Export duty on Russian sunflower oil to fall 71.4% to 1,338 rubles per tonne in June - AgMin

MOSCOW. May 26 (Interfax) - The export duty on sunflower oil from Russia will fall 71.4% to 1,337.5 rubles per tonne in June from 4,650 rubles per tonne in May, the Agriculture Ministry said.

The export duty on sunflower meal is again zero.

Indicative prices on which the June duties are based are $1,292.3 per tonne for oil against $1,291.8 a month ago and $200.3 for meal versus $196.1.

The duty on sunflower oil is 70% of the difference between the base price and the indicative price, which is the average market price for the month. The base price for calculating the duty on sunflower oil is 90,750 rubles per tonne and it is 17,463 rubles per tonne for sunflower meal.

Russia introduced a "sunflower damper" mechanism on September 1, 2021. Duties have been calculated in rubles since July 2022 rather than in dollars as previously.

The duties were extended for two years in August 2024, until September 1, 2026. The government in October 2025 extended them for another two years after that, until August 31, 2028.