In June the global soybean oil export will rise by 8%

14 Jul, 2017
In June the global soybean oil export will rise by 8%
According to Oil World, in June 2017the global soybean oil export rises by 8% compared to June 2016 up to 872,000 tonnes.

There is an increase in supplies on part of Argentina 550,000 tonnes (492,000), Paraguay 83,000 tonnes (73,000), Brazil 179,000 tonnes (172,000). There is decline on part of the US 60,000 tonnes (72,000).

The major buyers of soybean oil were India 0.43 million tonnes (0.39), South Africa, Morocco, Egypt, Algeria, Peru, Iran and South Korea.

During the period January - June 2017, global export of the product declined to 4.43 million tonnes (4.6), as purchases from African countries are reduced to 364,000 tonnes (691,000).