The Ag Ministry of Russia and the Fat-and-Oil Union have different view on regulation of the sunflower oil market
The Ag Ministry of Russia may upwardly revise the formula for the floating export tax on sunflower oil to ensure the provision of oil extraction plants with sunflower seed on a timely basis (the current tax rate is 70%), UkrAgroConsult reports.
At the same time, to optimize the industry’s operation in the longer term, the Fat-and-Oil Union advocates abolishing the tax and switching to targeted support, or at least cutting the tax rate from 70% to 30%.
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
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Dry weather hits Argentina’s corn crop
Spain cuts orange supplies due to low harvest
Oilseed processing in Ukraine has reached its peak in recent years thanks to expor...
China Updates Registration Rules for Foreign Food Manufacturers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon