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Russia’s export duty on wheat to be $34.27 per metric ton from March 20

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

MOSCOW, March 15. /TASS/. The duty on wheat exports from Russia will stand at 3,143 rubles ($34.27) per metric ton from March 20, 2024, according to the Ministry of Agriculture.

The duty on the export of barley will be 408.1 rubles ($4.45). The duty for corn will total 71.2 rubles ($0.77) 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 $236.6 per metric ton, for barley - at a price of $181.2 per metric ton, and for corn - $175.9 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.

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