In 2022, Russia increases shipments of meal, soybean and rapeseed oil

Published 2022년 10월 20일

Tridge summary

From January to September of 2022, Russia experienced a significant increase in the export of oilseeds, with a 62% increase compared to the same period the previous year, totaling 2.39 million tons. The majority of these exports were to EAEU countries, with the exception of soybeans, which were primarily exported to China and Belarus. While vegetable oil exports saw a 9% decrease compared to the previous year, there was an increase in the export of soybean meal to Germany and a decrease in rapeseed meal exports. Additionally, there was a notable increase in the export of margarine products to Uzbekistan.

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

Original content

For the first nine months of 2022, according to experts, the export of oilseeds increased by 62% compared to the same period last year and amounted to 2.39 million tons. In January-September of this year, the volume of export of sunflower seeds amounted to 210 thousand tons, which is 6.9 times higher than the export of the same period last year. Almost all seeds (97%) went to the EAEU countries. Exports of soybeans in the first nine months amounted to 1.12 million tons. Compared to the same period of the previous year, volumes increased by 28%. The main buyers are China (900 thousand tons) and Belarus (179.5 thousand tons). The export of rapeseed for the reporting period amounted to almost 400 thousand tons (+79% compared to the same period last year). Almost the entire volume was sent to the EAEU countries. The estimated export of vegetable oils for January-September 2022 amounted to 3.08 million tons, which is 9% lower compared to the same period last year. During the reporting ...

Source: Oilworld