TRANS-OIL took part in the Oil & Fat conference “Oilseeds Markets and Products – 2017: RECORDS AND PROSPECTS” in Moscow.

TRANS-OIL took part in the Oil & Fat conference “Oilseeds Markets and Products – 2017: RECORDS AND PROSPECTS” in Moscow.

10.04.2017

Russia is one of the world’s largest producers and exporters of sunflower oil, therefore its experience and development prospects, processing and export opportunities are very useful for TRANS-OIL, the only producer of sunflower oil in Moldova. It was noted at the conference that the volume of sunflower oil production in Russia increased by 68% from 2011 to 2016 and reached 5.1 million tons in 2016. There were produced more than 1 million tons of sunflower oil in 2015. The export amounted to 2.5 million tons of sunflower oil in 2016. At the same time, the capacities of the oil extraction plants throughout Russia are only 65% of their capacity. TRANS-OIL notes that a similar situation is in Moldova: Two of the company’s oil extraction plants are facing a shortage of raw materials. The main reason for this situation is the sale of raw seeds to the markets of Romania and Ukraine. The average of 90 thousand tons of sunflower oil is produced in Moldova annualy, 90% is exported to the markets of more than 20 countries. The conference in Moscow was attended by 150 representatives of the largest processing enterprises of the Fat & Oil industry, oilseeds producers, technologies and equipment suppliers, traders, industry analysts from Russia and countries of the Eurasian Economic Union, Latvia, Turkey and other countries. The participants have adopted a resolution which is an appeal to the authorities with a request to develop and implement a mechanism to stimulate production of oilseeds by optimizing crop rotations and the use of technologies, meaning the subsidies for processing of 1 ton of oilseeds; it is also advised to include sunflower oil in the list of certain types of socially important food products and harmonize technical regulations for Fat & Oil products in accordance with the international requirements CODEX, ALIMENTARIUS, etc.