Palm Oil Report - 12 January 2018 Palm Oil Report - 12 January 2018 | DZHI - DZH International 

Palm Oil Report - 12 January 2018

  • i2Matrix
  • 12 January 2018

Russia keeps reducing palm oil imports

Palm oil imports to Russia totaled 35 KMT in November 2017, i.e. they decreased by more than half from the previous month (73 KMT). This was the smallest monthly volume in four seasons, reports UkrAgroConsult.
Imports were down more than 13% year-on-year in the first three months of MY 2017/18 at 202 KMT against 232 KMT a year ago. As expected, the current marketing year continues witnessing a downward trend in palm oil purchases by Russia.
This season, the country reduces imports both from key palm oil suppliers and less significant market players. As before, the main exporter is Indonesia, which accounts for 83% of total imports.
-- UkrAgroConsult



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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

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