The Russian Ministry of Agriculture is finalizing the mechanism of grain export quotas

The Russian Ministry of Agriculture is fine-tuning the grain export quota mechanism; the volume approved for 2024 has been used up by 76%, Agriculture Minister Oksana Lut said in an interview with the Vedomosti newspaper. The Union of Grain Exporters and Producers reported in early October that it plans to contact the Ministry of Agriculture with a proposal to change the methodology for distributing the export quota for Russian grain for the second half of the season. “The mechanism is effective, everyone is used to it. But we are, of course, fine-tuning it. Last year, let me remind you, the quota was 25.5 million tons, for 2024 it was increased by another 4 million tons. But it was only used up by 76%,” Oksana Lut said, answering a question about how she assesses the effectiveness of the grain export quota mechanism. “Those who do not use the quotas will be fined, that is, their quota for 2025 will be proportionally reduced through a correction factor. This year, we have already ...