Russia determined the export duty rate on sunflower oil
According to Russia’s Ag Ministry, the sunseed export duty from September 1 will be USD 169.9/MT (calculated based on an indicative price of USD 1242.8/MT).
A damper mechanism for sunflower oil exports will be effective in Russia from September 1, 2021 to August 31, 2022. A floating export duty of 70% is imposed on the commodity for this period of time, UkrAgroConsult reports.
Learn more about development prospects of the oilseed sector in Ukraine and Black Sea region at the 9th International Conference ‘BLACK SEA OIL TRADE’, to be held on September 9 by UkrAgroConsult. Join the leading experts and market operators to discuss the most relevant issues. Let’s open a new oilseed season together!
Tags: Russia, sunflower oil, export, export duty
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