Ukraine: cancelation of the duties on sunflower seed exports to cause crisis in the industry - Ukroliyaprom

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APK-Inform

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The Association Ukroliyaprom categorically does not support the draft law "On amendments to the Law of Ukraine "On the rates of export duties on the certain types of seeds of oilseed crops", informed the press-service of the Association on January 27.

According to the announcement, to date the export duties on sunflower seed in Ukraine totals 10%. Cancellation of the duties on sunflower seed will lead to growing of the oilseed export rates, not sunflower oil. As a result, there will be a crisis on the market of sunflower oil in Ukraine. All types of oilseed plants will stop its work, which are located in small regional centers and rural areas. Such enterprises generally contain the entire infrastructure of settlements, are the major taxpayers at such regions.

Ukroliyaprom stressed that the planned cancellation of the export duties on sunflower seed will make it impossible to continue any stable effective development of the fat-and-oil industry.

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