Sitemap

VictoriaOil: Domestically Produced Cooking Oil in China

Quarter Of Britons Resort To Skipping Meals

A quarter of Britons have resorted to...

French Companies Show Increased Interest In Investing In Serbia

The French Development Agency is showing increased...

Cannes Film Festival Opens With Zelenskiy Appeal To World Cinema

The Cannes Film Festival opened up Tuesday...

EC: Serbia’s Growth Is 3.4 % This Year, In The EU Eurozone 2.7 %

The European Commission forecasts growth of Serbia's...

UN Calls For Renewable Energy Push Following Damning Climate Report

UN chief Antonio Guterres has called for more investment in renewable energy and an end to the millions of...

US And Global Banks Unveil Multi-billion Dollar Plan To Address Worldwide Food Crisis

The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a...

EU Commission Proposal Suggests Mandatory Solar Rooftops

The EU wants to increase its solar generation capacity in response to the invasion of Ukraine. The European Commission has...

Quarter Of Britons Resort To Skipping Meals

A quarter of Britons have resorted to skipping meals as inflationary pressures and a worsening food crisis conflate in...

French Companies Show Increased Interest In Investing In Serbia

The French Development Agency is showing increased interest in investing in Serbia, said H.E. Pierre Cochard the French ambassador...

The VictoriaOil Company continues with conquering new markets and expanding in the countries where it has been present for years following the last year’s success of increasing its sales revenue by 41% and the value of import by €10.8 million.

This year, the cooking oil plant, which is a part of the Victoria Group business system, entered the Chinese market where it sold its first quantities of edible sunflower oil and raw soy oil.

“We have just exported our first contingent of bottled refined sunflower oil which our Chinese partner is now selling in its retail stores. We have also exported the first 500 tonnes of raw soy oil while successfully overcoming all the challenges associated with transporting this kind of product to such a geographically distant market”, said Nikola Vujačić, CEO and Operations Director of Victoria Group.

Following the traditionally successful sales of refined sunflower and oilseed rape oil, VictoriaOil has also recorded a substantial growth in demand for soy and especially sunflower lecithin used in the confectionery industry.

VictoriaOil mostly exports to countries that are close by including Austria, Slovakia, Slovenia, Greece and Albania and half of its total production is exported.

The company processes 230,000 tonnes of sunflower and 85,000 tonnes of soy and oilseed rape annually which it mainly buys from local farmers. The company uses these crops uses in the production of finished and semi-finished products. This makes VictoriaOil one of the biggest net exporters in Serbia.

Related Articles

China’s Trade With Russia Won’t Be Enough To Offset Sanctions, U.S. Says

China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House. In the hours...

The First Belgrade Think Tank As Part Of The Road And Belt Initiative Was Held At The Palace of Serbia

The main organiser of the conference was the Belt and Road Institute, formed by the Serbian government, Serbian Chamber of Commerce and Novi Sad...

China

Terra Cotta Soldiers On The March

A traveling exhibition of China’s terra cotta warriors sheds new light on the ruler whose tomb they guarded In March 1974, a group of peasants...

Putin Arrives In Beijing For Winter Olympics With Gas Supply Deal For China

Russian President Vladimir Putin arrived in Beijing on Friday for the 2022 Winter Olympics and a meeting with Chinese President Xi Jinping, bringing with him a...

2022 Beijing Winter Olympics: Answers To Some Big Questions

The 2022 Winter Olympics in Beijing are right around the corner, with all kinds of questions — about international politics, public health and, yes,...

Russia, China, Britain, U.S. And France Say No One Can Win Nuclear War

China, Russia, Britain, the United States and France have agreed that a further spread of nuclear arms and a nuclear war should be avoided,...

China To Remove Limits On Foreign Investment In Passenger Car Manufacturing

Chinese authorities will allow full foreign ownership of passenger car manufacturing in the country beginning Jan. 1, 2022. That’s according to a release Monday from the Ministry...

Russia Vetoes UN Resolution Linking Climate Change, Security

Russia has vetoed a first-of-its-kind U.N. Security Council resolution casting climate change as a threat to international peace and security Russia on Monday vetoed a...