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USDA Oilseed: World Markets and Trade


14 September 2015

USDA Oilseed: World Markets and Trade - 14 September 2015USDA Oilseed: World Markets and Trade - 14 September 2015


USDA Oilseed: World Markets and Trade

Palm and Soy Oil Use Expands at Expense of Other Oils

As global demand for vegetable oil grows, an increasing proportion of food use is being satisfied by palm and soy oil. These two oils now account for nearly twothirds of food oil consumption.

Oil palm plantations have expanded over the past several years, especially in Indonesia and Malaysia. As a result, an ever-increasing quantity of palm oil is being supplied to the global market. Likewise, record 2014/15 soybean production in both the United States and South America ensures ample supplies and growing availability of soy oil. Meanwhile, significant declines in rapeseed, sunflowerseed, and cottonseed production are limiting supplies of these oils and encouraging a switch to palm and soy.

Price relationships among the various oils are also impacting purchasing decisions. Premiums for rapeseed, sunflowerseed, and cottonseed oils have increased in recent months reflecting tighter supplies. Consequently, price-sensitive buyers are switching to soy oil as a cheaper alternative soft oil. Palm oil remains the lowestpriced oil, though its discount to soy has narrowed in recent months.

Published by USDA Foreign Agricultural Service

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