Russia increased exports of rapeseed oil by 1.7 times in 2023

Published 2024년 1월 16일

Tridge summary

Russia's rapeseed oil exports in 2023 increased by 1.7 times compared to 2022, with China remaining the main buyer and accounting for 1.46 million tons of exports. The top 5 buyers also include European countries, Turkey, and Belarus, totaling nearly 100 thousand tons of rapeseed oil. Russia's rapeseed oil production is expected to reach 1.4 million tons in the 2022/2023 season, with almost the entire volume planned for export.

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Original content

Moscow. January 16. INTERFAX.RU - Russia in 2023, according to preliminary data, exported 1.7 million tons of rapeseed oil, which is 1.7 times more than in 2022, export revenue increased by 20%, reports the Agroexport center under the Ministry of Agriculture. Data on supplies to the EAEU countries take into account indicators for January-November 2023. China remains the main buyer of Russian rapeseed oil. In 2023, 1.46 million tons of it were exported to this country (an increase of 2.2 times); in value terms, supplies increased by 53%. “The leading importers of Russian rapeseed oil traditionally include European countries, but their share is decreasing. Last year, exports to Latvia decreased by 20%, to 76 thousand tons, in value - by 47%. Shipments to Norway decreased fourfold, up to 16 thousand tons, and 6.7 times in value,” the statement says. The top 5 buyers also include Turkey (9.2 thousand tons, a decrease of 62%) and Belarus (8.2 thousand tons, an increase of 12%). ...

Source: Interfax