The Russian oil and fat industry can export up to 1 million meal per year through the ports of the North-West

Published 2021년 7월 9일

Tridge summary

The Baltic Grain Assembly 'White Nights 2021' discussed the prospects for the Russian agricultural sector, with a focus on the growth of the oilseed market and potential for export through North-West Russia's ports. Dmitry Kozlov highlighted the increasing production of sunflower and rapeseed meal, and the possibility of increasing exports, particularly through the North-West ports. These ports could provide lower logistics costs and open up new supply regions, potentially allowing for the export of up to 1 million tons of meal per year.

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

Original content

On July 7, 2021, the Baltic Grain Assembly "White Nights 2021", organized by the analytical agency "ProZerno", took place. On the eve of the new agricultural season, experts from the agro-industrial and logistics industry discussed the forecasts for the new harvest, as well as the prospects for the development of the export of Russian agricultural products through the ports of North-West Russia. Dmitry Kozlov, Head of the Pricing Department of the Blago Group of Companies, made a presentation and spoke about the prospects for the Russian oilseed market opening up export through the Baltic Sea. The Russian oilseed market has been steadily growing over the past few years. At the same time, the volume of produced meal is also increasing. So in 16/17 AG, 3.9 million tons of sunflower meal were produced, and in the record 19/20 - 5 million tons, rapeseed meal gradually takes an increasing share: from 406 thousand tons in 16/17 AG to 915 in 20 / 21 AG. At the same time, their ...

Source: Milknews