Russia: The Irkutsk region recorded a fourfold increase in oilseed exports in 2023

Published Jan 22, 2024

Tridge summary

The Irkutsk region in Russia saw a significant increase in oilseed exports in 2023, quadrupling the figures from the previous year. Rapeseeds were the most exported oilseed, primarily to China. This growth was supported by various measures, including federal subsidies, with 22 agricultural producers receiving a total of 76.8 million rubles to boost oilseed production. As a result, oilseed production exceeded the planned target by 187.9%, increasing by 29.2 thousand tons.

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Original content

Rapeseed seeds were exported the most from the region In 2023, the volume of exports of oilseeds from the Irkutsk region increased four times compared to 2022. The largest share in the structure of exports of oilseeds falls on rapeseeds. The main destination of shipments was China. “To develop the export of agricultural products in the region, various support measures are in place, including federal ones. Every year, for the implementation of the regional project “Export of Agricultural Products,” which is part of the national project “International Cooperation and Export,” the government of the country allocates funds for the production of oilseeds,” emphasized Igor Kobzev, Governor of the Irkutsk Region. According to the Minister of Agriculture of the Angara Region, Ilya Sumarokov, for the region’s farmers, work to increase the export of agricultural crops is one of the strategically important areas. At the same time, the ministry continues to interact with the Russian Ministry ...

Source: Specagro