Ukrainian soybean oil production broke last year’s record


In December 2018, soybean oil production by large and medium-sized crushers in Ukraine totaled 19.4 KMT. This is 5.4% up than in the previous month, up 6% from the same month last year and the highest-ever volume for December.

As expected, soybean oil production in the first four months of the 2018/19 season broke last year’s record (61.6 KMT) and increased to 73.5 KMT, reports UkrAgroConsult.

As a reminder, market participants believe that processing of this oilseed will revive by the beginning of the new calendar year. UkrAgroConsult’s preliminary estimate for soybean oil production now remains at 330 KMT.

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.

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