Russia sets 5% export duties on peas, chickpeas and lentils

From January 1, the export duty on peas, chickpeas and lentils will be permanently effective in Russia. It will apply to deliveries outside the EAEU and will amount to 5% of the customs value, according to a statement on the russian government’s website. “This will allow to support a rational ratio of exports of pulses crops and domestic consumption,” the document says. Until the end of 2024, flexible export duties are applied to the export of pulses: depending on the ruble exchange rate, they range from 4% to 7%. “Despite the good harvest of grain pulses according to Rosstat, their export this year is very difficult for a number of reasons,” Dmitry Rylko, general director of the Institute for Agrarian Market Conjuncture (IKAR), told Agroinvestor. – In particular, supplies of peas to China are failing, and chickpeas are not going well on export”. According to him, the duty of 5% in any case will have a negative impact on the market – in conditions of tough competition with ...