Russia. Amur region actively increases soybean oil exports to China

21.12.2017

Soybean oil exports from Amur region to China have increased fourfold over the year, from 4.5 KMT to 17 KMT, reports UkrAgroConsult.

Soybean oil exports are picking up pace. 4.5 KMT of this commodity was exported for the first nine months of 2016 and 17 KMT at the same time in 2017. A fourfold increase. Both refined and crude soybean oils are shipped to China.

A bumper soybean crop of 1.3 MMT was registered in Amur region in 2017. This is another record. The highest total crop – 1 MMT in bunker weight – was got in 2015.

Soybeans are potentially the main export article of Amur region. According to the regional Ag Ministry, soybean exports totaled 231.3 KMT in 2016, or 21.8 KMT more than in 2015. The region’s largest trade partner in agricultural commodities is China.

The agro-industrial sector plays the leading role in Amur region’s economy. The largest share in its planted acreage belongs to soya, which is followed by winter and spring wheat. The third top crop is barley.

 

UkrAgroConsult

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