Russia: The distribution of the first part of additional quotas for grain exports totaling 2.4 million tons has been completed
Wheat
Published Mar 27, 2024
Tridge summary
The Russian Ministry of Agriculture has successfully allocated the first portion of additional tariff quotas for the export of key grains including wheat, meslin, barley, rye, and corn, amounting to 107,467,538 kg. This allocation is part of a larger plan to distribute 2.4 million tons of grain to non-EAEU countries from February 15 to June 30, 2024, accounting for 10% of the total export quotas. These quotas were assigned to organizations based on their previous export volumes, with a cap at 45% of their primary quota. This move follows a government decree from December 23, 2023, which set a total grain export quota at 24 million tons, initially shared among 261 exporters. The additional quota for 2024 will be distributed in two phases, with the second phase's allocation to be decided in April, taking into account any voluntary quota surrenders by the exporters.
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
The Russian Ministry of Agriculture distributed among participants in foreign trade activities an additional part of tariff quotas for the export of wheat and meslin, barley, rye and corn from the country in the amount of 107,467,538 kg. Thus, the distribution of the first part of additional quotas, amounting to 10% of the total volume of tariff quotas (2.4 million tons), has been completed. The additional part is issued on the basis of an application from an organization that already has the bulk of grain export quotas. Moreover, its volume for the exporter cannot exceed 45% of the size of the main part received by him earlier. According to the decree of the Government of the Russian Federation dated December 23, 2023, tariff quotas for the export to other states that are not members of the EAEU, wheat and meslin, rye, barley and corn from February 15 to June 30, 2024 were set at 24 million tons. The bulk of them was distributed by order of the Ministry of Agriculture dated ...
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