Exports of vegetable oils from the Russian Federation have increased by almost 40% since the beginning of the year
Russia
Market & Price Trends
Published Dec 19, 2023
Tridge summary
In 2023, the export of vegetable oils and oilseeds increased significantly compared to the previous year, with sunflower oil being the most exported in both volume and percentage increase. India and China were the main buyers of vegetable oils and oilseeds. The export of vegetable meal, margarine products, and mayonnaise products also experienced fluctuations, with some products increasing in volume and others decreasing.
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
The estimated export of vegetable oils for the reporting period of this year amounted to 6.13 million tons, which is 39% higher compared to the same period last year, writes Agro Portal, citing industry analysts. In the first eleven months of 2023, the volume of sunflower oil exports increased by 37% to 3.99 million tons, the share in the structure of exports of vegetable oils amounted to more than 65%. The main buyers are India (852 thousand tons) and China (818 thousand tons). Exports of soybean oil in January-November 2023 increased by 8% to 632 thousand tons. The leaders in soybean oil purchases were India (181 thousand tons) and Algeria (180 thousand tons). Export of rapeseed oil for the period under review amounted to 1.47 million tons (+71% compared to the same period last year). More than 90% were sent to China. Exports of oilseeds increased by 40% compared to the same period last year and amounted to 4.03 million tons. In particular, in January-November 2023, the export ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.