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

864 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 2016 Mongabay.com   (Copyright Terms)
Updated 864 days ago   Article ID# 2634674

   

<< Return To Environment News

Action Center

West Antarctic ice sheet could melt rapidly

Action: Climate Change

For half a century, climate scientists have seen the West Antarctic ice sheet, a remnant of the last ice age, as a sword of D ...

Keep Illinois chorus frogs from going silent

Action: Wildlife Conservation

Illinois chorus frogs are in trouble. These rare, inch-long frogs don't ask much -- shallow ponds to breed in and sandy soils ...

How human greed is destroying vast swathes of a rainforest dubbed 'the earth's lungs' - pushing the Sumatran orangutan one step closer to extinction

Action: Stop Deforestation

The orphaned orangutan sits quietly as the vet listens to his heartbeat - barely moving, bedraggled, seemingly on the point o ...

Demand clean water for Flint and across the U.S.

Action: Stop Pollution

Two years ago this month, officials in Flint, Michigan, flipped the switch on the faulty new water system that led to the tra ...

The vaquita could go extinct this year as totoaba poaching continues to increase

Action: Save Our Oceans

China’s demand for swim bladders from a giant Mexican fish called the totoaba is putting the species at risk. It’s also pushi ...

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.