The European Union has sharply reduced purchases of vegetable oils from Russia

Published Dec 19, 2024

Tridge summary

During the first quarter of the current agricultural year, EU imports of vegetable oils from Russia experienced a significant decrease, with volumes dropping by almost seven times to 1,648 tons. This includes 1,108 tons of rapeseed oil and 400 tons of sunflower oil, with only marginal amounts of soybean oil. In contrast, the same period last year saw imports of 11,512 tons. The reduction in imports is attributed to high duties on these products, which have made deep processing more profitable for Russians.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the four months of the current agricultural year (July-October calendar year), EU countries have reduced imports of vegetable oils from Russia by almost 7 times - to 1,648 tons. This was reported by the news agency "Grain On-Line" with reference to data from the European Commission. Most of them were rapeseed - 1,108 tons, another 400 were sunflower. The remaining insignificant volumes are accounted for by soybean. For the same period of the last agricultural year (July-October 2023), 11,512 tons were supplied to the EU in exact figures - 10,523 and 922, respectively. The volumes of sunflower oil supplies from Russia are usually less than other types, since, mainly, it is used for self-sufficiency of the domestic market. At the same time, rapeseed supplies, on the contrary, are significantly larger due to its lesser popularity among the population. In the case of ...
Source: Rosng

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