Miratorg, a Russian agricultural conglomerate, has started exporting vegetable oils to China. The company reported that it has shipped over 13,000 tons of soybean oil and is preparing to ship the first batches of sunflower and rapeseed oils. The agroholding began its first oil deliveries to foreign markets about a year ago, and now it has stable partners in the Middle East, Asia, Africa and Eastern Europe, the company’s press service told Agroinvestor. “If the market situation changes, we will reorient our deliveries, since we have our own logistics department, which has the expertise in prompt and efficient international logistics,” they added. As part of deepening vertical integration and in connection with the launch of the MEZ in the Oryol Region, the agroholding is increasing the supply of animal feed components not only for domestic livestock breeders, but also for the foreign market. To produce vegetable oils and meals, the company uses its own non-GMO raw materials — soybeans, sunflowers and rapeseeds grown in the Oryol, Kursk, Belgorod and Bryansk regions. Miratorg’s oilseed processing plant is located in the Kromskoy district of the Oryol region, its capacity is 420 thousand tons per year. Investments in its creation exceeded 3 billion rubles. “High-quality feed components are a product in demand on world markets. Miratorg controls every stage of the oil production chain, which allows us to guarantee not only quality, but also the optimal cost of the final product, and therefore – to receive the best offer for our customers,” the press service of the agricultural holding noted. Last week, the president of the agricultural holding Viktor Linnik, at the presentation of the second annual report “World Food Security and International Trade in Agricultural Products”, prepared by MGIMO, the Ministry of Agriculture and the federal center “Agroexport”, said that next year Miratorg plans to export products worth more than $ 0.5 billion. According to him, the company is building a strategy in such markets as China, Saudi Arabia, and the Persian Gulf countries. Last year, the agricultural holding supplied 191 thousand tons of products to foreign markets – from raw materials, fats and meat and bone meal to branded semi-finished meat products and pet food. In 2024, Miratorg expected to increase product exports by 15%, its press service reported in January. According to the Oil and Fat Union, in 2023, Russia exported more than 150 thousand tons of soybean oil to China – twice as much as in 2022. With this indicator, China was in third place in terms of import volumes of Russian soybean oil. In the first quarter of 2024, exports of edible vegetable oils (sunflower, rapeseed, soybean) from Russia to China reached a record 578.3 thousand tons, which is 18.2% more than in the same period of the previous year, the Agroexport center reported earlier. This allowed Russia to strengthen its leadership among the largest suppliers in this segment: Russia accounted for 58.4% of all Chinese imports of edible vegetable oils. In July, Zheng Dong Corporation imported the first batch of Russian-made soybean oil in the amount of more than 2 thousand tons to the port of Yantian, Shenzhen, China. “This delivery is a very important step towards expanding the geography of export deliveries of Russian goods: historically, the southern ports of China only accepted oils from Brazil, Argentina, Australia, Indonesia, Malaysia and Canada,” said Dmitry Kurbatov, Director of International Trade at Zheng Dong Corporation, drawing attention to the fact that new logistics routes contribute to a significant increase in trade turnover between Russia and China.
