Russian soybean oil production to hit a high in MY 2016/17

03.07.2017

Russia boosted again soybean processing in April 2017. Consequently, soybean oil production grew by more than 16% from the previous month, to 51.2 KMT against 44.1 KMT a month earlier.

The current 2016/17 season (September-April) continues hitting new highs, confirming UkrAgroConsult’s expectations. So, soybean oil output reached 422.2 KMT in the reporting period, or almost 2% more than at the same time in MY 2015/16 (414.5 KMT). As before, soybean oil accounts for over 10% of the total production of vegoils.

Soybean oil production is expected to be at 630-640 KMT by the end of the current season.

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.

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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