In February 2024, the European Association of Vegetable Oil Producers (FEDIOL) reported a mixed trend in the processing of oilseeds within the EU. While there was a general decrease in processing volumes compared to the previous month, the year-on-year figures showed an increase. Specifically, rapeseed processing experienced a slight monthly decrease but a notable annual increase, reaching 1.738 million tons. Soybean processing volumes fell both monthly and annually to 1.053 million tons. Sunseed processing also saw a monthly decline but an annual increase, with 494 thousand tons processed. Overall, the EU processed approximately 3.285 million tons of oilseeds in February 2024.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The European Association of Vegetable Oil Producers (FEDIOL) has calculated that in February 2024, EU oil extraction plants processed about 3.285 million tons of oilseeds – this is 215 thousand tons below the level of the previous month, but 204 thousand tons more than in February 2023. As for rapeseed, local enterprises in the period under review processed 1.738 million tons of this crop (-21 thousand tons against the level of January; +154 thousand tons against the same month last year). Soybean processing volumes last month totaled 1.053 million tons, 117 thousand tons below the January value and 24 thousand tons below the February 2023 level. Sunseed also recorded a decline. ...
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