USDA global oil supply and demand forecast report in August
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Last Update: 2002-08-15
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Source: Internet
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Author: User
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Introduction: in 2002 / 03, the global oil seed production is expected to be 319.9 million tons, 8.6 million tons lower than the 325.5 million tons predicted last month This is also the first time since 1995 / 96 that oil seed production is lower than that of the previous year The decline in US oilseed production is the main reason for this month's reduction in global oilseed production This month, it also cut foreign rapeseed production because of the bleak outlook for yields in Canada and Australia On the Indian side, the outlook for soybean, peanut and cottonseed production has been affected by weather and drought This month, Brazil's soybean production will be increased by 1 million tons in response to rising soybean prices and the devaluation of the real This month, the production of high oil-bearing oilseeds and palm oil decreased, leading to a tight balance between supply and demand of global vegetable oil This month, it is predicted that the global vegetable oil depots will be 6.6 million tons, 500000 tons lower than last month, 600000 tons lower than last year, which is also the lowest production level since 1997 / 98 Wzn
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