Russia sets wheat export duty at 5,224 rbl/tn for Oct 11–17

MOSCOW, Oct 6 (PRIME) -- Russia’s wheat export duty will increase to 5,224.4 rubles per tonne from 4,564.6 rubles, the barley duty will fall to 1,166.1 rubles from 1,251.1 rubles, and the corn duty will increase to 3,120.8 rubles from 2,853.8 rubles from October 11 through October 17, as seen by PRIME in the Agriculture Ministry’s materials on Friday.

The duty is calculated basing on the indicative prices of U.S. $248.8 per tonne of wheat, $178.4 per tonne of barley, and $206.8 per tonne of corn.

Since June 2021, Russia has been using a flexible system of grain duty calculation. In July 2022, the duty’s calculation was shifted to rubles.

(99.6762 rubles – U.S. $1)

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