This season, the export of vegetable oil from Russia will increase by 28%

Russia this season (September 2022-August 2023) exports over 5.9 million tons of vegetable oil, which is 28.3% more than in the previous season (4.6 million tons). This forecast was made by OleoScope analyst Kirill Lozovoy at the XXIV international grain round "Grain Market - Yesterday, Today, Tomorrow" in Gelendzhik. “By the end of the season, we can send over 5.9 million tons of vegetable oil abroad. The figures, of course, could be higher, but the final picture is affected by the situation with world prices for oils, which are still at a low level, and relatively sluggish demand from side of the main importers already this calendar year," the expert said. According to him, since the beginning of the season (from September to April), the Russian Federation has increased the export of vegetable oil by 10%, to more than 3.6 million tons. According to the OleoScope agency, for 8 months of the current season, the Russian Federation sent 556 thousand tons of sunflower oil to ...