It will be difficult for Europe to replace oilseed products from Russia - experts

Oil & Fats

Russia

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Innovation & Technology

Published Mar 23, 2024

Tridge summary

Europe may struggle to find alternative sources for certain types of oilseed products, such as flax, sunflower meal, oilseed pulp, peas, and durum, if Russia under-delivers, according to Rusagrotrans company data. This could potentially impact the supply of these products in markets where Russia is a significant player. In 2021, Russia supplied approximately 4.9 million tons of agricultural products to the European Union, including 1.4 million tons of grains.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Europe will have problems replacing Russia in several types of oilseed products. This was reported by TASS with reference to data from the analytical center of the Rusagrotrans company. The organization noted that in a global market, under-delivery of “items sensitive to Russia” to European countries will force Europeans to purchase these products in other countries. It is also noted that these countries “will supply fewer products to the markets where Russia will enter.” Examples of such items in Rusagrotrans were flax, sunflower meal, oilseed pulp and other cakes, peas, durum, etc. They noted that our country has been expanding the supply of all these products abroad in recent years. For example, meal is exported to China and Turkey, flax and pulp - India, peas - to the same country and also to China. And durum (soft wheat) can be imported into such major crop-consuming countries from North Africa as Algeria, Morocco and Tunisia. Read also The Czech ...

Source: Rosng