Ukraine increased soybean oil production by 27%

04.07.2018

Overall soybean oil output in September-May 2017/18 in Ukraine remained at a record 156.7 KMT, up 26.8% year-over-year, reports UkrAgroConsult.

Despite a slowdown in the last two months, soybean crushing in Ukraine is still at a high level.

So, the country’s large and medium-sized crushers produced 18.1 KMT of soybean oil in May 2018 that is down 8.6% from the previous month (19.8 KMT) but up 27.5% from May 2017 (14.2 KMT). May 2018 saw a record monthly volume of soybean oil production.

According to UkrAgroConsult estimates, Ukrainian soybean oil production in the 2017/18 season will total at least 170 KMT, i.e. it will hit a new all-time high.

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.

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

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