Between February 15 and June 30, 2024, Russia will allocate a grain export quota totaling 24 million tons. This allocation comes from a government decree issued and signed by Prime Minister Mikhail Mishustin, and it was published on the official portal for legal information. The decree clarifies how much grain can leave Russia for non-European Union markets during this period, aiming to regulate shipments and provide predictable supply levels for international buyers.
The document specifies a tariff quota for the export of wheat and meslin, rye, barley, and corn from Russia to non-EU countries within the February 15 to June 30 window, set at 24 million tons. This figure represents the cap on exports under the quota, forming a key component of Russia’s trade management strategy for grain during this time frame. The approach balances domestic supply needs with international demand, while aligning with broader economic and political considerations that influence grain trade flows.
In a related development, President Vladimir Putin signed legislation that broadens the government’s authority over export policies. The new law empowers the state to adjust export taxes or even suspend them on goods sent to friendly countries. This move is often viewed as a tool to support strategic partners and stabilize pricing and supply relationships during periods of market volatility or geopolitical tension. The change signals a more proactive role for the government in shaping international trade terms for essential commodities.
On the diplomacy front, Russian Foreign Minister Sergei Lavrov indicated that Tunisia has expressed interest in expanding grain deliveries from Russia. Moscow signaled willingness to meet this demand, highlighting ongoing efforts to diversify markets and reinforce bilateral trade ties with nations seeking reliable food supplies. Such statements reflect a wider pattern of engagement with regional partners as global grain dynamics evolve.
Earlier this year, the Russian government announced a temporary policy adjustment that effectively eliminated customs duties on certain poultry imports. This policy shift appears aimed at adjusting consumer prices and ensuring a steady flow of agricultural products into the domestic market, while also signaling flexibility in tariff treatments for different categories of agricultural goods. The cumulative effect of these measures illustrates a coordinated set of tools the government uses to manage food security, market stability, and international trade relationships during a period of rapid change in global commodity markets.