Russia. New oil extractor to increase soybean crushing capacities in Amur region as soon as this fall

13.08.2018

In the fall of this year, it is planned to launch an oil extraction plant in Amur region (the village of Znamenka, Romensky district). The agricultural company Krasnaya Zvezda has been building the facility for five years at its own cost, reports UkrAgroConsult.

The plant’s design capacity is up to 100 KMT of soybeans a day. Output of the finished products is expected at some 80 MT of meal and 18-20 KMT of oil. In the first phase, the plant is to work on feedstock of own production, though purchasing soybeans from other growers in the future is not ruled out.

In addition, marketing of the finished products has been arranged. The lion’s share of this soybean oil will be shipped to foreign markets. The company has already achieved 18-month agreements on its imports. A minor share of the product will remain in the domestic market.

It is projected to leave half soybean meal output for the needs of own livestock and poultry companies; the remainder will be offered to other Russian consumers.

Russia. Rapeseed crop in Tomsk region will be processed at a new oil extractor. A rapeseed crushing plant with an annual capacity of 60 KMT is to be constructed on the premises of an operating poultry plant in Tomsk region.

It is projected to put the first stage of the plant into operation in December 2018, while its launch at full capacity is scheduled for October 2019. The value of the investment project is estimated at RUB 500 Ml. Output of the finished products is expected at 21 KMT of rape oil and 33 KMT of cake.

It is planned to export the rape oil to China and Eastern Europe, while the cake will find demand in the domestic market.

The construction of a crushing facility in the region will be an additional incentive for further expansion of rape plantings. So, the planted area of rape was increased to 20 Th ha this year versus 12 Th ha a year ago.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine. More than 100 delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade».

 

UkrAgroConsult

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