Customs Subcommittee Approves Wheat Export Quota from Russia of 11 Million Tons
The article discusses the recent approval by the Russian Customs Subcommittee of an export quota for wheat and meslin. Below are the key points:
Quota Approval: An export quota of 11 million tons for wheat and meslin has been approved for the period from February 15 to June 30, 2025. This quota applies to exports to countries outside the Eurasian Economic Union (EAEU).
Exclusions: The quota does not include barley, rye, and corn; the export quota for these grains is set at zero tons.
Export Duties: Within the quota, a floating export duty (damper) will be in effect. For exports exceeding the quota, a duty of 50% but not less than 100 euros per ton will be applied.
Historical Context: Russia began implementing grain export quotas in 2020, with varying volumes each year. For instance, the quota was 11 million tons in 2022 and 25.5 million tons in 2023.
Production and Export Forecasts: The official forecast for grain exports in the current season is between 55 to 60 million tons. In the previous year, Russia exported 72.2 million tons of grain, including 54.1 million tons of wheat. The grain harvest in 2023 was 144.9 million tons, with 92.8 million tons of wheat. The current year's forecast is 130 million tons of grain, including 83 million tons of wheat.
Conclusion: The approved export quota aims to regulate the export of wheat and meslin from Russia, ensuring a balance between domestic supply and international trade commitments.
Source: Customs Subcommittee Approves Wheat Export Quota from Russia of 11 Million Tons
