Russia: The Ministry of Agriculture proposes to establish a quota for the import of seeds

Published 2022년 8월 31일

Tridge summary

The Ministry of Agriculture in Russia is proposing a quota for the import of seeds for several agricultural crops and a ban on imports from certain countries due to restrictions from these countries. The volume of the quota and the specific ban list have not been determined yet. Alexander Korbut, Vice-President of the Russian Grain Union, believes that the measure will disrupt the plans of agricultural producers and could lead to a monopoly and price increase for seeds that do not fall under the quota.

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

Original content

The Ministry of Agriculture proposes to establish a quota for the import of seeds of potatoes, sunflower, wheat and meslin, rye, barley, corn, soybeans, rapeseed and sugar beets. The corresponding draft government decree is published on the portal of regulatory legal acts. The measure is expected to be in effect until the end of 2022. The volume of the quota has not yet been set, it will be determined by the Ministry of Agriculture together with the Federal Antimonopoly Service and the Ministry of Economic Development. The document proposes to ban the import of seeds of these agricultural crops from the USA, EU countries, Canada, Australia, Norway, Ukraine, Albania, Montenegro, Iceland, Liechtenstein, Great Britain and Northern Ireland. The comments to the draft resolution say that in recent years Russia has become highly dependent on the supply of foreign seeds. “In the context of the establishment of restrictions by unfriendly states on the import of certain types of ...

Source: AgroInvestor