Russia cuts wheat export duty to $41.2/tn for July 7–13

MOSCOW, Jul 2 (PRIME) -- Russia’s wheat export duty will amount to U.S. $41.2 per tonne, on barley to $37 per tonne, and on corn to $50.6 per tonne from July 7 through July 13, as seen by PRIME in the Agriculture Ministry’s materials on Friday.

The duty is calculated basing on the indicative prices of $258.9 per tonne of wheat, $237.9 per tonne of barley, and $257.4 per tonne of corn.

Since June 2, Russia has been using a flexible system of duty calculation for the grains.

(72.9086 rubles – U.S. $1)

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