Russia’s export duty on wheat to be $44.56 per ton from February 14

Business & Economy February 09, 21:54

The export duty rate for wheat and meslin, which is a mixture of wheat and rye, is calculated based on an indicative price of $251.1 per metric ton

MOSCOW, February 9. /TASS/. The duty on wheat exports from Russia will stand at 4,058.9 rubles ($44.56) per metric ton from February 14, 2024, according to the Ministry of Agriculture.

The duty on the export of barley will be 219.5 rubles ($2.41) per metric ton. The duty for corn will amount to 2,278.7 rubles ($25.03) 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 $251.1 per metric ton, for barley - at a price of $178.3 per metric ton, and for corn - $210.7 per metric 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.

Read more on the site →