USDA forecasts a sharp increase in world oil production in 2022/23 MY

게시됨 2022년 5월 13일

Tridge 요약

The USDA predicts a 8% increase in global oil production for 2022/23 due to higher production of soybeans in South America and the US, and rapeseed in Canada and EU. Soybean production is expected to grow by 13% to 395 million tons, while sunflower production will decrease by 12% to 50.7 million tons. Overall vegetable oil production is expected to grow by 3% to 164.7 million tons. World rapeseed production will reach a record 75.1 million tons and exports will exceed 2021/22 MY, but sunflower production will decrease due to reduced sowing areas in Ukraine, Moldova and Russia.

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원본 콘텐츠

USDA experts predict that in 2022/23 MY, world oil production will increase by 8% compared to 2021/22 MY to 647 million tons, primarily due to increased production of soybeans in South America and the United States, and rapeseed in Canada and the EU, which compensates for the reduction in sunflower production in Ukraine and Russia. Thus, world soybean production will grow by 13% or 45 million tons to 395 million tons. World consumption of oilseeds will increase by 3%, primarily against the background of the resumption of demand for soybeans from China, while sunflower consumption will decrease by 3% and rapeseed consumption will increase by 7%. World trade will grow, primarily due to growing demand for soybeans. Sales of rapeseed, sunflower and peanuts will also increase, but exports of cotton seeds will decrease. The world's final stocks will increase amid rising soybean production and stocks in the United States and South America. Increased production of soybean, rapeseed and ...

출처: Graintrade