In November 2019, Russia produced the record monthly volumes of sunflower oil — Rosstat

Source

APK-Inform

1667

In November 2019, Russia produced the record monthly volumes of crude sunflower oil — 546 thsd tonnes, an increase of 2% compared with the previous maximum figures fixed in the previous month, declared the Federal State Statistics Service (Rosstat).

The production rates of the product Russia continued growing for the third running month. According to APK-Inform analysts, the trend developed, due to the record supply of sunflower seed on the market, and rather attractive prices in September-October period. Combination of the reporting factors allowed to oilseed processing enterprises to form the required resources of raw material. In addition, the situation on the export market of sunflower oil also made the positive impact on the segment.

For 3 months of 2019/20 MY (September-November), Russian companies produced the record volumes of crude sunflower oil — 1.4 mln tonnes, up 25% compared with the same period last season, and up 15% compared with the previous maximum (1.2 mln tonnes in September-November of 2016/17 MY).

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