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Russia will cut soybean export tariffs from July 1

 Last Update: 2021-06-04
 Source: Internet
 Author: User

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Foreign media news on May 31: The Russian government stated that from July 1, 2021, Russia's soybean export tariffs will be reduced to 20%, but not less than US$100/ton.

For comparison, the current soybean export tariff is 30%, but not less than 165 euros/ton.

The Russian government said that the reduction in export tariffs will help expand exports and curb further price increases.

The reduced export tariffs will be implemented until August 31, 2022.

Soybean exports

For comparison, the current soybean export tariff is 30%, but not less than 165 euros/ton.

The Russian government said that the reduction in export tariffs will help expand exports and curb further price increases.

The reduced export tariffs will be implemented until August 31, 2022.

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