Russia: Exports of oil and fat products may grow to 15 million tons by 2030

According to preliminary estimates by the Agroexport center, by 2030, exports of oil and fat products from Russia may reach 15 million tons. Sunflower oil has traditionally been the key product supplied to foreign markets in the vegetable oil segment. Last calendar year, Russia exported 35% more oil and fat products than in 2022. In particular, the volume of vegetable oil shipments amounted to 7 million tons, including a record 4.6 million tons of sunflower oil. According to experts, in the first eight months of 2024, exports of oil and fat products reached approximately 7.8 million tons - 9% more than in the same period of 2023. In particular, sunflower oil supplies increased by 29%, to 3.8 million tons. In the 2023/24 oil and fat season (September 2023 - August 2024), Russia supplied 7.3 million tons of vegetable oils to foreign markets, which is 28% more than in the previous season (5.7 million tons), independent agricultural market expert Alexander Korbut previously told ...