Russia's Agriculture Ministry cuts wheat export duty for first time in five weeks, corn duty lowered

en.Wedoany.com Reported - Russia's Agriculture Ministry announced a 22% reduction in the wheat export duty, ending a four-week streak of increases; the corn duty was cut by 33%.

During September 2-8, 2026, the benchmark price for Russian wheat and wheat-rye blend was $228.6 per tonne, with an export duty of 787.5 rubles per tonne; the previous week's benchmark price was $229.5, with an export duty of 1,012.1 rubles per tonne. (The duty for the week of July 8-14 was 370.1 rubles per tonne, following 11 consecutive weeks of zero duty).

The benchmark price for barley was set at $189.3 per tonne, with an export duty of 0 rubles per tonne; the previous week's benchmark price was $191.0, with an export duty of 0 rubles per tonne.

The benchmark price for corn was $220.6 per tonne, with an export duty of 406.5 rubles per tonne; the previous week's benchmark price was $221.2, with an export duty of 607.3 rubles per tonne.

On July 24, 2025, Russia's Agriculture Ministry raised the threshold price for corn and barley duties by 1,000 rubles per tonne, from 16,875 rubles to 17,875 rubles per tonne, effective immediately.

On June 21, 2024, Russia's Agriculture Minister stated that the adjusted grain duty threshold prices would take effect from July 1, 2024. On May 31, 2024, the Agriculture Ministry raised the price base for calculating grain duties by 1,000 rubles per tonne across the board, with the wheat duty threshold price increased from 17,000 rubles per tonne to 18,000 rubles per tonne; the threshold for corn and barley was raised from 15,875 rubles to 16,875 rubles per tonne.

On May 29, 2023, the Russian government raised grain duty threshold prices by 2,000 rubles per tonne across the board. From June 1, 2023, the base price for calculating wheat duties was raised from 15,000 rubles to 17,000 rubles per tonne, and the export base for corn and barley was also raised by 2,000 rubles, reaching 15,875 rubles per tonne.

On June 30, 2022, Russia announced that from July 6, 2022, duties would be denominated in rubles instead of dollars. The calculation formula subtracts a base of 15,000 rubles per tonne from the wheat benchmark price, then multiplies by 70%. The wheat benchmark price in the formula is the base price calculated by the Moscow Exchange based on FOB contract prices reported by exporters. The export base price for barley and corn was also changed from $185 per tonne to 13,875 rubles, with the tax formula being the benchmark price minus 13,875 rubles, then multiplied by 70%.

Russia's Agriculture Ministry has implemented formula-based taxation since June 2, 2021.

On Monday, the Russian ruble exchange rate was 86.30 rubles per dollar, compared to 83.85 last week.

Note: 1 dollar equals 86.30 rubles