The export duty on wheat from the Russian Federation from January 26 will decrease to $95.8 per ton

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AK&M 21 January 2022 15:47

The export duty rate on wheat from the Russian Federation from January 26 will decrease to $95.8 per ton from $97. This is evidenced by the materials of the Ministry of Agriculture.

The duty on corn will increase to $50.6 per ton from $46.1, on barley - will decrease to $74.4 from $79 per ton. The indicative price for wheat was $336.9 per ton, for corn - $257.4, for barley - $291.3 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.