Information for fruit and vegetables business in CIS
Ukroliyaprom initiates 17% export duty for rapeseed
Association Ukroliyaprom, which consolidates Ukrainian oil-extracting enterprises, initiates 17 percent export duty for rapeseed,- Deputy Director General of the Association, Stepan Kapshuk, said on February 24, 2005. According to his words, the bill has already been submitted to Ministry of Agrarian Policy of Ukraine.
He supposes this measure to give the opportunity for many enterprises to enable their capacities in the period when processing of old crop seeds is over and new crop seeds crushing not started yet. This period usually falls for the second half of summer.
Today in Ukraine 17 percent export duty for sunflower seeds is in force. Ukroliyaprom directorate considers that this helps to stabilize and develop oilseed market of Ukraine.
According to the data of APK-Inform, rapeseed crop of Ukraine in 2004 totalled over 150,000 tonnes while in 2003 it did 51,000 tonnes, according to the data of State Statistics Committee.
Despite small crops of rapeseed in Ukraine, this crop always attracted exporters for the absence of duty and high demand for rapeseed in foreign markets. During last 6 years almost half of each year rapeseed crop is exported from Ukraine.