Tridge summary
In October 2023, EU oil extraction plants processed over 3 million tonnes of oilseeds, a slight increase from the previous month. From January to October, the total amount of oilseeds processed increased to over 32 million tonnes compared to the same period in 2022. Rapeseed processing saw a 6% increase in October and a 10% increase from January to October 2023, while soybean processing declined by about 20% in October and 6% since the beginning of the year. On the other hand, sunflower production has been steadily growing, with a 21% increase in October and a 20% increase since the start of the year.
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 October 2023, the EU oil extraction plants processed more than 3 mln tonnes of oilseeds (+0.014 mln tonnes compared to the previous month). In general, since the beginning of the year (January-October), the figure increased to more than 32 mln tonnes, compared to 30.44 mln tonnes in the same period of 2022. As for rapeseed, local enterprises processed 1.684 mln tons of the crop in October (+6% compared to September) and 15.926 mln tons in the first 10 months (+10% compared to January-October 2022). At the same time, the volumes of soybean processing last month dropped by about 20%, to 771 thsd tonnes, compared to September. Since the beginning of the year, there has been a 6% decline to 11.163 mln tons. On the contrary, sunflower production is growing month on ...
Source: UkrAgroConsult
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