The duty on the export of sunflower oil from the Russian Federation will again be zero in November

Published Oct 25, 2023

Tridge summary

The Russian Federation will maintain a zero duty on the export of sunflower oil in November for the sixth consecutive month. However, the duty on sunflower meal will decrease by 23.2% compared to October. The Ministry of Agriculture calculated the duties based on indicative prices, with the base price for sunflower meal increasing while the base price for sunflower oil remains unchanged.

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Original content

Moscow. the 25th of October. INTERFAX.RU - The duty on the export of sunflower oil from the Russian Federation in November, as in the five previous months, will be zero. The duty on sunflower meal will decrease by 23.2%, to 5,773.1 rubles from 7,519.6 rubles per ton in October. The calculations of duties were presented by the Ministry of Agriculture. Indicative prices, on the basis of which duties were calculated, were: for oil - $838.8 per ton ($822.6 a month ago), for meal - $249.9 ($276). The base price for calculating the duty on meal from September 1, 2023 has been increased by 2 thousand rubles, to 15,875 rubles per ton; for calculating the duty on oil, it has not changed and is 82,500 rubles per ton. Duties on oil and meal are calculated in rubles from July 2022. The duty on sunflower oil is 70% of the difference between the base price (82,500 rubles per ton) and the indicative price ...

Source: Interfax