Oilseeds - Oilseeds

Sunflower seeds: Russia issues drastic rise in export tariffs

April 8, 2021 11:32 AM, Der AUDITOR
Play report as audio

SOFIA/MOSCOW. While the EU anticipates a rise in sunflower seed production, Russia has finally taken the long-awaited decision to raise export tariffs drastically. EU production estimates are surprisingly optimistic. Sowing is finally well underway in Bulgaria.

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.

Highe

View related articles

Go to the News Overview
Oilseeds
Aug 10, 2022
BUDAPEST/CHRUDIM. While crop estimates in the Czech Republic have improved slightly compared to earlier forecasts, the mood on the Hungarian blue poppy seed market has reached zero. Meanwhile, the new EU regulation is causing concern among market players in all growing countries.
Oilseeds
Aug 8, 2022
DALIAN. In the Chinese growing regions, the harvest will start in the coming days and the farmers are in the middle of preparations. However, the shine skin growers in particular are facing various difficulties.
Oilseeds
Aug 4, 2022
NEW DELHI. Although the prices for sesame seeds are rising continuously in India, they are not high enough for traders. Black sesame seed supplies are running low driven by an upsurge in demand in China.
Oilseeds
Aug 3, 2022
SOFIA/BEIJING. With the political-economic situation being far from stable, the outlook is rather bleak for Bulgaria's sunflower seed market. Acreage has also declined in China this year.