Russia Increases Rapeseed Oil Exports by 40%

According to the assessment of the federal center "Agroexport," Russia increased rapeseed oil exports by 40% in physical terms and by 56% in value terms in the first half of the year compared to the same period in 2024, said the center's head Ilya Ilyushin during a press conference. He clarified that from January to June, the country exported over 780,000 tons of rapeseed oil worth approximately $760 million. This has never happened before, the expert emphasized. Rapeseed is a product historically led by Canada in terms of supplies, the head of "Agroexport" reminded. "Historically, Russia sold rapeseed, rapeseed oil, and meal to Europe, which imposed prohibitive duties. But Russian companies have reoriented to other countries," he noted. Oilseed harvests in Russia are increasing year after year, not only due to sunflower crops but also rapeseed and soybeans. "And we see that this season expects an even larger rapeseed harvest. Accordingly, Russia will increase its oil and fat ...