MOSCOW, Nov 9 (Reuters) – Russia has set its export tax for sunflower oil at $276.7 per tonne for December, up from $194.5 per tonne in November, the agriculture ministry said on Tuesday.
The government decided to launch a formula-based tax from Sept. 1 for one year as part of measures it hopes will help to stabilise domestic food price inflation.
The December tax is based on an indicative price of $1,395.4 per tonne, the ministry said.
(Reporting by Polina Devitt, writing by Tom Balmforth; editing by Emelia Sithole-Matarise)
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