MOSCOW: According to preliminary data, in August Russia exported about 30 KMT of sunflower oil, thus, the entire season’s exports amounting to 1240 KMT – 25% less than in 2013/14 market year.
Reduction in export shipments is due to both the decrease of 15% in sunflower yield, and the rise in domestic consumption of vegetable oils.
The main directions of oil export from Russia remain to be Turkey and Egypt, their combined market share in Russian market is 75%.
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