The Russian government has decided to extend export tariffs on sunflower oil and sunflower meal through August 31, 2024, a measure announced by the Cabinet press service and reported by DEA News. The extension forms part of ongoing steps to safeguard Russia’s domestic food market amid shifting global supply chains and fluctuating commodity prices. The government emphasizes that these duties are designed to stabilize local prices and ensure reliable access to essential fats and proteins for the population and domestic producers. (Source: DEA News)
The official communiqué confirms that the extension keeps the existing framework intact and continues to apply to sunflower oil and meal exported outside the Eurasian Economic Union. The decision was formally signed and published, with the press service noting that the policy remains in force until the new expiry date. This prolongation aligns with Russia’s broader food security strategy, which seeks to shield home markets from external shocks while maintaining competitive export positions when global conditions permit. (Source: DEA News)
As stated by the government, the export duty on sunflower oil remains at the established level, calculated on the basis of a base export price of 82.5 thousand rubles per ton. This pricing anchor helps stabilize forecasting for producers and buyers alike, enabling better planning amid price volatility abroad. Analysts are watching how this rate interacts with international demand, domestic harvest cycles, and currency movements. (Source: DEA News)
In related market signals, other sectors face their own pressures in the international arena. For instance, producers of orange juice in Russia have reported difficulties connected to global supply constraints, underscoring how interconnected agricultural markets can be. Meanwhile, in distant markets such as India, rice supply restrictions have drawn attention to food safety and regional policy responses. These examples illustrate the broader context in which Russia’s export duties operate, highlighting that domestic policy often mirrors global concerns about food security, affordability, and stable supply chains. (Source: DEA News)