BAGE cuts soybean production estimate to 50 million mt

Ram Gopal Yadav (7 years ago)

A dearth of rain in the Las Pampas and northern areas of the country has prompted the Buenos Aires Grain exchange to cut its forecast of soybean production 1 million mt to 50 million mt. It is the second successive week that BAGE has cut its estimate of soybean production. Last week it cut its estimate to 51.5 million from 54 million mt.

Russia oilseed stocks down 6.6% year-on-year as of early January

Ram Gopal Yadav (7 years ago)

Russian agricultural companies held 2823 KMT of oilseeds as of January 1, 2018, or 201 KMT (6.6%) less than at the same time last year (3024 KMT). Oilseed stocks fell by 873 KMT in December. Farmer sunseed stocks totaled 1620 KMT, or 266 KMT (14.1%) less than at the same time last year (1620 KMT). Sunseed stocks dropped by 562 KMT in December

Ukraine handling of vegetable oils increased by 18% in 2017

Ram Gopal Yadav (7 years ago)

In 2017 seaports of Ukraine handled 40.6 MMT of grain, which was 0.6% more than during the same period last year. Handling of vegetable oils in Ukrainian seaports increased 17.7% to 5.5 MMT in 2017, compared to 4.7 MMT over the same period last year. This indicator became a record one, while stable and rapid growth of vegetable oils processing shows prospects of this direction in the port industry of Ukraine. In 2017 Nikolayev, Chernomorsk and Yuzhnyi ports remained the largest ports for vegoil handling in Ukraine