Increase in duties on wheat exports in Russia: changes from December 13

The duty rate on wheat exports from Russia will be increased by 6.7% from December 13. Now it will be 4063.5 rubles per ton, compared to the previous 3808.1 rubles per ton, according to the Ministry of Agriculture.
Thus, the percentage increase will be 6.7%.
The duty on barley will remain zero for the eighth week in a row, and on corn it will increase from 618.9 to 839.5 rubles per ton.
The calculated rates are based on indicative prices: $251.5 per ton of wheat (compared to $253.2 in the previous week), $173.4 per ton of barley ($169.5), $188.3 per ton of corn ($189.1).
The increased duties will be in effect until December 19 inclusive.
From June 2, 2021, Russia introduced a grain damper mechanism, which provides for variable rates of duties on the export of wheat, corn and barley, as well as the return of funds received in the form of subsidies for agricultural producers. The amount of duties is calculated weekly based on indicators based on the prices of export contracts registered on the Moscow Exchange. From July 2022, duty rates will be determined in rubles. Their size will be 70% of the difference between the base and indicative prices.
From June 2023, the base price for calculating the export duty on wheat will be increased from 15 thousand to 17 thousand rubles per ton, and for barley and corn - from 13,875 to 15,875 rubles per ton.