After a long break, Russia has resumed deliveries of domestic oil and fat products to Morocco - Maltsev

Published 2025년 2월 11일

Tridge summary

Russia has restarted its supply of domestic fat and oil products to Morocco, including sunflower oil, rapeseed, and sunflower meal, which have gained over 5% of the total import market share in Morocco. In 2024, Russia's agricultural exports to Morocco tripled to about $280 million, led by wheat supplies, making Russia the leading wheat supplier, surpassing France. Morocco has also resumed purchases of Russian sunflower oil and continues to buy beet pulp, corn, legumes, and other agricultural products. The potential of Russian agricultural supplies to Morocco is estimated at $350 million, with grain, vegetable oils, and confectionery being the main categories. Morocco's wheat imports are expected to reach a record high of 7.5 million tons due to climate change-related droughts, and there is potential for increasing Russian exports of barley to Morocco, given the decline in domestic production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"After a long break, Russia has resumed supplies of domestic fat and oil products to Morocco. And if the export of sunflower oil is still insignificant, then our rapeseed and sunflower meal immediately took up a share of more than 5% of the total import of meals to the Kingdom. In general, the markets of North Africa, and Morocco in particular, have the potential to increase the volume of exports of Russian fat and oil products, since these countries are very dependent on the import of vegetable oils and meals, and Russia is able to offer high-quality products at an attractive price," in turn, says Mikhail Maltsev, Executive Director of the Oil and Fat Union of Russia. In 2024, Russia tripled its exports of agricultural products to Morocco According to experts, in 2024, Russia exported agricultural products to Morocco worth about $280 million, which is almost 3 times higher than in 2023. The growth driver was wheat supplies, which increased 3.4 times in value terms over the ...

Source: Oilworld