Welcome, Guest!

lost your password?

Ministry of economic development of the Russian Federation

Russia to hike grain export duty to support domestic producers

10.10.2021

The export duty on Russian wheat will be increased from $57.80 to $58.70 per ton on October 13, the Ministry of Agriculture said. Duties on barley and corn will be also hiked to $49.40 and $47.20 per ton, respectively.

The export duty rate is calculated at an indicative price of $283.90 per ton for wheat, $255.60 for barley, and $252.50 for corn. The new duty rates will be in effect until October 19.

This summer, Russia introduced a grain damper mechanism, which provides for floating duties on the export of wheat, corn and barley. The duty is 70% of the difference between the indicative price and the base price. The base price for wheat is $200 per ton; for corn and barley, $185 per ton.

The funds received from the duties will be distributed as subsidies for Russian producers, depending on volume generated.

Source: RT



← previous   archive   next →



01.10.2021 - 31.03.2022
29.11.2021 - 01.12.2021
30.11.2021 - 03.12.2021
01.12.2021 - 04.12.2021
05.12.2021 - 09.12.2021
14.12.2021 - 14.12.2021
25.01.2022 - 28.01.2022
26.01.2022 - 28.01.2022
08.02.2022 - 09.02.2022
15.02.2022 - 20.02.2022
01.03.2022 - 31.03.2022
01.03.2022 - 04.03.2022
14.03.2022 - 17.03.2022
17.05.2022 - 19.05.2022
24.05.2022 - 26.05.2022
01.07.2022 - 31.07.2022
01.09.2022 - 30.09.2022
01.10.2022 - 31.10.2022