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Russia’s export duty on wheat to be raised to $36 per metric ton from April 3

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

MOSCOW, March 29. /TASS/. The duty on wheat exports from Russia will stand at 3,322.8 rubles ($36) per metric ton from April 3, 2024, according to the Ministry of Agriculture.

The duty on barley will be raised to 1,002.3 rubles ($11.07) up from 573.3 rubles ($6.2), the duty on corn will be 69.9 rubles ($7) per metric ton versus zero duty at present.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated based on an indicative price of $235.1 per metric ton, for barley - at a price of $187.1 per metric ton, and for corn - $172.7 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.

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