Production of soybean oil in Ukraine starting from September 2017/18 MY
During the period from the beginning of the current marketing year and the next three months, 43.300 tons of soybean oil were produced, which is 26.2% more than last year and is the maximum for the period from September to November.
Such information was provided by UkrAgroConsult.
In November of the current marketing year, it was possible to produce 16 thousand tons of soybean oil, which is 0.6% more than last month, and in comparison with the indicator for the same period last year, the increase was 10.3%.
According to analysts, the figures of soybean processing for November reached a maximum for this period.
It should be added that supplies to foreign markets of soybean oil during the same period of the current marketing year decreased by almost 25% compared to this year’s figure.
Soybean oil production in Ukraine has been showing steady growth since September 2017-18 marketing year. Ukrainian manufacturers are actively developing the industry, increasing production volumes and expanding their sales markets.
Ukraine has significant resources for the production of soybean oil. Favorable climatic conditions, the availability of raw materials and the high potential of the agricultural sector contribute to the development of this industry.
The main producers of soybean oil in Ukraine include leading agricultural holdings and food industry enterprises. Their high technological equipment and commitment to innovation ensure high quality and competitiveness of products.
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