Production of vegetable oils in the Russian Federation exceeded 10 million tons last season

Published 2024년 10월 1일

Tridge summary

In the 2023/24 season, the Russian oil and fat industry saw a significant increase in production, with over 10 million tons of vegetable oils produced, marking an 8% rise from the previous season. This growth was fueled by a record harvest of oilseeds and extensive stock processing. Sunflower oil production experienced the highest growth at 14%, while rapeseed oil production declined by 14%. Key production regions included Krasnodar Territory, Voronezh, Rostov, Belgorod, and Kaliningrad Regions. Plant meal production also increased by 10% to 14.2 million tons, with sunflower meal leading at 7.54 million tons. The production of margarine and mayonnaise remained stable. The top five companies, including GC Sodruzhestvo, GC EFKO, and GC Rusagro, dominated 46% of the market.

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

Original content

Moscow. October 1. INTERFAX.RU - The Russian oil and fat industry produced more than 10 million tons of vegetable oils in the 2023/24 season (September 2023 - August 2024), which is 8% more than in the previous season. This was reported to Interfax by the OleoScope analytical center. This figure was achieved due to a record harvest of oilseeds and the processing of large stocks of raw materials accumulated over several seasons, analysts explained. The highest growth rates compared to the previous season - by 14% to 7.81 million tons - were achieved in the production of sunflower oil. The production of soybean oil increased by 4% and amounted to about 1.1 million tons. At the same time, the production of rapeseed oil decreased by 14% to 1.24 million tons. "This happened due to a reduction in the gross rapeseed harvest and significant export of this agricultural crop through the border crossing in the Trans-Baikal Territory," analysts reported. According to OleoScope, the five ...

Source: Interfax