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Russian Animal Feed Additives Market Stirred by Government Policy

  • 19 Aug 08:06

Russian Animal Feed Additives Market Stirred by Government Policy If the Russian government insists on its plans to charge the country’s feed additives importers up to $120 million for the products that crossed the border over the past three years, domestic meat prices could go up 20%, Russia’s Agricultural Ministry has said,accordingto AllAboutFeed.net. For the past five years, about a quarter of feed additives in Russia have been imported under the so-called preferential tax regime, meaning that importers paid 10% VAT instead of a basic 18%, taking advantage of a government regulation that allowed companies to pay lower taxes on specific products in the food and feed industries. But in the first quarter of 2019,. Read more...