ANNOUNCEMENT 08 Jun 2022

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Interfax (08.06.2022). "Экспортная пошлина на пшеницу из России повысилась до $129,2 за тонну". Retrieved on 09.06.2022: https://www.interfax.ru/business/845204

Inception date: 08 Jun 2022 | Removal date: 15 Jun 2022

Export tax

On 8 June 2022, the Ministry of Agriculture of the Russian Federation announced increases in the export duties of wheat and corn. According to the Ministry, the export duty on wheat will increase from USD 121.2 per tonne to USD 129.2 per tonne. For corn, the export duty will increase from USD 73.9 per tonne to USD 78.7 per tonne.

The updated duty rates will be enacted on 8 June 2022 and will be in effect until 15 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.

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