Russia to increase soybean oil exports in the new season 2021

Soybean oil exports from Russia in September-October 2021/22 totaled 86.5 KMT (+3% y-o-y). Egypt stepped up purchases early in the season and topped the ranking of importers.

Exports to EU countries remained at last year’s level, UkrAgroConsult reports.

Growth in Russian soybean oil exports was registered to Mongolia (+437%), Denmark (+105%), Algeria (+61%).

The following countries reduced imports: Lithuania (-98%), China (-33%) and Belarus (-12%).