Ban on the export of sunflower seeds for three months from April 1st, 2020.
The Russian Oil and Fat Union proposed a temporary ban on the export of sunflower seeds from April 1, for six months. This proposal increased purchase prices for Russian sunflower in Turkey by 20 USD per ton.
Earlier, the Oil and Fat Union proposed increasing the export duty on sunflower – up to 20% from the current 6.5%, but not less than 9.75 EUR per ton. This is necessary in order to increase the load of oil and fat enterprises and increase the export of sunflower oil, which in recent years has become the driver of the export program of the Russian agricultural sector, the union explained.
Source: INTERFAX
- What is the purpose of banning the export of sunflower seeds?
– We took the initiative to ban sunflower exports for a period of 6 months in order to stabilize prices in the domestic market. Due to recent events in the world, prices for sunflower in the country increased by an average of 20%. In addition, in anticipation of an even higher price, farmers reduced the volume of offers for sale several times. At the same time, export oil prices declined. Oil and fat enterprises are now forced to work at a loss in order to prevent a sharp increase in product prices for the Russian consumer,” said Mikhail Maltsev, Executive Director of the Oil and Fat Union of Russia
- Why is the ban on sunflower seeds, and not on oil, as a final consumption product?
– We have no problems with the volumes of sunflower oil, we have problems with the price of sunflower oil. If the prices of raw materials – seeds, do not change, this will invariably affect the price of the final product. In conditions when people lose their income, we consider the price increase for such a socially significant product as sunflower oil unacceptable.
We hope that the state will regulate the level of prices in the market by limiting the export of raw materials, which are heated by the growing dollar. Closing the export of raw materials in this situation is the most balanced decision that will balance the cost of oil production.
Source: AGROVESTNIK
EEC Council expanded the list of goods exempted from import customs duties and simplified requirements for certificates of origin.
In order to minimize the negative economic consequences of the spread of coronavirus infection COVID-19, to prevent a shortage of socially important goods in the EAEU countries, the Council of the Eurasian Economic Commission on April 3 approved a list of critical import goods. In respect of them, a tariff exemption is provided in the form of exemption from import customs duties when importing into the states of the Eurasian Economic Union from April 1 to June 30 of this year inclusive.
Source: EEC Council
Related Posts
GROWTH OF OUR NEW 2020 CROP ON-LINE
Dear partners & customers, you can see all stages of the growth of our organic products on-line, in our different projects and in...
Russia is going to increase the export duty of sunflower seeds up to 20%
Source: Zerno On-Line Informagenstvo (translated from Russian language) Since February 2021, Russia plans to increase the export duty on...
European rapeseed market: anti-record production and a course to increase imports
Source: APK Inform (translated from Russian language) In the European Union, rapeseed is one of the key oilseeds. However, in the past few...