The global supply of sunflower seed oil is insufficient, and soybean oil begins to be favored

Introduction: Xinhua Finance, Beijing, Nov 16 - due to the global shortage of sunflower seed oil supply in 2001 / 02, soybean oil and other vegetable oil varieties began to be favored According to China edible oil information network, oil world expects the global sunflower seed production in 2001 / 02 to be 21.4 million tons, down from 23.24 million tons in the previous year Iran and India's demand for sunflower seed oil has shifted to soybean oil to a large extent Similarly, the European Union, Turkey, Egypt, some countries in South America, South Africa, Mexico and other countries have begun to turn their attention to soybean oil and olive oil, while Russia and Ukraine are also turning their consumption of sunflower seed oil to soybean oil and palm oil The European Union's sunflower seed crushing market is facing a shortage of supply Although the squeeze supply within the EU in September and October can still meet the demand, the supply has been in short supply since November until January and February, which is expected to be significantly lower than the same period last year The shortage of sunflower seed oil in 2001 / 02 (10 / 9) will change dramatically Oil world estimates that global sunflower seed oil production in 2001 / 02 will decrease from 8.75 million tons in 2001 / 01 to 7.84 million tons The demand and price of soybean oil will be stimulated by the fact that EU vegetable oil prices have remained firm, palm oil stocks have declined substantially, and major sunflower seed oil producing and consuming countries are in serious shortage The dependence of the market on soybean oil will appear in 2001 / 02 It is expected that global soybean oil exports will increase by 1.1 million tons to a record 8.5 million tons this year, more than quadrupling the average annual growth of 450000 tons in the past decade! In the third quarter of 2001, the global soybean oil export volume was 2.16 million tons, a year-on-year increase of 190000 tons, including 1 million tons in Argentina, 510000 tons in Brazil, 290000 tons in the European Union and 120000 tons in the United States However, due to seasonal supply factors, the supply of South American countries from November to January to March next year will fall back to the second line, and American soybean oil will begin to fall into the water It is estimated that the global soybean oil export volume will reach 2.2 million tons in the fourth quarter of 2001, a year-on-year increase of 370000 tons It is estimated that the U.S soybean oil export will be at least 100000 tons in November and 710000 tons in October March of 2001-02, compared with 400000 tons in the same period of last year Argentina is the largest soybean oil exporter so far Its exports will remain strong in October and November, with 351 tons and 340000-380000 tons respectively However, its exports will slow down in December due to inventory decline (author:) share to feed Weibo share to: