The ban on rapeseed exports from Russia will be replaced by an export duty

A country has decided to extend export duties on sunflower and soybeans instead of imposing a ban on rapeseed export. The export duties on sunflower seeds and soybeans will be in effect from September 1, 2024, to August 31, 2026, with specific rate and minimum price per tonne. The 'floating' export duties on sunflower oil and sunflower meal will also be extended for the same period. The decision aims to regulate the export prices of these agricultural products.

Extension of export duties on sunflower and soybeans This decision was taken to replace the current ban on the export of rapeseed from the country. In addition, the subcommittee supported the decision to extend the period of validity of export duties on sunflower seeds at 50 percent, but not less than 32 thousand rubles per tonne from September 1, 2024 to August 31, 2026, and on soybeans - at 20 percent, but not less than USD 100 per tonne. Export duties on ...