The world market of vegetable oils will grow to 850 million tons

Oleksiy Tartakivskyi, a market analyst, predicted a 10 million ton increase in India's oil consumption over the next decade due to its status as a net importer of various oils. Europe, on the other hand, is expected to continue being a net exporter of rapeseed and soybean oil, while importing sunflower and palm oil. There has been a noticeable decrease in Europe's palm oil imports in recent years. The EU's oil consumption is approximately 25-27 million tons.