The total output of oil meal in the world will exceed the demand in 2001 / 02
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Last Update: 2002-01-31
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Source: Internet
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Author: User
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Introduction: it is unlikely that the growth of world oil meal consumption will keep up with the growth of production, especially soybean meal production From October to December 2001, there was a seasonal decrease in inventory, which is likely to decrease at least slightly from January to March 2002 In addition, the supply of aged oil meal in South America decreased However, from April to September 2002, soybean meal production is expected to show a significant surplus During this period, we estimate that world soybean meal production will increase by 2.8 million tons, provided that soybean production in South America is close to current expectations Similar growth in world demand is unlikely to keep pace with supply growth Therefore, we expect that the world soybean meal inventory will increase from 5.1 million tons estimated at the beginning of April to 5.9 million tons at the beginning of October 2002, an increase of 600000 tons over the same period last year (author:) share to feed Weibo share to:
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