The export of sunflower oil to China and India is growing

The export of sunflower oil to China and India is growing

Last season the key foreign market for the sale of Russian sunflower oil was Iran, which this year will remain one of the main buyers of this product. But other countries may reach the top positions in the near future, says rg.ru, quoting an expert’s opinion.

The two main target markets are China and India, where it is planned to significantly increase the supplies of sunflower oil. This was noted by the chief expert of the Institute for Agricultural Market Studies Daniil Khotko. According to him, this season the export volume of vegetable oil will be about 3 mln t, establishing a new record.

The export of sunflower seeds will grow as well, and, according to forecasts, will reach 450,000-500,000 t. During the last agricultural season (from July 2018 until July of this year) Russia exported 2.6 mln t of sunflower oil, which was a maximum indicator as well.

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