News

Russian farmers again demanded the abolition of export duties on grain

Grains, Cereal & Legumes
Russia
Regulation & Compliances
Market & Price Trends
Published Feb 28, 2024

Tridge summary

The Association of Peasant Farms and Agricultural Cooperatives of Russia (AKKOR) is urging for the removal of the grain export duty, blaming it for the falling profitability in agriculture. AKKOR's President, Vladimir Plotnikov, pointed out the growing disparity in prices and the decreasing profitability as major concerns for agricultural producers. Despite an increase in food exports, farmers are experiencing financial difficulties due to dropping sales prices and escalating production costs. The call to abolish the grain export duty has been a recurring topic in the last two AKKOR congresses held in 2022 and 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

Moscow. February 27. INTERFAX.RU - AKKOR (Association of Peasant Farms and Agricultural Cooperatives of Russia) once again announced the need to abolish the grain export duty. The organization considers this measure one of the main reasons for the decline in agricultural profitability, “If we analyze the reasons for the decrease in profitability, then one of the main ones is the grain export duty. Currently, this is the most popular and pressing issue for agricultural producers: with such a sharp disparity in prices and a decrease in profitability, it is necessary to reset the export duty,” said AKKOR President Vladimir Plotnikov on 35 -th congress of the association. According to him, over the past two years, farmers have produced almost 300 million tons of grain, a historical record. "Food exports are growing significantly, but the peasant is not getting richer, he is getting poorer. Because sales prices have fallen significantly, continue to fall, production costs have risen ...
Source: Interfax
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