In Transbaikalia, duties on the export of sunflower seeds have been sharply reduced

Published Jun 18, 2024

Tridge summary

The Russian government has introduced a special export duty rate for sunflower seeds from the Trans-Baikal Territory at 6.5%, with a minimum rate of 9.75 euros per ton. This is a temporary measure to help local oilseed producers maintain profitability, as the region lacks processing facilities. A tariff quota for the export of 1,523 tons of seeds has also been set, which will be managed by the regional governor Andrei Osipov, until the end of July.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian government has determined a special reduced rate for the export of sunflower seeds from the Trans-Baikal Territory. The corresponding resolution of the Cabinet of Ministers was published in the database on the customs portal tks.ru. For this region, until July 31, an unprecedentedly low duty rate of 6.5 percent will apply, but not less than 9.75 euros (at the current daily rate) per ton. Let us remind you that for other exporters the rate is half of the total customs value. As explained in the Cabinet of Ministers, this measure will allow regional oilseed producers to maintain the profitability of their enterprises in the absence of production facilities in the region for processing grown seeds. Further decisions on the “fate” of the bet will be made based on whether this problem will ...
Source: Rosng
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