Algeria imports 38% of Russian soybean oil

In September-June of the 2018/19 season, soybean oil exports were record high at 458.1 KMT against 427.3 KMT a year before, reports UkrAgroConsult.

Algeria remained the largest importer (38%). The imports decreased by 7% to 172.7 KMT.

Iran took the fourth place among key importers with a share of 10% this season. The country imported 44.6 KMT of soybean oil.

In the 2018/19 season, the markets of India and Vietnam were opened.

Exports grew in the following directions: Cuba (+18%), Denmark (+109%) and Tunisia (+18%). Though exports decreased to China (-23%).

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