# Russia restricts oilseed exports with higher tariffs

> Russia will restrict exports of sunflower seed, rapeseed, soybeans, corn, wheat and rye from January 10 to June 30, 2021. Export tariffs of 30% (minimum EUR 165/t) apply to sunflower seed and rapeseed, and a 30% soybean export duty applies from February 1. The measures aim to curb domestic food price increases.

- Date: 2021-01-15 · published 2021-01-15T12:00:00.000Z
- Category: policy · region Russia · magnitude high
- Page: https://feedsoft.ai/events/49282-russia-restricts-oilseed-exports-with-higher-tariffs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Russian export duties remove significant oilseed and grain supply from world markets, which supports meal and oil prices in importing countries. Buyers outside the Eurasian Economic Union will face higher costs for these feedstuffs.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-11-13 | [Markets in the morning: Oilseeds: US fix tariffs on](https://feedsoft.ai/events/68078-markets-in-the-morning-oilseeds-us-fix-tariffs-on.md) | +1.4% | +0.5% |
| SOY | 2020-03-09 | [Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress](https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes.md) | -4.1% | -3.3% |
| SOY | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2016-11-23 | [Soybeans, soybean oil bound higher after EPA raises biofuel targets: Podcast](https://feedsoft.ai/events/6690-soybeans-soybean-oil-bound-higher-after-epa-raises-biofuel-targets-podcast.md) | +0.2% | -2.3% |
| SOY | 2020-04-24 | [Higher export taxes impact Argentina’s future soy acres \| 2020-04-24  \| World Grain](https://feedsoft.ai/events/53488-higher-export-taxes-impact-argentina-s-future-soy-acres-2020-04-24-world-grain.md) | +1.3% | -0.5% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/russia-restricts-oilseed-exports-with-higher-tariffs

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