Policy News
Russia’s export duty on sunflower oil reached another all-time high for February, increasing by 11.6% from January, while the export duty on sunflower meal decreased by 18% month on month, according to an update from the country’s Ministry of Agriculture on Friday January 24.
Malaysia lowered its crude palm oil (CPO) reference price for February to 4,817.70 ringgit ($1,072) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday January 16.
Russian government sets tariff-free quotas for agricultural products from Ukrainian occupied regions
Russia has introduced duty-free quotas for exports of grain, vegoil and meal from the Ukrainian occupied territories - or so called “new territories” - including the Donetsk, Luhansk, Zaporizhzhia and Kherson regions, according to an official note on the government’s telegram channel.
Malaysia raised its crude palm oil (CPO) reference price for December to 5,001.72 ringgit ($1,141) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday December 17.
The Turkish government is to further reduce import duties on sunflower seeds from the start of 2025 to bolster support local farmers, according to an announcement in the Official Gazette of the Republic of Turkey.
Malaysia raised its crude palm oil (CPO) reference price for December to 4,471.39 ringgit ($1,059) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday November 19.
China will cut the export tax rebate of 13% for chemically modified animal, plant or microbial oils and fats, including used cooking oil (UCO) and aluminium and copper products, in a statement by the country's Ministry of Finance on Friday November 15.
The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.
Palm oil exports from Indonesia, the world’s largest producer of palm oil, are expected to post year-on-year declines in 2024-2025 on the back of higher domestic consumption and a mixed outlook for production, a senior official from the Indonesian Palm Oil Association (Gapki) said on Friday November 8.
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 25.
Malaysia's Ministry of Finance (MoF) released an appendix late on Friday October 18 evening detailing its proposed revision of the export duty rates for crude palm oil (CPO) that was announced on the same day.