Russian Ministry of Agriculture: By 2024, 50% of sunflower oil imported to the Chinese market will come from Russia

放大字体  缩小字体 Date:11 Sep 2020  Source:Global Foodmate  Writer:Global Foodmate  Views:110
 
Russian Deputy Minister of Agriculture Sergey Levin stated that by 2024, Russian sunflower oil producers can meet most of the supply in the Chinese and Indian markets.

Levin said at a conference entitled "Russian Oil Products Exports to India and China: A Successful Strategy": "The incomes of the population of China and India are increasing. Therefore, the consumer market in these countries is gradually changing from cheaper vegetable oils to sunflowers. Seed oil."

Levin predicted: "We believe that China will greatly increase imports of this product in the next few years , and India will increase its purchase of sunflower oil even faster than China. By 2024, Russian producers are likely to occupy China's largest In some markets, the share will reach 50%, and the market share in India will reach 30%."



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