Russia cuts rail tariffs for grain from Siberia

Russia has reduced charges on the transportation of grain and flour exports from Siberia, according to a Bloomberg report.

The tariffs will be cut by half for distances that exceed 1,100 kilometres, Russia's Federal Service said. The reduction will run through June 30 next year for shipments to ports and railway stations on the borders with North Korea, China and Mongolia, the service said. The new rate will apply through December 31 for shipments to the border with Ukraine, it said.

The same reduction will apply to shipments of soy and soy oil meal from the Far Eastern federal district to all destinations through June 30, the service added.

Russia's government was looking at lowering the cost of hauling grain by rail to help farmers in the country's interior sell their crops, Sergei Sukhov, the Agriculture Ministry's deputy head of agriculture market regulation, said in August.