The Russian authorities has signed a decree elevating the export responsibility for wheat from €25 ($ 30) to €50 ($ 60.59) per ton, beginning on March 1. Duties may even be launched on exports of corn at €25 per ton and barley at €10 per ton.
“Export duties on wheat, barley and corn might be adjusted, which can assist stabilize costs for these merchandise on the home market,” stated the doc revealed on the web site of the Cupboard of Ministers on Tuesday.
In April, Russia capped grain shipments till July, to keep away from home value spikes amid the worldwide coronavirus disaster.
Moscow launched export limits for sure grains, together with wheat, rye, barley and corn, saying that the provides shouldn’t exceed seven million tons.
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In December, Russian authorities launched an export restrict of 17.5 million tons for sure grains for the rest of the advertising yr throughout the present season. Earlier this month, they authorized elevating duties on grain exports to guard home provide and stabilize the costs for flour and bread.
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