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Jan 26, 2021
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Mishustin signed a decree to increase the export duty on wheat

Russian Prime Minister Mikhail Mishustin signed a decree to increase the export duty on wheat from 25 to 50 euros per tonne within the quota.

As reported on the website of the Cabinet, from February 15 to 28, wheat will be subject to a duty of 25 euros per ton, and from March 1 to June 30, increased duties on wheat in the amount of 50 euros per ton will be introduced.

In addition, from March 15 to June 30, a duty on the export of corn at 25 euros per ton is introduced within the grain export quota, for barley – 10 euros per ton.

Earlier, the Russian government approved the allocation of funds to curb prices for flour and bread. More than 4.5 billion rubles will be allocated for these purposes. It is expected that the measures taken will allow producers to compensate for part of the cost of purchasing wheat, and bakery enterprises will reduce the cost of selling their products.

Meanwhile, the Accounts Chamber of Russia warned of the risks of a shortage of goods due to curbing the rise in food prices.

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