Russia has been increasing exports of soybean and rapeseed oil since the beginning of the year

Published Dec 20, 2022

Tridge summary

The article provides an overview of Russia's agricultural trade performance from January to November 2022, focusing on the export and import dynamics of various agricultural commodities such as vegetable oils (3% lower than the previous year), sunflower oil (12% lower), soybean oil (14% higher), rapeseed oil (18% higher), oilseeds (54.5% higher), sunflower seeds (3.4 times higher), soybeans (28% higher), meals (10% higher), and food products like margarine (33% higher) and mayonnaise (5% lower). The main importers vary by product, with China, Turkey, Egypt, and Belarus notable among them. The report also highlights increases in exports to the EAEU countries and decreases in exports to Germany and Latvia for certain products.

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

Original content

The estimated export of vegetable oils for January-November 2022 amounted to 3.9 million tons, which is 3% lower compared to the same period last year, according to the Agro tape. During the reporting period, the volume of export of sunflower oil amounted to 2.47 million tons, which is 12% lower than last year. Turkey was the main buyer (0.8 million tons). Export of soybean oil in January-November amounted to 0.55 million tons, which is 14% higher than last year's value. Egypt (107 thousand tons) and Algeria (172 thousand tons) were the leaders in purchases of soybean oil. The export of rapeseed oil in January-November 2022 amounted to 0.84 million tons (+18%) compared to the same period of the previous year. About 66% of the volume is sent to China. Export of oilseeds for eleven months of 2022 increased by 54.5% compared to the same period last year and amounted to 2.82 million tons From the beginning of the year to November, the volume of export of sunflower seeds amounted to ...

Source: Oilworld