Preferential Currency Failure in Oil Market

The preferential currency allocation policy, although adopted with the aim of supporting vulnerable groups, did not achieve much in practice.

Also, the allocation of preferential currency to crude oil has led to an increase in the export of processed foods, in the production formula of which oil is one of the main raw materials. So that, based on available data, the monthly production and supply of 220,000 tons of vegetable oil indicates a very high market elasticity and significant demand for this product.