The Agricultural Ministry of Russia updated rates of export duties for wheat, barley and corn under the mechanism of “grain damper”.
The export duty on wheat and meslin will be decreased to 97.5 USD/t from 98.2 USD/t week ago.
The export duty on barley will be lowered to 79 USD/t (86.2 USD/t).
The tariff for corn will be decreased sharply to 46.1 USD/t (67.7 USD/t). Lower duty is based on decline of indicative price from 281.8 USD/t to 250.9 USD/t.
The new rates of the export duties will come in force on January 19, 2022.
Detailed information on dynamics of indicative prices and duties over the last month are listed in the table.
|
Crop |
Indicative price (USD/t) |
Duty rate (USD/t) |
|
Jan 14 |
||
|
Wheat and meslin |
339,3 |
97,5 |
|
Barley |
297,9 |
79 |
|
Corn |
250,9 |
46,1 |
|
Dec 30 |
||
|
Wheat and meslin |
340,4 |
98,2 |
|
Barley |
308,2 |
86,2 |
|
Corn |
281,8 |
67,7 |
|
Dec 24 |
||
|
Wheat and meslin |
335,6 |
94,9 |
|
Barley |
304,4 |
83,5 |
|
Corn |
283,6 |
69 |
|
Dec 17 |
||
|
Wheat and meslin |
334,3 |
94 |
|
Barley |
306,2 |
84,8 |
|
Corn |
263,6 |
55 |
