Russia Drops Wheat Export Duty to Zero in Bid to Boost Sales
Wheat harvest in the Siberian Novosibirsk region.
Photographer: Vladmimir Nikolayev/AFP/Getty Images
Russia lowered its weekly wheat export duty to zero for the first time since it was introduced in June 2021 as it attempts to kick-start sluggish sales.
The Russian agricultural ministry set the duty at zero from July 9 to July 15, down from 56.3 rubles ($0.70) per ton in effect from July 2 through July 8.