🌾 10.6 Million Tons: Russia Approved Grain Export Quota

The Russian government has approved tariff quotas for grain exports outside the Eurasian Economic Union (EAEU), which will be in effect from February 15 to June 30, 2025. According to the decision, the export of wheat and meslin is limited to 10.6 million tons, while the export of barley, rye, and corn is not allowed during this period. These measures aim to maintain a balance between grain production and consumption within the country. The Ministry of Agriculture of Russia will oversee the distribution of the quotas. Exceptions are made for grain supplies designated for international humanitarian aid, which will be carried out under separate government decisions.

 The grain export quota mechanism in Russia has been in place since 2020. That year, the export was capped at 7 million tons from April to June. In 2021, the quota was increased to 17.5 million tons, and since then, it has become an annual measure, effective from February 15 to June 30. Over the years, the quota volume has been adjusted depending on market conditions. In 2022, it was set at 11 million tons, of which 8 million tons were wheat. In 2023, the export quota reached 25.5 million tons without differentiation by grain type. In 2024, the quota was set at 28 million tons, initially approved at 24 million tons, with an additional 4 million tons added later.

 The projected grain export potential for the current season is estimated to be between 55 and 60 million tons. Last year, Russia exported 72.2 million tons of grain, including 54.1 million tons of wheat. The new quotas for 2025 reflect the government's effort to ensure stability in the domestic market, maintain food security, and support Russian agricultural producers amid fluctuations in global demand and prices.