Russia’s export duty on wheat to decrease to $42.46 per ton from September 6

Business & Economy September 01, 2023, 18:14

The floating duty on Russian grain exports is effective from June 2, 2021

MOSCOW, September 1. /TASS/. The duty on wheat and meslin (a mixture of wheat and rye) exports from Russia will decrease to 4,007.6 rubles ($42.46) per ton from September 6 to September 12, 2023, from the current rate of 3,729.2 rubles ($38.74) per ton, according to files published by the Ministry of Agriculture on Friday.

The export duty rate is calculated based on an indicative price of $238.6 per ton for wheat, $175.3 per ton for barley, and $175.3 per ton for corn.

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.

Read more on the site →