Export duty on grain is proposed to be abolished in Russia

Arkady Zlochevsky, head of the Russian Grain Union, suggests abolishing export duties on grain due to the enormous financial costs faced by agricultural producers, World of NAN reports with reference to rosng.ru.

According to him, since the launch of this mechanism agrarians have lost more than one trillion rubles. Zlochevsky also reminded that this situation negatively affects the prices on Russian and world grain markets. According to him, they are not expected to grow this season. Now they have fallen to $280 per ton and may go down even more. In Russia, the problem is aggravated by growing costs on transportation, sea transshipment of grain, and other operations with it, which has been mentioned earlier by other experts. It is the abolition of duties that the head of the Union considers a way out of this situation.

Now the duty on wheat and meslin is 5,179.4 rubles, on barley - 799.4 rubles, on corn - 2,943.6 rubles. As a reminder, for all the above-mentioned grains it makes 70% of the difference between base and indicative prices.

In case of abolition of export duty in Russia, grain prices will fall sharply, and Kazakh farmers will again suffer from low prices.

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