In October, global soybean oil exports hit a 10-year low

Total volumes of soybean oil exports from the largest producing countries in October fell to the lowest level in the last 10 years of 386 thousand tons. Such estimates are given by experts from the German analytical agency Oil World. This figure includes data from five countries (Ukraine, USA, Argentina, Brazil and Paraguay). It turned out to be significantly lower than the level of September of this year, when 559 thousand tons were received, and even less than the result for October last year of 466 thousand tons. Over the past ten months, product exports also decreased – by 900 thousand, or from 7.3 to 6.4 million tons. This also became an anti-record, but over the past nine years. The largest supplier of the product turned out to be Argentina with 225 thousand tons, although this is 90 thousand less than in September. In general, for ten months of this year, exports also turned out to be noticeably less than for the same period last year - 3.4 versus 3.9 million tons, ...