June 19, 2025 | 09:41 GMT +7

  • Click to copy
Sunday- 17:01, 30/05/2021

Russia publishes new export taxes for wheat, corn and barley

(VAN) The Russian agriculture ministry has revealed details of its new floating tax for agriculture exports that will cover the upcoming week of June 2-8,

according to an official note published on Friday, confirming that wheat duties are set to fall but corn and barley duties will rise sharply.

corn in Russia. 

corn in Russia. 

The wheat tax was put at $28.10/mt and is due to come into force from June 2, with the figure marking a substantial $32.59/mt decline compared to the current taxation arrangement.

The duty is calculated from a formula, whereby exporters will have to stump up 70% of the difference between a floor price and a floating index price calculated by a panel of industry experts and published by the Moscow Exchange (MOEX).

For wheat, the 7-day average index according to MOEX values is $240.20/mt.

The tax for barley has increased from $12.14/mt to $39.60/mt, based on an average index price over the last seven days of $241.70/mt.

Corn export duties jumped to $52.20/mt from the current $30.35/mt, according to an index set at $259.70/mt.

Taxes are to be updated at the end of each week and will come into force on the third working day after each publication.

Author: Tran Quoc Doanh

(Agri Census)

Find solutions to close the plastic recycling cycle in Vietnam

Find solutions to close the plastic recycling cycle in Vietnam

(VAN) To address plastic pollution, closing the plastic recycling cycle will bring significant economic and environmental benefits.

Export turnover of Binh Thuan dragon fruit increases by more than 20%

Export turnover of Binh Thuan dragon fruit increases by more than 20%

(VAN) According to the Binh Thuan Department of Industry and Trade, in the first five months of 2025, Binh Thuan's dragon fruit export turnover increased by 20.65% compared to the same period last year.

EU approves new tariffs on Russian fertilizer imports

EU approves new tariffs on Russian fertilizer imports

(VAN) EU countries on Thursday gave final approval to new tariffs on fertilizer imports from Russia, a move aimed at cutting off revenue that could support Moscow’s war in Ukraine, despite concerns from European farmers.

Comprehensive, multi-sectoral cooperation between Vietnam and the Netherlands

Comprehensive, multi-sectoral cooperation between Vietnam and the Netherlands

(VAN) The working delegation from the Ministry of Agriculture and Environment conducted an important trip to the Netherlands to strengthen strategic partnerships and sustainable development in the agricultural sector.

First Prize at the 2025 UPU Contest: The ocean has plea, it’s time for humanity to act

First Prize at the 2025 UPU Contest: The ocean has plea, it’s time for humanity to act

(VAN) The letter ‘A Plea from the Ocean’ not only evokes emotion but also awakens the human conscience to the responsibility of protecting life on Earth.

South Africa’s poultry sector prepares for mass avian influenza vaccination

South Africa’s poultry sector prepares for mass avian influenza vaccination

(VAN) The Department of Agriculture in South Africa has announced the country’s first mass vaccination of poultry to prevent local birds from contracting avian influenza.

Vietnam to establish a Mekong Delta regional connectivity center for modern agriculture

Vietnam to establish a Mekong Delta regional connectivity center for modern agriculture

(VAN) Establishment of the Mekong Delta Regional Agricultural Linkage Center, aiming for a closed value chain, deep processing, trading platforms, and international market connectivity.

Read more