Russia: Export of oilseeds from Primorye in 2021 is 16.4 times higher than in 2020

Published 2021년 3월 2일

Tridge summary

In the first two months of 2021, the export of oilseeds and fruits from the Primorye region in Russia saw a significant increase of 18.9 times, reaching $173.7 million. This is due to a 16.4-fold increase in volume, totaling 511.3 thousand tons, which is 54% of the total exports from the Far Eastern Federal District. The majority of these exports, 99.7%, were sent to China, primarily soybeans, due to a 30% export duty imposed by the Russian government from February 1 to June 30, 2021. Other exports included cereals, fish, crustaceans, molluscs, animal or vegetable oils, and other products, making up 68.9% of the total agricultural exports from the Primorsky Territory as of February 21.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In monetary terms, deliveries in two months increased 18.9 times, to 173.7 million US dollars.According to the Federal Customs Service, the volume of exports of oilseeds and fruits from Primorye in 2021 (as of February 21) reached 511.3 thousand. tons, which is 16.4 times more than in 2020 (31.1 thousand tons) and 1.6 times more than for the entire 2020 (311 thousand tons). In monetary terms, supplies from Primorye increased to USD 173.7 million, which is 18.9 times more than the same indicator for 2020 (USD 9.2 million) and 1.6 times more than for the entire 2020 ( USD 103.7 million). By the end of February 2021, the export of oil seeds and fruits from the Far Eastern Federal District amounted to 947.8 thousand tons.The share of the Primorsky Territory in the volume of foreign shipments of these products from the district reaches 54%. Next comes the Amur Region - 24% (222.8 thousand tons), the Jewish Autonomous Region - 12% (117.7 thousand tons), the Khabarovsk Territory - 10% ...

Source: Specagro