Russia says it will adjust grain export duties but not cancel them

Russian Agriculture Minister Dmitry Patrushev said on Wednesday that Russia will adjustgrain export duties but will not cancel them.

His comments followed criticism of the duties from farmers, against a background of falling world prices for grain.

Patrushev said duties had been adjusted at the start of the last season, and would be again for the new season, but did not mention specific figures.

“We are trying to lower the financial burden on producers of grain. Based on this, we will adjust the duty. But we will not cancel it,” he said.
Source: Reuters (Reporting by Olga Popova, writing by Mark Trevelyan; Editing by Kevin Liffey)