Improvement of oil seed market fundamentals

Introduction: several fundamental factors of the global oilseed market are accumulating, and they are all positive factors These benefits come from an unimaginable source - soybean oil Recently, due to the strong demand for feed in the United States and abroad, protein or soybean meal has become a hot soybean pressing product, among which the European ban on the use of meat and bone meal as animal feed is indispensable Other oilseed markets, such as sunflower and rapeseed, could lead to stronger demand for soybean oil Another key factor in the oilseed market is the decrease in the supply of sunflower and rapeseed in 2001 / 02 Because of the low price, farmers in many countries have reduced their planting The reduction in production has led to a reduction in the consumption (crushing, seed and other uses) of sunflower and rapeseed in the world According to the oil world, the total world consumption in the new year is 62.6 million tons, 2.1 million tons less than the previous year and 4.5 million tons less than two years ago Canadian canola production in 2001 / 02 is likely to be the lowest level since the 1997 / 98 market year Due to the reduction of planting area and the bad weather, both the output and ending inventory are lower than the level of the past three years Due to insufficient production and reduced carry over inventory, oil world expects world supply of sunflower oil and rapeseed oil to decrease by 700000 tons and 500000 tons respectively in October compared with 2001 / 02 Palm oil has also shown above average growth over the past three years However, for the first time in May and June, there were signs of slower production growth, with experts expecting only 300000 tonnes more palm production in July / September Combined with strong export demand, it is likely that Malaysia's palm oil storage will be reduced to last year's level or even lower in the next few months Due to the decrease of soybean supply and stock, the decrease of sunflower seed and rapeseed supply, and the slow growth of palm oil production, the supply and stock of oil seeds in the world are tightening Combined with strong world demand, the oilseed market is still optimistic in the future (author:) share to feed Weibo share to: