Grain damper mechanism to remain in force in Russia throughout 2021/22 MY

Source

APK-Inform

1666

A grain damper mechanism for grain export will remain in force throughout 2021/22 MY, declared the director of agricultural markets regulation department of Agricultural Ministry of Russia, Maxim Titov, informed Финмаркет.

“We consider it as a long-term mechanism for the whole season, long-term measure”, - he said.

Besides, he proved the plans of the Ministry to impose quotas on grain export from February 15 to June 30, 2022.

“There will be no qualitative restrictions on grain export in 2021. It is likely that the tariff quota will be implemented in the second half of the season”, - M. Titov said adding that the quota would be distributed by historical principle.

He said the volume of quota would be determined basing on crop size in 2021/22 MY and the real volume of export in the first half of the season.

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