Эксперт: оливковое масло может подорожать из-за засухи в Испании

Published 2022년 11월 7일

Tridge summary

The global market is experiencing a shortage of various vegetable oils, including sunflower, palm, rapeseed, flax, olive, soy, and palm oil, leading to an anticipated increase in prices. Despite Russia's large sunflower harvest, which should lower domestic prices, the overall market tension is expected to prevent significant retail price drops. The situation is similar for other oils, with olive oil experiencing high prices due to import challenges and a reduced harvest in Spain, suggesting that Russian market prices may stagnate or rise.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the world as a whole, there is a large shortage of all vegetable oils - from sunflower to palm, so all forecasts indicate that there is no potential for prices to fall. But all types have a chance for a rise in price, especially olive oil, Sergey Chernikov, associate professor of the PFUR Faculty of Economics, explained to the Prime agency. He noted that Russia had a large sunflower harvest, which should lead to a fall in domestic oil prices by the end of the year. However, in practice, given the general nervous situation on the market, most likely, retail prices will drop less than wholesale prices, because companies are trying to earn some money in case of possible problems in the future. "In general, a similar situation persists with other oils - rapeseed, flax, olives, soy and palm," the expert emphasized. But each of them has its own specificity. For example, olive oil is quite actively imported into Russia through Turkey and Tunisia, but due to currency restrictions and ...
Source: Oilworld

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