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Russian Ministry of Agriculture: From June 9th, Russian wheat export tax increased to 29.4 US dollars per ton

 Last Update: 2021-06-10
 Source: Internet
 Author: User

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Russian Satellite News Agency, Moscow, June 4, according to the official website of the Russian Ministry of Agriculture , from June 9 to 15 (inclusive), Russia’s wheat export tax will be 29.
4 US dollars per ton, and barley export tax will be 39.
6 US dollars per ton.
Corn is US$50 per ton.

From June 2 to 8 (inclusive), Russia’s export tax on wheat was US$28.
1 per ton, barley was US$39.
6 per ton, and corn was US$52.
2 per ton.

Starting from June 2, 2021, Russia has implemented flexible export tax rates on wheat, corn and barley within the framework of the "grain damper" mechanism.
The export tax is 70% of the difference between the reference price and the benchmark price.
The benchmark price for wheat is US$200 per ton, and US$185 per ton for corn and barley.

The above-mentioned grain export tax will be used to subsidize producers in Russia.

Ministry of Agriculture wheat exports barley corn

From June 2 to 8 (inclusive), Russia’s export tax on wheat was US$28.
1 per ton, barley was US$39.
6 per ton, and corn was US$52.
2 per ton.

The above-mentioned grain export tax will be used to subsidize producers in Russia.

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