Egypt is studying scenarios for dealing with Russian wheat tariffs

Wheat

Egypt

Russia

Published Dec 18, 2020

Tridge summary

Government officials revealed Egypt's status of several options after the Russian government decided to set export quotas for grains (wheat, corn, and barley), from February 15, 2021 to June 30, 2021, as well as imposing customs duties on wheat exports to stabilize the prices of flour and bread. The day before yesterday, Russian Prime Minister Mikhail Mishustin issued a decision on fixing the prices of flour and bread in Russia, and the share of wheat, barley and corn exports was set at 17.5 million tons in the mentioned period.

Original content

It was also announced that a fee of 25 euros per ton of wheat exported within the export quotas was announced, as for the quantities that would be exported outside the export quotas, a fee of 50% but not less than 100 euros per ton would be imposed on them. Read also the signing of a memorandum of understanding to establish a center of excellence. In this context, Dr. Adel El-Ghandour, a member of the Association of Producers and Exporters of Horticultural Crops and a member of the Advisory Board at the Ministry of Agriculture - in special statements - confirmed that the Russian decision aims to control the rhythm of the internal market, indicating that the decision is expected and the Egyptian government is aware of it and has drawn up Take into account how to deal with it. He pointed out that Egypt imports 13 million tons of wheat annually as a result of the increase in population, noting that the Egyptian state is making the most of the cultivable land area. Read also "The rise ...

Source: Almalnews