ANNOUNCEMENT 20 May 2022

In May 2022, the Ministry of Agriculture of the Russian Federation announced amendments to export duties on wheat and corn.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Interfax (20.05.2022). "Экспортная пошлина на пшеницу из РФ с 25 мая снизится до $110,5 за тонну". Retrieved on 26.05.2022: https://www.interfax.ru/business/841906

Inception date: 25 May 2022 | Removal date: 31 May 2022

Export tax

On 20 May 2022, the Ministry of Agriculture of the Russian Federation announced decreases in export duties of wheat and corn.

According to the Ministry, the export duty on wheat will decrease from USD 111.9 per tonne to USD 110.5 per tonne. Additionally, the export duty of corn will decrease from USD 77.3 to USD 76.5 per tonne. 

The updated duty rates will be enacted on 25 May 2022 and will be in effect until 31 May 2022. The Ministry notes that the fees are calculated based on indicative prices of the commodities in question.

For previous values, see related state act.

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