Export duty on Russian wheat has been doubled to €50 ($60.44) per ton from March 1. It will remain in force until a permanent floating tax is imposed in June.
The levy was introduced in February in a bid to protect domestic supply and stabilize the prices for flour and bread, and will be applied for certain grains under an export limit of 17.5 million tons for the remainder of the marketing year during the current season. The wheat tax does not apply to member countries of the Eurasian Economic Union.
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