Russia Reduces Grain Export Duties to Zero

Russia has set grain export duties at zero beginning December 10, amid declining global grain prices.

The move reflects Moscow’s intention to bolster its competitiveness in international markets and ease the burden on exporting companies during a season marked by significant price pressures.اضافة اعلان

In a press statement, the Russian Ministry of Agriculture said Moscow plans to export between 53 and 55 million tons of grain during the current season, noting that Russian wheat prices have fallen for the third consecutive week due to abundant global supply and increasing competition.