Russia. Rapeseed crushing up 23% on the year

26.04.2018

Rape oil production gained 23% in MY 2017/18 (July-February), reaching 258.9 KMT versus 210.3 KMT a year ago. It reversed a downward trend seen in the last two seasons, reports UkrAgroConsult.

32.4 KMT of rape oil was produced in Russia in February 2018 versus 30 KMT in the previous month and 22 KMT in February 2017. Monthly production volumes of rape oil have steadily been up year-on-year since the beginning of MY 2017/18, expect for a minor downturn in January. This was contributed to by a rapeseed crop increase in 2017.

The same trends are seen in rapeseed crushing in Ukraine. Rape oil production is high up 25.7% in the first eight months of the 2017/18 season compared to the previous one. In July-February Ukrainian oil and fat industry produces 81.0 KMT of rape oil against 64.5 KMT a year ago due to more active crushing of rapeseed in August-September 2017.

More information on oilseed crops and vegetable oils market developments 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.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

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