Russia: Soybean price rises despite export duty

The soybean price in Russia has gone up during the past several months. This is despite the export duty introduced by the Russian government to constrain the upward price rally on the domestic market. Despite the measures taken by the Russian government through the introduction of export customs duty on soybeans, the selling prices for soybeans increased in the Central Federal District. It has gone from 37.5 roubles ($ 0.5) to 50.5 roubles ($ 0.68) with VAT per 1 kg. And in the Far East: