Russia plans to introduce cost compensation of grain transportation to ports

18.10.2017

The Government of Russian Federation is preparing a resolution, compensating a part of costs for grain deliveries by railway from regions remote from ports. "The government regulation, which provides compensation of expenses for transportation by rail to ports from remote regions, is nearing completion. The list will be specified in the regulation. According to our estimates, this will allow to supply abroad additional 3 MMT of grain", said the Deputy Prime Minister of Russia, Arkadiy Dvorkovich.

Dvorkovich noted that with the current record grain production, the domestic market cannot consume all the volumes, and the Government sees grain exports as a priority. Earlier, the head of Russian Ministry of Agriculture, Alexander Tkachev, said it was necessary to get rid of surplus in the market in the amount of 3-5 MMT to stabilize the domestic prices for Russian grain.

 

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