The top importer of Russian soybean oil
Russia exported 44 KMT of soybean oil in November 2017 that was the largest volume for this month. The shipments gained almost 48% against October and over 84% against November 2016. Overall, 2017/18 export statistics shows a 9% drop year-on-year. So, 114.9 KMT of soybean oil was exported in the first three months of the current season against 126.4 KMT at the same time last marketing year.
In the current 2017/18 season, China replaced Algeria as the top importer of Russian soybean oil. Consequently, the Chinese share of the market expanded to 45%, while Algeria’s share shrank to 37%, reports UkrAgroConsult.
In addition, no more soybean oil was shipped to Venezuela and Tunisia, but its deliveries to the EU (13% of total exports) gained almost a quarter.
Source: UkrAgroConsult
