Media: Russian companies reported difficulties in exporting wheat (Google Translate)
MOSCOW, December 18 – RIA Novosti. Difficulties with the shipment of wheat under current contracts began in Russia against the backdrop of the announced quotas and duties on grain exports, which should enter into force on February 15, 2021, the Kommersant newspaper writes, citing sources.
According to the newspaper, three sources in the market told about the difficulties that began with the export of Russian wheat. An interlocutor of the newspaper in a large exporting company said that the customs service suddenly began to detain goods for inspection for up to ten days. Another source of the publication says that in recent days, difficulties began on the part of customs when processing grain for shipment by rail towards the ports of the Baltic States, and the situation with the acceptance of grain for transportation towards the southern ports has significantly worsened.
The director of the Sovekon analytical center, Andrei Sizov, confirms that there are cases of delayed shipments, the customs drags out the paperwork and checks the cargo, the nervousness among traders is high, the newspaper writes. Dmitry Rylko, general director of the Institute for Agrarian Market Studies, knows that customs have questions about the weight of wheat consignments. “In theory, this may lead to the need to unload ships, re-weighing,” warns the source of the publication.
According to Rylko, the difficulties with the wagons may be related to the overall high load on the railway. Sizov also noted that when export contracts are fulfilled, days are counted, and idle time not only increases the risks of missed deadlines, but also forces them to overpay for the cost of freight, the newspaper notes. The FCS told the publication that no information was received on the existence of problematic issues in relation to this category of goods. Russian President Vladimir Putin last week drew attention to the rise in prices for basic foodstuffs in the country, stressing that “the pandemic has nothing to do with it.” The head of state noted the rise in prices for sugar, sunflower oil, flour, pasta and bread, calling it an attempt to adjust domestic prices to match world prices.
After that, the government announced a set of measures to stabilize prices. In particular, a quota was set for the export of wheat, rye, barley and corn in the period from February 15 to June 30, 2021 at 17.5 million tons. The quota will be distributed among exporters on a historical basis – based on their supply volumes in the first half of the season, from July 1 to December 31, 2020. For the same period, from February 15 to June 30, a grain export duty was introduced. Within the quota, the duty for wheat will be 25 euros per ton, for other crops it will be zero. However, after sampling the quota, the duty rate for wheat, rye, barley and corn will be 50% of the customs value, but not less than 100 euros per tonne.