Kazakhstan introduced an export duty on sunflower seed in the amount of 20%, but not less than 100 EUR/t.
The duty will come into force in February.
It is indicated that the duty on the export of sunflower seed has been introduced on a permanent basis.
The next step after the introduction of the export duty is the imposition of a tariff quota by the Ministry of Trade. A certain amount of sunflower seed will be exported duty-free, and above this amount will be shipped with duty. The preliminary size of the quota will be set at the level of the average volume of exports for previous years.
According to the estimates of the National Association of Oilseed Processors of Kazakhstan, during the first 5 months of 2022/23, sunflower exports have already exceeded the volume of exported oilseeds for the entire last season. The Association warned that the further uncontrolled export of sunflower seeds in the conditions of a shortage of this product on the world market endangers the signing of the memorandum on the stabilization of prices for sunflower oil in the Republic.
According to the estimates of the National Oilseed Processors Association of Kazakhstan (NOPA), for the first 5 months of 2022/23 MY, sunflower seed export will exceed the volume of export for the entire previous season. The Association warns that the further uncontrolled export of sunflower seed in the conditions of a shortage of this product on the world market threatens the signing of the memorandum on the stabilization of prices for sunflower oil in the country.
