The Ministry of Agriculture of the Russian Federation proposed an additional allocation of 4 million tons within the scope of the grain export quota introduced on February 15. writes about this RIA News Based on the cabinet decision.
At the end of December, a 24 million-ton grain export quota from Russia was approved for the first half of 2024. Prime Minister Mikhail Mishustin signed the relevant decree, which was published on the official legal information portal. A law was also passed giving the government additional powers to manage customs duties on exports of goods to friendly countries.
Now the Ministry of Agriculture proposes to increase this volume to 28 million tons.
The quota will be valid for countries outside the EAEU until 30 June 2024.
At the end of last year, experts from the Institute of Agricultural Market Research (IKAR) assumedIt is predicted that Russia can increase its wheat exports in the July-December period to a record 36.7 million tons in 2023, after 29.8 million tons in the same period of 2022. According to ICAR, such volumes could allow the Russian Federation to increase its share of the world wheat market from 22% to 25% last season.
Previously Lavrov appreciated Achievements of agricultural production in Russia.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.