China reduced Russian soybean oil purchases

UkrAgroConsult

In MY 2020/21 (September-January), Russian soybean oil exports totaled 254.7 KMT or 10% lower y-o-y, however it still remained a second record.

China remains the biggest importer, but its purchases are down 57% y-o-y. At the same time, a rise is seen in buying interest from India, which began regular purchases, UkrAgroConsult reports.

Exports to EU countries dropped by 5%.

Growth in exports was registered to Lithuania, Mongolia and Belarus. A slump in exports was fixed to the following countries: Norway, Denmark and Korea.

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UkrAgroConsult

Tags: soybean oil purchases, Russia, China, soybean oil