OREANDA-NEWS The duty on the export of sunflower oil from Russia in June will amount to 7,119.8 rubles per ton against 4,500 rubles in May.

The duty on sunflower meal will increase to 1,244.1 rubles from 943.6 rubles per ton.

The calculation of duties was submitted by the Ministry of Agriculture.

The indicative prices based on which the duties were calculated were: $1,153.9 per ton for oil ($1,090.5 a month ago), and $219.8 ($211.2) for meal.

The amount of fees is 70% of the difference between the base and the indicative price (the arithmetic average of market prices for the month).

Russia has introduced a "sunflower damper" mechanism since September 1, 2021. At first, the duties were calculated in dollars, starting in July 2022 - in rubles.

The base price for sunflower oil is 82,500 rubles per ton, for meal - 15,875 rubles per ton.

In August 2024, these duties were extended for two years at once, until September 1, 2026.