Tomsk Oblast rapeseed oil export reduced by half in 2024
Tomsk's Rapeseed Oil Export Boom: What Lies Ahead?
💡 Fun Fact: Did you know that rapeseed oil is a staple ingredient in Chinese cuisine and plays a significant role in their cooking? Let's dive into the recent budding rapeseed oil export scenario between Tomsk and China!
💰 Current Scenario:Rapeseed oil exports from Tomsk to China have shot up from 13,579 tonnes in 2024 to an impressive 26,917 tonnes in 2023, as reported by RIA Tomsk, a regional news agency. The rise in exports can be attributed to a boom in local rapeseed cultivation, fostered by the launch of the "Sibirskaya Oliva" processing plant in 2019.
🔍 Behind the Scenes:The reasons behind the scale-down in 2024 exports? Well, the introduction of a tax on rapeseed oil exports and the lack of subsidies for raw material purchases played a significant role in this decline. However, the forecast for 2025 is promising, with plans to return to 2023 levels or possibly surpass them, thanks to the withdrawal of export taxes and the allocation of a credit by the Ministry of Agriculture.
🌐 On a Global Scale:It's interesting to note that around half of the total agricultural produce exports from the Tomsk region are rapeseed oil. In 2024, exports of rapeseed oil from Siberia saw a significant jump, with approximately half of the exports going to China, followed by Mongolia and Belarus.
🌱 Expansion Plans:Speaking of expansion, the "Sibirskaya Oliva" processing plant, a subsidiary of the "Mezenevskaya Pticefabrika," registered in 2018, has big plans on its horizon. With a production capacity of 60,000 tonnes per year, the plant produces both oil and rapeseed cake, focusing on quality and sustainability to remain competitive in the market.
🌟 The Future:With ongoing investment in agricultural infrastructure, strengthening trade relations, and support for local farmers, the rapeseed oil export industry seems set for steady expansion. However, external factors like global market conditions, trade policies, and environmental factors will play a crucial role in shaping the market's trajectory. So, keep an eye on this space for updates on Tomsk's rapeseed oil export revolution!
In 2025, the rapeseed oil export industry in Tomsk might witness a strong recovery, as the Ministry of Agriculture plans to provide credits and withdraw export taxes. The "Sibirskaya Oliva" processing plant, with a production capacity of 60,000 tonnes per year, is poised to play a significant role in this expansion, focusing on quality and sustainability. The energy-intensive finance sector should closely monitor this industry and its potential impact on the global oil-and-gas market, considering that around 60% of agricultural produce exports from Tomsk are rapeseed oil. By 2025, it's possible that this sector could significantly influence the global industry landscape.
