Mass consumption; how is the palm oil market developing in Russia?

05/31/2022 Our food industry has been in a stupor for almost a month: Indonesia, the world's leading producer of palm oil, has suspended its export. And not because of anti-Russian sanctions. The production of the "palm" has simply decreased, its cost has risen, and the Indonesians have problems with access to basic foodstuffs. News agencies voiced the promise of the country's President Joko Widodo: "I will personally supervise import restrictions so that vegetable oil in the domestic market is abundant and at an affordable price." Without Indonesian palm oil, the whole world could be left. Food, cosmetics and... gas tank Now let's imagine the picture "in numbers". Indonesia produces about 45 million tons of this oil. 15 million tons are exported. Russia imports 1 million 70 thousand tons, of which 97% is Indonesian "palms". The second oil supplier is Malaysia with a share of 3%, respectively. In monetary terms, Russia spent $1.2 billion on such purchases last year. By the way, it ...