From April 1, the export duty on sunflower oil from Russia will decrease by 669.2 rubles

Starting from April 1, 2023, the duty on the export of sunflower oil from Russia will decrease from 2068.1 rubles. per ton to 1398.9 rubles. per ton. The size of the export duty on meal, on the contrary, will increase - from 3357.2 rubles. per ton to 4777.6 rubles. per ton. This was reported on the website of the Ministry of Agriculture of the Russian Federation. As explained in the agricultural department, indicative prices, based on which duties are calculated, for sunflower oil amounted to $1,100.1 per ton ($1,149.7 per ton a month ago), for meal — $269.5 per ton ($251.2) . FOR REFERENCE: Until August 31, 2023, Russia has an export duty on sunflower oil and meal. The amount of duty on sunflower oil is 70% of the difference between the base price (82,500 rubles per ton) and the indicative price (arithmetic average of monthly ...