In 2023, Iran imported the minimum amount of vegetable oils in the last 3 years

Iran

Published Aug 18, 2023

Tridge summary

Iran's total imports of the 5 main vegetable oils decreased in the first seven months of this year to the lowest level in the past three years, reaching 875 thousand tons. The country significantly reduced its purchase of soybean oil during this period, but increased imports of other types of oil, such as sunflower oil. Palm oil imports also saw an increase, while rapeseed oil imports exceeded expectations. Most of the oil was supplied by countries including Russia, Kazakhstan, Moldova, Romania, Turkey, and the United Arab Emirates.

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Original content

According to Oil World (Germany), in January-July this year. the total volume of imports of 5 main vegetable oils to Iran decreased to a minimum of the last 3 years - to 875 thousand tons, which is 3.3% less than the result of the corresponding period in 2022 (905 thousand tons). As specified, the country during the specified period significantly reduced the purchase of soybean oil - to only 59 thousand tons against 234 thousand tons in January-July 2022. However, imports of other types of oil increased, in particular sunflower oil - up to 496 (482) thousand tons. Most of the purchased product was supplied from the Russian Federation, Kazakhstan, Moldova and Romania. Palm oil imports increased to 287 thousand tons compared to 182 ...

Source: Oilworld