Russia. Rapeseed oil production gained 25% in MY 2017/18

07.09.2018

RAPESEED OIL. 32.5 KMT of rape oil was produced in Russia in June 2018, or as much as in the previous month and 112.7% more than in June 2017. Even towards the end of the season, the monthly volumes of rapeseed crushing are steadily higher than a year ago, reports UkrAgroConsult.

Overall rape oil production in MY 2017/18 (July-June) was up 25.5% on the year at 383.7 KMT against 305.8 KMT at the same time in MY 201617. The current marketing year turned out to be the most productive for rape oil producers in three seasons. This was contributed to by a good oilseed crop in 2017.

SOYBEAN OIL. The current season continues to feature production records, reports UkrAgroConsult. So, soybean output in September-July 2017/18 hit a new high, totaling 676.6 KMT, or almost 12.2% more than in the same period last season (602.9 KMT). Soybean oil accounts for 12.4% of vegetable oil production.

In July 2018, soybean oil production in Russia was up 11.5% on the month, at 67.7 KMT against 60.7 KMT in May. The upward trend in soybean crushing has been observed for a third month in a row.

As the soybean market is flat ahead of the new season, crushers that have not stopped operation for routine maintenance do not lack feedstock – they are processing available oilseed.

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. Delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade».

 

UkrAgroConsult

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