Exports of oil and fat products from Russia in 2023 increased by more than a third
Russia
Market & Price Trends
Published Mar 15, 2024
Tridge summary
Russia's exports of oil and fat products saw a significant increase in 2023, rising by over a third to 11.2 million tons, as reported by the Ministry of Agriculture. The export of sunflower oil, rapeseed oil, and soybean oil increased by 42%, 64%, and 10% respectively. These products are highly sought after in China, Turkey, Uzbekistan, the Middle East, and Africa. In 2024, Russia further boosted its export of oil and fat products by nearly 18%, reaching approximately 1.75 million tons.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Exports of oil and fat products from Russia in 2023 increased by more than a third compared to the previous year and amounted to 11.2 million tons, the Ministry of Agriculture reported. “At the end of 2023, the volume of supplies increased by more than a third. Russia sent 11.2 million tons of oil and fat industry products to world markets,” the report says. It is clarified that the export of sunflower oil increased by 42%, rapeseed oil by 64%, and soybean oil by 10%. “Today, these products are in great demand in many countries of the world, including China, Turkey, Uzbekistan, the countries of the Middle East and ...
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