Russia produced record high volume of soybean oil in 2015/16

12.10.2016

In August 2016 Russia produced 284 KMT of vegoils against 315 KMT in July 2016 and 205 KMT in August 2015. Total vegoil production in 2015/16 reached 4863.3 KMT, informs UkrAgroConsult.

Sunflower oil production in August 2016 equaled 209 KMT against 231 KMT in July 2016 and 109 KMT in August 2016. Total production in 2015/16 exceeded the result of 2014/15 and equaled 3876 KMT against 3711 KMT in the previous season.  Sunseed processed product has 80% share in total vegoil production.

Despite decrease in soyoil production in August 2016 (to 48 KMT), total production in 2015/16 was record high – 629.6 KMT, which was 11% higher than in 2014/15 (566.4 KMT).

In August 2016 rapeseed oil production lowered to 19 KMT, since the beginning of 2016/17 (July-August) to 44.6 KMT. This tendency has been observed third season in a row, which is quite understandable as farmers prefer growing sunflower and soybean.

 

UkrAgroConsult

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