Russia: The industry union proposed increasing import duties on potatoes

Published 2024년 1월 25일

Tridge summary

The Potato Union in Russia is advocating for an increase in import duties on potatoes and related products to safeguard the domestic market, following a record harvest. The union is urging the State Duma to raise import duties to facilitate sales opportunities, as the industry is currently grappling with issues arising from additional customs duties on potato and vegetable exports. Currently, the import duty on potatoes stands at 5%, but the Potato Union has previously suggested a hike to 15%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Potato Union is proposing to increase import duties on potatoes and their products to protect the domestic market amid a record harvest. The head of the union’s apparatus, Tatyana Gubina, said this at the plenary session of the exhibition “Potatoes and Vegetables Agrotech,” writes field.rf. According to her, the industry is now facing serious problems, with additional customs duties on the export of potatoes and vegetables. “At the same time, import duties on these products and their processing are not increasing. We are turning to the State Duma with a proposal: protect our market. Let's increase import duties to create sales opportunities. The dollar exchange rate is growing, and, unfortunately, we cannot compete due to customs duties on exports,” Gubina emphasized. Currently in Russia there is an import duty on potatoes of 5%. Previously, the Potato Union had already proposed raising the rate to 15%. In October last year, Gubina said that flexible export duties, which came ...
Source: AgroInvestor

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