Rapeseed oil and sugar provide more than half of the exchange exports of Belarusian agricultural products
Canola Seed & Rapeseed
Market & Price Trends
Published Nov 16, 2023
Rapeseed oil and sugar accounted for over 50 percent of agro-industrial exports through the Belarusian Universal Commodity Exchange from January to October 2023. The main buyers of rapeseed oil were companies from China, Lithuania, Poland, Switzerland, and Estonia, while sugar was primarily sold to Kazakhstan, Kyrgyzstan, Moldova, and Uzbekistan. Exchange trading has proven to be efficient in expanding the distribution network and generating additional revenue for Belarusian exporters through increased competition and higher prices.
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According to a representative of the exchange, the geography of sales of agricultural products is constantly expanding. In particular, the main buyers of rapeseed oil at exchange trading now are companies from China, Lithuania, Poland, Switzerland and Estonia. And sugar is mainly sold to Kazakhstan, Kyrgyzstan, Moldova and Uzbekistan. – In general, we can say that the structure of buyers of Belarusian agricultural products is quite diversified. Today these are companies from 13 countries. For example, in Russia, rennet cheeses, butter, cottage cheese, meat products and feed additives are now in demand. In China, a slightly different product range is in demand. In particular, this year mainly vegetable oils and dairy products were supplied there. As for sugar sales markets, Kazakhstan and Kyrgyzstan are among the largest, and transaction volumes show high positive dynamics. Thus, in Kazakhstan the growth rate by 2022 was 175 percent, and in Kyrgyzstan – 326 percent,” Oksana ...