Stocks of oilseeds in agricultural enterprises of the Russian Federation increased by one and a half times, oil exports decreased

Published Mar 17, 2023

Tridge summary

As of March 1, Russia's agricultural organizations are holding 5.1 million tons of oilseeds, a 53% increase from the previous year, with sunflower stocks alone accounting for 49% of this increase. The largest stocks are stored in the Rostov, Voronezh, and Volgograd regions. In February 2023, Russia exported 198 thousand tons of sunflower oil, a 42% decrease from January, with China being the main importer. Since the season's start, Russia has exported 1,341 thousand tons of oil to the global market, including 373 thousand tons to China.

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

Original content

As of March 1, stocks of oilseeds in agricultural organizations of the Russian Federation amounted to 5.1 million tons, which is 53% more than on the same date last year. This is reported by the Grain On-Line agency with reference to Rosstat. In particular, sunflower stocks increased by 49% to 2.5 million tons. The largest remains of this crop are concentrated in the agricultural organizations of the Rostov region (368 thousand tons), the Voronezh region (272 thousand tons) and the Volgograd region (187 thousand tons). In February 2023, Russia exported 198 thousand tons of sunflower oil, which is 42% less than in January. China remains the main export destination for Russian butter, with 87 thousand tons shipped to it last month. ...

Source: Oilworld