Export duty on Russian wheat reduced by almost 100 RUB per ton
Russia has reduced its wheat export duty from 167.7 to 76 rubles per ton, while duties on barley and corn remain at zero. The adjustment is based on updated indicative prices, with the new rates applying from November 7 to 11. The reduction aims to support wheat export competitiveness.
The Russian Ministry of Agriculture has lowered the export duty on wheat from 167.7 RUB per ton to 76 RUB per ton, according to the ministry’s press service.
Export duties on barley and corn, as in the previous week, will remain at zero.
The rates were calculated based on the following indicative prices: $226.5 per ton for wheat ($225.5 in the previous period), $194.7 for barley ($191.3), and $210.2 for corn ($208.6).
These rates will be in effect from November 7 to November 11.
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Source : APK Inform
