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Trade exchanges between Russia and Iraq have witnessed a dramatic development in the vegetable oils sector, with Russian sunflower oil exports to Iraqi markets recording an unprecedented 72-fold increase. This significant jump reflects a strategic shift in Iraq's supply chains, as the country increasingly relies on Russian production to meet its edible oil requirements.
These figures come amid growing economic ties and intensive diplomatic engagements, as Moscow seeks to strengthen its market share in the Middle East. Experts indicate that this massive growth positions Russia at the forefront of oils and fats exporters to the Iraqi market, directly impacting price dynamics and global competitiveness in this vital sector.
Source: National Iraqi News Agency | NINA