Russia’s export duty on wheat to be .88 per metric ton from November 20

Russia’s export duty on wheat to be $26.88 per metric ton from November 20

Qries


MOSCOW, November 15. /TASS/. The duty on wheat exports from Russia will stand at 2,689.7 rubles ($26.88) per metric ton from November 20, 2024, according to the Ministry of Agriculture.

The duty on the export of barley and corn will stand at 1,233.2 rubles ($12.33) and 3,066.5 rubles ($30.64), the Ministry said.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated based on an indicative price of $222.8 per metric ton, for barley – at a price of $190.1 per metric ton, and for corn – $216.8 per metric ton.

The floating duty on Russian grain exports is effective from June 2, 2021. The Ministry of Agriculture determines the amount of the duty for a period of one week. Duties were calculated in dollars before July 1, 2022 and then were converted to rubles.

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