BELARUS NEWS AND ANALYSIS
DATE:
05/03/2010
Belarusian oil-processing enterprises offer to decrease rapeseed prices
The FINANCIAL -- Belarusian producers of fat-and-oil products propose to lower prices for rapeseed oil in order to process the product for food aims.
The price should become lower in order to use rapeseed oil for food processing and bottling, declared Galina Kustinskaya, the director of OJSC Bobruisk plant of vegetable oils, on March 3.
According to her, the differentiation of the oil prices for the further processing at biodiesel and for the food aims will allow increasing demand in the oil products on the domestic market.
According to data of the Belarusian State Food Concern Belgospischeprom, in 2009, production volumes of vegetable oils in Belarus totaled nearly 138 thsd tonnes and increased by 1.7 times compared to 2008 volumes. Rapeseed oil formed 99% of the general structure of vegetable oils.
In 2009, exports of Belarusian rapeseed oil totaled 81.5 thsd tonnes (up 3.8 times).
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