Global vegetable oil supply declines from January to September, 16 years

Germany's Hamburg industry publications oil world said that between October and December 2015, the global 8 plant oil stocks increased year-on-year, but between January and September 2016, the global 8 plant oil stocks may be reduced by 1.3 to 1.4 million tons, which will lead to The ratio of palm oil , aromatic oil and rapeseed oil stocks decreased.

Oil World expects that the global 8 plant oil production will increase by only 2.1 million tons in 2015/16 (October to September), compared with 4.1 million tons in the previous year.

In 2016, global palm oil production will only increase by 400,000 tons. In comparison, the increase in 2015 was 2.8 million tons, with an average annual increase of 3.2 million tons over the past five years.

However, the increase in global vegetable oil consumption may accelerate as the production of biodiesel in Indonesia increases and the production of biodiesel in the United States and Brazil may increase further. However, due to the low price of ore fuel, biodiesel consumption in many countries may be lower than expected.

Oil World said that the global export of 8 plant oils in 2015/16 is expected to increase by only 2.2 million tons, down from the previous year's increase of 5.4 million tons.
(Master Bo Yi)

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