Russia will increase the export duty on wheat to 3,298.6 rubles per ton from March 27
Wheat
Published Mar 25, 2024
Tridge summary
From March 27, 2024, the Russian Federation will increase the export duty on wheat and meslin to 3,298.6 rubles per ton, up from the current 3,143 rubles. The duty on barley will also rise to 573.3 rubles from 408.1 rubles. However, the duty on corn will be reduced to zero from 71.2 rubles per ton. These rates are determined weekly by the Ministry of Agriculture based on indicative prices from the Moscow Exchange.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The duty on the export of wheat and meslin (a mixture of wheat and rye) from the Russian Federation will increase to 3,298.6 rubles from March 27, 2024 against the current rate of 3,143 rubles per ton, according to the materials of the Ministry of Agriculture of the Russian Federation. The duty on barley will be 573.3 rubles against the previous 408.1 rubles, the duty on corn will be zero against 71.2 rubles per ton. The export duty rate for wheat is calculated based on an indicative price of $235.8 per ton, for barley - $181.3 per ton, for corn - $172.1 per ton. The “floating” duty on grain exports from the Russian Federation has been in effect since June 2, 2021. The Ministry of Agriculture ...
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