Export duty on Russian wheat at 19.4 rubles per tonne on Aug 6 - Agriculture Ministry

MOSCOW. Aug 6 (Interfax) - The export duty on Russian wheat is 19.4 rubles per tonne as of August 6, after four weeks at zero, according to the calculation provided by the Agriculture Ministry.

The duty on barley remains at zero, while the duty on corn has increased to 371.5 rubles per tonne from 215.3 rubles per tonne the previous week.

The rates were calculated based on indicative prices of $224.2 per tonne for wheat ($224.3 in the previous period), $194.4 for barley ($193.5) and $228.9 for corn ($232.3).

The new rates will be in effect until August 12, inclusive.

Russia introduced a grain damper mechanism on June 2, 2021, which stipulates floating duties on the export of wheat, corn and barley and the return of funds received from them to subsidize agricultural producers. The duties are calculated weekly from indicators based on the prices of export contracts registered on the Moscow Exchange . Duty rates were initially calculated in dollars and in rubles since July 2022. The duty is 70% of the difference between the reference and indicative prices.

The reference price for calculating the export duty on wheat was initially 15,000 rubles per tonne and the reference price on barley and corn was 13,875 rubles per tonne. These were raised in June 2023 to 17,000 rubles per tonne and 15,875 rubles per tonne, respectively. The prices were raised again on June 28, 2024, to 18,000 rubles per tonne for wheat and 16,875 rubles per tonne for barley and corn. From July 24, 2025, the base price for barley was raised to 17,875 rubles per tonne, while the wheat price remains unchanged.