The export tariff on wheat from Russia will be reduced by 10.8% starting from January 12.

The export duty on wheat from Russia will be 97.3 rubles per tonne starting from January 12, 2026, reports the Ministry of Agriculture. This is 10.8% less than the current rate of 109.1 rubles per tonne, which is in effect until January 11. Export duties on barley and corn will remain at zero, a level they have been at for a long time. The rates were calculated based on indicative prices: $228.4 per tonne for wheat ($227.9 for the previous period), $219.3 for barley ($219.2), and $200.9 for corn ($202). As explained by the Ministry of Agriculture, the rates announced on December 26 will be applied for only two days - from January 12 to January 13 inclusive, and those published on December 30 - from January 14 to January 20 inclusive. Russia introduced the grain buffer mechanism on June 2, 2021. It provides for floating export duties on wheat, corn, and barley and the return of funds received from them to subsidize agricultural producers. The size of the ...