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Russia’s export duty on wheat to be $69.47 per metric ton from May 4

Rates apply from the third business day after their posting and will be in effect until subsequent duty rates become applicable

MOSCOW, April 21. /TASS/. The duty on wheat exports from Russia will stand at 5,573.2 rubles ($69.47) per metric ton from May 4 to 11, 2023, according to the Ministry of Agriculture.

The duty on the export of barley will be 2,195.4 rubles ($27.34) and for corn - 3,000 rubles ($37.38) per metric ton, the Ministry said.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated based on an indicative price of $281.7 per metric ton, for barley - at a price of $208.7 per metric ton, and for corn - $222.8 per metric ton.

Rates apply from the third business day after their posting and will be in effect until subsequent duty rates become applicable. Duty rates posted on April 28 will be effective from May 4, the Ministry noted.

The floating duty on Russian grain exports is effective from June 2, 2021. The Ministry of Agriculture determines the amount of the duty for a period of one week. The calculated fees are published weekly on the ministry's website. Duties were calculated in dollars before July 1, 2022 and then were converted to rubles.

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