Despite very strong export performance last year, the situation may deteriorate markedly due to the imposition of duties, as well as high competition.

The Rusagro group of companies, which was planning to sell the Primorskaya Soya plant, decided to keep this enterprise and load it with work.

Considering the latest «news from the fields», the Sovekon analytical center has raised its forecast for the harvest in 2021. According to it, farmers will be able to harvest up to 79.3 million tons of wheat.

In recent months, the Russian government has been doing everything to make the export of agricultural products unprofitable.

Such duties are becoming an increasingly popular way for the Russian government to regulate agricultural exports, and oil producers fear that this may affect them as well.

During this period, 1.520 thousand tons of grain were shipped through the seaports of Russia.

Despite the promises of the President of the Russian Federation “not to infringe on business with further restrictions,” agrarians are worried that “tightening the screws” will continue.

One of the reasons for foreign investors to leave the Russian market together with their capital is the tightening of regulation. The most unpopular measure here was the introduction of quotas and duties on the export of grain and other products.

In just a week, a ton of wheat has fallen in price by $ 3-7 per ton. Analysts attribute this to an increase in duties.

In 2020, Russia sold 79 million tons of products for $ 30.7 billion abroad. This is 20% more than a year ago.