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Russia's Ministry of Agriculture raised the January 2025 export duty on sunflower oil by about 1.7 times to 16,067 rubles per tonne, up from 9,195 rubles. The duty on sunflower meal rose to 4,771 rubles from 3,788 rubles.
A higher export duty cuts Russian sunflower oil and meal export competitiveness, shifting supply toward domestic markets and supporting world sunflower oil prices.
grain-protrade.comGrain ProTradeJan 7, 2025After 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.
