The Russian Government has amended the method for calculating wheat export duty that was in force from 1st July 2015. The government has increased the deductible portion of the wheat export duty from 5,500 rubles ($83.9) to 6,500 rubles ($99.1) per 1 metric ton (MT) and decreased the minimal amount of the duty from 50 rubles ($0.8) to 10 rubles ($0.15) per 1 MT. This new duty will apply to wheat exports starting on or after 1st October 2015.
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