Russia has cancelled export duties on sunflower oil and sunflower meal until the end of summer

duties will not affect the availability of sunflower oil for Russians, as the domestic market is reportedly fully supplied with the product. However, experts warn that increased exports could lead to a reduction in stocks and a potential increase in prices, especially if the harvest is not as good and demand in foreign markets exceeds expectations. Floating duties on sunflower oil and meal have been in place since 2021 and 2022, respectively, to curb rising prices domestically. For example, in June 2025, the duty on oil was 7,119.8 rubles per ton (approximately $89.7 at an exchange rate of 79.41 rubles per dollar), and in July it was 4,739.3 rubles per ton ($59.7). The duty on meal was 1,244.1 rubles per ton ($15.7) in June and 1,054.4 rubles per ton ($13.3) in July. After the abolition of duties, the rates were zeroed, which may provoke an increase in exports. We remind you that Russia also zeroed the export duty on wheat from July 9, 2025 for the first time since the ...