News

ProZerno expects a record for sunflower oil production in Russia

Refined Sunflower Oil
Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Mar 3, 2024

Tridge summary

Russia's sunflower oil production is projected to hit a record 7.55 million tons in the 2023-24 agricultural year, marking a 13.5% increase from the previous year, as per Vladimir Petrichenko, the general director of the ProZerno analytical center. This surge in production is anticipated to drive a 14.3% increase in oil exports for the current agricultural season.
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

In the 2023-24 agricultural year, sunflower oil production in Russia should increase to a record 7.55 million tons (in official data, instead of liters, kilograms, tons, etc. are indicated - ROSNG). As TASS reports, such data was voiced by the general director of the ProZerno analytical center, Vladimir Petrichenko, in his presentation at the XVII Grain Conference. This is 13.5 percent or 910 thousand tons more than the result of the previous agricultural year. Product output has also increased since the 2020-21 agricultural year, but not at such a serious pace. Then it amounted to 5 million 298 thousand tons, and in 2021-22 – 5 million 866 thousand. Thanks to this, oil exports in the current agricultural season may ...
Source: Rosng
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