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 |
Read also
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Dry weather hits Argentina’s corn crop
Spain cuts orange supplies due to low harvest
Oilseed processing in Ukraine has reached its peak in recent years thanks to expor...
China Updates Registration Rules for Foreign Food Manufacturers
Write to us
Our manager will contact you soon