Investing in a plot of land as well as the construction costs of your facility will be the other significant chunk of your overall investment in the soybean oil manufacturing plant cost. Before you can begin production of any sort, you should ensure that you have all the necessary licenses and certifications associated with soybean oil production.
How many metric tonnes of soybean oil are produced in 2021?
It goes by many names, it is produced in several countries on most continents, and its oil has a number of uses in kitchens the world over. Estimates suggest that over 62 million metric tonnes of soybean oil were produced between 2021 and 2022, and that number is only likely to grow. So, you’re considering getting in on the soybean oil action?
Which seed producers dominate the seed market in Burundi?
These shares show that the top four seed producers for maize and bean dominate the seed market for that crop. In the case of the HHI, the lower the score, the more competitive the market. Table 11 shows the HHI scores in 2017 in Burundi. The HHI scores were 8,885 for bean, 4,418 for maize, 3,689 for wheat and 2,160 for rice seed.
Which countries produce the most soybeans in the world?
Since the 1950s, soy production has increased 15-fold and shifted from Asia to the United States, Brazil, and Argentina, which now account for 80% of global soybean production (Ritchie, 2021).