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Russian Oil and Fat Union proposes increasing soybean export duty to 30% by September 2026

The Russian Oil and Fat Union is advocating for a hike in the soybean export duty to 30% effective September 1, 2026, to prioritize domestic processing. While this reflects industry lobbying, the final government decision remains pending and subject to regulatory approval.

Interfax1 day agoRUCredibility 48%View source

Score Breakdown

Mosaic Score8.0

Confidence0.5

Significance0.5

Source credibility0.5

Intelligence Tags

#agriculture #soybeans #export-controls #russia #trade-policy

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Part of 2 situations

developingTradeMarkets6h ago

Russian Trade Policy: NNE Exports Rise, Agricultural Export Duties Increase

Russia's non-resource non-energy (NNE) exports increased by 6.9% to $67.15 billion in the first five months of 2026, indicating a continued shift in export composition despite sanctions. Concurrently, Russia has increased export duties on sunflower oil for August and is considering a similar increase for soybeans, reflecting state efforts to regulate domestic agricultural markets. Bilateral trade with Kazakhstan also grew by over 4% in the same period.

→ stable·5 signals·RU, UZ, KZScore 7.6

activeGeopoliticsTrade6h ago