In November 2016 Russia exported 183 thousand tons of sunflower oil, which became the record volume for the reporting month during several recent years. Furthermore, the November exports exceeded the previous month level by 33%, and November 2015 – 1.5 times.
During the first three months of 2016/2017 MY (September-November), Russia supplied 414 thousand tons of sunflower oil to foreign markets, up 1.6 times YoY. Traditionally, Turkey became the leader of Russian sunflower oil imports (42% of the general volumes). Egypt (14%), Iran (8%), Uzbekistan (7%) and China (4%) imported significant volumes of the product. It should be noted that in September-November the Middle East countries purchased 56% of the general supplies of Russian sunflower oil.
In 2016/2017 MY the general exports of sunflower oil from Russia will reach a record of 1.95 million tons, due to the growth of sunflower seed processing volumes in the country. (APK-Inform/Business World Magazine)