"Asia Grains & Oils Conference in Tashkent", Tashkent, Uzbekistan
DATE
Sep 8, 2021

Global production of oilseeds, oils to rise in 2022/23 MY – IGC

Source

APK-Inform

2347

Global production of soybean can rise by 10% y/y to 352.2 mln tonnes in 2022/23 MY amid higher crops in South America, Peter Clubb, Market Analyst with the International Grains Council said at Fat-and-Oil Industry-2022 conference in Warsaw.

“Particularly, the highest growth of soybean production is expected in Paraguay – by 135% to 10 mln tonnes, as well as in Brazil – by 175 to 145 mln tonnes, Argentina – by 9% to 48 mln tonnes. Additionally, China can increase soybean crop by 19% to 19.5 mln tonnes. At the same time, the USA can cut the production by 1.6 mln tonnes to 119.2 mln tonnes”, – the expert said.

He also noted the world rapeseed crop might reach 82.3 mln tonnes, up by 12% y/y.

Additionally, P. Clubb pointed that the global consumption of vegetable oils would reach the new high in 2022/23 MY amid restoring of public catering sector after cancelation of COVID-19 restrictions, particularly in China. Moreover, more competitive prices of palm oil as well as strong demand from biodiesel segment will push the consumption higher.

“In 2022/23 MY, the biodiesel production may reach record high in the world. Higher consumption of vegetable oils in the biodiesel sector is observed in the USA, Argentina and Indonesia”, – P. Clubb said.

Follow the conference newswire to know the key information from the event.

Organizer
Organizational partner
Under support
Gold Sponsor
technology sponsor
Sponsors
media partners
Contacts
APK-Inform Agency

+7 495 7894419
+ 380 562 320795
+380 562 321595

Irina Ozip (add. 110)
[email protected]

Polina Kalaida (add. 160)
[email protected]

 

Standart Consulting

+ 7 702 853 8016
+ 998 90 903 9080

Alisher Makhmudov
[email protected]

 

Asia Business СonsUlting

+7 775 932 3388
Оксана Попова
[email protected]

Enter