Ukraine. Soybean crushing restored to the 2015/16 level this season

14.12.2017

Ukraine’s large and medium-sized crushers produced 15.7 KMT of soybean oil in October 2017, or 36.5% more than in the previous month (11.5 KMT) and up 33% from October 2016 (11.8 KMT). Overall soybean oil production during the first two months of the current 2017/18 season amounted to 27.2 KMT against 19.8 KMT a year ago, reports UkrAgroConsult.

As a reminder, soybean crushing fell last season in view of record soybean exports, which reached 2.9 MMT in the 2016/17 season. The new 2017/18 season started with keen competition between traders and crushers in the soybean market. This promoted both exports and domestic crushing of soybeans.

 

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