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Russia: The export duty on wheat will rise again

Wheat
Russia
Published Apr 2, 2022

Original content

From April 6, the export duty on wheat will increase from $87 to $96.1 per ton, the Ministry of Agriculture said. The growth is observed for the third week in a row after falling for nine weeks. The duty on barley will decrease from $75.8 to $75.4 per ton, on corn it will increase from $58.3 to $65.8 per ton. Rates will be valid until April 12. Fees are calculated based on indicative prices. For wheat, the price was $337.3 per ton ($324.3 for calculating the previous rate), for barley - $292.8 ($293.1), for corn - $279 ($268.3) per ton. According to Vladimir Petrichenko, General Director of the ProZerno analytical company, grain exports were very active in March. More than 2.1 million tons were exported from Russia, including 1.7 million tons of wheat. “I thought that exports would be more modest, no more than 2 million tons,” the expert told Agroinvestor. Export prices have now begun to decline, continues Petrichenko. “It is very difficult to talk about prices for Black Sea wheat ...
Source: AgroInvestor
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