EU countries increased oilseed processing volumes in August

According to Fedoil August oilseeds processing in the EU continued to increase, reaching 3.48 million tons, which is 224 thousand tons (or 7%) more than in July (3.25 million tons) and exceeds the level of the indicated month of 2023 (3.24 million tons).

In particular, rapeseed processing in the indicated month reached 1.88 million tons (1.66 million tons in July; 1.49 million tons in August 2023), soybean – 1.21 (1.14; 1.15) million tons, sunseed – 384 (448; 367) thousand tons.

Thus, the total volume of oilseeds processing in the EU since the beginning of 2024 reached 26.78 million tons with processing capacity of 31.04 million tons compared to 25.60 million tons in January-August 2023, including rapeseed – 13.32 (12.65 million tons, soybean – 9.47 (9.55) million tons, sunseed – 3.99 (3.41) million tons.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

Tags: rapeseed, EU, soybean, oilseeds, sunseed