# Changes in the oilseed market after the EU bans on russian imports

> Analysts at UkrAgroConsult say the EU will impose tariffs of up to €95 per tonne on Russian and Belarusian sunflower seed, wheat, corn and feed products from July 1. Russia's meal exports to the EU are a large share of its total, so the EU will need other suppliers.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/29885-changes-in-the-oilseed-market-after-the-eu-bans-on-russian-imports
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The EU ban removes a cheap meal source and could lift European meal prices, while lower domestic meal prices in Russia would shift that trade. Buyers should expect tighter EU supply and shifting Black Sea flows.

## Read by commodity

- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/changes-in-the-oilseed-market-after-the-eu-bans-on-russian-imports/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.