Russia raises grain export tax

The Russian Ministry of Agriculture has announced that the tax on Russian wheat exports will increase from $ 86.4 per tonne to $ 87 per tonne between March 30 and April 5.

According to the statement, the export tax on barley and corn will increase to $ 75.6 and $ 58.3 per ton, respectively.

Statistics show the rate of export duties on wheat and مزلین (A mixture of wheat and rye) with an index price of $ 324.3 per tonne, barley at $ 293.1 and corn at $ 268.3 per tonne.

Last summer, the ministry introduced a so-called floating tax on wheat, corn and barley; The move is aimed at stabilizing the price of domestic food and requires sellers to register their export contracts on the Moscow Stock Exchange. According to this information, the Russian Ministry of Agriculture determines the amount of tolls for a week.

Russia is the world’s largest exporter of wheat, accounting for more than 18 percent of international exports. Russia and Ukraine, which have halted grain exports, supply about 30 percent of the world’s wheat.

With the conflict between the two countries, the supply of wheat and grains in the world is in danger.

Russia temporarily halted its wheat exports to the former Soviet Union and most of its sugar exports two weeks ago, but special export permits are issued to traders at their current quotas.

Russia as great ‌Most The world wheat exporter banned the export of sugar until August 31 and wheat, rye, barley and corn to the former Soviet Union until June 30.

The Russian government said in a statement that the measures were taken to “protect the domestic food market in the face of external restrictions.”

The World Bank has warned that a number of developing countries will soon face shortages of wheat due to their dependence on wheat imports from Ukraine due to the conflict with Russia.

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