MARKET DEVELOPMENT
Russia Imported More Than 0.5 MMT of Palm Oil
Russia Imported More Than 0.5 MMT of Palm Oil
04/07/2013 (UkrAgroConsult) - Russia continues to import palm oil in large volumes. As much as 552 KMT of this product has already been imported by Russia this season, including 59% from Indonesia, 16% from Malaysia and the remainder from Ukraine and the EU.
Russia imported 46 KMT of oil in May against 30 KMT in May 2012 and 57.6 KMT in April 2013. As before, the pace of imports is rapid due to low world prices for the commodity and this season’s decline in Russian sunoil production.
*The discussions on palm oil consumption in Black Sea region will be held at the international conference “Black Sea Oil Trade-2013: New Markets. New Strategies” on September 18, 2013.
Russia imported 46 KMT of oil in May against 30 KMT in May 2012 and 57.6 KMT in April 2013. As before, the pace of imports is rapid due to low world prices for the commodity and this season’s decline in Russian sunoil production.
*The discussions on palm oil consumption in Black Sea region will be held at the international conference “Black Sea Oil Trade-2013: New Markets. New Strategies” on September 18, 2013.