Malaysian Palm Oil Council Russia's Post

Russia's export tax for sunflower oil to rise to $280.8/T in January

MOSCOW, Dec 3 (Reuters) - Russia has set its export tax for sunflower oil at $280.8 per tonne for January, up from $276.7 per tonne in December, the agriculture ministry said on Friday.

The government decided to launch a formula-based tax from Sept. 1 for one year as part of measures it hopes will help to stabilise domestic food price inflation.

The January tax is based on an indicative price of $1,401.2 per tonne, the ministry said.
By: via Malaysian Palm Oil Council Russia