RUSSIA 2017. BRIEF OVERVIEW OF PALM OIL IMPORT. |
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by Aleksey Udovenko
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In Russia 2017 marked strong competition between palm oil and sunflower oil. Despite this, the annual import by "palm oil" group added 21% by volume terms or 35% by value y-o-y.
Starting January 1, 2018, Russia imposes new restrictions on trans fatty acids content in certain special fats.
This will lead to import increase of tropical oils to Russia in general, and palm oil and its fractions in particular. Some estimations forecast 5-10% of imports.
Thus, it can be expected that in 2018 palm oil imports to Russia for the first time will exceed nine hundred thousand tons
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