Volga Baikal AGRO NEWS Update on the Return of Income from Duties from the RF Ministries of Finance & Agriculture !!!

Agrarians directly received about 10 billion rubles from the grain damper

Volga Baikal AGRO NEWS Update on the Return of Income from Duties from the RF Ministries of Finance & Agriculture !!!

Agrarians directly received about 10 billion rubles from the grain damper.

According to the Institute of the Sales Opportunities of the Agricultural Market, in the Russian Federation, by February 01, 2022, totally, more than 100 billion rubles were collected as duties. In 2021, as a result of the export duties on grain, the federal budget received almost 92 billion rubles.
The grain damper has been in effect in Russia since June 02, 2021: the export of grain abroad is subject to a duty, which then the state returns in the form of subsidies to agrarians. The floating duty for wheat, corn and barley is calculated based on current export prices. The duty is charged if the price of wheat exceeds $200 per ton, for corn and barley – $185 per ton. Also, from July 01, 2021 up to September 01, 2022, there is an increased export duty on sunflower — 50%, but not less than $ 320 per ton. Since September 01, 2021, a floating export duty on sunflower oil has been introduced, it will be in effect up to August 31, 2022.

Source: Agroinvestor.ru

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