In 2021, Russia increased the export of rapeseed oil by 40%

Published 2021년 5월 26일

Tridge summary

Russia has seen a 14% increase in rapeseed oil exports in the first four months of 2021, reaching 219 thousand tons and valued at $229 million, a 40% increase from the same period last year. China and Norway are the largest buyers, with China importing 118 thousand tons, a 47% increase from last year, and Norway importing 62 thousand tons, a 74% increase. Despite a decrease in imports to Latvia and Lithuania, Russia's record 2020 rapeseed harvest has contributed to the increase in exports, which is expected to continue with an increase in rapeseed cultivation area.

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

Original content

In January-April 2021 * Russia increased the export of rapeseed oil by 14% compared to the same period last year to 219 thousand tons. In value terms, the volume of supplies abroad increased by 40% to $ 229 million. In the first four months, rapeseed oil from Russia was exported to more than 20 countries. Since 2019, China has been the largest buyer of rapeseed oil from Russia. Over the four months of this year, 118 thousand tons were delivered to this country, which is 47% more than the corresponding period of 2020, in the amount of $ 128 million (+ 79%). Norway is also among the leading importers of Russian rapeseed oil: in annual terms, shipments to the Kingdom increased by 74% to 62 thousand tons in physical terms and by 92% to 59 million dollars in monetary terms. Deliveries of the product to Latvia decreased by 43% to 12 thousand tons worth USD 13 million (-24%), and to Lithuania - by 2.9 times to 8.8 thousand tons by USD 8.6 million (2 , 4 times less). At the same time, 6 ...

Source: Aemcx