HOME

NEWS

CHARITIES

VOLUNTEER

ACTION CENTER

ADD CHARITY

CONTACT

SUPPORT

World Environment Community Health Animals Celebrity Submit A Site Find A Charity
Palm oil exports to fall in 2013/2014

Mongabay.com

490 days ago   Article ID# 2634674
Original URL

 

MENLO PARK, CALIFORNIA (Mongabay.com) - Palm oil exports may drop for the first time in 16 years due to price trends in the oilseed market, reports Oil World.

The German forecasting service estimates that global palm oil exports will amount to 43.75 million metric tons during the season that runs from Oct 1, 2013 to Sep 30, 2014, a 1.1 percent decline from a year earlier. Exports from Indonesia, the world's top producer, are expected to fall 0.8 percent to 21 million tons, while Malaysia's exports will drop 2.2 percent to 18.1 million tons.

“Palm oil has lost attractiveness in the energy markets of Europe and other countries, which resulted in a considerable slowing-down of purchases,” Oil World said, as reported by Bloomberg. “Also, in the food markets palm oil has lost market share to sunflower oil and partly to soya oil. This demand shift was also triggered by the deteriorated price attractiveness of palm oil.”

Oil World predicts that global palm oil production will still rise nearly 5 percent to a new record during the 2013-2014 season, reaching 58.5 million tons due to increased acreage.

Palm oil prices are about 35 percent off their most recent peak reached in February 2011. The falling price has cut into the profitability of palm oil, which nonetheless remains the most lucrative form of land use across large parts of the tropics.

Copyright 2015 Mongabay.com   (Copyright Terms)
Updated 490 days ago   Article ID# 2634674

   

<< Return To Environment News

Action Center

Obama: Reject KXL once and for all

Action: Climate Change

President Obama has pledged to veto the Keystone XL bill being pushed through Congress by climate-denying conservatives. But ...

Experts urge an end to logging in Victoria highlands to save Leadbeater's possum

Action: Wildlife Conservation

Logging should end in Victorian central highlands forests to save the state's disappearing animal emblem, the Leadbeater's po ...

Lungs of the world has lost a 10th of its trees in 5 decades

Action: Stop Deforestation

More than one-tenth of trees in the Amazon rainforest have been removed since the 1960s, contributing to a 1.5% rise in carbo ...

Keep this crawdad from extinction

Action: Stop Pollution

Amid the ancient hills of Appalachia, two tiny crayfish are neck deep in mining pollution -- and now they need your voice to ...

Great Barrier Reef at risk as overfishing disrupts food chain, study finds

Action: Save Our Oceans

Commercial and recreational fishing is imposing a toll on the Great Barrier Reef’s food chain, researchers say.

...

View All Actions >>

 

 

Charities

News

Follow Us

Support

Find A Charity

Action Center

World

Community

Facebook

Twitter Support

Contact

Volunteer

Add A Site

Environment

Animals

Google+

Privacy Policy

Copyright

 

 

Health

Celebrity

Terms of Service

Copyright © The Charity Vault All rights reserved.