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The Russian government approved the reduction of soybean export tax rate to 20% but not less than US$100/ton from July 1

 Last Update: 2021-05-31
 Source: Internet
 Author: User

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The Russian government passed a resolution stipulating that the foodmate.
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html" class="zdbq" title="Customs related food information" target="_blank">customs value from July 1 , but not less than 100 US dollars/ton.
The resolution will take effect from August 31, 2022 (including 31st).

The source said: "Russia has implemented a new tax rate on soybean exports since July 1, 2021.
The relevant resolution has been approved by the Russian government, and the tax rate is 20% of the value of the product, but not less than US$100/ton.
"

According to the Russian Government Information Service, lowering the tax rate on the one hand allows soybean producers to export some products, on the other hand, it can prevent soybean prices from rising.

The news also stated: "The resolution will take effect until August 31, 2022 (including 31st).
The resolution will help the domestic oil crops and their derivatives markets to maintain a balance.
"

foodmate.
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　　The news also stated: "The resolution will take effect until August 31, 2022 (including 31st).
The resolution will help the domestic oil crops and their derivatives markets to maintain a balance.
"

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