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Russia lifts temporary ban on grain exports from July 1

 
Foodmate News: Russian media Milknews reported on July 1st: Russia’s grain export quota system implemented in April this year has officially lapsed since July 1, and the Russian Federation’s grain export is no longer restricted from July 1.

It is reported that At the end of March 2020, the Russian Federation government signed a decree on the implementation of a tariff quota system for grain exports, which stipulates that grains such as wheat, rye, barley and maize, that are exported to third countries outside the Eurasian Economic Union will be exported from April. The quota is 7 million tons. However, the application for export quotas was completed on April 26.

According to the statistics of the Russian Ministry of Agriculture, as of June 30, 2020, the export volume of Russian grain was 6.981 million tons. In the second half of 2020, Russia will implement a free grain export system.

According to the Russian Ministry of Agriculture, the Russian grain harvest is expected to reach 122.5 million tons in 2020, of which wheat is about 75 million tons. In the agricultural year 2019-2020 (July 1, 2019 to June 30, 2020), Russia's grain exports amounted to 43 million tons, while in the 2020-2021 agricultural year, it will reach 45 million tons.



Please note: This article is translated based on Google web translation software, if there is an error, please contact us as soon as possible to correct.

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