Russia lifts wheat export duty

Russia lifts wheat export duty

Russia's government has decided to lift a wheat export duty.


"The decision has been taken about the abolition of the export duty on wheat," Interfax cited the government's message posted on its Twitter page.


The Agriculture Ministry recently proposed to create a new formula of payment for wheat exports, under which the minimum export payment will stand at 1 euro, while the maximum rate will be defined depending on market situation.

 

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