The European Commission announced the information that in the next season the EU will noticeably cut the purchase of products from the oil crops compared with the last season, which amounted to 17.4 million tons. This is due to the growth in the production of its own products in Europe due to a good harvest, an increase in acreage and an acceleration in the rate of processing of raw materials.UkrAgroConsult says that in 2017 it is expected to increase the yield in Europe by 3 million tons, compared to 2016. 33.32 million tons of oil crops are expected to be harvested. This is mainly about the import of soybeans and rapeseed. The purchase of soybeans is planned to be reduced to 13.6 million tons, despite the fact that last year the figure was 14 million tons. The purchase of rapeseed will be reduced to 3.46 tons (last season imports were 4 million tons).More detailed information on the state of the market of vegetable oils and oil crops can be heard at the V International Conference "Black Sea Oil Trade", which will open on September 19, 2017.The reduced demand for oil products occurred due to the increase in the rape crop to 21.89 million tons (in 2016 the figure stopped at 19.6 million tons), soybean to 2.29 million tons (last year - 2, 15 million tons) and sunflower to 9.1 million tons (it was 8.59 million tons).The conference is held annually in Kiev, at the Hilton Hotel. It discusses the latest events and news of the Black Sea oil and fat sector. Organizers expect that this year there will be more participants than in the past, because in the industry are involved: the enterprises for processing raw materials, banks, investment, consulting, brokerage and insurance companies. Last year 250 participants from 24 countries came to the conference.