Global demand for vegetable oils has been high, but soybean oil in the United States has recently become too expensive and exports have plummeted

게시됨 2021년 12월 9일

Tridge 요약

Recent reports highlight a downturn in US soybean oil exports, marking four consecutive months of record lows. October exports were just above 26,000 tonnes, the lowest since 2000, with the total exports from July to October reaching only about 69,000 tons, the lowest since 1975, and nearly 80% lower than the five-year average. This period also saw record-high US export prices. Despite a drop in Argentine soybean oil exports, Brazil's second supplier has seen a surge in exports, reaching multi-year highs, attributed to a large soybean harvest and a weak currency, providing an export advantage. US soybean oil stocks experienced a dip after refining rates slowed, but rose back above average in October, thanks to large sales to India and increased shipments.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Global demand for vegetable oils has been high, but soybean oil in the US has become too expensive recently and exports have plummeted, according to Thomson Reuters Columnist Karen Brown. US soybean oil exports in October, the first month of 2021-22, were just below 26,000 tonnes, the lowest in a month since 2000. This is the fourth consecutive month of abnormally low volumes. Exports in July-October were about 69,000 tons, the lowest level since 1975 and nearly 80% below the five-year average. US export prices have been the highest on record in the past five months. US soybean oil stocks fell below the mid-year average after refining rates slowed, but record efforts by US soybean processors in October helped oil stocks rise well above normal. In the last month, stocks started to rise from eight-year lows, boosted by two huge sales to India, and shipments rose to a nine-month high in late November. Argentina, ...

출처: Oilworld