ANNOUNCEMENT 27 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

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Interfax (27.05.2022). "Экспортная пошлина на пшеницу из РФ с 1 июня повысится до $121,2 со $110,5 за т - Минсельхоз". Retrieved on 01.06.2022: http://interfax.az/view/868242

Inception date: 01 Jun 2022 | Removal date: 07 Jun 2022

Export tax

On 27 May 2022, the Ministry of Agriculture of the Russian Federation announced an increase in the export duty of wheat. According to the Ministry, the export duty on wheat will increase from USD 110.5 per tonne to USD 121.2 per tonne.

The updated duty rate will be enacted on 1 June 2022 and will be in effect until 7 June 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 01 Jun 2022 | Removal date: 07 Jun 2022

Export tax

On 27 May 2022, the Ministry of Agriculture of the Russian Federation announced a decrease in the export duty of corn. According to the Ministry, the export duty on corn will decrease from USD 76.5 per tonne to USD 73.9 per tonne.

The updated duty rate will be enacted on 1 June 2022 and will be in effect until 7 June 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.