Russia ranks second in the world in exports of sunflower and rapeseed oils

Published 2024년 2월 13일

Tridge summary

Russia is a leading global supplier of sunflower oil, meal, rapeseed oil, non-GMO canola, and soybeans, but faces challenges in export duties and infrastructure that limit growth. The country is in competition with Ukraine for the top spot in sunflower oil exports, hindered by Ukraine's low domestic vegetable oil consumption. To increase production and sales, the head of the Fat and Oil Union, Mikhail Maltsev, suggests infrastructure and supply chain optimization, and support for seed and pesticide production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The head of the Fat and Oil Union, Mikhail Maltsev, said that over the past 20 years Russia has taken second place in the world trade of sunflower oil and meal, as well as rapeseed oil. The fourth place is for soybean oil and rapeseed meal, the ninth place is for soybean meal. “But if you take canola and soybeans and look at where we rank among those who supply these products made from non-GMO canola and soybeans, we are the first. In my opinion, this is a key advantage in which we must position ourselves,” Maltsev said during the Day of Agriculture, Fisheries and Food Industry, which was held at the international exhibition and forum “Russia”. According to him, to further increase production and exports, it is necessary to optimize infrastructure and supply chains, as well as support the production of seeds and pesticides. Russia has been occupying second place among sunflower oil exporters for several years and even fought with Ukraine for first place, but it is difficult to ...
Source: AgroInvestor

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