The Russian government has imposed export duties on grain legumes

Starting from January 1, an export duty on peas, chickpeas and lentils will be in effect in Russia on a permanent basis. It will apply to deliveries outside the EAEU and will amount to 5% of the customs value, according to a message on the government website. “This will help maintain a rational ratio between the export of leguminous crops and domestic consumption,” the document says. Flexible export duties will apply to the export of leguminous crops until the end of 2024: depending on the ruble exchange rate, they range from 4% to 7%. “Despite a good harvest of leguminous crops according to Rosstat, their export this year is going with great difficulty for a number of reasons,” Dmitry Rylko, CEO of the Institute for Agricultural Market Studies (IKAR), told Agroinvestor. “In particular, pea deliveries to China are disrupted, and chickpeas are not exporting very well either.” According to him, the 5% duty will in any case have a negative impact on the market - in the conditions of ...