Russia. Soybean oil producers set records in the current marketing year of 2016/17

22.05.2017

43.5 KMT of soybean oil was produced in Russia in March 2017 that is 4.5% more than in the previous month (41.6 KMT) and up 5% from March 2016 (41.4 KMT). As expected, the current 2016/17 season continue going the way of new highs. So, soybean oil production reached 370.4 KMT in September-March, up 1.7% year-over-year (364.1 KMT in the same period in 2015/16). This product accounts for 9.4% of total vegoil output.

Assessing the current season’s trends, UkrAgroConsult expects soybean oil producers to end the marketing year with a new production record of least 630 KMT.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

 

UkrAgroConsult

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