(Updates with tariff reduction details in second paragraph.)
Oct. 6 (Bloomberg) -- Russia’s Federal Service on Tariffs reduced charges on the transportation of grain and flour exports from the Siberian federal district and Kurgan region, the service said.
The tariffs will be cut by half for distances that exceed 1,100 kilometers (684 miles), the service said today on its website, without providing cash amounts. 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 Dec. 31 for shipments to the border with Ukraine, it said.
The same reduction will apply to shipments of soybeans and soybean 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.
--Editors: John Deane, Alastair Reed
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