Russia stops exporting sunflower and rapeseed

Published 2022년 4월 1일

Tridge summary

Russia's Ministry of Agriculture has announced a suspension on exports of sunflower seeds and rapeseed from April 1 to August 31, with sunflower oil and flour exports being limited by quotas. This decision aims to protect the domestic market and business amidst rising global prices. Additionally, Dmitry Medvedev, deputy secretary of Russia's Security Council and chairman of the ruling United Russia party, suggested that Russia may limit agricultural supplies to 'friendly' countries, excluding the Western sanctioned countries, as a response to the ongoing sanctions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia's Ministry of Agriculture announced on Thursday that Russia will suspend exports of sunflower seeds and rapeseed from April 1 to August 31, BNR reported. Meanwhile, sunflower oil will be subject to a quota of 1.5 million tonnes, while the flour quota is set at 700,000 tonnes. "Currently, amid the sharp rise in world prices for sunflower oil and oilseeds, there is an increased demand for Russian products," the ministry said, adding that the decision was made to protect the domestic market and business. At the same time, Dmitry Medvedev warned on Friday that Russia, the world's leading exporter of wheat, could limit agricultural supplies only to "friendly" countries amid Western sanctions on Moscow over the war. Ukraine. Such countries are all off the list of "enemies" - the United States and Canada, the European Union, Britain and its island territories, Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, Northern Macedonia ...
Source: Agri

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