Area
Bilateral/Multilateral
Commodity Group
Oilseeds, oils and meals
Commodity
Sunflowerseed, sunflower oil, soybeans
Date
01/06/2020
Policy Category
Trade
Policy Instrument
Export policy (COVID-19 related)
Description
Eased the export restrictions for sunflowerseed oil and soybeans introduced recently to secure the custom unions supplies and stabilize consumer prices during the COVID-19 emergency, while retaining the export ban for sunflowerseed.
Notes
EURASIAN ECONOMIC UNION export policy (COVID-19 related, temporary measures): On 2 June, the Eurasian Economic Commission excluded soybeans from the temporary, COVID-19 related export restrictions introduced last April (see MPPU May20). Furthermore, to stabilize the price of sunflowerseed on internal markets, the Commission envisaged to extend the export restrictions for sunflowerseed until 31 August 2020 (from the original expiry date 30 June). However, the export ban for seeds would be lifted in favour of a less restrictive regime, while exports of sunflower oil would be entirely freed from restrictions.
