18/02/2016 (UkrAgroConsult) - Domestic prices for oilseeds in Russia remained unchanged. On the EXW basis prices for sunflower seed are announced in average in the range of RUB 26500-27500/ MT. Ruble strengthening and stabilization of export prices for sunoil triggered stabilization of domestic sunflower seed market. However, the pace of farmers’ sales of seeds to the plants remains quite low.

Also the development of the Russian oilseed market is determined by the possible implementation of excise duty on palm oil in the Russian Federation. The implementation of the excise duty may increase domestic prices for sunflower oil and, as a result, prices for oilseeds.

More information on price behavior on the oilseeds and vegoils market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Vegoils and CIS" and "Online market review" by UkrAgroConsult.

Further development of oilseed market in Russia, Ukraine and Black Sea countries will be discussed at the IV International Conference “Black Sea Oil Trade-2016” on September 7, 2016 ​in HILTON hotel, Kyiv, Ukraine. Organizer - consulting agency UkrAgroConsult.