Tridge summary
From October 2020 to February 2021, Iran experienced a notable surge in the import of vegetable oils and meal, according to Oil World analysts. The country's soybean meal imports rose to 1.1 million tons, doubling the previous year, with Argentina emerging as a major supplier. Additionally, vegetable oil imports also saw an increase, with palm oil reaching 187 thousand tons and soybean oil at 98 thousand tons, both marking a significant rise from the previous season. Sunflower oil imports also increased, but a slowdown is anticipated due to its limited supply and high global prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to analysts from Oil World (Germany), in October-February 2020/21 MY, Iran significantly increased the import of vegetable oils and meal. In particular, during the specified period, 1.1 million tons of soybean meal were supplied to the country, which is more than 2 times higher than the figure for the same period a season earlier. Argentina has become a key supplier of products. Imports of vegetable oils in October-February 2020/21 MY amounted to 463 thousand tons against 328 thousand tons in the first 5 months of the previous season. In particular, external purchases of palm oil reached 187 (152) thousand tons, the bulk of which was shipped to Iran from Malaysia. Soybean oil imports increased to 98 (16) thousand tons, while Argentina, Russia and Turkey became the main suppliers of products. Sunflower oil supplies to Iran increased to 178 (160) ...
Source: Oilworld
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