The Eurasian Economic Commission (EEC) has decided to allow the export of soybeans outside the EAEU since June 13 from June, Interfax reports. Previously, this agricultural culture was banned for export outside the union.
The general internal and external economic situation in the world as a result of the spread of coronavirus infection was the impetus for the introduction of export quotas for sunflower, soybean, onion, garlic, turnip, rye, rice, buckwheat, millet, wholemeal and cereal granules.
The ban on export outside the EAEU came into force on April 12 and will last until June 30, 2020.
This exceptional measure was taken for the first time since 2010 to provide the population with socially significant goods in the domestic market.
In fact, Russia practically does not supply anything from the specified list of products to foreign markets, with the exception of sunflower and soy.
Namely, these crops are exported by Russia in a rather large volume: about 900 thousand tons each, the country planned to ship at the end of the season.
“I believe that the ban on exports by the union is a measure, more secure than necessary,” said D. Rylko, director of the Institute for Agricultural Market Studies (IKAR).
At present, the Eurasian Economic Commission is worried not only about the amount of lost revenue, but also the consequences that producers will suffer if exports are not resumed.
The ban on the export of precisely these crops can lead to a critical situation in the regions , said Rusagro CEO Maxim Basov.
For example, in the Far East, from where it was banned to ship soy, there is no possibility for its effective processing.
It is for this reason that the situation with non-shipped agricultural crops can lead to the fact that it will simply rot. And at present, only in the Far East, this amount is close to 100 thousand tons.
Soybean crops continue to grow. In 2020, this agricultural crop will occupy 3.16 million hectares, compared with 3.04 million hectares in 2019.
And in 2019, 4.4 million tons of soybeans were grown, of which 895 thousand tons were exported.
Already on June 9, according to the Ministry of Agriculture, soybean was sown on 81.1% of the projected area, which is 2.6 million hectares.
It was guided by the economic situation, in connection with the need for an emergency response, that the EEC decided to lift the ban on soybeans exported ahead of schedule, namely starting from June 13, 2020, it will be possible to export agricultural crops under contracts concluded from June 1, 2020.
