EU-27: New Member Countries Sharply Raise Oilseed Production Potential…

The following are the headlines of the OIL WORLD WEEKLY.

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• Oilseed area in EU-27 reaches record 10.2 Mn ha in 2006/07, of which 2.0 Mn ha in new members Romania and Bulgaria. Entry of Romania & Bulgaria turns the European Union into net exporter of sunflowerseed…
• For Jan/Dec 2007 we now estimate palm oil output in 12 Central and South American countries to increase by 0.2 Mn T or 9% to 2.1 Mn T…
• Brazilian soybean crop prospects deteriorated considerably in the first 9 days of February, due to continuous heavy rainfall, preventing harvesting of mature soybeans and favouring the spreading of rust fungus…
• Combined soybean crushings and net exports of the USA, Argentina and Brazil showed an impressive increase by 4.0 Mn T or 6% from a year earlier to 70.2 Mn T in Sept/Jan 2006/07…
• World consumption of butter is expected to reach around 6.9 Mn T in Oct/Sept 2006/07, up 0.2 Mn T from a year earlier…
• The U.S. biodiesel production capacity reached 2.89 Mn T at the start of 2007 and may rise further to 6.6 Mn T by end-2007 and 8.3 Mn T by end-2008…
• Russian pork & poultry production increased sharply by 14% and 20%, respectively, in 2006. The expanding livestock sector led to an increase in production of mixed feed by 12% last year….
• Indian soya meal exports reached 1.73 Mn T in Oct/Jan 2006/07, up 21% on the year, confirming large soybean production and crushings….

(Cf. news of 2007-02-07.)

Source

Oil World, 2007-02-09.

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