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The Russian Ministry of Economic Development has drafted amendments to the customs tariff law allowing the government to temporarily reduce export duties for exports to friendly countries and fully waive them for goods from certain regions. The cap on non-base export duties would be six months.
Fuel, wheat, timber and ferrous scrap are named as the most significant products subject to export duties.
Greater flexibility in Russian export duties could alter the price competitiveness of Russian wheat in specific destinations, adding policy uncertainty to export pricing.
savingurals.comNov 2, 2026After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
