The Ministry of Economy and the Ministry of Agriculture are discussing the possibility of abolishing import duties for beef and pork to stabilize prices. About it report “Vedomosti”.
Over the year, beef and pork rose in price in Russia by 7.8% and 19%, respectively. According to the newspaper, in 2022, up to 200 thousand tons of frozen beef can be exempted from duties. The same quota is offered for frozen pork.
As the newspaper notes, importers will be obliged to process meat in Russia.
The proposal will be considered at a meeting of the government subcommittee on customs and tariff regulation.
A representative of the Ministry of Economy told the publication that “any measures will be taken taking into account the situation with prices and the saturation of the market with products.” The Ministry of Agriculture did not respond to a request for comment.
In Russia, until 2020, there was a quota of 430 thousand tons for duty-free import of pork. The authorities canceled it under the terms of the WTO and introduced a duty of 25%. For beef, there is a 15% rate within the quota and 50% above it. The quota is 40 thousand tons for chilled beef and 530 thousand tons for frozen beef.
In October, many meat processing companies announced a 7-20% price increase for their products. In particular, this was reported by “Dymov”, “Klinsky”, “Miratorg”, “Okraina”, “Ostankino” and “Cherkizovo”.