Global market dependence on soybean oil will increase
-
Last Update: 2001-12-06
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: this year, due to the lack of supply of sunflower oil, rapeseed oil and other vegetable oils, the global vegetable oil market will significantly increase its dependence on soybean oil, which means that the import demand of world soybean oil will increase by 1.3 million tons, reaching 8.7 million tons; the consumption of world soybean oil will reach 29 million tons, compared with 26.3 million tons last year According to statistics, soybean oil exports from the United States, Argentina and Brazil rose to 600000 tons in November, up 51% from the same period last year Soybean oil exports from South America have been strong in the past few months, which has led to a sharp drop in soybean oil inventories in Argentina and Brazil, affecting soybean oil exports from both countries in the next four months This creates opportunities for us soybean oil exports in the coming weeks.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
