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Sunflower seeds: Coceral issues first production estimates for 2021

December 16, 2020 9:26 AM, Der AUDITOR
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SOFIA/MOSCOW. Coceral has issued first production estimates for sunflower seeds in Europe in 2021. Revised estimates for 2020 differ notably from other estimates. Traders are, meanwhile, voicing their concerns over Russia's intended export tariffs.

Concerns over raw seed supplies

As Russia's government has recently stated, the Ministry of Economic Development has drawn up a proposal to levy a 15% export tariff on sunflower seeds. Intention is to introdeduce the tariff before the end of the year, thereby, forcing producers to go down in price and to cap retail prices. Prime Minister Mikhail Mishustin recently confirmed that export tariffs will be raised to 30% for sunflower seeds between 9 January and 30 June 2021.

Traders in Bulgaria are highly concerned over these developments. Prices are not expected

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