The temporary ban on exporting rice and rice grains from Russia has been extended through June 30, 2024, with 2024 quotas for duty-free grain exports from newly designated regions approved. This information comes from the Government of the Russian Federation. (Source: Government of the Russian Federation)
The decision aims to preserve stability in Russia’s domestic grain market, ensuring predictable supply and price levels for local buyers and producers. (Source: Government of the Russian Federation)
Additionally, a separate decree set tariff-rate quotas for duty-free exports of grain products, sunflower oil, and sunflower meal from the Donetsk and Luhansk people’s republics, as well as from the Zaporozhye and Kherson regions. These measures reflect ongoing adjustments to regional trade rules in response to evolving supply and security considerations. (Source: Government of the Russian Federation)
It was noted that the ban will not apply to South Ossetia and Abkhazia, both members of the Eurasian Economic Union, and rice and rice grains may be shipped abroad to provide humanitarian aid or for international transit. (Source: Government of the Russian Federation)
The government further stated that quotas for duty-free grain exports from the new regions would remain valid until December 31, 2024. (Source: Government of the Russian Federation)
Earlier in July, the government temporarily suspended rice and rice grain exports from Russia. (Source: Government of the Russian Federation)
Subsequently, the Ministry of Agriculture proposed extending the rice export ban through the end of June 2024. (Source: Government of the Russian Federation)
Toward the end of August, Russia extended its ban on rapeseed exports through the end of the year. (Source: Government of the Russian Federation)
Following these measures, rice prices moved higher, reaching the highest levels seen in 15 years, reflecting supply constraints and market reactions to the export controls. (Source: Government of the Russian Federation)