Oil world says the price of edible oil will rise sharply
-
Last Update: 2002-08-09
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Lead: London, Aug 6 (Reuters) - prices of major edible oils will rise sharply and continue into June next year, according to oil world, an independent industry magazine in Hamburg, Germany, on Tuesday, because the growth rate of world supply is unusually low According to s2u oil world, the average price of main oil between August 2002 and June 2003 is expected to increase significantly compared with that in July 2002, with aromatic oil and palm oil increasing the most, followed by rapeseed oil and soybean oil This is because the supply of the world's eight major oils increased by only 900000 tons S2u oil world attributed the tight supply to a series of factors, such as the weather, the reduction of the output of four of the seven main oilseeds this year, the insufficient grain output, and the farmers' expectation of stronger prices, so they hoard for sale According to s2u oil world, the consumption of eight kinds of oil in the world needs to be significantly reduced in 2002 / 03, and the annual growth rate will be reduced to 2.4 million tons, lower than the annual growth rate of 3.45 million tons this year and the annual growth rate of 3.6 million tons in the five years up to 2001 / 02 S2u S2u
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.
