Exports of vegetable oils from the Russian Federation to Africa may increase by 1.5 times
Refined Sunflower Oil
Russia
Market & Price Trends
Published Dec 1, 2023
Tridge summary
According to the information and analytical agency OleoScope, supplies of vegetable oils from Russia to African countries are predicted to increase by 1.5 times in 2023, reaching over 850 thousand tons. This increase is mainly due to a projected 2.5-fold increase in sunflower oil shipments. While palm oil remains the most popular type of oil in the region, the demand for sunflower oil is gradually growing.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
This will happen due to an increase in sunflower oil shipments by approximately 2.5 times In 2023, supplies of vegetable oils from Russia to African countries may increase 1.5 times, to more than 850 thousand tons, the information and analytical agency OleoScope predicts. The increase will occur due to the expected increase in sunflower oil shipments by approximately 2.5 times. At the same time, for African consumers it still remains a premium product, but demand is gradually growing. The most popular type of oil in the region is traditionally palm oil, which is the most affordable, notes OleoScope analyst Kirill Lozovoy. According to him, over the 10 months of this year, Russia sent 652 thousand tons of oils to Africa compared to 446 thousand tons during the same period last year. The increase in shipments was observed against the backdrop of a noticeable increase in sunflower oil exports - from 178 thousand tons to 419 thousand tons. The key buyers of the product in ...
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