Russia reducing palm oil purchases for a second month in a row

19.07.2017

Palm oil purchases by Russia totaled 59.7 KMT in May 2017, down more than 13% from April (68.7 KMT) and down 16% from May 2016 (71 KMT). Overall, Russia imported 641.1 KMT of palm oil in September-May of the current 2016/17 season that is 11.6% less than at the same time in MY 2015/16. As a reminder, a record some 725 KMT was imported at the same time last season.

In the current 2016/17 season, palm oil imports fell due to lower purchases from major importers such as Indonesia, Malaysia and the Netherlands. However, Indonesia’s import share shrank to 78% against 86% a year ago, while the respective shares of Malaysia and the Netherlands, on the contrary, grew to 10% (from 7.6% in 2016) and 9% (5.4%).

Further prospects of the world oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 10 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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