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Russia will ban sunflower seed exports from April 1 to August 31 and impose a 1.5 million tonne export quota on sunflower oil from April 15 to August 31. A 700,000 tonne quota for sunflower meal was also set.
The government cited sharp global price growth and domestic price pressure.
Russian export bans and quotas remove a major share of world sunflower oil and meal supply through August, pushing buyers toward palm, soy and rapeseed alternatives and keeping meal prices elevated.
esmmagazine.comDayeeta DasApr 1, 2022
reuters.comMar 31, 2022After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Not 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.
