Russia Wheat insights

Russia will celebrate the New Year holidays from January 1 to January 8. From December 31, 2025, to January 12, the benchmark price for Russian wheat and mixed wheat is $228.4 per ton, with an export tariff of 97.3 rubles/ton, while the benchmark price last week was $227.9 per ton, with an export tariff of $109.1; from December 10 to December 24, the export tariff is zero. From July 9 to August 5, Russia will reduce the wheat export tax to zero, and the week of August 15 will also have a zero tax. For reference, the tariff in January is as high as 4699.6 rubles ($59.87) per ton. The benchmark price for barley is set at $219.3 per ton, with an export tariff of 0; the benchmark price for the previous week was $219.2, with an export tariff of 0. The benchmark price for corn is $200.9 per ton, with an export tariff of zero rubles/ton; the benchmark price for the previous week was $202.0, with an export tariff of zero rubles/ton. On July 24, 2025, the Russian Ministry of Agriculture raised the threshold price for corn and barley tariffs by 1,000 rubles/ton, from 16,875 rubles to 17,875 rubles/ton, effective immediately. On June 21, 2024, the Russian Minister of Agriculture announced that the adjusted grain tariff threshold prices will take effect from July 1, 2024. On May 31, 2024, the Russian Ministry of Agriculture raised the price base for calculating grain tariffs by 1000 rubles/ton, with the wheat tariff threshold price rising from 17,000 rubles/ton to 18,000 rubles/ton; the tariff threshold for corn and barley was raised from 15,875 rubles to 16,875 rubles/ton. On May 29, 2023, the Russian government raised the grain tariff threshold prices by 2000 rubles/ton. Starting from June 1, 2023, the base price for calculating wheat tariffs was raised from 15,000 rubles to 17,000 rubles/ton, and the export base for corn and barley was also raised by 2000 rubles to 15,875 rubles/ton. On June 30, 2022, Russia announced that from July 6, 2022, it would change the tariff calculation from dollars to rubles. The calculation formula is to subtract the base of 15,000 rubles/ton from the wheat benchmark price and then multiply by 70%. The benchmark price for wheat is calculated by the Moscow Exchange based on the FOB contract prices reported by exporters. The export base prices for barley and corn were also changed from $185/ton to 13,875 rubles, with the tax calculation formula being to subtract 13,875 rubles from the benchmark price and then multiply by 70%. The Russian Ministry of Agriculture implemented the formula-based tax calculation from June 2, 2021. On Monday, the Russian ruble exchange rate was 78.18 rubles to 1 US dollar, compared to 79.28 a week earlier. Note: 1 US dollar is equal to 78.18 rubles.

The export duty on wheat from Russia will be 97.3 rubles per tonne starting from January 12, 2026, reports the Ministry of Agriculture. This is 10.8% less than the current rate of 109.1 rubles per tonne, which is in effect until January 11. Export duties on barley and corn will remain at zero, a level they have been at for a long time. The rates were calculated based on indicative prices: $228.4 per tonne for wheat ($227.9 for the previous period), $219.3 for barley ($219.2), and $200.9 for corn ($202). As explained by the Ministry of Agriculture, the rates announced on December 26 will be applied for only two days - from January 12 to January 13 inclusive, and those published on December 30 - from January 14 to January 20 inclusive. Russia introduced the grain buffer mechanism on June 2, 2021. It provides for floating export duties on wheat, corn, and barley and the return of funds received from them to subsidize agricultural producers. The size of the ...

The Government of the Russian Federation will increase the amount of funds for preferential lending to agricultural producers by an additional 5 billion rubles. The cabinet named two main tasks that will be solved thanks to this support. In Russia, after the New Year holidays are over, the export duty on wheat will decrease by almost 12 rubles. Also, indicative prices for all major grains, except corn, will continue to grow. Russia and Japan have not agreed on mutual quotas for fishing in 2026. One of the Russian experts called the situation problematic specifically for the Japanese side. In January, the export duty on sunflower oil in Russia will increase by more than 1 thousand rubles. At the same time, tariffs on meal will be zeroed for the first time in over 3 years. China accounts for every third ton of Russian meat exports, said the head of the Rosselkhoznadzor, Sergei Dankvert. He also shared other successes in bilateral trade cooperation.