The US Department of Agriculture (USDA) expects global vegetable oil production to hit a new record at 197 million tonnes in 2017\/18. The increase in palm oil, but also soybean oil production will be particularly sharp. According to the USDA forecast, 2017\/18 world vegetable oil production will probably go up more than 4 per cent from the previous year to a record level of 197 million tonnes. Palm, soybean, rapeseed and sunflower oil account for around 87 per cent of the rise. The biggest growth, at 7.6 per cent, is expected for palm oil. Favourable growing conditions in Southeast Asia and a surprisingly fast recovery of palm oil plantations after the excessively dry previous year contributed to the increase in output. Production of soybean oil is estimated to climb 3.7 per cent. Soybeans benefited from an ample availability of feedstock from the global record soybean crop in 2016\/17 and continued brisk international demand. However, production of rapeseed oil is expected to see only a slight rise of 0.5 per cent. According to Agrarmarkt Informations-Gesellschaft mbH (AMI), the reason is competition from palm and soybean oil and less dynamic development in demand compared to 2016\/17. Output of sunflower oil is actually likely to decline 2.5 per cent, because Ukrainian sunflower production fell 14 per cent from the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Department of Agriculture (USDA) expects global vegetable oil production to hit a new record at 197 million tonnes in 2017\/18. The increase in palm oil, but also soybean oil production will be particularly sharp. According to the USDA forecast, 2017\/18 world vegetable oil production will probably go up more than 4 per cent […]<\/p>\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":[12569,12887,14243],"supplier":[7,8400],"class_list":["post-50683","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-oil","tag-palmoil","tag-soybeanoil","supplier-union-zur-foerderung-von-oel-und-proteinpflanzen-ev-ufop","supplier-usda"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/50683","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=50683"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/50683\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=50683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=50683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=50683"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=50683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}