The Center for Agroanalytics under the Ministry of Agriculture of Russia informs that the Eurasian Economic Commission (EEC) decided to keep quotas on meat imports in the Russian Federation in 2021 at the current year level. In particular, the quota for the import of beef next year will be 570 thousand tons (including 40 thousand tons of chilled meat), and the quota for the import of poultry meat - 364 thousand tons (100 thousand tons of minced meat, 250 thousand tons of halves and quarters of broiler carcasses, 14 thousand tons of frozen turkey meat). Previously, there was a pork import quota, but in 2020 it was replaced by a 25 percent duty as part of Russia's. Read more...
Quotas for import of beef and poultry into the Russian Federation in 2020 will not change. According to the draft government decree that Interfax reviewed, the quota for the import of beef will amount to 570 thousand tons, including 40 thousand tons of chilled meat. The quota for chilled beef is distributed as follows: 29 thousand tons - to the European Union, 11 thousand tons - to other countries. Part of the quota for frozen beef also has a country destination: 60 thousand tons each for the European Union and the USA, 3 thousand tons for Costa Rica and 407 thousand tons for other countries. The quota for import of poultry meat, as in previous years, will. Read more...
Meat will be more expensive if importers of feed additives have added VAT for the last three years. The Ministry of Finance and the Ministry of Agriculture differently interpret the legislation on the list of goods taxed at a preferential rate. The cost of beef, pork, and poultry meat in Russia may grow by at least 10% in the case of additional charges to importers of feed additives. The problem with the amount of VAT on imported feed additives appeared due to different interpretations of the government’s decree on the list of goods which are subject to a reduced VAT ate, the press service of the Ministry of Agriculture told. Later, the government adopted. Read more...
The export of agricultural products from Russia in 2019 could be reduced by 4%, in value terms - up to $ 24 billion, predicts the Institute for Agricultural Market Studies The main reason for the reduction in exports is a decrease in the volume of deliveries abroad of grain due to a decrease in its gross collection in 2018. Food imports will also continue to decline, and by the end of this year, it may decrease by 4.5% to $ 28 billion, says ICARD Director Dimitry Rylko. Last year, agroexport in monetary terms amounted to almost $ 25.1 billion, and imports are estimated at $ 29.3 billion. Thus, Russia is close to a zero trade balance, and this trend will. Read more...
Russia has adopted a new law to ban imports of GM feed inwar on genetically modified organisms (GMO) found in. Read more...
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