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Breaking News-RTRS-Oil World Ups 2009/10 Global Soybean Crop Forecast

Posted by Flora Sawita Labels:

AMSTERDAM, May 18 (Reuters) - Growth in global vegetable oil consumption is set to gain momentum this season, helped by increasing use of edible oils for biodiesel production, oilseeds analysts Oil World forecast on Tuesday.
World consumption of vegetable oils is expected to rise by about 6 million tonnes to 137.6 million tonnes in 2009/2010, compared with an increase of 5 million tonnes in 2008/09.

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