How much soybean oil is produced in Russia in 2021?
The production of Soybean meal in 2021, according to updated USDA data, amounted to 3,782 thousand tons (+6.5% by 2020). In 2022, the figures are forecast to increase by another 4.2%. In 2021, compared to 2020, according to the RosStat, Soybean Oil production in the Russian Federation decreased by 10.5% to 714.9 thousand tons.
Where does Russian soybean oil come from?
The main destination countries for Russian Soybean exports are currently China and Belarus. In 2021, Soybean Oil exports decreased in volume by 20.4% and amounted to 527.5 thousand tons. In January-July 2022, the volumes increased by 17.2% year on year.
Why is soybean production important in Russia?
Policies and ethics Soybean production in Russia occupies one of the main niches in agriculture. An increase in the gross harvest and an increase in the efficiency of cultivation of agricultural crops within the framework of the state strategy of import substitution and strengthening…
How much oil is produced in Russia in 2022?
In 2022, the figures are forecast to increase by another 4.2%. In 2021, compared to 2020, according to the RosStat, Soybean Oil production in the Russian Federation decreased by 10.5% to 714.9 thousand tons. From January-June 2022, Soybean Oil production in the Russian Federation increased by 7.2% compared with the same period in 2021.