Russia suspends grain export duties until 2026

Russia has decided to lift export duties on grains, including wheat, barley, and corn, until the end of 2026, in an effort to support producers and exporters and to strike a balance between protecting the domestic market and facilitating exports. This decision marks a significant shift in Moscow's policy toward grain exports, as it reduces costs for Russian exporters and enhances their competitiveness in global markets. The move comes as part of efforts to reorganize logistical pathways and ease bottlenecks, especially given Russia's status as one of the major wheat exporters. This could impact the global grain market and prices, particularly in the Middle East and North Africa, which heavily depend on grain imports from the Black Sea region.

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