Exports of vegetable oils to China reached a record in the first quarter

게시됨 2024년 5월 24일

Tridge 요약

In the first quarter of 2024, Russia achieved a record high in edible vegetable oil exports to China, reaching 578.3 thousand tons, an 18.2% increase from the previous year, making it the largest supplier of such products to China, accounting for 58.4% of China's imports. Besides China, Russia also increased its vegetable oil exports to India, Turkey, Egypt, and Algeria, leading to a 20% increase in total vegetable oil shipments globally in the first quarter of 2024. The Oil and Fat Union predicts that the volume of exports will exceed 3.8 million tons by the end of the first half of the year due to competitive pricing, especially for sunflower oil. Domestic oil factories in Russia may also see an increase in capacity by the end of the year.

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원본 콘텐츠

In the first quarter of 2024, exports of edible vegetable oils (sunflower, rapeseed, soybean) from Russia to China reached a record 578.3 thousand tons, which is 18.2% more than in the same period of the previous year, the federal center said in a statement “ Agroexport". Analysts emphasized that this allowed Russia to strengthen its leadership among the largest suppliers in this segment. According to the center, Russia accounted for 58.4% of all Chinese imports of edible vegetable oils. OleoScope analyst Kirill Lozovoy told Agroinvestor that in January-April 2024, Russia increased the export of vegetable oil in all directions by 9%, to almost 2.5 million tons. China, in turn, purchased from Russia over a quarter of the specified volume - approximately 660 thousand tons. For domestic exporters, China is considered one of the strategic directions, since the country is one of the leading buyers of sunflower oil (second place this year), soybean oil (third place), as well as rapeseed ...

출처: AgroInvestor