Export to Morocco

Published 2020년 10월 16일

Tridge summary

A business mission led by Russian officials, including Mikhail Maltsev, the Executive Director of the Russian Fat and Oil Union, and Sergey Levin, the Deputy Minister of Agriculture of Russia, was held online with Moroccan counterparts on October 15, 2020, to strengthen agricultural trade relations between Russia and Morocco. The discussion focused on Russia's leading position in the global sunflower oil market and the potential for increasing exports of cereals, legumes, vegetable oils, confectionery, and meat products to Morocco. The current challenges for Russian companies, such as a 2.5% import duty on vegetable oils and difficulties in foreign currency settlements, were also addressed. The event highlighted the attractive market opportunities for Russian oil and fat exporting companies in Morocco, with a hope to rank Morocco among the top five importers of Russian agricultural products by 2024.

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Original content

Executive Director of the Russian Fat and Oil Union Mikhail Maltsev took part in a business mission of Russian companies exporting agricultural products to the Kingdom of Morocco. The event took place on 15 October in an online format. Deputy Minister of Agriculture of the Russian Federation Sergey Levin noted that the Kingdom of Morocco is viewed by Russia as an important partner in trade with the countries of the Middle East and North Africa. “Russia occupies a leading position in the world market for the export of sunflower oil. There is a very serious potential for increasing supplies to Morocco of cereals, legumes, vegetable oils, confectionery and meat products. We are committed to the maximum strengthening of bilateral cooperation and mutually beneficial ties, ”the Deputy Minister said. Mikhail Maltsev noted in his speech that there is a dynamic growth in the production of fat and oil products in Russia, which is based on an increase in the production of oilseeds. From 2010 ...

Source: AgriNews