UkrAgroConsult

China reduced Russian soybean oil purchases

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.

More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 3-day free trial!!

Start using analytical data and increase your efficiency now!

Register to get your demo access: http://agrisupp.com/en/register/1

UkrAgroConsult

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