Export of vegetable oils from Russia will grow by 37% to 6.2 million tons

Published 2023년 6월 23일

Tridge summary

The Russian Oil and Fat Union forecasts a 37% increase in the export of Russian vegetable oil in the 2022/2023 marketing year, reaching 6.2 million tons. This includes a predicted 900,000 tons increase in sunflower oil exports, 562,000 tons increase in soybean oil exports, and 900,000 tons increase in rapeseed oil exports. Overall, Russia's export of oil and fat products is expected to reach up to 10.5 million tons, a 35% increase from the previous marketing year.

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

Original content

The Oil and Fat Union of the Russian Federation has extended the forecast for the export of Russian vegetable oil in 2022/2023 MY. It can grow by thirty-seven percent to 6.2 million tons compared to the data for MY 2021/2022. Sunflower oil shipments are predicted to increase by 900,000 tons to 4 million tons, soybean oil – by 562,000 tons to almost 700,000 tons, and rapeseed oil – by 900,000 tons to more than 1.5 million tons, KazakhZerno reports. kz. In general, Russia will export up to 10.5 million tons of oil and fat products (+35% to the data for the last marketing year). Most of all, vegetable oils and meal will be exported (3.8 million tons). The volume of shipments of margarine ...

Source: Kazakh-zerno