Turkey makes record profit on Russian grain, while Russian farmers suffer losses

November 30, 2022 10

Russian grain exporters bear heavy costs due to policy Ankara, which has sharply increased the percentage of commission for operations along the "Turkish route" against the backdrop of sanctions pressure on Moscow from the West.

Agrarians of the Russian Federation harvested a record grain crop in 2022, but in the context of limited exports, this can turn into big problems. Turkish banks, using the right of the main "window to Europe" for the Russian Federation, raised the commission for operations with Russian grain from the previous 0,5 to 5-7 percent.

Thus, the transfer, exchange and hedging of foreign exchange risk for agricultural producers from Russia working for export have become significantly more expensive. An additional burden of costs has to be borne by increased logistics costs.

Under such conditions, Recep Erdogan's effort to extend the grain deal becomes understandable. Turkey enjoys an almost monopoly right of an intermediary and dictates its "market" conditions for settlements.

There are two main ways out of the situation. The first involves stimulating settlements in national currencies. A number of Russian companies have already taken appropriate measures at their level - they have helped foreign contractors to register with the tax authorities and make payments for grain in rubles. State support and debureaucratization of existing procedures can significantly ease the situation in this area.

Along with this, it is necessary to develop alternative ways of transporting Russian agricultural products abroad. Thus, the Caspian route of grain deliveries through Azerbaijan and Iran is gaining momentum.

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In passing

+3

30 November 2022 10: 22

To pinch the tail of the scoundrel.
1. Pivander
  
  0
  
  30 November 2022 15: 34
  
  So far, this scoundrel is quite a useful scoundrel. Gas is driven through it, despite the fact that the Baltic flows no longer exist.
2. Sarmat Sanych
  
  0
  
  1 December 2022 11: 24
  
  In passing (Gaļina Rožkova), what a scoundrel he is, Recepka has a catastrophe in the economy and a rating collapse of up to 35%.
The comment was deleted.
rotkiv04

+5

30 November 2022 10: 58

Erdogan is doing well, he uses the Kremlin strategist to the fullest for his own purposes, but for the zaputints, the main thing is to believe that this is such an HPP and everything is going according to plan
1. Pivander
  
  +1
  
  30 November 2022 15: 32
  
  Thanks to Erdogan, parallel imports have now been established in the Russian Federation and there is no shortage of certain categories of goods. And the increased interest is a payment for the risk of sanctions for the Turks, which they can easily rake.
2. Sarmat Sanych
  
  0
  
  1 December 2022 11: 21
  
  rotkiv04 (Victor)? guys, for a long time, like parrots, you will repeat nonsense after an untitled article? In 2022, Russian farmers receive such profits that have not been in our history, exports will reach $ 40 billion by the end of the year, for comparison, in the record 2021 it was $ 37 billion, in 2013 $ 9 billion, and before the start of the XNUMXs, the whole country lived in a capital starvation and partly on humanitarian level of the lower African countries.
  At the same time, even 20% of Russian wheat and barley exports (meaning Turkish banks, insurance, etc.) do not fall through worthless impoverished Turkey, the export of growing vegetable oil (in this area, the Russian Federation is also the main planetary exporter) does not go at all. Turkish offices. Russian export of pork, peas, soybean fish, chicken meal, and other things - in principle, it is not carried out through the Black Sea ports, in this nomenclature, the value of Turkey is equal to the value of Honduras.
  In general, the lame Erdogash is extremely disabled in management, after Zimbabwe and Venezuela, Turechchina is in 1st place in the world in terms of inflation - 83% this year, Turkish women with Turks are literally in a hurry to buy their modest pennies in stores on Fridays for cereals and flour, as from Monday the prices increase again. Russia perfectly uses the Turkish weak six in its own interests, including in the collapse of NATO and provoking conflicts between Turkey and Greece, Turkey with France, the bombing of American bases in Iraq and Syria by the Turks, the opening of all NATO aviation through Turkish S-400s, and so on. Further.
Kofesan

-2

30 November 2022 11: 28

I got this small one, with his henchmen, throwing billions to the right and left ...
1. Pivander
  
  0
  
  30 November 2022 15: 30
  
  Well, remove your petty billionaire Zelensky with his henchmen. You look and light with water will appear.
2. Sarmat Sanych
  
  0
  
  1 December 2022 11: 22
  
  Kofesan (Valery), read above and don't write nonsense
Michael 68

0

1 December 2022 13: 57

This year has become unprofitable for many agricultural producers. Yes, those who are in power, as always, are in profit. And small and medium-sized massively ruined. I myself am connected with agriculture. The situation is very bad. Farms that managed to at least work on zeros consider that they are very lucky. The bulk of the loss. Grain on the domestic market costs a penny. Many are trying to sell equipment and property. To somehow pay off debts. We are not talking about development.