Ottawa, Canada
May 14, 2007
Agriculture and Agri-Food Canada
Bi-weekly Bulletin May 4, 2007 Volume 20 Number 7
Since 2000-2001, the world
vegetable oil (veg-oil) sector has posted the fastest rate of
growth for the major
agricultural commodities due to sharply higher production and
consumption spread across several
continents. For 2006-2007, the value of world vegetable oil
trade is expected to exceed the value of world
trade in wheat and be more than twice the value of the trade in
corn. Three key trends are driving the
growth of the world veg-oils market: the expansion of the
bio-fuels sector, growing North American health
concerns and continued Asian economic and population growth. In
Canada, production capacity for canola
oil is expected to increase by about 75% and a relatively small
region across Saskatchewan and Manitoba
may emerge as the North American leader in canola oil
production. This issue of the Bi-weekly Bulletin
examines the situation and outlook for veg-oils.
http://www.seedquest.com/News/releases/2007/pdf/19257.pdf |
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