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Wheat News - Russia Export Duty Fell By $1.70 Per Tonne From Previous Week
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Russia Export Duty Fell By $1.70 Per Tonne From Previous Week

Russia’s floating export duty fell by $1.70 per tonne from previous week and will be taxed at $95.80 per tonne from January 21 to February 1. From Feb. 15 to the end of the marketing year on June 30, an additional constraint on exporters will come from the government's wheat export quota, which was announced in December at 8 MMT. The wheat export price stood at $330 per tonne this week lower than previous week due to fall in the export duty price.