- Duty Elimination: Russia cuts the wheat export duty from 329 rubles/ton to zero effective April 22, 2025.
- Grain Competitiveness: Zero export duties across wheat, barley, and corn enhance Russian price competitiveness in global markets.
- Stable Demand Signal: Wheat’s indicative price edges up to $234.4/ton, pointing to steady underlying demand.
Russia Eliminates Wheat Export Duty
The Russian Ministry of Agriculture has removed the export duty on wheat, reducing the rate from 329 rubles per ton to zero rubles per ton starting April 22, 2025. This duty adjustment will remain in effect through April 28, aligning wheat with barley and corn, which already carry zero export duties.
Updated Indicative Prices
The latest duty calculations are based on revised indicative prices for key grains. Wheat’s indicative price rose slightly, while barley and corn also posted increases compared with the previous period.
| Commodity | Indicative Price (Current) | Indicative Price (Previous) | Export Duty (Current) |
|---|---|---|---|
| Wheat | $234.4/ton | $233.3/ton | 0 rubles/ton (was 329) |
| Barley | $223.8/ton | $218.2/ton | 0 rubles/ton |
| Corn | $234.4/ton | $222.2/ton | 0 rubles/ton |
Market Impact and Analysis
Bullish for Russian Wheat Exports. The removal of the 329 rubles/ton export duty meaningfully improves the competitiveness of Russian wheat in global markets, especially against other Black Sea and EU origins. With zero export taxes on wheat, barley, and corn, Russian exporters gain a clearer pricing edge that is likely to accelerate shipment volumes in the near term.
The modest uptick in wheat’s indicative price to $234.4/ton underscores stable demand for Russian grain. At the same time, the absence of export duties removes a key cost barrier for international buyers, reinforcing Russia’s position as a leading supplier in global wheat and feed grain trade.
Source: Market Data
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