Russia almost doubles rapeseed oil exports in 2023

Over the past year, supplies of Russian rapeseed oil abroad increased 1.7 times from 2022 - from one to 1.7 million tons. These data were provided by the Federal Center for the Development of Agricultural Exports (“Agroexport”, owned by the Ministry of Agriculture). In monetary terms, according to him, supplies increased by 20 percent. But the exact volumes of profit from the sale of goods are not given hereinafter. The largest buyer of the product was China with 1.46 million tons, which is 2.2 times more year-on-year. In value terms, supplies to this country increased by 53 percent. This country has traditionally been interested in sunflower oil, and it continues to enjoy huge demand, which our country is able to satisfy. The list of importers even included two European countries – Latvia and Norway. However, their indicators have decreased, which is likely due to a geopolitical factor. During the first of them, exports in volume terms decreased by 20 percent to 76 thousand tons, ...