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Russian Cabinet extends zero duty on wheat export until July 1, 2021

The zero duty was introduced on September 23, 2016

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Putin vows to continue supporting agriculture

MOSCOW, July 1. /TASS/. The Russian government extended the term of the zero rate for the wheat export duty until July 1, 2021. The Cabinet decree of June 29 was posted on the official website of the government.

"The decision taken will facilitate exports of agro-industrial sector products," the press service reports.

Russia introduced the wheat export duty on July 1, 2015. This was conditioned by higher activity of the exporters boosting grain sales on international markets and attempting to gain from the dramatic ruble decline. The zero duty was introduced on September 23, 2016 and was extended until July 1, 2019 earlier.

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