News

Exports of oilseeds from Russia increased by 40%

Oil & Fats
Russia
Market & Price Trends
Published Oct 21, 2023

Tridge summary

Exports of oilseeds in Russia increased by nearly 40% in 2023 compared to the previous year, with China, Belarus, Kazakhstan, and Afghanistan being the key buyers. The gross harvest of oilseeds in the country reached almost 24 million tons, a 1.5 times increase from the same period in 2022. The Ministry of Agriculture attributed the increase in production to the implementation of modern agrotechnological methods and the development of processing industries in recent years.
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Original content

In 2023, exports of oilseeds in Russia increased by almost 40% compared to 2022. Izvestia was told about this by the Ministry of Agriculture on October 20. “The key buyers are China, Belarus, Kazakhstan. Afghanistan ranks first in terms of growth in supplies among the largest importers; the largest share of sales to this country is accounted for by flax seeds, soybeans and rapeseed,” explained the ministry’s press service. They also noted that the gross harvest of the main oilseeds currently amounts to almost 24 million tons in the initially received weight, which is 1.5 times higher than the figure for the same period in 2022. “Including the sunflower harvest is at the level of 14.1 million tons (1.8 times), soybeans - 5.4 million tons (1.5 times). The increase in volumes is due to the use of modern agrotechnological methods, including timely application of mineral fertilizers, the use of modern plant protection products, soil cultivation, and variety renewal,” explained the ...
Source: Oilworld
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