Unrefined sunflower oil from Bashkortostan is in demand in Iran, China and India

Sunflower Lecithin

China

Market & Price Trends

Published Feb 21, 2024

Tridge summary

Radiy Khabirov, the Head of Bashkortostan, has discussed the potential for increasing exports from the Elevator company, a major agricultural producer and exporter in the republic. The company, part of the Sigma group, operates two key complexes in Bashkortostan, employing around 1,100 people and processing 890,000 tons of seeds annually. In 2023, Sigma's total sales exceeded 600,000 tons, with over half being exported, primarily to Iran and China. The company also began shipping to India in 2024.

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

At the weekly operational meeting, which was held by the Head of Bashkortostan Radiy Khabirov, the prospects for increasing the export potential of the Elevator company (part of the Sigma group of companies) - one of the key producers and exporters of agricultural products in the republic - were discussed. Director of the Elevator company Sergei Varlamov said that the structure of the Sigma Group of Companies includes nine structural divisions. Of these, two key complexes are located in Bashkortostan. These are the Chishminsky oil extraction plant and the oil extraction plant of Elevator LLC in Kumertau, which employ about 1,100 people. The volume of seed processing at these enterprises reached 890 thousand tons per year. Over the past five years, they have allocated more than 5 billion rubles to the state budget and extra-budgetary funds, of which 1.43 billion rubles went to the budget of Bashkortostan. At the end of 2023, total sales of the Sigma group of companies amounted to ...

Source: Oilworld