{"id":14423,"date":"2007-12-19T00:00:00","date_gmt":"2007-12-18T22:00:00","guid":{"rendered":"http:\/\/www.bio-based.eu\/news\/index.php?startid=20071219-02n"},"modified":"2007-12-19T00:00:00","modified_gmt":"2007-12-18T22:00:00","slug":"oils-fats-strong-world-demand-for-food-as-well-as-for-biodiesel","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/oils-fats-strong-world-demand-for-food-as-well-as-for-biodiesel\/","title":{"rendered":"Oils &amp; Fats: Strong world demand for food as well as for biodiesel"},"content":{"rendered":"<p><b>The full textual report plus the statistical sections can be downloaded\/received each week by subscribers of <a href=\"http:\/\/www.oilworld.biz\/\" >Oil World Monthly<\/a> individually.<\/b><\/p>\n<ul>\n<li>World production of 10 oilseeds is set to plunge to only 388 Mn T in 2007\/08, 16.5 Mn T less than last season after new downward revisions of 1.6 Mn T for soybeans, by 0.3 Mn T for rapeseed &#038; canola and by 0.3 Mn T for cottonseed&#8230;.\n<\/li>\n<li>World crushings of 10 oilseeds have accelerated since about September. For Oct\/Dec 2007 we estimate them to rise by 4.1 Mn T or 5% and for Oct\/Sept 07\/08 by 15.1 Mn T or 4.5%. Total disappearance is seen rising 3.7% to 410 Mn T. This means there will be an unprecedented world oilseed production deficit of 21-22 Mn T, thereof almost 19 Mn T soybeans and over 2 Mn T rapeseed&#8230;\n<\/li>\n<li>Tightness and very high prices of oils &#038; fats likely to prevail also in Jan\/Sept 2008. Strong world demand for food (mainly in Asia) as well as for biodiesel (in Europe, the USA, South America and other countries). \u2013 Bearishness of sharp increase in palm oil production &#038; recovering stocks will probably be more than offset by the bullishness other oils &#038; fats (mainly soya oil, sun oil and rape oil), caused by the low stocks at the start of this season, the strong world demand and a further decline in the world stocks of 17 oils &#038; fats to 15.4 Mn T or 9.6% of consumption at the end of this season&#8230;\n<\/li>\n<li>Feedgrain shortage is strengthening oilmeal demand. In Oct\/Dec 2007 we expect global oilmeal usage to rise 3.4 Mn T and in Oct\/Sept 2007\/08 14 Mn T from a year earlier, the latter comparing to annual increases of 10.5 Mn T in 2006\/07 and 11.3 Mn T in 2005\/06. Most of the increase is expected in soya meal (up 11.2 Mn T), but notable increases are also forecast for cotton meal (up 1.0 Mn T) &#038; rape meal (up 0.8)).\n<p>There will thus be a slight production deficit of 0.3 Mn T also for oilmeals, which will lead to a decline in the stock\/usage ratio to 3.4% in Oct\/Sept 07\/08 vs. 3.6% last season&#8230;<\/li>\n<\/ul>\n<p>(Cf. news of <a href=\"https:\/\/renewable-carbon.eu\/news\/canadian-canola-production-surprising-downward-correction\/\" >2007-12-17<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p><b>The full textual report plus the statistical sections can be downloaded\/received each week by subscribers of Oil World Monthly individually.<\/b><\/p>\n<ul>\n<li>World production of 10 oilseeds<\/li>\n<\/ul>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[],"class_list":["post-14423","post","type-post","status-publish","format-standard","hentry","category-bio-based"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/14423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=14423"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/14423\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=14423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=14423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=14423"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=14423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}