AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Biggest oil exporter countries9/23/2023 Some governments are trying to support their farmers. Still, individual small farmers may be struggling because of high fertiliser prices. This may help make up for the higher production costs. Prices of inputs have increased, but so too have prices of vegetable oils. Farmers are looking for alternatives to synthetic fertiliser In the case of energy commodities, the developing countries that are important oilseed producers do not rely very much on Russia for their imports. But high fertiliser prices are having a far greater effect. Of course, Russia’s temporary ban on fertiliser exports and the quota on fertiliser exports between July and December 2022 may be affecting countries that import fertilisers from Russia. For example, in recent years Indonesia imported US$200-400 million worth of fertilisers a year from Russia – but that was out of total imports worth US$1.7-2.2 billion per year. The developing countries that export vegetable oils do import some fertiliser from Russia, but also a lot from many other countries. Russia is one of the world’s main exporters of both fertilisers and energy commodities. The other 40% powers the synthesis process. About 60% of the natural gas is used as raw material. Their production process starts by mixing nitrogen from the air with hydrogen from natural gas (an energy commodity) at high temperature and pressure to create ammonia. Nitrogen-based fertilisers are the largest group. The war has resulted in higher prices for energy commodities, and for inputs that consume a lot of them. Other inputs for vegetable oil production are electricity, diesel and pesticides. The main fertilisers for oil palms are potassium and nitrogen (ammonium sulphate). So the world’s largest oil seed producers (such as Indonesia) use large volumes of fertilisers. Input prices have gone upįertiliser is an important input to grow the oil seeds and fruits that produce vegetable oil. In developing countries where farmers may have limited financial means, the higher prices have led to more projects to find alternatives for artificial fertiliser. But it has caused their prices to increase. Up until now, the war in Ukraine has not a caused any shortage of production inputs for vegetable oils, such as fertiliser and energy. How is the war in Ukraine affecting production inputs for vegetable oils? How is the war in Ukraine affecting vegetable oil exports from developing countries?ġ.How is the war in Ukraine affecting competition for vegetable oils?.How is the war in Ukraine affecting production inputs for vegetable oils?.More than 90% of India's imported sunflower oil usually comes from Ukraine and Russia.Īrgentina is the world's fifth biggest sunflower oil exporter, according to the USDA. Traditionally, China, India and Europe are the main sunoil importers, but buyers there are all currently scrambling to find alternative oils to replace the lost supplies from the Black Sea. Since Russia's invasion of Ukraine in February, shipments from the region have slumped and this year's production is expected to be disrupted in Ukraine. Russia and Ukraine account for 55% of global sunoil output and 76% of world exports. Top edible oil importer India this year harvested a record rapeseed crop, popularly known as mustard in the country. In 2021, drought slashed Canada's harvest of canola, a variety of rapeseed, and Europe also suffered crop damage, which reduced oil supplies for 2022.Ĭanada exported about 75% of its canola oil used in food and fuel last year, with United States taking 62% and 25% heading for China, the Canadian Oilseed Processors Association said. China and the United States are top importers. RAPESEED OILĪround 29 million tonnes of rapeseed oil are expected to be produced this year, according to the USDA, mainly in Europe, Canada and China. More soy crushing plants are expected to open in coming years in the United States due to a strong demand to use the oil in biofuel, but capacity to increase demand in the near term is limited. read more Brazil and the United States are the next largest exporters, according to the USDA. The country briefly halted new overseas sales of soy oil and meal in mid-March before hiking the export tax rate on soy oil and meal to 33% from 31% in a bid to tamp down domestic food inflation. read moreĪrgentina is the top soyoil exporter but expected to ship less oil this year following a poor end to its soybean growing season. Prices soared to a record high on concerns over Indonesia's decision to effectively ban exports of palm oil.
0 Comments
Read More
Leave a Reply. |