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Government for sunseeds export duty temporary cancellation
14.11.2008 16:00 "Agro Perspectiva" (Kyiv) —
Government proposes to Parliament to abolish sunseeds export duty until Sept 01/09 on condition if sunseeds are exported directly by producers (or if having been purchased from producers at prices not below minimal), runs draft Law “About Preventing of Negative Consequences of Global Financial Crisis Effect on Ukrainian Agrarian-Industrial Complex Development,” registered in Parliament by Cabinet. As to draft Law, sunseeds should be exported under non-automatic licensing regime. Earlier, some Ukrainian oil crops market operators asked Government to cancel currently efficient sunseeds 14% export duty. As to operators, export duty cancellation will make it possible to raise sunseeds domestic market purchase prices (which have presently fallen to UAH950-1,200 per MT, down against this year early Sept UAH1,800 per MT). However, country fat-and-oil plants have strongly objected against sunseeds export duty cancellation. Plants say export duty cancellation will result in sunseeds uncontrolled exporting leading to domestic market fat-and-oil industry resources deficit. As earlier reported, Government was going to establish sunseeds domestic market minimal purchase prices. Reportedly, Ministry of Agrarian Policy forecasts this year sunseeds crop will total 6.2-6.3 mn MT, up against last year 4.2 mn MT.
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