RUSSIA CHANGES. MARKET INSIGHTS
16
VIEWS
by Aleksey Udovenko
EFKO is keeping positions as a regional leader. Working 100% with Indonesia company monopolized the market. It is reflected in the market shares of Malaysia vs Indonesia. Nevertheless, another big player - SolPro located in Saratovskaya oblast - made a good decision to switch purchases from Indonesia to Malaysia. In 2015 Malaysian share in company’s purchases of palm oil was only 7%. In 2016 it increased up to 37%. In the first months of 2017 the company imports palm oil 100% from Malaysia. Paying higher price, the company believes in further cooperation with Malaysian palm oil Industry.
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