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Russia’s export duty on wheat to be $41.26 per metric ton from February 28

The duty for corn will total 828.9 rubles ($9) per metric ton

MOSCOW, February 22. /TASS/. The duty on wheat exports from Russia will stand at 3,800.6 rubles ($41.26) per metric ton from February 28 to March 5, 2024, according to the Ministry of Agriculture.

The duty on the export of barley will be 571 rubles ($6.2). The duty for corn will total 828.9 rubles ($9) 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 $243.5 per metric ton, for barley - at a price of $181.2 per metric ton, and for corn - $185.2 per metric ton.

Rates of customs export duties apply from the third business day after their posting and will be in effect until subsequent duty rates become applicable, the press service of the Ministry of Agriculture noted. Rates of duties posted on the website of the Ministry of Agriculture on February 22 are in effect from February 28 to March 5 inclusive.

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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