The size of the limit that the EU plans to introduce for the import of Russian grain has been announced

Published 2024년 3월 19일

Tridge summary

The European Commission is reportedly planning to vote on a proposal to increase the price of grain imports from Russia and Belarus by 50%, as per a letter reported by the Financial Times. Additionally, a 50% tariff is expected to be imposed on vegetable crops and their processed products. Despite Russia's competitiveness in grain markets, it has already blocked most of its food imports from the EU. By 2023, the EU's imports from Russia, including grains and bean crops, are projected to reach a record 4 million tons, making up 1% of the EU's total exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is reported by the Financial Times in a letter sent to Dzherel. According to the words of the European Union, in the coming days the European Commission will vote on the price of 95 €/t for grain from Russia and Belarus. We will increase prices by 50% in order to reduce the cost. Tariffs of 50% will also be imposed on vegetable crops and their processed products. By 2023, imports from Russia of grains, bean crops and other related products will have hit a record 4 million tons, which will become 1% of total exports in the EU. The EU representative noted that grain prices are at almost a minimum, while Russia is “even ...

Source: AgroPortal.ua