Russia Tightens Wheat Export Quotas Amid Inflation Fight
Russia has reduced its 2025 wheat export quota from 29 million to 11 million metric tons and raised export duties starting December 4, aiming to manage inflation and prioritize domestic supply. These measures come after a faster-than-expected pace of exports and poor harvests due to unfavorable weather. The Eurasian Economic Union (EEU) is also introducing duty-free quotas for certain food imports. These changes are being closely watched by key wheat-importing countries like Egypt, Iran, and Turkey .
Russia, the world’s leading wheat exporter, has announced a significant reduction in its 2025 wheat export quota while increasing export duties. On Friday, the government implemented these measures to tackle rising inflation, cutting the export quota from 29 million to 11 million metric tons for the season running from February 15 to June 30, 2025.
The Eurasian Economic Union (EEU), which includes countries like Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, oversees trade policies across its member states. Russia’s Agricultural Ministry has also raised wheat-export duties from December 4 to prioritize domestic supply, according to Deputy Prime Minister Dmitry Patrushev. Patrushev emphasized efforts to stabilize prices by encouraging long-term retail contracts and regional cooperation.
The government is also working to bolster food imports from countries considered friendly, while the EEU has introduced duty-free quotas for certain food imports. Analysts attribute this export quota cut to a faster-than-expected pace of exports and below-average harvests driven by unfavorable weather conditions. These strategic moves are being closely monitored by major wheat buyers such as Egypt, Iran, Turkey, Algeria, and Saudi Arabia.
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