Russia will increase the export duty on wheat from January 11

Published 2024년 1월 3일

Tridge summary

The Russian Federation has increased the export duty on wheat and meslin to 4,165.9 rubles per ton, up from the previous rate of 3,859.7 rubles per ton. Barley will have a zero duty, while the duty on corn will increase to 1,431.7 rubles per ton. These duties are based on indicative prices and will be in effect until January 16, 2024.

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Original content

The duty on the export of wheat and meslin (a mixture of wheat and rye) from the Russian Federation from January 11, 2024 increases to 4,165.9 rubles against the rate in force from December 27, 2023 to January 10, 2024 of 3,859.7 rubles per ton. says in the materials of the Ministry of Agriculture of the Russian Federation. The duty on barley will be zero, the duty on corn will be increased to 1,431.7 rubles versus 1,148.6 rubles per ton. The export duty rate for wheat is calculated based on an indicative price of $250 per ton, for barley - $172.3 per ton, for corn - $195.2 per ton. The duties will be in effect until January 16, 2024 inclusive. The “floating” duty on grain exports from the Russian Federation has been in effect since June 2, 2021. The Ministry of Agriculture determines ...

Source: Milknews