Export duties on Russian grains down

Source

APK-Inform

1222

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

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