Information from the Ministry of Agriculture of the Russian Federation indicates that updated customs duty rates will come into effect from May 28 to June 3, 2025.
Now, regarding export rates:
- for wheat - a downward correction of 185.8 rubles: from 1550.3 to 1364.5 rubles per ton;
- for barley - the tariff remains at zero level;
- for corn - a decrease of 59.7 rubles: from 665.7 to 606.0 rubles per ton.
Previous weekly duty calculations were based on indicative prices per ton:
- wheat - $248.4 ($250.5 a week ago);
- barley - $204.0 ($204.0 a week ago);
- corn - $220.9 ($220.9 a week ago).
The Government of the Russian Federation has made adjustments to the formula for calculating grain export duties due to last year's record harvest. The main export prices have increased by 1,000 rubles per ton, which, by reducing duties by an average of 700 rubles per ton, stimulates the export of these products and comes to the aid of agricultural producers, according to the government's statement.