Russia from June 16 will increase the export duty on wheat

Export duty on Russian wheat from Wednesday, June 16, will rise to $ 33.3 per ton, follows from the data of the Ministry of Agriculture. Previously, the duty was $ 29.4 per ton.

The duty on barley will remain unchanged ($ 39.6). The corn duty will decrease from $ 50 to $ 48.2 per ton. The new duty rates were introduced until June 22.

Floating duty on wheat is 70% of the difference between the export price and $ 200. The same formula applies to barley and corn, but the base price is $ 185 per tonne. The mechanism of a floating duty on grain exports in Russia was introduced in April.

About the situation on the grain market – in the material “Kommersant” “Grain went to feed.”