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Russia: There will be no palm oil, we will switch to margarine

RBD Palm Oil
Margarine
Russia
Published May 7, 2022

Tridge summary

With a complete embargo on the import of palm oil to Russia, confectioners will switch to natural ingredients and finally stop poisoning the population. This opinion was expressed by KONKURENT.RU experts. The largest supplier of palm oil in the world, Indonesia, has stopped the export of palm oil since April 28 due to shortages and rising prices. The ban was introduced until the situation in the domestic market stabilizes.

Original content

05/06/2022 With a complete embargo on the import of palm oil into Russia, confectioners will switch to natural ingredients and finally stop poisoning the population. This opinion was expressed by KONKURENT.RU experts. The largest supplier of palm oil in the world, Indonesia, has stopped the export of palm oil since April 28 due to shortages and rising prices. The ban was introduced until the situation in the domestic market stabilizes. The annual volume of palm oil in Russia reached a million tons, and most of it was supplied from Indonesia. In general, for many years in a row, “palm” has been ranked second after sunflower in terms of consumption in the country. The demand for palm oil is explained by its low cost and cheapness - it is 40% cheaper than other vegetable oils. Alexander Feigin, Director of the Primorsky Certification Center: “Therefore, when the opportunity arose, many people happily switched to palm oil. Especially manufacturers of confectionery. No wonder. With the ...
Source: Oilbranch
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