22 Dec 2022 15:24

Far East to export primarily corn to China as part of grain quota - Far East Development Ministry

MOSCOW. Dec 22 (Interfax) - Regions of the Far East will export mostly corn within the grain quota.

"Regions of the Far Eastern Federal District - the Primorye Territory and Amur Region will be able to export up to 500,000 tons to China, mostly corn. This volume is enough to sell surplus grain production in the district," the press service for the Far East Development Ministry told Interfax.

The press-service recalled that in November, at a meeting of the customs sub-commission a decision was made to establish a multiplying coefficient (3.13) when calculating the export duty for regions of the Far East when distributing the total quota of 25.5 million tonnes, which will be valid from February 15 through June 30, 2023. The Economic Development Ministry has drafted a corresponding government resolution, and the document has been submitted to the cabinet.

Earlier, the Agriculture Ministry announced that the quota will amount to 25.5 million tonnes, including 500,000 tonnes for the Far East. A regional quota for grain exports from Russia is being introduced for the first time.

The quota applies to deliveries of wheat, corn, barley and rye outside the EAEU. Amid a record grain harvest this year, the 2023 quota will be more than doubled in comparison with 2022 (11 million tons). The quota will not be divided by types of grain.

Russia instituted quotas for grain exports in 2020. The volume of the first quota was 7 million tonnes, and it was valid from April 1 through June 30. The quota for 2021 was valid from February 15 through June 30. It was 17.5 million tons, and also not divided by types of grain.

The same timeframes were applied for export quotas in 2022. The innovation was the allocation of a separate quota for the export of wheat - 8 million tonnes - in the total volume of the quota of 11 million tonnes. The remaining volume was for rye, corn and barley. At the end of December 2021, the government adopted a decree, according to which the grain export quota will be in effect annually from February 15 to June 30.