Russia keeps reducing palm oil imports


Palm oil imports to Russia totaled 35 KMT in November 2017, i.e. they decreased by more than half from the previous month (73 KMT). This was the smallest monthly volume in four seasons, reports UkrAgroConsult.

Imports were down more than 13% year-on-year in the first three months of MY 2017/18 at 202 KMT against 232 KMT a year ago. As expected, the current marketing year continues witnessing a downward trend in palm oil purchases by Russia.

This season, the country reduces imports both from key palm oil suppliers and less significant market players. As before, the main exporter is Indonesia, which accounts for 83% of total imports.



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