The Russian Federation kept the duty on sunflower oil exports at zero in February

The duty on the export of sunflower oil from Russia in February 2024 will be zero, as a month earlier, according to the materials of the Ministry of Agriculture of the Russian Federation. Last June, the duty was reset to zero for the first time since February 2023. At the same time, the duty on the export of sunflower meal in February 2024 will increase to 4.321 thousand rubles. per ton from 4.079 thousand rubles. in January. The duty on oil is calculated based on an indicative price of $794.3 per ton ($772.1 a month earlier), on meal - $249.7 ($239.9 a month earlier). From September 1, 2021 to August 31, 2023, a floating export duty of 70% was introduced on sunflower oil. It is charged from the difference between the ...