In 2023, exports of oilseeds from the Russian Federation amounted to 4.34 million tons

Published Jan 25, 2024

Tridge summary

In 2023, Russia saw a significant increase in its oilseed exports, with a 31% rise to 4.34 million tons. This includes a 67% increase in sunflower seeds exports and an 85% increase in flax seeds exports. However, soybean exports saw a slight decrease. There was also a rise in vegetable oils and vegetable meal exports by 33% and 28% respectively, with sunflower oil making up over 65% of the total oil exports. Despite these increases, there was a 15% decrease in margarine products exports, while mayonnaise products exports saw a 7% increase.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, exports of oilseeds from the Russian Federation increased by 31% compared to 2022 and amounted to 4.34 million tons, Agro Portal reports, citing industry analysts. In particular, in 2023, the volume of exports of sunflower seeds amounted to 362 thousand tons, which is 67% higher than the exports of the same period in 2022. More than 80% of the seeds went to the EAEU countries. Exports of soybeans during the reporting period amounted to 1.31 million tons. Compared to the same period, volumes decreased by 0.2%. The main buyer was China (1.14 million tons). Export of rapeseed in 2023 amounted to 1.02 million tons (+32% by 2022). Almost the entire volume was sent to Belarus (653 thousand tons) and China (349 thousand tons). Export volumes of flax seeds amounted to 1.47 million tons (+85% compared to the same period last year). The leaders in purchases were China (814 thousand tons) and Belgium (317 thousand tons). The estimated export of vegetable oils in 2023 was 6.54 ...

Source: Oilworld