Russian experts comment on the impact of soybean export tariff adjustment measures

The Russian Agricultural Investor Network reported on April 30 that according to the draft government decree formulated by the Russian Ministry of Economic Development, from July 1, 2021 to August 31, 2022, the foodmate.
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　　Russian Deputy Minister of Economic Development Ilychev said that the formulation of the new tariff measures takes into account the opinions of soybean producers in the Far East, which is conducive to maintaining the region's soybean export capacity.

 

　　Petrichenko, general manager of ProZerno analysis company, said that although the tariff rate will be lowered, it is almost still a prohibitive tariff, which greatly affects the enthusiasm and profit of soybean growers in the Far East, which in turn leads to a decline in soybean production.
The export situation of Russian soybeans this agricultural year is complicated.
From September to November last year, the monthly export volume of Russian soybeans was 80,000 tons.
After the announcement of the tax levy in December, the export volume surged to 146,000 tons.
The volume of export contracts reached 984,000 in January.
Tons, exports were almost empty after the formal taxation in February.

 

　　Relik, director of the Russian Agricultural Market Research Institute, believes that the main problem that currently exists is that the Russian government lacks long-term plans for the soybean market.
The situation in Russia and Europe is relatively clear: it hopes to reduce imports and achieve self-sufficiency in raw materials.