Russia: Supplies of domestic fat and oil products abroad increased by 48%

Published 2021년 10월 27일

Tridge summary

Russia's agricultural exports have seen a 20% increase compared to last year, amounting to $26.733 billion as of October 24, with the fat and oil industry showing the highest growth at 48%. The EU continues to be the largest buyer, with a 13% share, while Turkey, China, South Korea, and Kazakhstan also contribute significantly. Grain, fish, meat, dairy, and food processing industry products have also seen substantial increases in export values. The Ministry of Agriculture predicts that this year's exports will reach $34-35 billion, with a goal of $47.1 billion by 2030.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia, as of October 24, exported agricultural products worth $ 26.733 billion, which is 20% more than last year, the Agroexport center under the Ministry of Agriculture said. Growth rates have accelerated somewhat. A week earlier, they were 19%. The highest growth rates continue to be demonstrated by the fat and oil industry. Since the beginning of the year, deliveries of fat and oil products have grown by 48%, to $ 5.35 billion. The bulk of exports falls on grain - they were delivered for $ 8.051 billion (an increase of 12%). Exports of fish and seafood from the Russian Federation increased by 21%, to $ 5.131 billion, meat and dairy products - by 30%, to $ 1.169 billion, food and processing industry products - by 9%, to $ 3.547 billion. Supplies of other products increased by 11%, up to $ 3.486 billion The EU remains the largest buyer. Supplies to European countries increased by 36% to $ 3.463 billion. The EU's share in exports was 13%. Turkey (11.8% share) imported products ...
Source: Oilworld

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