Moscow. July 2nd INTERFAX.RU – The Ministry of Agriculture converted into rubles the previously announced export duty in dollars for sunflower oil and meal for July.

According to the agency, the duty for sunflower oil this month will be 8408.7 rubles per ton, for meal – 1783.1 rubles per ton.

Indicative prices, on the basis of which duties were calculated, amounted to $1,800.2 per ton for oil and $312.8 per ton for meal.

As reported, the government of the Russian Federation adopted a resolution on the transfer of duties on the export of grain, sunflower oil and meal into rubles. The resolution, signed on June 30, 2022 and posted on the official portal of legal information, also provides for a one-year extension, until August 31, 2023, of the export duty on sunflower oil and sunflower meal.

According to the resolution, as part of the transfer of duties to rubles, the base price for calculating the export duty for sunflower oil is 82,500 rubles per ton (instead of $1,000, which were taken into account earlier), for meal – 13,875 rubles (instead of $185) per ton. For conversion into rubles, the formula for calculating duties includes such an indicator as „the arithmetic average of the US dollar against the currency of the Russian Federation, established by the Central Bank of the Russian Federation for 5 working days preceding the date of calculating the export customs duty rate for grain crops”.