Cedar nut export taxes set for a 50% hike
In a move aimed at boosting domestic processing of pine nuts, Russia has announced an increase in the export duty on the commodity. Starting August 1, the duty will rise from 25% to 50% of the cost, with a minimum of 160 euros per ton. This change was reported by RIA "New Day".
Historically, China has been a significant importer of Russian pine nuts. Last year, Chinese purchases totalled $5.4 million, according to Vesti. The first half of 2025 saw Chinese imports reach $5.1 million, marking a 27% increase compared to the same period in 2024.
The new tariffs will apply to pine nuts in their shells and cones when exported outside the Eurasian Economic Union. This increase could make Russian pine nuts more expensive for Chinese importers, potentially reducing their competitiveness in the Chinese market.
Importers in China might seek alternative suppliers or push for tariff negotiations, depending on the size and duration of the duty. The pine nut market appears sensitive to tariffs and trade negotiations, as seen with other nuts and agricultural products in various trade agreements in the global context of 2025.
The news article encourages readers to subscribe to the Telegram channel "New Day - Front Page", as well as Zen and YouTube channels for more updates. For concrete updates specific to the Russia-China pine nut trade and export duties, checking specialized trade platforms, official Russian customs or trade ministry announcements, or market reports from late July or August 2025 would be necessary.
The data for 2024 pine nut exports was sourced from Agroexport. The new export rules are part of Russia's efforts to encourage domestic processing of raw materials.
[1] Global Trade Agreement Impact on Nut Markets (2025) [4] Agricultural Tariffs in Trade Agreements (2025)
Businesses in the finance industry may find a shift in the pine nut market as a result of increased export duties in Russia. This change could potentially lead to China seeking alternative suppliers in the industry or engaging in tariff negotiations. The sensitivity of the pine nut market to tariffs and trade agreements, as revealed in global trade agreements and agricultural tariffs of 2025, may influence these decisions.
