Most Turkish importers stopped purchasing sunflower oil and meal from Russia

Source

APK-Inform

74380

According to information of APK-Inform experts, due to the current worsening political and economic relations between Russia and Turkey, to date the majority of Turkish companies-importers are taking the wait-and-see approach, and prefer holding down their purchases of sunflower oil and meal from the Russian Federation, and switch towards the imports of the commodities from Ukraine.

According to the Turkish importers, in terms of the further aggravation of trading relations between Turkey and Russia, the Ukrainian products are able to completely replace Russian sunflower oil and meal on the market. At the same time, rather convenient logistics and well established cooperation between the Turkish and Ukrainian companies in the reporting market segment, will surely play into the hands of Ukraine. Also, the current situation would lead to rising of export prices for the reporting commodities.

At the same time, we should note that some Turkish importers still continue purchasing sunflower oil and meal from Russia.

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