Russia to introduce fixed export duties on several grain legumes

Published 2024년 12월 28일

Tridge summary

Starting from January 1, 2023, the Russian government will replace the current flexible export duties on leguminous crops (peas, chickpeas, and lentils) with a fixed 5% export duty. This change will apply to exports to countries outside the Eurasian Economic Union, while exports within the Union will continue to be subject to regular rates. The new policy is aimed at stabilizing the balance between export and domestic consumption of these crops. Currently, the export duty ranges from 4 to 7 percent, depending on the ruble exchange rate.

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Original content

Starting next year, the Russian government will introduce fixed export duties on three types of leguminous crops – peas, chickpeas and lentils. This was reported by the press service of the Cabinet of Ministers. Tariff rates for these crops will be 5 percent. Today, flexible export duties are applied to the export of leguminous crops abroad, which, depending on the ruble exchange rate, range from 4 to 7 percent. This concerns the supply of products outside the friendly countries of the Eurasian Economic Union. This means that leguminous crops will be moved within them under normal conditions. The ...

Source: Rosng