Vegoil production in Russia and Kazakhstan remains at its peak value

11.06.2018

RUSSIA. 499.5 KMT of vegoils were produced in Russia in April, i.e. 4.8% less than in March (524.6 KMT) but 4.9% more than in April 2017 (476.2 KMT).

In Russia, overall vegoil production in September-April 2017/18 increased 4.5% to 4200.2 KMT (a record volume for this period) against 4018.7 KMT a year ago, reports UkrAgroConsult.

As a reminder, this gain resulted mostly from growing production of sunoil as the main oilseed product accounting for over 80% of total vegoil output. At the same time, soybean oil production is also at its peak level this season.  

Russia produced 3409 KMT of sunoil in September-April 2017/18, i.e. 4.4% more than in the same period in MY 2016/17 (3264 KMT).

KAZAKHSTAN. According to the Statistics Committee under the Economy Ministry of Kazakhstan, vegoil production in the country set a new record at 32.9 KMT in April 2018 that was up 26% on the year. A total 271.4 KMT was produced in September-April 2017/18, i.e. 13% more than in the same period last year.

In particular, sunseed crushing retained its high speed. So, sunoil output equaled 24.1 KMT in April and was up 15% year-over-year in the first eight months of the current 2017/18 season, reports UkrAgroConsult.

Linseed oil production in April 2018 reached 2.2 KMT that was up 57% from the previous month. However, its production in the first eight months of MY 2017/18 was down 7% on the year.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting 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.

 

UkrAgroConsult

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