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Mineral fertilizer export duty in Russia to be 7% by end of December

"The measure will provide for lowering of the fiscal burden of mineral fertilizer producers, which paid export duties at a higher rate since last fall," the Russian Ministry of Economic Development stated

MOSCOW, December 23. /TASS/. The Russian Ministry of Economic Development published update rates of export duties on mineral fertilizers.

The government lowered the export duty for mineral fertilizers to 7% earlier. The duty for the period from December 13 to 31 will therefore total 7% of the customs value of fertilizers, the ministry noted.

"The measure will provide for lowering of the fiscal burden of mineral fertilizer producers, which paid export duties at a higher rate since last fall," the ministry added.

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