Russia may reduce the export duty on soybean to 20% but not less than 100 USD/t, informed Интерфакс citing a market source.
The governmental subcommission for customs and tariff regulations will discuss this option on April 28. The duty if reduced will be in force from July 2021 to September 2022.
Currently, the export duty on soybean is 30% but not less than 165 EUR/t in Russia. It will be in force until June 30, 2021.