Russian agricultural companies are looking for new directions for export cargo
Russia
Published Nov 1, 2022
Tridge summary
Reorientation to Africa and Asia In the export of vegetable oils, which traditionally constituted the second largest group of agro-industrial exports and focused, among other things, on European countries, changes are noticeable. This year, according to TBI, 3 million tons of vegetable oils were exported, including 2 million tons of sunflower, 510 thousand tons of soybean and 420 thousand tons of rapeseed. The key country of dispatch is still Turkey (about 30%), but changes in the share of China, India, and Algeria are noticeable.
Original content
Reorientation to Africa and Asia In the export of vegetable oils, which traditionally constituted the second largest group of agricultural exports and was focused, among other things, on European countries, changes are noticeable. This year, according to TBI, 3 million tons of vegetable oils were exported, including 2 million tons of sunflower, 510 thousand tons of soybean and 420 thousand tons of rapeseed. The key country of dispatch is still Turkey (about 30%), but changes in the share of China, India and Algeria are noticeable. Thus, an African country is leading in shipments of soybean oil: this year Algeria accounted for 38% of exports, and last year it was half that (almost 40% of exports went to Norway, Denmark, Latvia). In the export of rapeseed oil, the vector to the East increased: the share of China amounted to more than 50%, although in 2021, with comparable export volumes, 35% of the oil was sent there, and another third ...
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