Wheat Export Duty to Surges in Russia

The duty on the export of wheat from Russia from June 23 to June 29 inclusive will be $ 38.1 per ton, on the export of barley – $ 39.6 per ton, corn – $ 50.2 per ton, RIA Novosti reports, citing the Russian Ministry of Agriculture.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated at an indicative price of $ 254.5 per ton, for barley at a price of $ 241.7 per ton, and for corn at $ 256.8 per ton.

The duty on the export of wheat from Russia for the previous period, from June 17 to 22, inclusive, is $ 33.3 per ton, on the export of barley – $ 39.6 per ton, corn – $ 48.2 per ton.

Since the beginning of April, for informational purposes, the Ministry has been publishing on its website the estimated rates of export customs duties on wheat, barley and corn. Information is published on the last working day of the week. The rates are applied starting from the third business day after the day of their placement, and are valid until the next rates of fees are applied.