Food industry

The volume of consumption of soft drinks in India in 2018-2022 was in the range of 14.0–18.0 million tons. The average annual consumption growth rate for 2018-2022 was 6.5%.

The overall export of oilmeals during April to Nov., 2023 reported at 2,883,921 tons compared to 2,382,690 tons i.e. up by 21%.

The experts of the Interagro group analyzed the grain market, as well as the volume of flour production for 9 months. Main trends: rising prices for grain transportation forces processors to load capacities that were previously used only by half

Import of Vegetable Oils during November 2023, first month of the Oil Year 2023-24, is reported record import of 1,160,590 tons compared 1,030,204 tons in October 2023 i.e. up by 13% and 1,545,540 tons during Nov.’22.

In 2018-2022, the production of vegetable oils in India, including soy, gradually increased: in 2022, 9.3 million tons of vegetable oils were produced in the country, which is 5.9% higher than in 2021.

Vodka is one of the most popular alcoholic beverages in the world. The global demand for vodka is supported by the growing popularity of alcoholic cocktails based on it.

In 2018-2022, the production of chocolate confectionery in Serbia gradually decreased: in 2022, 20.5 thousand tons of chocolate were produced in the country, which is 7.2% less than in 2021.

The Export of Oilmeals for the month of Sept., 2023 is provisionally reported at 330,568 tons compared to 240,669 tons in Sept., 2022 i.e. up by 37%.  The overall export of oilmeals during April to Sept., 2023 reported at 2,276,121 tons compared to 1,762,343 tons i.e. up by 29%.

Soybean meal is the most important ingredient that is used in the feed industry, mainly as a protein supplement. The development of animal husbandry along with the increase in feed production capacity are the main factors supporting the demand for soybean meal.

The Import of Vegetable Oils (edible & non-edible) for the month of September, 2023 reported at 1,552,026 tons compared to 1,637,239 tons in September 2022, consisting 1,494,086 tons of edible oils and 57,940 tons of non-edible oils i.e. down by 5%.