OREANDA-NEWSAccording to the results of October 2019, sunflower export from Russia will reach 30 thousand tons, while in October 2018 only 6 thousand tons were exported, Kommersant reports citing Sovecon.

The export of this crop is stimulated by a high yield and low prices, the report said. So, according to the Ministry of Agriculture, on October 29, farmers harvested 13.1 million tons of sunflower (+ 18%), and quotes, as Sovekon noted, fell to 15.65 thousand rubles per ton (-17.5%), writes Russian media. In general, according to forecasts, the export of sunflower in September-August 2019 can reach 500 thousand tons (+ 10%), which will be a record from 2000-2001, when 700 thousand tons were exported.

In the meantime, in order to stimulate the export of processed products, the oil and fat union has repeatedly proposed increasing the export duty to 20% (from 6%). According to preliminary estimates, with its increase, the transfer in favor of the plants may grow by 30-35 billion rubles.