News

Russia will impose a 25% tariff on exports of shelled pine nuts starting this year!

Pine Nut
Russia
Regulation & Compliances
Market & Price Trends
Published Feb 27, 2024

Tridge summary

Russia has announced plans to impose a 25% tariff on shelled pine nut exports from August 1, 2024, which will rise to 50% from August 1, 2025. The minimum tariff will be 80 euros per ton, increasing to 160 euros per ton in 2025. This move is aimed at encouraging domestic processing of pine nuts. China, the largest importer of Russian pine nuts, imported over 21,000 tons in 2022 and nearly 8,000 tons in 2023.
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

Recently, the Russian authorities announced plans to impose tariffs on exports of shelled pine nuts starting from August 1, 2024. The Russian Ministry of Economic Development stated that from August 1, 2024, the export tariff of shelled pine nuts will be 25%, not less than 80 euros per ton; from August 1, 2025, the export tariff of shelled pine nuts will be 50% within one year, with a price of not less than 80 euros per ton. Ton is not less than 160 euros. According to reports, this measure is intended to stimulate producers to process pine nuts domestically in Russia. my country's domestic pine nuts mainly come from the jungles of the three northeastern provinces and the Inner Mongolia Autonomous Region. In 2021, the shell nut production will be 55,000 tons. The imported pine nuts on the market are mainly cedar pine nuts from Russia and Mongolia, and gray bark pine nuts from Afghanistan and Pakistan. Russia is the world's major pine nut consumption and supply market, and China is ...
Source: Guojiguoshu
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