Ukraine. Soybean oil production decreased 6.5% this season

18.08.2017

In June 2017, the production of soybean oil by large and medium-sized enterprises of Ukraine remained at the level of previous month - 14.2 KMT (15.7 KMT in June 2016).

Since the beginning of 2016/17 MY (September-June), 137.7 KMT of soybean oil were produced compared to 147.3 KMT last season. It means that this season’s production is 6.5% behind last year. As a reminder, at the beginning of the season, the underrun was 25%.

As UkrAgroConsult expected, the second half of the season shows a strong interest of crushers in soybeans, which will persist during the last months of the marketing year and will allow reaching at least 165 KMT production.

 

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