ECE: Russia may lose markets because of the export duties on grain
MOSCOW, 29 Mar - RIA Novosti/Prime. The Eurasian economic Commission believes that Russia introduced an export duty on grain have the ability to cause the loss of traditional markets, according to a study Commission.
Russia to stabilize the situation on the domestic grain market from 1 February introduced an export duty on wheat at the rate of 15% plus 7. 5 euros, but More than 35 euros per tonne. The fee is valid until 1 July." We fear that because of the export duties on grain, Russia may lose its traditional markets, and they will take competitors, for example, from Ukraine, is given in the document the words of the Minister for trade of the EEC Andrey Slepnev.
EEC specialists add that in Addition to the loss of market Fee " increases the probability of the cast to overstocking of warehouses, and whereas in some cases, improper storage rules of grain, - to a sharp deterioration of its quality ".
in addition, in terms of current restrictions on the export of Russian wheat exporters are increasing the export of barley, which is not subject to export duties." as of April 8, the volume of its exports since the beginning of the marketing year in comparison with last year has increased not less than twice, and the share in export has increased from the traditional 10% to 17% ", - reported in the survey.
"in General, We are positive on the growth of exports of barley, but it is possible that its volumes in the near future have the opportunity to significantly exceed export potential. In addition, due to increased export demand has significantly increased the domestic price of barley: 6-6, 5 thousand rubles per ton in January 2015 to 7, 5-8 thousand Rubles. per ton in early April, " Slepnev said.
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