Deputy Prime Minister of the Russian Federation Abramchenko instructed to consider the possibility of abolishing the duty on sunflower

Published 2023년 3월 31일

Tridge summary

Russia's Deputy Prime Minister, Victoria Abramchenko, has suggested the possibility of cancelling the export duty on sunflower seeds, a move that will be evaluated by various ministries and agencies. This proposal comes at a time when sunflower seed prices in Russia have significantly dropped due to decreased demand and poor storage conditions, with prices hitting a low since November 2022. The Ministry of Agriculture has expressed the need for selling sunflower seeds at high prices and against the artificial restriction of sales. The export duty on sunflower seeds was set at 50% or $320 per ton, whichever is higher, from July 1, 2021, and has been extended until August 31, 2023.

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Original content

Deputy Prime Minister of Russia Victoria Abramchenko instructed the Ministry of Agriculture, the Ministry of Economic Development, the Ministry of Industry and Trade, the Ministry of Finance and the Federal Antimonopoly Service to consider the possibility of canceling the export duty on sunflower seeds. A copy of the order is at the disposal of TASS, the authenticity of the document was confirmed in the apparatus of the Deputy Prime Minister. “I ask you to consider and report on the results to the government of the Russian Federation, as well as to inform the State Duma Committee on Agrarian Issues,” the order says. Position of the Ministry of Agriculture As TASS was told in the press service of the Ministry of Agriculture, the appeal was received by the ministry and will be considered in the prescribed manner. “It is worth noting that the department has repeatedly pointed out the need to sell sunflower seeds during a period of high prices for this crop and the inappropriateness ...

Source: Kvedomosti