The harvest of oilseeds in the EAEU countries will increase to 35.4 million tons by 2025

Published Jun 12, 2024

Tridge summary

The article highlights the excess capacity for oilseed processing in EAEU countries, as reported at the third International Fat and Oil Conference. The harvest of oilseeds in the EAEU increased by 1.3 times from 2020 to 2023, reaching 33 million tons, with Russia contributing the largest share. By 2025, this figure is projected to rise to 35.4 million tons. The production of vegetable oils and exports also saw similar increases. The article also notes the protective measures, including tariff and non-tariff measures, implemented by EAEU countries in the oil and fat sector to regulate exports.

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Original content

In the EAEU countries there is an excess of capacity for processing oilseeds, exceeding their production volumes. A similar conclusion was made by the Deputy Director of the Eurasian Center for Food Security of Moscow State University named after M.V. Lomonosov Roman Romashkin during the third International Fat and Oil Conference “FOC 2024: Fats and Oils Conference”, which took place in Almaty. FORKAGRO reports this. “Oil crops are marginal and receive great demand for processing. There is competition for raw materials. The EAEU has all the conditions for the further development of oilseed production,” the speaker emphasized. He also noted that from 2020 to 2023, the harvest of oilseeds in the EAEU countries increased by 1.3 times: from 24.6 million tons to 33 million tons. At the same time, the largest share of the harvest falls on Russia (29.9 million tons in 2023), the share of Kazakhstan was 2.2 million tons. According to expert forecasts, by 2025 the harvest of oilseeds in ...

Source: Agrosektor