Russia proposed to abolish export duties on corn for popcorn

Published 2021년 4월 12일

Tridge summary

The Russian Ministry of Economic Development and Trade is proposing to exempt popcorn corn from export duties, as per a recently published draft resolution. Despite domestic popcorn consumption being only about 13 thousand tons annually, with an additional 17 thousand tons produced for export, the quality of the domestic corn meets global standards and is exported at over 50%. The ministry believes that this exemption could boost popcorn production and exports. The draft resolution follows the recent introduction of export duties on wheat, barley, and corn by the Russian government.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The volume of popcorn production in the Russian Federation is about 30 thousand tons per year The Ministry of Economic Development and Trade came up with a proposal to exclude corn for popcorn from goods subject to export duties. The corresponding draft resolution of the Russian government has been published on the federal portal of draft regulatory legal acts. "The draft decree of the government of the Russian Federation in relation to the grains of bursting corn provides [its] exclusion <...> from the action of the measures of customs and tariff regulation of exports, introduced by decrees of the government of the Russian Federation," - said in the explanatory note to the document. The document also states that the consumption of popcorn in Russia is about 13 thousand tons per year, of which up to 3 thousand tons are imported. At the same time, the total volume of popcorn production in Russia is about 30 thousand tons per year. In addition, the document says that the domestic ...
Source: Specagro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.