- Zero duties extended: Export duties on Russian wheat, barley, and corn remain at zero from April 29 through May 5.
- Wheat & barley firmer: Indicative prices for wheat and barley inched higher week-over-week, signaling stable to firm demand.
- Corn softens: Corn indicative prices eased, likely reflecting seasonal supply pressures.
- Competitive exports: Zero-duty policy continues to support Russian grain competitiveness in global markets and tenders.
Russian Grain Export Duties Remain at Zero
The Russian Ministry of Agriculture has confirmed that export duties on wheat, barley, and corn will remain at zero for the second consecutive week, covering the period from April 29 through May 5. This extension sustains favorable export conditions for Russian grain shipments, particularly from Black Sea ports.
Indicative Price Update
Updated indicative prices used for duty calculations show marginal week-over-week changes, with wheat and barley edging higher and corn declining slightly.
| Commodity | Indicative Price (USD/ton) | Prior Period (USD/ton) | Change (USD/ton) |
|---|---|---|---|
| Wheat | $234.7 | $234.4 | +0.3 |
| Barley | $224.0 | $223.8 | +0.2 |
| Corn | $217.8 | $220.8 | -3.0 |
Market Impact and Outlook
Neutral to slightly bullish: The continuation of zero export duties maintains Russian wheat and barley competitiveness in international tenders, supporting steady export flows. The modest rise in wheat and barley indicative prices points to stable demand, while the softer corn price likely reflects seasonal supply pressures rather than a structural shift. Traders and logistics coordinators can expect ongoing, cost-stable export activity through early May, with no duty-related adjustments to freight or FOB pricing.
Source: Market Data
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