The Russian government has decided to temporarily zero out duties on imports of chicken eggs

Published 2023년 12월 13일

Tridge summary

The Russian government plans to temporarily reduce the customs duty on imported chicken eggs from January 1 to June 30, 2024, in order to stabilize the domestic market and increase supply. The decision was made in response to a 15% increase in egg prices in November 2023, during which inflation rate was far lower. The increase in egg prices is attributed to higher demand, decreased industrial production, and occasional bird diseases. In addition to zeroing the duty, the government is negotiating with foreign partners to increase egg purchases and is considering other measures to reduce prices for key goods and maintain a stable exchange rate.

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Original content

The Russian government supported the idea of temporarily introducing a zero customs duty rate on the import of chicken eggs. This was reported on Wednesday, December 13, by the press service of the Ministry of Economic Development. “The decision will help in the short term to balance the domestic market for edible eggs and ensure supply growth. Imports can be made from friendly countries,” the press release says. Currently, when importing eggs from abroad, companies are charged a fee of 15% of the cost of the product. The authorities are going to completely exempt businesses from this payment from January 1 to June 30, 2024. During the period of the initiative, it is planned to import about 1.2 billion eggs into the country. At the same time, to receive the benefit, suppliers will need to confirm the intended purpose of the imported goods. Along with zeroing duties, Moscow is now negotiating with some foreign partners to increase egg purchases. Additional volumes of products may ...

Source: Russianrt