Russia will not extend the exemption for the import of eggs

Published 2024년 6월 8일

Tridge summary

The Russian authorities have decided against extending the zero duty on egg imports from friendly countries, which is set to expire in July, as the country's egg production is on the rise and poultry farms have recovered from bird flu outbreaks. The Ministry of Agriculture has fined domestic producers for price collusion and voluntary retail chains have kept markups low, leading to a stabilization in egg prices and production. In the first quarter of this year, Russia produced 10.8 billion eggs, a two percent decrease from the same period last year due to poultry farm reconstructions, and imported 400 million eggs over the first five months, mainly from Azerbaijan, Turkey, and Belarus.

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Original content

The Russian authorities do not plan to extend the preferential zero duty on the import of eggs from friendly countries, which expires in July of this year. According to Interfax, the head of the Russian Ministry of Agriculture Oksana Lut stated this at the St. Petersburg International Economic Forum (SPIEF-2024). "No no need. Everything is fine with our eggs,” she answered a corresponding question from one of the forum participants. The minister cited several reasons why the extension of this measure is no longer necessary. According to her, production volumes are growing, poultry farms that previously suffered from several outbreaks of bird flu have recovered, and many investment projects planned for the near future in the field of egg farming have received preferential financing. As for the last point, with the successful completion of such projects, domestic egg production in the country can be ensured for several years to come. The import of chicken edible eggs from friendly ...

Source: Rosng