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Russia Will Increase Export Tariff Rate of Sunflower Seeds and Rapeseeds from Jan.1, 2021

Pubtime:2020-12-17Author:Source: Hits:

Mishustin, Prime Minister of Russia said he signed the order to increase export tariff rate of sunflower seeds and rapeseeds to 30% from January 2021, but no lower than EUR165 per ton.

After outburst of COVID-19 epidemic, EEU banned oil crops export from April 12 to June 30, 2020, which could be exported upon approval from July 1 to Aug.31, 2020. Data of Russian Ministry of Agriculture in November shows sunflower seeds export to China accounts for 20% of total export, while China-oriented rapeseed export increased 50% on year on year basis. Certain Russian media reported in September that China-oriented rapeseed oil export doubled in this year, and sunflower seeds oil increased 1.5 times in the year.