Salt production in Russia increased by 10.5% in 2023

Published 2024년 1월 22일

Tridge summary

In 2023, Russia's edible salt production saw a 10.5% increase from the previous year, reaching 848 thousand tons, as reported by the Rusprodsoyuz association. This growth in production has enabled Russia to not only satisfy its domestic needs but also boost exports to countries such as China and Mongolia. Despite the production increase, the prices of salt in Russia have remained stable due to high market competition.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The current volume of production of this product allows not only to fully cover the needs of the domestic market, but also to increase exports The volume of edible salt production in Russia in 2023 increased by 10.5% compared to the level of 2022 (768 thousand tons) and amounted to 848 thousand tons, the Rusprodsoyuz association told TASS. It is noted that the current production volume, increased production capacity in recent years and the launch of new production facilities make it possible not only to fully cover the needs of the domestic market, but also to increase the export of this product to China, Mongolia and other friendly countries. “The increase in salt production in our country has led to even greater competition in this industry than in 2022. There are currently five producers of table salt in Russia (Russol, Tyretsol, Kaustik, Varnitsa, Kireevsky Salt Promysel and PC Galit), which increased production by 10.5% and are ready to increase production by another 43%. In ...
Source: Specagro

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