The Subcommittee on Customs, Tariff and Non-tariff Regulation, Protective measures in Foreign Trade of the Government Commission for Economic Development and Integration supported the suspension of the functioning of the damping mechanism providing for the operation of a "floating" duty on the export of grain crops. This is reported on the website of the Ministry of Economic Development.
It is planned to reset the export duty rate on grain crops until December 31, 2026.
With regard to the damping mechanism for sunflower oil and sunflower meal, the sub-commission approved the decision not to raise the "floating" export duty above the level of August 2026.
The relevant draft resolution will be submitted to the Cabinet of Ministers in the near future.
