The EU increases grain imports from Russia before tariff hikes

Published 2024년 8월 22일

Tridge summary

In June, the European Union nearly doubled its imports of Russian grain to 11.8 million euros, up from 6.5 million euros in May, with the physical volume rising to 43.4 thousand tons from 32.8 thousand tons. Wheat imports surged 2.4 times to 9 million euros, and buckwheat imports increased 2.6 times to 720 thousand euros. Italy was the largest importer, increasing its purchases fivefold to 7.2 million euros. However, starting July 1, the EU has imposed higher duties on grain, oilseeds, and processed products from Russia and Belarus, which can reach up to 95 euros per ton or 50% of the product's cost.

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Original content

The European Union almost doubled its imports of Russian grain in June before raising import duties, according to Eurostat data available to RIA Novosti. At the beginning of summer, the EU imported grain from Russia for 11.8 million euros, which is almost twice as much as in May (6.5 million euros). The volume of imports in physical terms also increased, amounting to 43.4 thousand tons in June compared to 32.8 thousand tons in May. Wheat imports increased 2.4 times to 9 million euros, and buckwheat imports increased 2.6 times to 720 thousand euros. Eurostat noted that Italy became the main importer in June, increasing its purchases fivefold to 7.2 ...

Source: Zol