That is why the government has decided to raise the export palm oil tax from 3 USD/ton in January to 18 USD/ton in February. There is a new top level – highest for the period between August 2015 and the end of January.

This information is of utmost importance for the oilseed sector in the whole world. The low stocks make palm oil more expensive than another main oil type – sunflower, which is currently in abundant supply in the Black Sea region.