The Agricultural Ministry of Russia updated rates of export duties for wheat, barley and corn under the mechanism of “grain damper” that came into force on June 2.
From June 17, with the indicative prices of wheat and meslin at 247.7 USD/t the export duty will be 33.3 USD/t. They were at 242.2 USD/t and 29.4 USD/t as of June 4.
With the indicative prices of barley at 241.7 USD/t (the same as the last week) the export duty will remain at 39.6 USD/t. With the indicative prices of corn at 253.9 USD/t (256.5 USD/t) the export duty will be 48.2 USD/t (50 USD/t).
“Calculated rates of export duties will come into force on the third working day after their publishing and will remain valid until the next rates are applied”, - the message says.