Export Duty of wheat from Russia from February 16 will decrease to $92.8 per ton

The duty on wheat exports from Russia will decrease to $92.8 per ton from February 16 to February 22 against $93.2 a week earlier, the Ministry of Agriculture of the Russian Federation said in a statement.

The export duty for barley will increase from $73.3 to $74.1 per ton, the duty for corn will remain at the same level – $52.7 per ton.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated on the basis of an indicative price of $332.7 per ton, for barley – at a price of $290.9 per ton, for corn – $260.3 per ton. The rates are applied from the third working day after the day of their placement and are valid until the start of the application of the next duty rates.