In 2017 – 2018г. global production of oil meals will reach a new record

29 Jun, 2017
In 2017 – 2018г. global production of oil meals will reach a new record
According to estimate of Oil World, in 2017 – 2018 global production oil meals will reach the record 349.900 million tonnes, by 10.8 million tonnes more than in 2016 – 2017.

Over the last 10 years, annual growth has reached an average of 8.7 million tonnes.

The record high will be mainly due to the growth in soybeans production, which increases by 9.1 million tonnes to 231 million tonnes. Sunflower production will also be close to the record - a reduction of only 1% to 19.2 million tonnes.

The total supply of the twelve types of meals increased by 12.1 million tonnes to 361.5 million tonnes. Stocks will rise and prices will remain under pressure.