However, procurement in General has decreased by 11.7% compared to the same period of the previous year (89.7 thousand tons). In addition, the import of palm oil reached a three-year low.

Recall that Russia has reduced the import of palm oil in the 2016/17 year by 13.5%. It is expected that this trend will continue in the new season 2017/18.

Indonesia remains the leading supplier of palm oil to Russia in the new season 2017/18. The country increased exports by 5% and won 89% of the Russian market. Malaysia, by contrast, has reduced the supply of palm oil in Russia more than four times and reduced the market share to 3%.

Photo: taringa.net