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 |