African countries account for about 14% of the total exports of Russian oils

The head of the Fat and Oil Union, Mikhail Maltsev, says that due to the reduction in supplies of agricultural products to unfriendly countries, exporters have actually stepped up the export of vegetable oils to friendly countries, including African countries. According to him, shipment volumes increased by 53% and by the end of the year could amount to more than 850 thousand, of which 55% is sunflower oil, another 45% is soybean oil. Currently, African countries account for about 14% of the total exports of domestic oils. The main importers are Egypt, Algeria, Sudan and Tunisia, accounting for 90% of Russian exports to Africa. According to Maltsev, barriers to a serious increase in export volumes to Africa are both traditional for other directions issues with payment processing and the cost of logistics, as well as issues specific to the African continent - issues of buyer solvency.... Independent grain market expert Alexander Korbut also notes that the main limiting factor for ...