MOSCOW (Reuters) - Russia will not extend its ban on exports of sunflower seeds at the end of August, the agriculture ministry said on Thursday.
Russia banned exports of sunflower seeds from April 1 to Aug. 31 to protect domestic supply for sunflower oil producers.
Ukraine and Russia are the world's largest sunflower oil producers, with India among major customers.
The ministry will keep its 50% export tax for sunflower seeds until the end of August, 2023, it added.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.