Russia reduced soybean oil exports almost 4 times in October

게시됨 2024년 11월 25일

Tridge 요약

In October, the Russian Federation's exports of soybeans and soybean oil to China significantly decreased compared to the previous year. Soybean exports amounted to $21.9 million, a reduction of two times compared to October of the previous year, and overall supplies decreased twofold to $284.4 million from October of the previous year. Meanwhile, China's soybean oil production is expected to increase by 4% this season, reaching over 18 million tons. In contrast, Russia increased its soybean harvest to 6.8 million tons in 2023, an increase from 6 million tons in 2022, with the cultivation area expanding by 18.4% to 4.294 million hectares.

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원본 콘텐츠

In October, the Russian Federation exported $21.9 million worth of soybeans to China, which is two times less than in the same month last year ($44.2 million), according to the State Customs Administration of China. Over ten months, supplies have also decreased more than twofold - to $284.4 million from $590.8 million a year earlier. In January-October, China purchased soybeans from 15 countries. The largest suppliers were Brazil ($33 billion), the United States ($8.6 billion), and Argentina ($1.8 billion). This year, Russian soybean oil exports were also less than last year. In October, they amounted to $7.1 million, which is almost four times less than a year earlier ($28.2 million). But over 10 months, the decline dynamics were not so strong - to $112.8 million against $120.8 million, respectively. According to the OleoScope analytical center, China is the absolute leader in soybean oil production. Last year, production increased by 3% to 17.7 million tons. Analysts expect it ...

출처: Milknews