Vegetable oil production set to hit four-year high

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Dekel Agri-Vision PLC

More articles like this

Dekel Agri-Vision PLC

The ‘resilient’ palm oil demand

While the imports of pretty much everything else has gone down – Pakistan’s love for palm oil seems to be intact. Pakistan imported 3 million tons of palm oil in FY23 – much in line with

Dekel Agri-Vision PLC

Palm oil rallies over 3%

Malaysian palm oil futures jumped more than 3% on Tuesday, set to end a three-session decline on a weaker ringgit, improving exports and strength in rival edible oils. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange was up 115

Dekel Agri-Vision PLC

Sustainability is a continuous journey

Joseph D’Cruz has more than 20 years of experience in sustainability, having worked for various international organizations like the United Nations Development Programme and the World Economic Forum, on issues ranging from climate change to poverty

Dekel Agri-Vision PLC

Sustainability matters when considering palm oil strategies

Sustainability concerns have given food companies reason to consider altering their approaches to palm oil, a commodity linked to deforestation. Companies should be aware researchers are investigating how oils produced with yeast or algae may serve

Dekel Agri-Vision PLC

Palm oil sector to get boost in second half of 2023

The accession of the United Kingdom to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), improved labour conditions and a softer ringgit are expected to be the catalysts for the palm oil sector to be

Dekel Agri-Vision PLC

Deploying innovation in the palm oil industry

The utilisation of palm oil is widespread as a vegetable oil and it is used in various industries such as food, personal care products, and biofuels. The production of palm oil has experienced a notable rise

Dekel Agri-Vision PLC

Palm oil rebounds on firm demand

Malaysian palm oil futures rebounded on Wednesday, lifted by robust demand for the commodity and tracking higher rival soyoil prices. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 35 ringgit,

Dekel Agri-Vision PLC

Palm oil ends higher

Malaysian palm oil futures rose on Friday to clock their first monthly jump in four, helped by higher Indonesian export levy and a falling ringgit, but gains were limited by poor exports. The benchmark palm oil

Dekel Agri-Vision PLC

Record palm oil production for Dekel Agri-Vision

Dekel Agri-Vision has reported a softening of palm oil prices as it delivered another “strong” month of soaring production. The London-listed West African agriculture group said fresh fruit bunch (FFB) volumes and crude palm oil (CPO)

Dekel Agri-Vision PLC

Are cashews good for you?

Cashews are rich in nutrients and may offer several health benefits. Selecting the right varieties and cooking or preparing them properly can help maximize their potential effects on health. Cashews are a kidney-shaped seed sourced from