The EU increased oilseed processing in the first half of the year

Source:  OleoScope
подсолнечное масло

The European Association of Vegetable Oil Producers (FEDIOL) estimates that in June 2023, the EU oil extraction plants processed almost 2.9 mln tonnes of oilseeds (-0.433 mln tonnes compared to the previous month). In general, since the beginning of the year (January-June), the figure increased to almost 19.4 mln tonnes against 18.64 mln tonnes in the same period of 2022.

As for rapeseed, local enterprises processed 1.26 mln tonnes of the crop in June (-18% compared to May 2023) and 9.33 mln tonnes in the first 6 months (+12% compared to January-June 2022).

At the same time, last month soybean processing volumes decreased by about 14% to 1.11 mln tonnes compared to May. Since the beginning of the year, there is a 7% decrease to 7.06 mln tons.

On the contrary, sunflower seeds are growing month-on-month. In June 2023, 517 thsd tonnes of seeds were delivered to the crushing plants for further processing, which is 2.5% more than a month earlier. Since the beginning of the year, the figures have increased by 9% to almost 3 mln tons.

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