Russian sunflower oil export duty to increase in December

Published Nov 26, 2024

Tridge summary

In December 2024, Russia will significantly increase the export duties on sunflower oil and meal, with the oil duty rising to 9,195.8 rubles per ton from 2,891.1 rubles in November, and the meal duty increasing to 3,788.4 rubles per ton from 3,422.4 rubles. This adjustment, announced by the Russian Ministry of Agriculture, is based on indicative prices of $954.7 per ton for oil and $212.5 per ton for meal. Notably, the duty on sunflower oil had been zero since June 2023 until it was set at 2,891.1 rubles in November 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The duty on sunflower oil exports from Russia in December 2024 will be increased to 9,195.8 rubles against 2,891.1 rubles in November, according to the Russian Ministry of Agriculture. At the same time, the duty on sunflower meal exports in December 2024 will be increased to 3,788.4 rubles per ton against 3,422.4 rubles in November. The duty on oil is calculated based on the indicative price of $954.7 per ton ($897 a month earlier), and on meal - $212.5 ($215 a ...

Source: Milknews