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Russia to lower wheat export duty to $52.7 per ton from November 1

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

MOSCOW, October 27. /TASS/. Russia’s duty on exports of wheat and meslin (a mixture of wheat and rye) will be lowered to 4,923.4 rubles ($52.7) per ton from November 1 to 8, 2023, from the current rate of 5,297.7 rubles ($56.56) per ton, according to the Agriculture Ministry.

The duty on barley export will be zero for the second week in a row, while the corn duty will be lowered to 1,618 rubles ($17.23) per ton from 3,271.8 rubles (34.85) per ton, the ministry said.

The export duty rate for wheat is calculated based on an indicative price of $253.2 per ton, for barley - at a price of $164.7 per ton, and for corn - at $191.6 per ton.

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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