Oilseeds - Oilseeds

Sunflower seeds: Russia issues drastic rise in export tariffs

April 8, 2021 at 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.


View related articles

Go to the News Overview
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Feb 23, 2024
BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.