Since the beginning of the season, more than 2.7 million tons of meal have been exported from the Russian Federation

Published 2024년 5월 20일

Tridge summary

Russia has seen a rise in meal exports, with over 2.7 million tons exported from the start of the 2023/24 season to April, an increase from the previous season's 2.4 million tons. The country exported 1.76 million tons of sunflower meal, 615 thousand tons of soybean meal, and 370 thousand tons of rapeseed meal in the first eight months of the 2023/24 season. Demand for domestic meal remains high, with the export-to-domestic-consumption ratio being approximately 30% to 70%. The main importers of Russian meal are Türkiye, Belarus, and China, with the European Union also being a significant market, albeit with a decreasing share. By the end of the year, the capacity of Russian butter factories is expected to increase by over 6%.

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

Original content

Demand for domestic meal in the domestic market remains high From the beginning of the 2023/24 season to April, Russia exported more than 2.7 million tons of meal, which exceeds the figure for the same period of the previous season (2.4 million tons), as follows from monitoring by the OleoScope agency, Agroinvestor writes. Analysts note that in the first eight months of the 2023/24 season, Russia supplied 1.76 million tons of sunflower meal abroad (in September - April 2022/23 - 1.4 million tons), 615 thousand tons of soybean meal (394 thousand tons ) and 370 thousand tons of rapeseed (457 thousand tons). There is also an increase in the export volume of camelina meal by 2 thousand tons, up to 6 thousand tons. OleoScope analyst Kirill Lozovoy says that the demand for domestic meal in the domestic market remains high, the ratio of exports to domestic consumption is approximately 30% to 70%. At the same time, Türkiye, Belarus and China are actively purchasing Russian products. The ...

Source: Specagro