Russian confectioners face palm oil shortage

Russian confectionery manufacturers have begun to experience a shortage of one of the most important products for their production, palm oil, from Indonesia. This was reported by the Kommersant newspaper with reference to market participants. In particular, according to the Oil and Fat Union, only 638 thousand tons of this product were delivered to Russia in January-September of this year, which is 8.7 percent less than in the same period last year. At the same time, 626 thousand came from Indonesia, 9 thousand from Malaysia, and insignificant volumes were also delivered by Italy and the Netherlands. At the same time, they expect that in the near future, palm oil imports will recover to last year's volumes. Of the specific companies, Rusagro confirms problems with the availability of this product. They note that in the third quarter of this year, sales of industrial fats decreased by almost a third year-on-year to 67 thousand tons, and their production also decreased ...