The export duty on wheat from Russia was raised to $142 per ton from $131.6 from June 22, the Agriculture Ministry said.

The duty on barley increased to $117.5 from $92.8, on corn – to $86.5 from $84 per ton.

These duties will be in effect until June 28.

The amount of duties is calculated on the basis of indicative prices. The price for wheat was $399.4 per ton ($386.4 to calculate the previous duty), for barley – $352.5 ($317.6), for corn – $308.6 ($305.5) per ton.

On June 2, 2021, Russia introduced a mechanism of grain dampener, which provides for floating duties on exports of wheat, corn and barley and the return of funds received from them to subsidize agricultural producers. The amount of duties is calculated weekly on the basis of price indicators based on the prices of export contracts, which are registered at the Moscow Exchange.

The duty on wheat is calculated on the basis of a progressive scale, which provides for an indicative price above $375 per ton. The progressive scale of duty calculation was approved by the government decree N2595 of December 31, 2021 and refers to the so-called second stage of the formula. It provides that the duty will be 80% of the difference between the indicative and base price. In this case, its amount will consist of two parts: the duty rate calculated at a price up to $375 per ton and above this indicator.