Russia. Soybean shipments will more than halve amid the current export tax
Soybean exports from Russia in September 2021/22 totaled 13.7 KMT (-86% y-o-y).
The export tax on soybean exports outside the EAEU has been extended this season. However, in view of peculiarities of the Far Eastern market, which is export-oriented, the tax rate was cut to 20% (30% in MY 2020/21), UkrAgroConsult reports.
A decrease is observed in exports to all key destinations, except for Kazakhstan (11.1 KMT vs. 0.1 KMT a year earlier): China (-88%), Republic of Korea (-59%) and Belarus (-27%).
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Official Release – December 17th! Crop & Price Navigator 2026/27
Ukraine’s harvest nears completion: Total grain output exceeds 56 mln tons
Wheat heads for worst week since June on global oversupply
‘Soybean GPT’ lands South Korea’s agriculture ministry in awkward situation
Thailand purchases 65 thsd tons of Argentine feed wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon