Russia-s agri exports to India soar

Russia-s agri exports to India soar

Shipments reached 1.3 million tons in the first nine months of the year, with Moscow indicating sunflower oil accounted for a major chunk
Russia’s agricultural exports to India soared in the first nine months of the year, powered by sunflower oil shipments, the Russian agency Agroexport has said, citing estimates.
The federal agency told Interfax 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, despite recent disruptions caused by attacks on Black Sea ports.
The Russia-Ukraine conflict delayed 60,000 tons of sunflower oil shipments bound for India, forcing New Delhi to boost palm oil purchases ahead of its November festival season, according to local reports, citing traders.
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.

Moscow has boosted purchases of chemicals, electrical goods, medical equipment, seafood, tea, and spices from India.