June 19, 2025 | 09:41 GMT +7
June 19, 2025 | 09:41 GMT +7
Hotline: 0913.378.918
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.
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.
(Agri Census)
(VAN) To address plastic pollution, closing the plastic recycling cycle will bring significant economic and environmental benefits.
(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.
(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.
(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.
(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.
(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.
(VAN) Establishment of the Mekong Delta Regional Agricultural Linkage Center, aiming for a closed value chain, deep processing, trading platforms, and international market connectivity.