Export tariff of 50% to apply as of July
After weeks of speculations Russia's Prime Minister Mikhail Mishustin finally signed a decree on Wednesday announcing that the export tariff for sunflower seeds will rise to 50% as of 1 July. The minimum payable rate is USD 320/mt and the tariff is to apply until 31 August 2022. For rapeseed, the 30% export tariff will now also apply until this date and the export tariff for sunflower seed oil will be raised to 70% as of 1 September. These tariffs do not apply to shipments to the Eurasian Economic Union.