25 Juni 2013

World Cooking Oil Production Seen Exceeding Demand by Oil World

Global Harvest of 10 Oilseeds predicted to climb to 484.5 million tons

Production of vegetable oils and fats will probably exceed demand in 2013-14 on rising output of sunflower-seed oil and soybean oil combined with “sluggish” biodiesel demand, Oil World forecast.

Total production of 17 oils and fats in the year through September 2014 is predicted to climb to 193.8 million metric tons from 187.3 million tons in 2012-13, the Hamburg-based industry researcher wrote today in an e-mailed report.

… Full text: www.businessweek.com/news/2013-06-25/world-cooking-oil-production-seen-exceeding-demand-by-oil-world

Tags: Soybean, soybean-oil, “bearish”, energy source, oilseed, oil-meal market, rapeseed

Source: BusinessWeek, 2013-06-25.

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