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Food Industry News

Russia zeroed export duties on wheat

Government zeroed export customs duty on wheat until July 1 2018 years. It follows from the decision, signed by Russian Prime Minister Dmitry Medvedev.

Earlier, Minister of Agriculture of the Russian Federation Alexander Tkachev reported that Russia will zero export duty on wheat from 23 September.

Russia imposed export duties on wheat from February 1 2015 years to stabilize the situation on the domestic grain market, as due to the fall of the ruble export grain has become much more profitable than selling domestically. Later, its parameters were adjusted several times. With the 1 2015 October, the fee is 50% of the customs value minus 6,5 thousand. Rub. per tonne, but not less than 10 rubles. per ton.

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