World production of four vegetable oils, namely palm oil, sunflower oil, soybean oil and rapeseed oil, is expected to increase by about seven million tonnes for the 2021/2022 period, the biggest growth in four years, according to Oil World.
Its head Thomas Mielke said this follows two years of global production deficit and a sharp decline in vegetable oil stocks.
Mielke said world palm oil production recovered only by 1.7 million tonnes in the October 2020-September 2021 period. An increase by 3.5 million to four million tonnes is likely for this (2021/2022) season, he said.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.