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    Home > Food News > Food Articles > Russia plans to raise export tariffs on soybeans

    Russia plans to raise export tariffs on soybeans

    • Last Update: 2021-07-23
    • Source: Internet
    • Author: User
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    Original title: Russia intends to raise export tariffs on soybeans

    Russian media reported that Russia plans to increase export tariffs on soybeans and other grains


    Bloomberg News reported on the 20th that the Russian government is working hard to cope with rising food prices


    Russia’s Interfax News Agency reported on the 19th that a committee under the Russian tariff agency agreed to impose a 30% tariff on soybean exports


    In addition to measures to restrict soybean and scrap exports, the Russian government announced last week that it would impose an export tariff of 25 euros (approximately 200 yuan) per ton on wheat from mid-February to the end of June next year, and to implement the previously announced grain exports.


    【Decrease in overall supply】

    On the Chicago Board of Trade, soybean futures prices rose to a six-year high on the 21st


    In addition to Russian policy factors, Reuters reported that recent weather in South America is not conducive to crop growth


    An anonymous grain trader in Melbourne, Australia, said: "The supply landscape has changed


    The Buenos Aires Grain Futures Exchange in Argentina said last week that dry weather affected soybean planting in Argentina


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