Russia was purchased by palm oil and its factions, significantly increased product imports. It has grown in January 2021 by 18.8 percent in annual terms (up to 92.9 thousand tons). Such data leads the Federal State Statistics Service.
compared to the previous month, the indicator jumped by 29.7 percent. Over the past year, the import of palm oil decreased respect to 2019 by 3.4 percent (up to 1.025 million tons). In general, Russia’s foreign trade turnover in January amounted to 43.8 billion dollars (91.9 percent for January 2020), including exports – $ 26.4 billion (86.3 percent), imports – $ 17.5 billion (101 , 8 percent).
In January, it was reported that palm oil on the world market had a record rose. The price of it reached a maximum over the past 10 years (961 dollars per ton, growth since last spring exceeded 100 percent).
Meanwhile, the Russians began to go to cheese substitutes due to falling income. Cheese products – an inexpensive alternative to cheese (third cheaper), with their production it is possible to use vegetable fats, such as palm oil.