Almost half of all Russian vegetable oil exports to China were delivered by us

Published 2024년 8월 12일

Tridge summary

Russia has seen a significant increase in vegetable oil exports to China, reaching over a million tons in 2023, thanks to the innovative use of flexitanks for containerization of bulk cargo. The Europack Group of Companies, led by Valery Rudyuk, set a world record with this achievement, accounting for over 46% of Russia's vegetable oil exports to China. The company expects further growth in 2024, with plans to modernize infrastructure and increase the capacity of the Novorossiysk terminal. While railway deliveries to China are more expensive than sea transport via Novorossiysk, they are more efficient for delivering to central China. Europack is also expanding its delivery routes, including to India, where it successfully exports domestic vegetable oils in flexitanks.

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

Original content

In recent years, Russia has significantly increased its vegetable oil supplies to China. The rapid growth was facilitated by the introduction of innovative technology for containerization of bulk cargo using flexitanks. The industry leader, the Europack Group of Companies, is the first in Russia to implement this technology. Its founder and owner, Valery Rudyuk, spoke about the advantages of the railway for deliveries to China, why Europack bought a terminal in Novorossiysk, and why Russian sunflower oil is delivered to India in containers. - Valery Alekseevich, what are the results of Europack in 2023? - 2023 was successful, the company set a record - more than a million tons of vegetable oils in flexitanks were exported. This is a world record. The volume of shipments increased by 70% compared to 2022. The company's share in Russian exports of vegetable oils to China exceeded 46%. The volume of bulk cargo transportation in containers has also increased, and we expect it to ...

Source: Zol