Russia to Retain Third Place in Vegetable Oil Supplies in 2024

Published 2025년 1월 20일

Tridge summary

In 2024, Russia ranked as the third largest exporter of vegetable oils, with an 8% increase in exports compared to 2023, reaching 7.29 million tons. The country's share of the global export market also grew from 7.6% to 8.5%. Sunflower oil was the most exported type, with a 24% increase, primarily to India, followed by soybean oil and rapeseed oil, which saw a 2% and 30% decrease, respectively. China was the main importer of rapeseed oil. Additionally, exports of plant meals and margarine products increased, with Kazakhstan being the main importer of these products.

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

Original content

In 2024, Russia remained the third largest exporter of vegetable oils, increasing the export of this product abroad by 8 percent compared to the same period in 2023 - to 7.29 million tons. This was reported by Interfax with reference to data from the OleoScope information and analytical center. The country has occupied this place for the second year in a row. At the same time, its share in the export of this product even increased - from 7.6 to 8.5 percent. Of the specific types of oils, the indicator increased the most for sunflower oil - by 24 percent to a record figure of 5.46 million tons. Most of these volumes, 2.17 million tons, were purchased by India. Turkey and China are in second and third place with 795 and 574 thousand tons. The list of smaller importers is not provided here and below. Soybean oil supplies increased by 2% to 691 thousand tons. India and Algeria purchased the most of it with 288,000 and 220,000 tons. Its share of global exports was 6%. At the same time, ...

Source: Rosng