In 2023, Russia increased exports of oil and fat products by almost a third

Crude Canola Oil & Rapeseed Oil

Published Mar 16, 2024

Tridge summary

Russia has seen a significant increase in its exports of oil and fat products, with a rise of over a third from 2022 to 11.2 million tons, as reported by the Ministry of Agriculture. The most notable increase was in rapeseed oil supplies, up by 64%, likely due to its use in producing less environmentally damaging diesel fuel. Sunflower and soybean oils also saw increased exports, by 42% and 10% respectively. Additionally, there has been an 18% increase in the supply of fat and oil products since the start of the year, reaching around 1.75 million tons.

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

Exports of oil and fat products from Russia over the past year increased by more than a third from the 2022 level – to 11.2 million tons. This data was provided by the Ministry of Agriculture. Our country has increased its supplies of rapeseed oil the most – by 64 percent. Sunflower and soybean oils were imported by 42 and 10 percent more. Exact figures for individual types of products, including in monetary terms, are not reported. Also, data on other products included in this group is not provided. Read also Russia can update its record for sunflower oil exports Thus, rapeseed oil has overtaken sunflower oil in popularity, which was not so long ago the most in demand. Probably, the reason was not food demand for these products, but growing interest from the transport sector. In particular, we recall that it is one of the main components for the production of alternative and less environmentally hazardous diesel fuel. In developed countries, they are ...

Source: Rosng