Export of Russian vegetable oil for 6 months of 2022 decreased

Published 2022년 7월 20일

Tridge summary

The article reports a 13% decrease in Russia's vegetable oil exports in the first half of 2022 compared to the same period last year, with a notable 22% drop in sunflower oil exports to Turkey. Despite this, there was an increase in soybean and rapeseed oil exports to Egypt and China, respectively. Oilseed exports rose by 18% to 1.46 million tons, and sunflower seed exports to the EAEU countries increased almost eight times. However, soybean exports to China and Belarus saw a decrease. Meal exports also saw a 9% increase, with sunflower meal finding a higher demand in Latvia, Turkey, and Belarus. Margarine products exports experienced a significant 112% increase, with Uzbekistan as the main buyer.

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Original content

The estimated export of vegetable oils for the first half of 2022 was 2.1 million tons, which is 13% lower compared to the same period last year. During the reporting period, the volume of export of sunflower oil amounted to 1.39 million tons, which is 22% lower than last year. Turkey was the main buyer. Export of soybean oil in January-June amounted to 0.28 million tons, which is 4% higher than last year. The leaders in the purchase of soybean oil were Egypt and Algeria. The export of rapeseed oil in January-June 2022 amounted to 0.41 million tons (+23% compared to the same period of the previous year). Half of the volume is sent to China. For the first half of 2022, oilseed exports increased by 18% compared to the same period last year and amounted to 1.46 million tons. In January-June of this year, the volume of export of sunflower seeds amounted to 0.18 million tons, which is almost 8 times higher than the export of the same period last year. Almost all seeds went to the EAEU ...

Source: Oilworld