The export duty on wheat from the Russian Federation has been increased by 1.9 since February 1%

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AK&M 01 February 2023 13:18

The export duty rate on wheat from the Russian Federation from February 1, 2023 increased by 1.9% to 4365.3 rubles per ton from 4283.2 rubles a week earlier. The duty on corn will increase to 1186.2 rubles per ton, for barley - up to 3174.3 rubles. This is evidenced by the materials of the Ministry of Agriculture.

The indicative price for wheat was $308.8 per ton, for corn - $226.4, for barley - $ 267.7 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.