Russia’s farm exports to India rise 11% in nine months, led by sunflower oil

Russia's agricultural exports to India rose significantly in the first nine months of the year. Agroexport reported shipments reached 1.3 million tons, primarily driven by sunflower oil. This represents an 11% increase in volume compared to previo...

TNN

Russia’s farm exports to India rise 11% in nine months, led by sunflower oil


Russia’s agricultural exports to India increased in the first nine months of the year, buoyed by sunflower oil shipments, the Russian agency Agroexport has announced.

The Agroexport said that shipments had reached 1.3 million tons between January and September, an 11% surge in volumes

Sunflower oil exports formed the major chunk of exports, accounting for $1.2 billion of the total $1.45 billion of exports.


Agroexport said the January-September shipment numbers were the second highest recorded after the previous 2.5 million tons clocked in 2024, amounting to trade worth $1.7 billion.

India and Russia have set a target of $100 billion in bilateral trade by 2030.

Bilateral trade has grown by more than 20% so far this year, Russian State Duma Chairman Vyacheslav Volodin said on Sunday. Volodin is also seeking the removal of trade barriers and expansion of joint ventures to aid this growth.
ADVERTISEMENT

Moscow has boosted purchases of chemicals, electrical goods, medical equipment, seafood, tea, and spices from India.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › Russia’s farm exports to India rise 11% in nine months, led by sunflower oil
Text Size:AAA
Success
This article has been saved

*

+