Russia ups wheat export tax to historic high ...News

News by : (Russia Today) -
Duty will surpass $100 per ton for the first time ever Russia has hiked up the tax on wheat exports to $101.4 per from April 13 to 19, the country’s Ministry of Agriculture announced on Friday. This is the first time Russia has raised its wheat export duty to over $100, media reports. The levy has been on the rise for four weeks in a row after dropping for nine weeks prior to that. The ministry also raised the export tax on barley and corn to $75.4 and $70.6 per ton, respectively. According to Alexander Korbut, the vice president of the Russian Grain Union, Russian grain export duties are likely to grow further. “

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