Russia swings changes to wheat export quotas, imposes more duties on exporters

게시됨 2024년 12월 3일

Tridge 요약

Russia, the world's largest wheat exporter, is implementing permanent measures to control inflation and secure domestic supply by reducing its wheat export quota and increasing duties for exporters. The quota will be cut from 29 million tonnes to 11 million tonnes for the period from February 15 to June 30, and duties will increase around $A9 a tonne. These measures will not apply to other Eurasian Economic Union countries. The government will also ban exports of barley, corn, and ryle for the February-June period. The Ukrainian Agri Council is calling for a ban on Russian food exports, arguing that they are being used as a political tool. Meanwhile, Egypt, the world's largest wheat importer, is aiming for wheat self-sufficiency and has announced plans to import 12.5 million tonnes of wheat for the 2023-24 marketing year.

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원본 콘텐츠

While international grain markets continue to remain basically becalmed there is growing interest in Russian government policy and its potential impact on prices into 2025. Russia, the world's largest wheat exporter, has put a hard handbrake on its wheat export program via its export quota system as it battles to control spiralling inflation. The wheat export quota was implemented in 2020 in a bid to secure domestic supply and is now a permanent measure with the Russian government. It comes as exporters set a record pace in moving out the wheat from harvest in the northern hemisphere summer to now, in spite of a smaller crop than recent years. Commonwealth Bank commodity analyst Dennis Voznesenski said the new measures would be in place for at least the first half of next year. "The Russian government is more actively taking measures to stem domestic food price inflation," Mr Voznesenski said. He also said along with the reduced quota there would be an increase in duties paid by ...

출처: Farmweekly