On Friday, Russia officially announced its new export tariffs. We remind you that the floating tariffs on the export of Russian grain are in force from June 2, 2021, and the Ministry of Agriculture determines their amount every week.

Thus, for the period from June 28 to July 4, 2023, the duty on wheat exports from Russia will be 2,473.3 rubles ($29.21) per ton, and that on corn - 937.8 rubles ($11.08) per ton. For barley, the duty continues to be zero.

The export duty rate for wheat was calculated at an indicative price of $244.4 per tonne, for barley at $177.9 per tonne and for maize at $204.9 per tonne.

The subject of Russian exports continues to be critical in the talks with UN representatives for the continuation of the Black Sea Corridor. Last week, when asked about the future of the agreement, Sergey Lavrov said that the Ukrainian part of the deal had been turned into a trade project, with only 3% of the grain going to the poorest countries.

"Furthermore, the situation with the Russian fertilizer and feed part of the package deal has not progressed at all," he concluded.

At the same time, the agrarian ministers of Hungary and Poland are developing a proposal to expand the Black Sea deal by adding more sea routes to it.

The efforts of Hungary and Poland in this matter are due to the fact that these countries are used as the main transit centers for Ukrainian agricultural products transported by land. Much of this supply misses its destination and ends up in Central European markets, where it is sold at dumped prices, damaging local agriculture.

Hungarian Minister Istvan Nagy said that "Solidarity Lanes - land routes for transporting Ukrainian grain through Central Europe - have failed to fulfill their intended purpose, as the grain does not go beyond Ukraine's neighboring countries."

"Our new proposal will help reduce the burden on overland routes and ease the pressure on the EU's internal markets," Nagy added.