Global oil meal market demand for soybean meal increased (10.11)

OA show ('918 '); with the increase of global soybean meal production in the year of 00-01, the dependence of global oil meal market on soybean meal has increased According to mielke, the global production of sunflower seeds and rapeseed is expected to decline by 6 million tons in the year of 00 / 01 Due to the lack of supply, the consumption of sunflower meal and rapeseed meal will decline by more than 600000 tons in the year of 00 / 01 "However, this decline was offset by the sales of high gluten feed corn, coconut meal and brown kernel meal, which are expected to benefit from the higher global supply of coconut meal and brown kernel meal "This is what oil world said in its latest publication Among all the weak factors, SXP is likely to affect the oil meal market due to the reduction of oil meal demand in Europe, and the growth rate of global meat production is also lower than the average growth rate Demand for cereal meal in Europe has also declined as total meat production is expected to recover only slightly, and a stronger euro has also significantly reduced the competitiveness of European meal The growth rate of global meat production has shrunk to 2.3% in 1999-00, which is the lowest growth rate in seven years, far lower than 3.2% in 1998 / 99 "The main reason is the decline of beef and pork production, and only part of the expanded poultry meat can be made up "At present, the growth rate of beef production in the year of 00-01 is expected to further decline, the growth rate of poultry meat production will continue to expand rapidly, and the production of pork is expected to grow rapidly SXP "is the main edible oil meal of pigs and poultry, not cattle Therefore, with the increase of poultry and pigs, it will lead to the increase of oil meal demand "SXP expects that the global use of oil meal will decrease in the year of 00-01 (10-11) It is expected that in the year of 00 / 01, the use of other meal and the output of oil meal will decrease except soybean meal It is expected that the global output of soybean in the year of 00 / 01 will increase by 12.8 million tons to 169.6 million tons.