Russia increased exports of oil and fat products by 29% in 2023

Moscow. December 29th. INTERFAX.RU - Russia in 2023, according to preliminary data, exported more than 10.5 million tons of oil and fat products, which is 29% more than in 2022, reports the Agroexport center under the Ministry of Agriculture, citing Mikhail Maltsev, executive director of the fat and oil union . "Shipments of vegetable oils increased by almost 1.4 million tons, to 6.3 million tons, meal - by almost 1 million tons, to 4 million tons. The lion's share falls on sunflower oil - over 4 million tons, the export of rapeseed also increased significantly oil - more than 1.5 million tons," he said. According to Maltsev’s forecast, in 2024 the export of vegetable oils could reach almost 7.4 million tons. First of all, this will be facilitated by increasing supplies of sunflower oil, which can update the record and cross the 5 million tons mark. “Shipments of soybean oil will increase by 20%, and exports of rapeseed oil will remain at approximately the same level,” Maltsev ...