Less than 2 months prior to a possible raise of export duty on Russian sunflower seed from current 6.5% to 30% exporters faced some difficulties in obtaining phytosanitary certificates. Some market participants suppose that the informal export restrictions are implemented in such a way. It may result in nonperformance of contracts and losses for traders, said one market participant to Коммерсантъ.
The head of SovEcon, Andrey Sizov confirmed that some market participants informed about isolated incidents in the south of Russia. The general director of the Institute for Agricultural Market Studies (IKAR), Dmitriy Rylko says that there is a “formalization of approach” to issue of phytosanitary certificates that can prolong the period of receipt of documents, demurrage of vessels, etc.
Difficulties in obtaining phytosanitary certificates appeared after information about the possible raise of export duty on sunflower seed from current 6.5% to 30% since January 1, 2021. Some market participants suppose this duty will be in force until the end of the season (August 31, 2021).
