the Export duty on wheat to zero. This was stated by the Minister of agriculture of Russia Alexander Tkachev channel “Russia 24″, reports “Interfax”.
the Press service of the Ministry said that the fee is reset to zero from September 23. According to the forecast Tkachev, grain exports this year will amount to 35-40 million tonnes.
that the export duty on wheat will be cleared to July 2018, following the meeting with Deputy Prime Minister Arkady Dvorkovich reported in late August, the Deputy head of the Ministry of agriculture Dzhambulat Hatuov.
the meeting discussed and the option of full cancellation of duties, but in the end it was decided to abolish its rates, said the President of the Russian grain Union Arkady Zlochevskiy. “The decision is quite positive for the market and enhancing exports”, he noted.
As he wrote RBC, the cancellation fee should help to increase the export of grain, the amount of which, as of mid-July 2016, was reduced in comparison with the previous year by 7.4%. Grain harvest in the current year significantly exceeded the indicators of last year, leading to lower prices. From the data of the Ministry of agriculture suggests that, on 29 August, Russia had harvested 89.3 mn tonnes of grain (24% more than it was by this time in 2015), including wheat – 61.8 million tons (increasing by 29.56%).
the Government decided to introduce a duty on wheat exports in December 2014. Duty was introduced in February 2015. The measure was intended to stabilize the situation on the domestic market.
In October last year the Cabinet reduced the duty from 50 to 10 rubles per ton. In addition, from the scope of the duties it was bred durum wheat, which is in particular used for the manufacture of pasta.
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