AreaRussian Federation

Commodity GroupOilseeds, oils and meals

CommoditySunflower oil

Date01/04/2021

Policy CategoryConsumption and marketing

Policy InstrumentMarket regulation

DescriptionSubsidized, from mid-April to end-September 2021, the production and sale of sunflower oil by companies participating in a previously agreed voluntary price stabilization scheme.

NotesRUSSIAN FEDERATION – market regulation: In line with plans announced in March, in April, the Government started subsidizing the production and sales of sunflower oil by companies participating in the recently agreed voluntary price stabilization programmes (see MPPU Apr.’21). Reportedly, RUB 9 billion (USD 124 million) have been allocated to support subsidized sales of both sunflower oil and sugar. In the case of sunflower oil, the subsidies will be available until end-September.