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Russian Prime Minister Ishustin said he had signed an order to raise tariff rates on sunflower and rapeseed exports from January 2021.
The current tariff rate on rapeseed exports is 6.5 per cent of the duty-free price, but not less than 11.4 euros per ton, and the export tariff rate for sunflower seeds is 6.5 per cent, but not less than 9.75 euros per ton.
The Russian Ministry of Agriculture said on December 4th that the Sub-Committee on Tariffs, Non-Tariff Adjustment and Foreign Trade Safeguards of the Government's Economic Development and Integration Commission supported the increase in the tariff rate on sunflower and rapeseed exports to 30% from January 1, 2021, but not less than 165 euros per ton.
outbreak of the New Crown, the Eurasian Economic Union banned the export of oil crops from 12 April to 30 June 2020, and such products were licensed for export from 1 July to 31 August 2020.
according to november data from the Russian Ministry of Agriculture, Russian exports of sunflower seeds to China accounted for 20%, while Russian rapeseed exports to China increased by 50% year-on-year.
September, Russian media reported that Russia's exports of rapeseed oil to China doubled in a year, and exports of sunflower oil to China increased 1.5 times a year.
Ministry of Agriculture estimates that Russia's exports of sunflower oil to China could account for half of China's total imports by 2024.
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