The Ministry of Agriculture has determined the size of duties on wheat, corn and barley

The export duty on wheat from June 2 will be $ 28.1, on corn – $ 52.2, on barley – $ 39.6 per ton. They will operate within the damper mechanism until June 8th.

The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated at an indicative price of $ 240.2 per ton, for barley – at a price of $ 241.7, for corn – $ 259.7, Interfax reports with reference to the Ministry of Agriculture.

Floating duty on wheat is 70% of the difference between the export price and $ 200. A similar formula applies to barley and corn, but the base price is $ 185 per tonne. Now in Russia there is a fixed duty: for wheat – € 50, for barley – $ 10, for corn – $ 25.

More details about the mechanism – in the article “Kommersant” “Wheat will recalculate the duty.”

Leave a Reply

Your email address will not be published.