Moscow: Russia's export duty on wheat will be set at 2,403 rubles ($28.11) per metric ton starting March 19, 2025, as confirmed by the Ministry of Agriculture.
According to Lao News Agency, the export duties on other grains have also been adjusted. The duty on barley exports will be 761.9 rubles ($8.91) per metric ton, while the duty on corn will amount to 1,803.6 rubles ($21.1) per metric ton. These rates are calculated based on indicative prices set by the Ministry: $243.4 per metric ton for wheat and meslin, $204 per metric ton for barley, and $220.9 per metric ton for corn.
The floating duty on Russian grain exports has been in effect since June 2, 2021. The Ministry of Agriculture is responsible for determining the duty amounts on a weekly basis, with the calculated fees published on the ministry's website. Initially, these duties were calculated in dollars until July 1, 2022, when they were converted to rubles. The duty is set at 70% of the difference between the base price and the indicative price.