The duty on the export of sunflower oil from the Russian Federation will amount to 2.9 thousand rubles for the first time since June 2023

Published 2024년 10월 25일

Tridge summary

The article announces the return of export duties on sunflower oil and meal from Russia, effective November 2023. The duty on sunflower oil will be 2,891.1 rubles per ton, while the duty on sunflower meal will increase to 3,422.4 rubles, up from the previous month's rate. These duties were zero since June 2023. The duties are calculated as a percentage of the difference between the base price and the indicative price, with the base price for meal increasing and the calculation of duties being converted to rubles in July 2022. The duties were extended until September 2026.

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Original content

Moscow. October 25. INTERFAX.RU - The duty on sunflower oil exports from the Russian Federation, which has been zero for over a year, will amount to 2,891.1 rubles per ton in November. The duty has been zero since June 2023. The duty on sunflower meal will increase to 3,422.4 rubles from 2,927.6 rubles in October. The calculation of duties was presented by the Ministry of Agriculture. The indicative prices, based on which the duties were calculated, were: for oil - $897 per ton ($862.2 a month ago), for meal - $215 ($217.4). The base price for calculating the duty on meal from September 1, 2023 was increased by 2 thousand rubles, to 15,875 rubles per ton, for calculating the duty on oil - has not changed and is 82,500 rubles per ton. The duties on oil and meal are calculated in rubles from July 2022. The amount of duty on sunflower oil is 70% of the difference between the base price (82,500 rubles per ton) and the indicative price (the arithmetic average of market prices for the ...

Source: Interfax