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Russia's Ministry of Agriculture decreased export duties on sunflower meal for November 2023, effective 1 November through 30 November. The export tax on sunflower oil stays at zero.
Lower Russian export duties on sunflower meal make Russian meal more competitive in world markets, adding export supply that weighs modestly on meal prices.
globaltradealert.orgOct 26, 2023Not enough comparable past events yet for a historical read.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
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.
