News

Since the beginning of the season, Russia has exported more than 2.7 million tons of meal

Published May 18, 2024

Tridge summary

From the start of the 2023/24 season to April, Russia exported over 2.7 million tons of meal, an increase from the previous season's 2.36 million tons, according to OleoScope agency. The report highlights a rise in sunflower meal exports, a slight increase in soybean meal exports, and a decrease in flax meal exports. Demand for Russian meal in the domestic market remains high, with exports accounting for about 30% of total production. Despite a decrease in exports to some EU countries, there has been an increase in imports of Russian meal by France, Spain, and the Netherlands. The potential introduction of EU duties on Russian agricultural products has led to concerns and a reevaluation of trade routes, with a shift towards China, Belarus, and Turkey. In the event of these duties, an increase in meal production is expected, leading to higher exports. The European Commission's proposal to increase tariffs on imports from Russia and Belarus aims to protect EU farmers and prevent market destabilization.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 (2.36 million tons), follows from the monitoring of the OleoScope agency, which is at the disposal of Agroinvestor. Analysts note that in the first eight months of the 2023/24 season, Russia supplied abroad 1.76 million tons of sunflower meal (in September-April 2022/23 - 1.4 million tons), 615 thousand tons of soybean meal (394 thousand). t) and 370 thousand tons of rapeseed meal (457 thousand tons). There is also an increase in export volumes of camelina meal by 2 thousand, to 6 thousand tons, while sales of flax meal decreased from 25 thousand tons to 3 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 ...
Source: AgroInvestor
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