Russia: Сrushing capacity utilization is still an open question

09.08.2017

Oilseed plantings in Russia have more than doubled since 2010 and totaled 12.3 Ml ha in the 2016/17 season. Their share in Russia’s overall planted acreage has also increased from 12.8% in 2010 to 15.4% in 2016.

Substantial growth was seen in oilseed production in the period of 2010 to 2016. So, the 2016/17 oilseed crop hit a high of 16.3 MMT that is twice as much as harvested in the 2010/11 season (7.5 MMT).

Assessing the outlook for Russia’s new crop of oilseeds, UkrAgroConsult expects their gross output to increase. However crushing capacity utilization is still an open question due to available production capacities surpass Russia’s whole oilseed crop since as early as 2008/09.

Owing to the implementation of new projects, the crushing industry can potentially expand its capacity by another 2-4 MMT in the coming few years.

Full version of the article is is available to subscribers for weekly market report “Black Sea Vegoils +CIS” and “Online market review” by UkrAgroConsult.

Further prospects of the world 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.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 10 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

 

 

 

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