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Vegetable oil production in Russia will grow by 17% this season

Russia
Published May 24, 2023

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It is expected that more than 8.8 million tons of this product will be produced According to the results of the current season (September 2022 - August 2023), Russian oil extraction enterprises can produce more than 8.8 million tons of vegetable oil of all types, which is 17% higher than the level of the 2021/22 season. Such a forecast was announced to the Agrotrend portal by Mikhail Maltsev, Executive Director of the Oil and Fat Union of Russia. According to him, by the end of summer, the production of sunflower oil in the Russian Federation will reach 6.29 million tons (+ 7% per year). The output of soybean oil will increase to 975 thousand tons (+32%), rapeseed oil - up to 1.4 million tons (+62%). Over the seven months of the 2022/23 season, an increase in the production of oils has already been recorded in Russia, Maltsev points out. From September 2022 to March 2023, the figure increased by 16%, reaching 5.19 million tons. “This was facilitated by both a record harvest and ...
Source: Specagro
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