Commodities Buzz: Russia Vegetable Oil Production Scales Record Highs In 2018

As per official sources, Russian vegoil production increased 3.8% in the 2017/18 season and hit a new high for this period. So, Russian crushers made 3677 KMT of vegoil in September-March versus 3542.5 KMT at the same time in MY 2016/17.

Roughly 501 KMT of vegoils were produced in Russia in March 2018. This was down 3.7% in February and down 2% from in March 2017.

The gain resulted mostly from expanding sunoil production in the country. Russia produced 2980 KMT of sunoil in September-March 2017/18 that is up almost 3% on the year.