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Russia will raise its sunflower oil export duty by 41% to $525/tonne from 1 June, and the sunflower meal duty rises 9% to $105/tonne. The measures follow earlier export controls and quotas on sunflower oil and meal.
Higher Russian export duties reduce sunflower oil and meal exports to world markets, tightening supply and supporting prices for sunflower and other vegetable oils and meals.
ofimagazine.comQuartz Business MediaMay 17, 2022Not enough comparable past events yet for a historical read.
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.
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.
