Loading…
Russia's agriculture ministry set a first floating export duty of $169.90/t on sunflower oil, effective 1 September. The duty aims to stabilise domestic prices.
Exporters disagree on whether it will cut export prices or create local oversupply, and Russia's sunflower seed export duty was raised to 50% earlier.
The export duty may depress Russian sunflower oil and seed prices and redirect volumes, changing competitiveness and export flows in global vegetable oil markets.
ukragroconsult.comAug 18, 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.
