Sino-Russian Information Network Moscow: According to the Interfax news agency, the Russian National Credit Rating Agency (NKR) predicts that Russian agricultural producers may lose 10-15% of their income due to grain export tariffs.

The agency reported that due to the depreciation of the ruble and the lack of domestic products, the price of chemical fertilizers and farming costs in Russia have risen, and logistics costs have also increased. The debt burden of grain producers (EBITDA/EBITDA) will increase 0.5-1 from the current 5.4 due to the decline in income.

Experts said that the increase in the debt burden of agricultural producers will further slow down the development of the agricultural industry and lead to a decline in the company's credit capacity. The restrictive measures taken by the Russian government may reduce grain exports by more than 10%. In addition, due to concerns about food shortages during the COVID-19 pandemic, many countries have completed their expansion of grain reserves. Russia may soon lose its grain price advantage and its leading position in the global grain market in the first nine months of 2020.

According to reports, the Russian government intends to impose a quota limit of 17.5 million tons on grain exports from February 15 to June 30, 2021. The export tariff for wheat within the quota is 25 euros per ton, with an additional tariff rate of 50%. The tariff shall not be less than 100 Euros/ton.

---

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.

Business Division of Food Safety and Regulatory Compliance of Global Foodmate provides food standards & regulations research, labelling compliance consulting/Chinese label design, industry public opinion monitoring and analysis, registration services (of Infant formula, FSMP, Health food, Novel Food Ingredients, Novel Food Additives, New Varieties of Food-Related Products and Overseas manufacturers of imported food) and other comprehensive food safety solutions for domestic and overseas enterprises and institutions in food industry. 

Please feel free to contact us: +86 10 68869850, E-mail: global_info@foodmate.net