The Russian Ministry of Agriculture has reported this Thursday -March 31- that it will prohibit the export of sunflower seeds from April 1 and will set quotas for sunflower oil and bran from April 15. The subcommission for customs regulation and tariffs of the Ministry of Agriculture has approved this measure "with the aim of protecting the internal market and guaranteeing the demand of processing companies."
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The Ministry stipulated "establishing a temporary ban on the export of sunflower and rapeseed seeds from April 1 to August 31 of the current year." In addition, it will impose "duty-free quotas for the export of sunflower oil (1.5 million tons) and bran (700,000 tons) from April 15 to August 31, 2022." Since the beginning of the Russian invasion of Ukraine, the UN and its agencies have warned that the war could be a very hard blow for many countries, given the rise in fuel prices it has caused and because both Russia and Ukraine are two of the largest grain and fertilizer producers in the world. It will set quotas for sunflower oil and bran from April 15 Among other things, Russia and Ukraine account for more than half of the world's supply of sunflower oil (Russia is the world's second largest producer of sunflower oil, after Ukraine) and 30 percent of wheat. According to the UN, Ukraine alone produces more than half of the wheat used by the World Food Program (WFP), the UN ...