RUSSIA’S OILSEED SECTOR PROSPERS, DESPITE UKRAINE INVASION
March 11th, 2023
Russia’s bio-based oil sector looks set to benefit from the spoils of war, being poised to become the new global leader in the export of sunflower oil over the current agricultural year, overtaking past export leader Ukraine, which its military has invaded since last February, with 8,317 civilian deaths as of March 20 (2023).
The disrupted Ukraine sunflower sector – concentrated in the east and south-east part of the country most heavily bombed and shelled through the invasion – saw a 25% year-on-year drop in oilseed harvests in 2022 according to US ...
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