The export duty on wheat from the Russian Federation from February 2 will decrease to $93.9 per ton

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AK&M 28 January 2022 16:42

The rate of export duty on wheat from the Russian Federation from February 2 will decrease to $93.9 per ton from $95.8. This is evidenced by the materials of the Ministry of Agriculture.

The duty on corn will decrease to $49.2 per ton from $50.6, on barley - will increase to $74.6 from $74.4 per ton. The indicative price for wheat was $334.2 per ton, for corn - $255.3, for barley - $291.7 per ton.

Since June 2021, Russia has introduced a grain damper mechanism, according to which floating duties are introduced on the export of wheat, corn and barley and the return of funds received from them to subsidize agricultural producers.