Moscow, December 13 – The Subcommission on Customs and Tariff Regulation has approved the elimination of customs duties on the import of 1.2 billion eggs into Russia, according to the Ministry of Economic Development. The decision aims to balance the domestic market and ensure an increase in egg supply in the short term. Starting from January 1 to June 30, 2024, eggs can be imported from friendly countries without any customs fees.
The Ministry of Economic Development emphasized that this exemption will only be granted if the imported eggs serve their intended purpose. This measure is expected to help stabilize the internal market and support the growth of egg production.
The proposal to eliminate customs duties on egg imports has already received support from the Eurasian Economic Commission. Additionally, the Ministry of Agriculture announced that the first shipments of eggs from Azerbaijan are expected by the end of this week, with imports from Turkey also anticipated in the near future.
The ministry predicts that these actions will lead to a stabilization of egg prices within the next month. Since the beginning of the year, there has been a significant increase in demand for eggs, resulting in a 42.4% price rise as of December 4, according to the latest data from Rosstat.
In order to address this situation, the Russian authorities have implemented various measures. These include providing support to egg producers and encouraging them to enter into long-term contracts with retailers. Additionally, supervisory authorities have conducted inspections to ensure compliance with regulations.
Overall, the elimination of customs duties on egg imports is a strategic move by Russia to stabilize its domestic market and meet the growing demand for eggs. By facilitating imports from friendly countries, the government aims to ensure a sufficient supply of eggs and prevent further price hikes.
