Russia: Primorye is waiting for the weakening of corn exports

Published 2022년 5월 31일

Tridge summary

The Russian government is contemplating setting up a separate export quota for grain in the Far Eastern regions. This comes as the government aims to prioritize domestic food supply due to sanctions and disrupted supply chains. The Ministry of Agriculture also plans to maintain existing bans on grain and certain oilseed exports, and may introduce new bans. Despite this, export duties on corn from the Far East will remain. The domestic market has seen a slight increase in producer prices for grain since the beginning of 2022 due to previous restrictive export measures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Today, grain is primarily sent to the domestic market, the Far East is promised export preferences The Government of the Russian Federation is considering the possibility of introducing a separate export quota of grain for the Far Eastern regions, IA PrimaMedia reports. At the same time, against the backdrop of sanctions and the collapse of supply chains, the priority for the industry remains to provide food primarily to the domestic market, and export regulation will be tougher. It is planned not only to maintain the existing bans on the export of grain and some types of oilseeds, but also to introduce new ones. “From the point of view of quotas, we will try to allocate a separate quota next year. Accordingly, there will be a separate quota for the Far East, according to which you can export without taking into account historical principles and everything else,” said Dmitry Patrushev, head of the Russian Ministry of Agriculture, at the All-Russian Grain Forum in Sochi . At the ...

Source: Zol