Russia: Export of domestic oilseeds in the first 5 months of this year decreased by almost 20%

Published 2021년 6월 18일

Tridge summary

From January-May of this year, Russia experienced a significant decrease in the export of oilseeds, vegetable oils, and meals. Sunflower seed exports saw a 97% decrease compared to the previous year, while soybean exports increased by 82%. Rapeseed seed exports also saw a decrease of 30%. Sunflower oil exports to Turkey also decreased significantly, and there was a notable decrease in soybean oil exports. Sunflower meal exports to Latvia and soybean meal exports to the Netherlands and Norway increased. Mayonnaise products exports experienced an 18% decrease, with half of the total export going to EAEU countries. Overall, there was a 12% decrease in the export of vegetable oils and a 2% increase in the export of vegetable meal in January-May compared to the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January-May of this year, according to the Federal Customs Service of Russia and an additional estimate of the May indicators of analysts, the export of oilseeds decreased by 19% compared to the same period last year and amounted to 1,424 thousand tons. Compared to April, the volume of seed export decreased by 28% (from 89 to 64 thousand tons). Sunflower exports in May 2021 remained almost unchanged compared to April and amounted to 3 thousand tons. In January-May, volumes amounted to 22 thousand tons, which is 97% lower than last year's volumes for the same period. In May, only 1,000 tons left the EAEU. May export of soybeans is estimated at 10 thousand tons (27% higher than in March). For the period January-May, volumes amounted to 1,062 thousand tons (+ 82% over the same period last year). Export of soybeans outside the EAEU in May amounted to 1,000 tons. The export of rapeseed seeds in May also decreased (-21% to the previous month) and amounted to 23 thousand tons. Total ...
Source: Oilworld

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