Russia renounced the duty on wheat export

According to the Russian Government, our country forever renounced the duty on wheat export. This was officially stated by Deputy Prime Minister Arkady Dvorkovich. However, it was reported earlier that Russia could revert to the use of such a mechanism in case of a sharp growth of the dollar towards the ruble or crop failure in order to leave the grain in the country.

It should be recalled that from 23 September 2016 the duty on wheat and grain crop exports in Russia was zeroed.

In the current year the Russian Federation has ranked third in the world in the wheat export. The record harvest of grain crops is supplemented by achievements in a number of other crops.