Russia's Agriculture Ministry set the July sunflower oil export duty at 3,294.2 rubles per tonne, up from 1,337.5 in June. The meal duty remains zero.
The duty is 70% of the gap between the base price and the monthly indicative price.
The sharply higher oil duty reduces Russian export competitiveness for sunflower oil and supports global sunflower oil prices. The zero meal duty keeps meal exports unaffected.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.