The tariff on wheat exports from Russia is $ 77.1 per ton from November 17-23, compared with $ 69.9 per ton a week earlier, according to the Moscow Ministry of Agriculture.
The tariff on the export of barley will rise from $ 54.8 to $ 66 per tonne and for corn from $ 50.1 to $ 62.9 per tonne.
The export duty rate for wheat and mixed grains is calculated based on an indicative price of $ 310.2 per ton, for barley at a price of $ 279.3 per ton, for corn - $ 274.9 per ton . The tariffs apply from the third working day after their posting and are valid until the following tariffs apply.
On April 1, 2021, the Russian Ministry of Agriculture began testing the mechanism for calculating the floating tariff on grain exports, which came into force on June 2, 2021. From February 5, market participants will transmit data on contracts to the Moscow Stock Exchange in order to calculate the indicative price. On the basis of this information, the Ministry of Agriculture determines the amount of the fee for a period of one week. The calculated fees are published weekly on the Ministry's website.
Source
Hansa Terminhandel GmbH