OilWorld experts have increased their assessment of global vegetable oil production
The global production of ten main types of vegetable oils in the season-2023/24 may reach about 258.05 mln tons. This forecast was published by analysts of the Hamburg-based OilWorld agency (Germany), who increased the estimate of the production by 1.7%.
The updated result is almost 2% higher than the final figure for the previous agricultural year (253.78 million tons).
At the same time, the forecast of global oilseed exports for the current season is maintained at 97.58 mln tonnes, compared to 99.65 mln tonnes in 2022/23 MY.
On the contrary, the consumption estimate was increased by 3.2% to 259.14 mln tonnes (251.07 mln tonnes in 2022/23 MY).
Read also
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Ukrainian flour exports are 35% behind last year’s volumes
Heavy rains will hit Malaysia’s palm oil production again in December –...
Kazakhstan intends to supply grain through the port of Aqaba to the markets of MEN...
Ukraine exported a batch of corn to China after a long pause, no recovery in demand
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon