Latvia will increase grain imports from Russia by 60% in 2023

Grains, Cereal & Legumes

Latvia

Russia

Market & Price Trends

Published Feb 15, 2024

Tridge summary

In 2023, Latvia saw a significant increase in grain imports from Russia, with a 59.9% rise from the previous year, totaling 423,732 tons and valued at 89.008 million euros. The State Revenue Service (SRS) noted that these imports become European Union goods and can circulate freely within the EU. Additionally, grain products transited from Russia through Latvia also increased 2.2 times from 2022, reaching 2.137 million tons. Despite political tensions, Latvian businesses continue to trade in Russian grain and food products, which are not subject to EU sanctions against Russia.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Grain and food products are not subject to European sanctions against the Russian Federation, and, despite political pressure, Latvian businessmen continue to work with Russian goods Last year, Latvia imported 423,732 tons of grain and grain products from Russia, which is 59.9% more than in 2022, when 265,056 tons were imported, the State Revenue Service (SRS) reported. The total value of grain imported from Russia reached 89.008 million euros. Last year, 294,844 tons of corn, 53,243 tons of rye, 74,640 tons of wheat and a mixture of wheat and rye, 986 tons of triticale and 20 tons of barley were imported from Russia. Compared to 2022, imports of corn doubled, rye - by 61.5%, wheat and a mixture of wheat and rye - by 10.2%, triticale - by 87.9%. No barley was imported in 2022. Representatives of the State Revenue Service explained that goods that have undergone the import procedure or are released for free circulation acquire the status of goods of the European Union and circulate ...

Source: Zol