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The decision to extend the export duty on sunflower should be taken in conjunction with the decision to introduce export duties on vegetable oil, the head of the Ministry of Economic Development and Trade Maxim Reshetnikov told reporters.

“Various options are being discussed and are being prepared, and what you say is about a seed. It is clear that it is necessary to introduce [the export duty] in a comprehensive manner – both for seeds and for sunflower oil. There is a certain gap in dates, the collection of seeds begins with one moment and then oil production begins, “the minister said.

According to him, there is no decision on export duties yet. “What volumes and in what terms – this is now being discussed, including at the working group of the subcommittee, which I head,” Reshetnikov added.

“I think the parameters that we will receive will definitely be discussed at the level of the Russian government, because there is a wide range of issues that will have to be touched upon. Including the factor of relations within the Eurasian Economic Union. As you understand, our borders are open and we need some way to hold consultations, this may require synchronization with colleagues in the union, and they may well have their own opinion on this issue, “the minister added.

Earlier, the head of the Ministry of Economic Development said that the government is discussing the timing of the introduction of a damper for vegetable oil, which will affect not only sunflower oil. According to him, the introduction of the damper will not be instantaneous and the business will have the opportunity to prepare.

Export Duty

From January 9 to June 30, 2021, the export duty on sunflower and rapeseed was increased from 6.5 to 30%, but not less than € 165 per ton. In addition, the government fixed the upper limits of wholesale and retail prices for sunflower oil from January 1 to April 1, 2021 at 95 rubles. and 110 rubles. per liter, respectively.

A source: TASS

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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