Russia to raise export duty on wheat

14:44; 08 March 2025 year

Starting from March 12, Russia will raise the export duty on wheat, TASS reports, citing data from the Ministry of Agriculture of the Russian Federation.

The price will increase to 2,444.4 rubles per ton. Currently, the rate is set at 2,177.7 rubles per ton.

The duty on barley will amount to 874.8 rubles against 680.9 rubles earlier. The duty on corn will be increased to 1,925.9 rubles from 1,715.8 rubles per ton.

Floating duties on grain exports were introduced by the Russian government in 2021. The fee is 70% of the difference between the base price and the indicative price. It is calculated weekly based on indicators based on export contract prices, which are registered on the Moscow Stock Exchange.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure