Russia. Amur region exported a record volume of soybean oil to China

19.02.2018

A record hike in soybean oil supplies to China was registered in Amur region, reports UkrAgroConsult.

The region exported 22.7 KMT valued at USD 16.8 Ml to the Middle Kingdom in the first 11 months of last year. This was almost 33.5 times as much as three years ago: China received just 657 MT valued at USD 631,900 from Amur region in 2014.

Experts explain this by the commissioning of additional production facilities at Amursky oil extraction plant in Belogorsk. Traditionally, soybeans are the top exported commodity. Also, Amur producers ship abroad honey, confectionary items, ice cream and other goods.

Overall, according to specialists, the share of non-resource goods in Amur region’s export structure grew from 2.6% in 2014 to 34.1% in January-November 2017. This happened primarily owing to expanded shipments of foods and agricultural commodities. Exports of this commodity group reached USD 89.7 Ml in the first eleven months of last year

 

UkrAgroConsult

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