Dmitry Patrushev

Russia will not lift tariffs on grain exports

Russia will raise export duties Grains do not refuse, Russian Agriculture Minister Dmitry Patrushev said during an extended session of the State Duma Committee on Agricultural Issues.

We will not cancel any duties. The fee is a mechanism that allows you to solve the inner price from the outside.

Dmitry Patrushev

Minister of Agriculture of the Russian Federation

The minister recalled the dynamic calculation of the toll, linked to global grain prices. “Let's say for Corn Taking into account the external price of the world, the tax is now zero. And if the wheat fee at the beginning of the year 7,5 thousand Rubel pros Tonne “It was now just over 2 thousand rubles,” he said.

Flexible export duties apply in Russia Wheat, Corn and Barley, which work as part of the grain steamer mechanism. For the calculation, data on the price of export contracts registered on the exchange and the average Dollar– / ruble rate used, which is set by the Bank of Russia five working days before the settlement date. The funds received are distributed in the form of subsidies to the producers of Wheat, Rye, corn and Feed barley returned to the subjects of the Russian Federation and distributed depending on the volume of production.

Source: Premium (Russian)

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