Russian producers will look for new markets for vegetable meal

Russian producers of oil and fat products, which from July 1 will be subject to prohibitive duties when imported into the European Union, will be able to redirect their supplies to other markets. The executive director of the Fat and Oil Union, Mikhail Maltsev, told pole.rf. According to him, due to the introduction of duties, the European Union will have to look for alternative sources of meal supplies, replacing imports from Russia and Belarus with purchases from other exporters in the Black Sea region, probably in Ukraine. “This means that Russian products will replace them in those markets where the presence of Ukrainian meal will decrease. In addition, the capacity of the markets where our oil and fat products are traditionally exported is quite high, and we can increase the volume of supplies to them,” Maltsev told Agroinvestor. The introduction of duties will not affect the development of Russian exports of vegetable oils, since Russia mainly exports it to friendly ...