Russia restricts oilseed exports with higher tariffs

Russia will restrict exports of sunflower seed, rapeseed, soyabeans, corn, wheat and rye in the first half of this year until June.

A US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report on 31 December said the new measures, effective from 10 January to 30 June, were part of moves to reduce food prices.

An export tariff of 30% but not less than €165/tonne on sunflower seeds and rapeseed would be imposed. This was higher than the 6.5% but not less than €9.75/tonne export tariff on sunflower seeds. For rapeseed, the former rate was also 6.5% but no less than €11.4/tonne.

Russia has also introduced an export duty on soyabean shipments of 30%, but not less than €165/tonne from 1 February to 30 June to all countries except the Eurasian Economic Union member states, according to a government decree published on the official portal of legal information.

The Russian Ministry of Economic Development said the duty was introduced to prevent an increase in prices for soyabean oil and meal, which were used in the food industry, UkrAgroConsult reported on 6 January.

As of 16 December, the cost of soyabeans in Russia was 35,655 rubles (US$480)/tonne, 65% higher compared with their price on 19 December 2019, according to the Russian Agriculture Ministry.

UkrAgroConsult said the Agriculture Ministry and the Federal Antimonopoly Service would also monitor the price of soyabeans and soyabean meal from February until the end of June to prevent price hikes on the domestic market.