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The Ministry of agriculture of the Russian Federation will hold a meeting on the question of the fate of the export duty for wheat in mid-June 2016
The government is discussing the possibility of abolishing duties on wheat with high protein content
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The Ministry of agriculture of the Russian Federation will hold a meeting on the question of the fate of the export duty for wheat in mid-June 2016. This was announced by the head of the regulation Department of the Ministry agroprotienka Alexander Sirotkin, speaking at the XVII International grain round, told TASS.

"Was appointed a meeting on the issue of export duties. Now I can't exactly say the date of the meeting, but it will be in the middle of June," he said. The new duty on wheat exports from Russia, imposed for a year, started to operate from 1 July 2015. The reason for this was the growing activities of exporters that increased the sale of grain to foreign markets for hard currency and thus sought to gain from the sharp fall of the ruble.

The rate of duty denominated in roubles, and the size was 50% of the customs value minus 5.5 thousand rubles per 1 ton (but not less than 50 rubles per 1 ton). From 1 October, the Russian government changed the export duty on wheat. Deductible the portion was increased to 6,5 thousand roubles for ton, and the minimum amount of duty reduced from 50 to 10 rubles per ton. The question of a revision of export duties for wheat is discussed since its introduction. The Deputy head of the Ministry of agriculture Evgeny Gromyko said earlier that the Ministry analyzes the issue of revision of duties.

In addition, according to him, the Ministry is discussing the introduction of export duties on corn and barley. According to the head of the Russian grain Union (RGU) Arkady Zlochevsky, the government is discussing the possibility of abolishing duties on wheat with high protein content. However, in February 2016, the head of the Ministry of agriculture of the Russian Federation Alexander Tkachev said that the Agency sees no reason to revise the export duties on wheat, as it performs an important role given the unstable financial market.

Tkachev stressed that the export duty will not be revised at least in the first half of 2016. He later said that the Russian government will return to the issue of export duty on wheat, but while the reason for her cancellation no.

 



Translated by service "Yandex.Translation"
Источники: Agro2b
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