Russia Reinstates Wheat Export Duty as Grain Prices Fluctuate

Russia's Agriculture Ministry has reinstated a wheat export duty of RUB 5.7 per ton, effective August 8. This move comes after three consecutive weeks where the duty had been set at zero.

The ministry also made adjustments to the duties on other grains, reducing the corn export duty from RUB 232.6 per ton to RUB 127.2 per ton from the same date. Barley exports will remain exempt from duty, with a rate of zero.

The new duty rates were calculated based on indicative prices for each grain: $229.4 per ton for wheat, $191.1 per ton for barley, and $230.2 per ton for corn. These figures represent slight increases or decreases in prices compared to the previous period.