The Ag Ministry of Russia and the Fat-and-Oil Union have different view on regulation of the sunflower oil market
15 December, 2021 at 22:12
The Ag Ministry of Russia may upwardly revise the formula for the floating export tax on sunflower oil to ensure the provision of oil extraction plants with sunflower seed on a timely basis (the current tax rate is 70%), UkrAgroConsult reports.
At the same time, to optimize the industry’s operation in the longer term, the Fat-and-Oil Union advocates abolishing the tax and switching to targeted support, or at least cutting the tax rate from 70% to 30%.
