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Russia's 2020/21 sunflower seed season was hurt by adverse weather, with seed exports down 55% from the prior season. For 2021/22, Russia raised its export duty on sunflower seed outside the EAEU to 50% and imposed a floating duty on sunflower oil exports.
Higher Russian export duties restrict Black Sea sunflower product flows, which supports sunflower meal and oil prices outside Russia while tightening availability.
ukragroconsult.comSvetlana KupreevaNov 24, 2021Not 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.
