Russia will abandon the wheat export duty until July 2018, Deputy Agriculture Minister Dzhambulat Khautov said.
“The export duty on grain will be abolished in Russia until July 2018”, he said.
Khautov said that the ministry’s proposal to abandon the Russian wheat export duty had been approved at a meeting held by Deputy Prime Minister Arkady Dvorkovich.
Russia imposed a wheat export duty on July 1, 2015, which is measured as 50% of the price minus 6,500 rubles per ton, but at least 10 rubles per ton. (Prime/Business World Magazine)
