Export duties on Russian wheat, barley down again

Source

APK-Inform

919

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 95.8 USD/t from 97.5 USD/t week ago. Lower duty is based on decline of indicative price from 339.3 USD/t to 336.9 USD/t.

The export duty on barley will be lowered to 74.4 USD/t (79 USD/t).

The tariff for corn will be increased to 50.6 USD/t (46.1 USD/t).

The new rates of the export duties will come in force on January 26, 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

January 21

Wheat & meslin

336,9

95,8

Barley

291,3

74,4

Corn

257,4

50,6

January 14

Wheat & meslin

339,3

97,5

Barley

297,9

79

Corn

250,9

46,1

December 30

Wheat & meslin

340,4

98,2

Barley

308,2

86,2

Corn

281,8

67,7

December 24

Wheat & meslin

335,6

94,9

Barley

304,4

83,5

Corn

283,6

69

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