Russia Hikes Wheat Export Tax by 41% Amid Closed-Door Talks with Exporters

Russia has raised its wheat export tax by 41%, from 1,328.30 rubles to 1,872 rubles ($333) per metric ton, effective October 16, 2024. This change comes as the Agriculture Ministry held a private meeting with major exporters to discuss this year’s sales. The tax hike reflects higher prices for Russian wheat in Saudi Arabia’s recent […]