Russian agricultural enterprises will lose their grain price advantage due to export tariffs

Moscow, China-Russia information network: According to the Interfax news agency, Russia's national credit rating agency (NKR) forecast that Russian agricultural producers or due to grain export tariffs lost 10-15% of the proceeds.
the agency reported higher fertilizer prices and farming costs, as well as higher logistics costs, due to the devaluation of the rouble and a lack of domestic products.
the debt burden of food producers (EBITDA) would rise 0.5-1 from the current 5.4 level due to lower revenues.
the debt burden of agricultural producers will further slow the development of the agricultural sector and lead to a decline in the credit capacity of companies, according to experts.
restrictions imposed by the Russian government could lead to a reduction of more than 10 per cent in cereal exports.
addition, Russia could soon lose its grain price advantage and its leading position in the global grain market for the first nine months of 2020, as many countries have completed food storage expansion due to fears of food shortages during the new crown outbreak.
It is reported that the Russian government intends to adopt a quota limit of 17.5 million tons for grain exports between February 15 and June 30, 2021, with wheat export tariffs of 25 euros per ton, an out-of-quota tariff rate of 50%, and tariffs of not less than 100 euros per ton.
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