Russia approved the introduction of an annual grain export quota

Russian Prime Minister Mikhail Mishustin signed a decree on the application of a tariff quota for the export of wheat and meslin (a mixture of wheat and rye), barley, rye and corn on an annual basis. The quota for wheat in 2022 will amount to 8 million tons, for rye, barley and corn – 3 million tons in total, according to the legal information published on Friday on the official Internet portal.

“To establish annually, from February 15 to June 30 (inclusive), tariff quotas for the export outside the territory of the Russian Federation to states that are not members of the Eurasian Economic Union, wheat and meslin, rye, barley and corn exported in accordance with the customs export procedure.” , – indicated in the document.

The document establishes a quota for the export of wheat and meslin for 2022 in the amount of 8 million tons, rye, barley and corn – in the aggregate volume of 3 million tons.

Earlier, the Ministry of Economic Development of the Russian Federation reported that this mechanism is aimed at ensuring the food security of the Russian Federation, as well as at limiting the growth of domestic prices for basic grain crops, which can lead to an increase in the cost price and consumer prices for the final products of the milling, cereals, bakery and meat and dairy industries in Russia and the EAEU countries.

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Tags: wheat, rye, Russia, corn, export, grain, barley