Russia: Export of oilseeds and sunflower oil decreased

Published 2022년 2월 17일

Tridge summary

In January 2022, Russia experienced a significant decrease in the export of oilseeds, with a 83% drop compared to the same month in the previous year, totaling 117 thousand tons. Sunflower seed exports saw a three.5 times increase from the previous year but a 41% decrease from the previous month, primarily to EAEU countries. Soybean exports saw a 96% decrease compared to the previous year, with 70% going to China, while rapeseed exports experienced a 19% increase, all being sent to Belarus and Kazakhstan. Vegetable oil exports also saw a 40% decrease, with sunflower oil experiencing a 62% decrease, soybean oil exports seeing a 56% increase, and rapeseed oil exports increasing by 12%. The export of meals also saw an increase of 2% compared to the previous year, with the main buyer being Turkey.

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

Original content

In the first month of 2022, according to the Federal Customs Service of Russia, the export of oilseeds decreased by 83% compared to the same month last year and amounted to 117 thousand tons. Compared to December, the volume of seed exports in January decreased by 47%. January sunflower export volumes amounted to 21 thousand tons, which is 3.5 times higher than last year's volumes (in January 2021, exports amounted to 6 thousand tons). Compared to the previous month, volumes decreased by 41%. Most went to the EAEU countries (97%). The export of soybeans in January amounted to 25 thousand tons (-96% compared to the previous January). Compared to December, shipments decreased by 50%. About 70% were sent to China. The export of rapeseed for the reporting month amounted to 17 thousand tons (+19% compared to the same month of the previous year). Exports in January decreased by 41% compared to December. The entire volume was sent to Belarus and Kazakhstan. Compared to the previous ...

Source: Oilworld