Measures to support the industry will help keep prices for mayonnaise in Russia

04/09/2021 Measures to support enterprises in the fat and oil industry, as well as customs and tariff regulation of oilseed exports, will help provide consumers with a stable price level for mayonnaise and sauces, the Ministry of Agriculture said. The department believes that these measures will help the industry enterprises to maintain the necessary profitability of the production of fat and oil products, to reduce the cost of purchasing ingredients. The Cabinet of Ministers approved the export duty on sunflower from July 1, 2021 to August 31, 2022 in the amount of 50% (previously - 30%), but not less than $ 320 per ton. Also, until August 31, 2022, the 30% duty on rapeseed has been extended. Sunflower oil is subject to a floating export duty of 70% with the difference between the base price ($ 1,000 per tonne) and the average market price reduced by an adjustment factor ($ ...