In the Russian Federation, the price of sunflower oil may rise sharply if Russian confectioners replace palm oil with it

Russian confectioners refuse palm oil - expert In the Russian Federation, the price of sunflower oil may rise sharply if Russian confectioners finally replace palm oil with it. This was stated by a member of the information policy committee of the regional branch of the "Party of Growth" in the Samara region, the head of the peasant farm Kirill Ermolenko. So he commented on the decision of the Indonesian authorities to ban the export of palm oil. “The problem of banning oil exports from Indonesia is not new for us and, one might say, predictable. Against the backdrop of a general decline in palm oil production last year, this ban was expected. It’s even strange that it was introduced so late,” Yermolenko said. - First of all, palm oil in the Russian Federation is purchased by confectionery factories. It was palm oil that at one time came to our “confectionery” instead of sunflower oil, because then it was almost four times cheaper. But now the world prices for palm oil and ...