Over the past 10-months, surplus stocks of most major vegetable oils have declined, causing prices to rise. The exceptions are surplus supplies of rapeseed oil and olive oil, though they have benefited from the price pressures in other vegetable oils. Over the past 10-years, rapeseed oil production has increased but the expansion has been far faster in palm oil and soyoil. Production in the number one producer, the EU, has increased by single digits and number two producer, China, has actually seen a decline in production. Canada is the number three producer and has experienced a more than 40 percent increase in canola production over the past 10-years. At number four, India’s production is up 32 percent, but the largest increases ha...

TAGS – Soy & Oilseeds, Black Sea, Europe, North America