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Russia's wheat exports to Egypt and soybean exports to South Korea reached the full-quarter level of the previous export season before the start of the second half of the 2020-2021 export season (starting July 1), according to the analysis by the Food Quality Assessment Center, a state budget agency of the Russian Federation.
6.4 million tonnes of wheat exported to Egypt, 3 per cent higher than in the full quarter of 2019-2020," the analysis reads.
exports of 18,000 tonnes of soybeans to South Korea as of the end of last week, more than 5 per cent more than for the whole of 2019-2020.
according to the phytosanitary certificate issued, Russia exported 40.9 million tons of grain and its processed products (including exports to Eurasian Economic Union countries) as of January 28, 20 percent higher than in the same period in 2019-2020, according to the local department of the Russian Animal and Plant Epidemic Prevention and Quarantine Agency.
top 10 exports (39.2 million tonnes, or 96 per cent of total exports) were wheat (73 per cent), barley (10 per cent), corn (3 per cent), soybeans (2 per cent) and sunflower meal (2 per cent), sunflowers (1 per cent), peas (1 per cent), rapeseed (1 per cent), wheat bran (1 per cent) and flax (1 per cent).
As of January 28, barley exports increased by 49 per cent to 4.1 million tonnes, soybean exports by 15 per cent to 800,000 tonnes, pea exports by 44 per cent to 500,000 tonnes and rapeseed exports by 65 per cent to 500,000 tonnes.
the Russian government announced at the end of December that it would take a series of measures to increase food prices.
includes an export quota of 17.5 million tonnes of wheat, rye, barley and maize for the period from 15 February to 30 June 2021.
provides for the imposition of tariffs on cereal exports during the same period.
from 15 February, the wheat export tax within the quota range will be 25 euros per ton and the export tax from 1 March to the end of June will be 50 euros per ton.
from February 1st to June 30th, Russia's export tax on soybeans from countries outside the Eurasian Economic Union is set at 30% of the duty-free price of goods and must not be less than 165 euros (about 1,287 yuan) per ton.
, export tariffs on soybeans were zero.
this measure is due to the rise in global soybean prices, in order to ensure the supply of raw materials for domestic processing and production in Russia, to facilitate enterprises to expand the procurement scale, including The Far East soybeans.