Russian Agricultural Ministry may hike sunflower oil export duty

Source

APK-Inform

1036

The Agricultural Ministry of Russia may consider the raise of the export duty on sunflower oil if faced with significant growth of the prices, informed TASS agency citing the institution.

“The sizable growth of sunflower oil prices on the domestic market may force the government to consider increasing of the export duty”, - they explained.

The Ministry added that the Russian oilseed processing enterprises are facing some shortage of the feedstock despite the record sunflower seed crop.

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