Russia's Agriculture Ministry proposes extending ban on rapeseed exports until Aug 31, 2024 - draft resolution

MOSCOW. Feb 14 (Interfax) - Russia's Agriculture Ministry has proposed extending the ban on exporting rapeseed from March 1 to August 31, 2024, and the government has posted the corresponding draft resolution on the website for drafting regulatory legal acts.

The proposal concerns rapeseed under the Eurasian Economic Union (EAEU) Foreign Economic Activity Commodity Nomenclature (FEACN) codes 1205 10 900 0 and 1205 90 000 9.

The ban will not apply to exporting rapeseed through the Zabaikalsk checkpoint. The measure remains in effect.

Russia implemented restrictions on exporting rapeseed for the first time from April 1, 2022 to August 31, 2022, and in September 2022, it extended the restrictions until February 28, 2023, then until August 31, 2023, and February 29, 2024.

Federal State Statistics Service (Rosstat) data indicate that Russia's harvest of winter rapeseed totaled 1.4 million tonnes in 2023 versus 1.6 million tonnes in 2022, and spring rapeseed totaled 2.8 million tonnes against 2.9 million tonnes, respectively.