Ministry: Wheat export duty to grow to $70/tn for Nov 10–16

MOSCOW, Oct 29 (PRIME) -- Russia’s wheat export duty for November 10–November 16 will grow to U.S. $69.9 per tonne from $67, the barley duty to $54.8 per tonne from $42.6, and the corn duty to $50.1 per tonne from $49.7, as seen by PRIME in the Agriculture Ministry’s materials on Friday.

The duty is calculated basing on the indicative prices of $299.9 per tonne of wheat, $263.3 per tonne of barley, and $256.6 per tonne of corn.

Since June, Russia has been using a flexible system of duty calculation for the grains.

End