EU increases oilseed processing in January

Published 2024년 2월 26일

Tridge summary

The European Association of Vegetable Oil Producers (FEDIOL) has reported an increase in oilseed processing in EU oil extraction plants in January 2024, with about 3.5 million tons processed. This includes a steady processing of 1.759 million tonnes of rapeseed, a slight increase in soybean processing to 1.17 million tonnes compared to January 2023, and a continued growth in sunflower seed processing for the third consecutive month, reaching 571 thousand tonnes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Association of Vegetable Oil Producers (FEDIOL) estimates that in January 2024, EU oil extraction plants processed about 3.5 million tons of oilseeds, which is 44 thousand tons higher than last month and 226 thousand tons more than in January 2023. As for rapeseed, local enterprises processed 1.759 mln tonnes of the crop in the analyzed period (the same as in December; +87 thsd tonnes y-o-y). The volumes of soybean processing last month amounted to 1.17 mln tonnes, which actually corresponds to the figure of December, but exceeds the value of January 2023 by 45 thsd tonnes (1.125 mln tonnes). Sunflower has been growing for the third month in a row. In ...

Source: UkrAgroConsult