However, the Agency intends to finalize the quota mechanism. For a start, the agriculture Ministry plans to analyze the effect of the use of quotas and its impact on the price level. “In the future, together with the Federal customs service, the Ministry will work to improve the mechanism for its application in the second half of the next crop year”, – told “RG” in the Ministry of agriculture.
Recall that in this season the Ministry of agriculture has imposed restrictions on the export of grain outside of the EEU from 1 April to 30 June in the amount of 7 million tons, Coupled with the commodity interventions (1.5 million tons) this measure should provide the necessary volume of grain on the domestic market and prevent jump in prices for the main crops, as well as consumer prices for end products.
But on April 26 the quota was exhausted early. Thus in less than three days from 24 to 26 April was formalized customs declarations for the export of more than 3 million t. This fact has caused confusion among experts and market participants. According to “OPORA Russia”, capacity of Russian ports grain exports amount to not more than 1.5 million tons per week. To execute the export to 3 million tons in two days, according to experts of “OPORA Russia” was made possible through the use of incomplete customs Declaration of goods.
the Ministry of agriculture argued that the restrictions of export of grain and intervention has already led to the stabilization of prices for grain and flour in Russia last week. And the Department expects further price adjustments. This will contribute to, including, and additional measures – in particular, the preferential tariffs on railway transportation of grain from the intervention Fund.