en.Wedoany.com Reported - On June 17, 2026, the Russian Ministry of Agriculture announced that the wheat export duty would remain at zero for the period from June 17 to June 23, 2026, marking the ninth consecutive week of zero-duty policy since mid-April 2026. During the same period, export duties for barley and corn also remained at zero. The Russian ruble to US dollar exchange rate stood at 72.52 rubles per dollar.
According to data released by the Russian Ministry of Agriculture, from June 17 to June 23, 2026, the benchmark price for Russian wheat and mixed wheat was $233.1 per ton, with an export duty of 0 rubles per ton; the benchmark price for barley was $218.3 per ton, with an export duty of 0 rubles per ton; and the benchmark price for corn was $229.3 per ton, with an export duty of 0 rubles per ton. These benchmark prices were calculated based on Free on Board (FOB) contract prices reported by exporters on the Moscow Exchange.
The formula for calculating Russia's wheat export duty has been in effect since June 2, 2021. Under the current mechanism, the duty is denominated in rubles, calculated as the wheat benchmark price minus the duty threshold price of 18,000 rubles per ton, multiplied by 70%. On June 21, 2024, the Russian Minister of Agriculture stated that the adjusted grain duty threshold price would take effect from July 1, 2024. On May 31, 2024, the Russian Ministry of Agriculture raised the wheat duty threshold price from 17,000 rubles per ton to 18,000 rubles per ton; the duty threshold prices for corn and barley were raised from 15,875 rubles per ton to 16,875 rubles per ton. On July 24, 2025, the Russian Ministry of Agriculture further increased the duty threshold prices for corn and barley by 1,000 rubles per ton, from 16,875 rubles to 17,875 rubles per ton.
Previously, on June 30, 2022, Russia announced that from July 6, 2022, the currency for calculating grain duties would be changed from the US dollar to the ruble. On May 29, 2023, the Russian government raised all grain duty threshold prices by 2,000 rubles per ton. Effective from June 1, 2023, the wheat duty base was increased from 15,000 rubles to 17,000 rubles per ton, and the export bases for corn and barley were raised to 15,875 rubles per ton.
Russia is one of the world's largest wheat exporters, and its wheat export duty policy significantly impacts global grain market prices. The nine consecutive weeks of zero-duty policy provide favorable conditions for Russian wheat exports, helping to enhance its price competitiveness in the international market.
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