Russian vegoil production still at a record high

11.05.2018

Russian vegoil production increased 3.8% in the 2017/18 season and hit a new high for this period, reports UkrAgroConsult. So, Russian crushers made 3677 KMT of vegoil in September-March versus 3542.5 KMT at the same time in MY 2016/17.

Roughly 501 KMT of vegoils were produced in Russia in March 2018. This was down 3.7% in February and down 2% from in March 2017.

The gain resulted mostly from expanding sunoil production in the country. Russia produced 2980 KMT of sunoil in September-March 2017/18 that is up almost 3% on the year.

Russia. Solnechnye Produkty Holding opened Volga navigation with a 5 KMT shipment of sunoil

Solnechnye Produkty Holding has shipped by water this year’s first sunoil cargo of 5 KMT.

The bulk sunoil was shipped by the ‘Balt Flot 17’ tanker along the Volga River directly from a Balakov-based plant to Rostov-on-Don.

Water shipments are a promosing area of logistics. In 2017, the Balakov plant loaded 17 vessels with 43 KMT of bulk sunoil and some 9 KMT of granulated husks during the navigation period (May-November).

As a reminder, Solnechnye Produkty is a Russian vertically integrated agro-industrial holding specialized in growing crops and producing vegoils and vegoil products. It is one of the top three fat-and-oil market leaders.

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.

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

Readers choice: TOP-5 articles of the month by UkrAgroConsult