Russia implements export duty on soybean since February 1

Source

APK-Inform

2209

Russia implements temporary export duty on soybean since February 1, 2021. The corresponding decree of the government of Russia No2397 as of December 31, 2020 was published at the official website on January 4.

The export duty on soybean is set at 30% but not less than 165 EUR/t. It will be valid from February 1 to June 30, 2021. Current export duty on soybean is 0%.

Russia has implemented 30% but not less than 165 EUR/t export duty on sunflower seed and rapeseed to be valid from January 9 to June 30, 2021. The duty was set to stabilize inner food prices. Current export duty on sunflower seed is 6.5% but not less than 9.75 EUR/t, rapeseed - 6.5% but not less than 11.4 EUR/t.

Advertising

Enter