Export duty on wheat from Russia will decrease from $93.9 to $93.2 per ton from February 9
From February 9, the export duty on wheat from Russia will decrease to $93.2 from $93.9 per ton, the Ministry of Agriculture said. The decline continues for the fourth week in a row.
The duty on barley will decrease to $73.3 from $74.6 per ton, on corn it will rise to $52.7 from $49.2 per ton.
The new duty rates will be in effect until February 15.
Fees are calculated based on indicative prices. For wheat, the price was $333.2 per ton ($334.2 for calculating the previous duty), for barley – $289.8 ($291.7), for corn – $260.4 ($255.3) per ton.
The amount of duties is calculated weekly based on price indicators based on the prices of export contracts that are registered on the Moscow Exchange. The cut-off price for wheat is set at $200 per ton, for corn and barley – $185 per ton. The amount of the fee is 70% of the excess of this indicator.
Type of grain crop | Indicative prices, USD | Export customs duty rate, USD |
Wheat | 333,2 | 93,2 |
Barley | 289,8 | 73,3 |
Corn | 260,4 | 52,7 |
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