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Flaxseed: 10% duty on EU imports

July 11, 2024 at 4:45 PM , Der AUDITOR
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MOSCOW/OTTAWA. Since 1 July, EU imports of flaxseed from Russia and Belarus have been subject to a 10% import duty. This is dampening the mood in the market.

Traders are unsettled

On 1 July, a new regulation came into force that imports of agricultural goods that are delivered to the EU from or via Russia and Belarus must be taxed at a higher rate. In the case of flaxseed, the increase will be staggered, starting at 10% and rising to 20% next January. This will encourage flaxseed traders in other countries to raise their prices as well.

There is still a lot of uncertainty at the moment and EU importers are reporting different experiences. While some traders also had to pay the higher import fees for shipments fro

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