22:25, 10.06.2008 — Новости
автор: OilWorld.Ru

DJ USDA: World Vegetable Oil Prices Seen Remaining High


DOW JONES NEWSWIRES

Global vegetable oil prices will likely remain high as consumption outstrips
production and stocks decline, according to a U.S. Department of Agriculture
report, Oilseeds: World Markets and Trade, posted Tuesday on the Foreign
Agricultural Services Web site.

Vegetable oil prices will likely remain above historic averages during
2008/09 as demand remains strong primarily due to surging growth in the
developing world. Prices for all vegetable oils have double or tripled over the
last 18 months as supplies were restricted due to various production shortfalls
and policy imposed-export impediments.

In 2008/09, increased availability of soy oil, sunflowerseed oil, and palm
oil due to rebounding and growing production will help mitigate upward price
pressure but likely will not be enough to push prices down to historic levels.
Oil importers, particularly China and India, will look toward palm oil to
satisfy their booming import demand for vegetable oil in the short term and
medium term as ending stocks of major soy oil exporters (Argentina, Brazil, and
the United States) are forecast down 2 percent from last year. Vegetable oil is
a major source of fat in the developing world specifically in the least
developed world where consumption of nutritional staples is limited.

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