Algeria increased purchases of Russian sunflower oil by 81%

Published 2024년 2월 6일

Tridge summary

Russia has seen a significant increase in its export of sunflower oil to Algeria, with a rise of 81% from 2022, amounting to over 2.7 million tons. This represents a 20% increase in monetary terms year on year, and a fivefold increase over the past five years. Despite a slight decrease in soybean oil exports, Russia maintains a 15% market share in Algeria's vegetable oil imports. Additionally, Russia has resumed wheat exports to Algeria, showing a 91% increase over the past year and is prepared to supply a variety of other food products, potentially exceeding $1.5 billion in export value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of last year, Russia increased the export of sunflower oil to Algeria by 81 percent from the 2022 level, or to more than 2.7 million tons. The magazine field.rf writes about this with reference to data from the federal center of the Ministry of Agriculture “Agroexport”. In monetary terms, product deliveries increased year on year by 20 percent, and over the past five years - almost five times. Over the last period under review, oil shipments increased 2.8 times in physical terms to 11 thousand tons or 2.2 times in monetary terms. Specific cost figures are not reported. Interest in this product is associated not only with its wide distribution, but also with its excellent taste and great ability to saturate consumers. The latter is of particular importance for Algeria due to serious economic difficulties. Russia's trade representative in the African country, Ivan Nalich, also quoted by the magazine, said that our country as a whole is the most important supplier of ...
Source: Rosng

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