러시아 농업 및 식품 인사이트

Core Tip: Foreign media reported on January 16: According to monitoring data from the Russian Grain Union, in the first half of this year (July to December 2024), Russia exported 34.257 million tons of grain, a decrease of 5.4% from 36.209 million tons in the same period of 2023/24. Among them, wheat exports increased by 0.7% to 30 million tons, barley exports decreased by 27% to 2.9 million tons, and corn exports decreased by 48% to 1.284 million tons.

In brief: •    Wheat could surpass 80% of total grain exports •    The Russian government has set a tariff quota of 10.6 million tons for grain exports The duty on wheat exports from Russia will be 4,245 rubles ($41.5) per ton from January 15, 2024, according to the Agriculture Ministry. Earlier, the government set a duty on wheat exports for January 13 and 14 at 4,346.1 rubles ($42.5) per ton, the ministry said. The duty on barley will be 2,542.9 rubles ($24.86) against 2,220.1 ($21.7) rubles set earlier. The duty on corn will be increased to 4,436.4 rubles ($43.4) from 4,366.5 rubles ($42.7) per ton. The rate of the export duty on wheat is calculated at an indicative price of $240.2 per ton, for barley - $204.7 per ton, for corn - $231.7 per ton. The floating duty on Russian grain exports has been in effect since June 2, 2021. The Ministry of Agriculture determines the amount of the duty for a period of one week.

Wheat exports from Russia in January will amount to 1.8-2.2 million tons against 3.6 million tons a year earlier, according to the SovEcon center. Wheat exports from Ukraine for the same period are estimated at 0.8 million tons.