7 November 2019
EFKO Group is one of Russian leaders in export of sunflower oil to India
7 November 2019, Mumbai, India – In the season 2018/2019 EFKO, the largest Russian Fat&Oil holding, became one of the main national exporters of sunflower oil to India with the volume 45 ths tn.
Employees of the Group participated in the international conference on sunflower oil that took place in Indian city Mumbai. Within the event, leading Indian importers and processors of vegetable oils discussed current problems of the sector.
Anton Gritsay, director of oil and meal trade of EFKO Group, represented at the conference the topic of Russian market of sunflower oil and told about opportunities of the company for export of vegetable oils from Taman where marine terminal is located – one of the assets of the company. Its important competitive advantage is a large reservoir park that permits storing of 116 ths tn of cargo in bulk supplied for export. In the near future, it is planned to expand reservoir parks. Total capacities of the storing terminal will amount to 140 ths tn.
Anton Gritsay emphasized that the Group increased its capacities for hydration of sunflower oil and is ready to supply via Taman port to the external markets 35-40 ths tn of hydrated oil per month. In general annual average loading capacity of sunflower oil of Taman port amounts to 1 mln tn or 35% from the total volume of shipping of these products in Russian ports.
Asian markets play an important role in consumption of vegetable oils and fats. The main countries consuming sunflower oil in the region are India and China that have enormous potential for export to the Russian Federation.
«Growth of consumption of sunflower oil by India for the last 4 seasons amounted to about 1 mln tn (growth from 1,7 mln tn to 2,7 mln tn). In the season 2018/2019 there are changes in the structure of Indian import related to the increase of the share of sunflower oil export from Russia. Mainly it is due to the fact that Russian processors of sunflower oil improved quality of its products and increased tonnage of shiploads until the volume of 25-30 ths tn», - Anton Gritsay told.
Organizers of the conference on sunflower oil represented by the Assosiation of processing of vegetable oils and oilseeds awarded EFKO company with a diploma for its contribution to development of trading relationship at the market of sunflower oil between two countries. According to the Group, in the season 2018/2019 EFKO will continue to supply sunflower oil made in Russian to India.