Russia in 2022 significantly increased the production of vegetable oils

Published Mar 16, 2023

Tridge summary

In 2022, Russia saw a significant increase in the production of vegetable oils, driven by a record harvest of oilseeds. The country produced over 5.9 million tons of sunflower oil, up by 14.3% from the previous year, and the production of soybean and rapeseed oil also saw substantial increases. The Ministry of Agriculture plans to further grow the cultivation of these crops. Additionally, Russian oilseed exports grew by over 40% in 2022, with China, Belarus, Kazakhstan, and Kyrgyzstan being the main buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia increased the production of vegetable oils in 2022, Interfax reports with reference to the Ministry of Agriculture. This was the result of a record harvest of oilseeds. According to the agency, over 5.9 million tons of sunflower oil were produced last year, which is 14.3% more than in 2021. The production of soybean oil increased by 16.2%, up to 825.1 thousand tons, rapeseed oil - by 35.6%, up to 998.5 thousand tons. The agency recalled that the harvest of the main oilseeds last year reached a record 29.1 million tons, which is 17% higher than in 2021. Including sunflower harvest amounted to 16.4 million tons (4.5% more), soybeans - 6 million tons (26%), rapeseed - 4.5 million tons (1.6 times more). “The increase in production volumes was ensured by increasing the yield. Another factor is the expansion of acreage. This year, the Ministry of Agriculture plans their further growth under rapeseed and soybeans,” the ministry said in a statement. They added that the ...
Source: Otr-online

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