BELARUS NEWS AND ANALYSIS

DATE:

06/06/2008

Belarus temporarily introduced export customs duty on wheat and meslin at 40% of customs cost of commodity

Belarus introduced export customs duty on wheat and meslin at a level equal to 40% of customs cost of commodity, effective till June 30, 2008, reported in the press-service of President of Belarus.

President's decree No 304 introduces the customs duty on wheat and meslin, exported outside the countries-participants of the Eurasian economic community, at a level equal to 40% of customs cost of commodity, but no less than 105 EUR/t and that would be effective till June 30, 2008, stated in the report of the press-service.

According to the press-service, this decree is intended to regulate the situation in wheat trade between Russia and Ukraine. Introduced export duty is similar to the one introduced in Russia.

This norm would contribute to satisfying domestic demand of Belarus Republic in gluten wheat at the expense of import from Russia. Introduction by Russia of the export restrictions earlier has created deficiency threat for this product in Belarus, added representatives of the press-service of President.

Source:

http://www.agrimarket.info/showart.php?id=59603

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