AreaRussia

Commodity GroupGrains

CommodityWheat

Date01/10/2015

Policy CategoryTrade

Policy InstrumentExport tariff

DescriptionReduced export tax to encourage sales in view of ample domestic supplies after good production results in 2015. The new tax is calculated as half of the contracted price, minus RUB 6 500 (USD 103) per tonne (previously it was RUB 5 500 (USD 87)), with a minimum threshold of RUB 10 per tonne.