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In Russia, the export of oil and fat products from the Nizhny Novgorod region grew by 14.8%

Published Nov 22, 2022

Tridge summary

The Nizhny Novgorod Region in Russia has experienced a 4.1% increase in agricultural exports compared to the same period last year, totaling $262,752.8 thousand as of November 13, according to Agroexport of the Ministry of Agriculture of Russia. The region's exports were dominated by oil and fat products, which increased by 14.8% to $194,941.6 thousand, representing 74.2% of the region's agricultural exports. Sunflower oil was the primary product, making up 78.4% of oil and fat product exports. Other exports included mayonnaise and sauces, margarine, and cakes. There was a notable 91.7% increase in linseed oil exports, although the volume remained small. The majority of these exports were to Asian countries, with significant purchases from the Middle East and Transcaucasia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Agroexport of the Ministry of Agriculture of Russia, since the beginning of the year, as of November 13, the Nizhny Novgorod Region has exported agricultural products worth $262,752.8 thousand, which is 4.1% more than in the same period last year. In particular, the supply of oil and fat products increased by 14.8% and reached 194,941.6 thousand US dollars, which is 74.2% in the structure of the region's agricultural exports. The basis of Nizhny Novgorod supplies of oil and fat products abroad is sunflower oil: its share in the total exports of this group of products is 78.4% (152,880.0 thousand US dollars - 7.7% more than a year earlier). Mayonnaise and other sauces accounted for 10.0% (USD 19,554.1 thousand - 48.2% more), margarine - 7.9% (USD 15,414.4 thousand - 38, 3% more), for cakes - 3.6% (7,070.6 thousand US dollars - 2 times more). It is worth noting a significant increase in exports of linseed oil - by 91.7%, although the volume of its supplies is still ...
Source: Oilworld
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