# Russia’s sunoil export tax to hit producers, exporters 18.08.2021 - UkrAgroConsult

> 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.

- Date: 2021-08-18 · published 2021-08-18T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/45687-russia-s-sunoil-export-tax-to-hit-producers-exporters-18-08-2021-ukragroconsult
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

The export duty may depress Russian sunflower oil and seed prices and redirect volumes, changing competitiveness and export flows in global vegetable oil markets.

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/russias-sunoil-export-tax-to-hit-producers-exporters/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.