Article Title

Article Teaser
Declining world vegetable oil stocks has provided underpinning to edible oil prices in the United States and around the world. The U.S. Department of Agriculture in its latest Oilseeds: World Markets and Trade report issued Jan. 12 forecast world vegetable oil ending stocks in 2011-12 at 12.24 million tonnes, which, while up 0.23 million tonnes from the December projection was down 0.43 million tonnes, or 3%, from 12.67 million tonnes in 2010-11 and down 1.2 million tonnes, or 9%, from 2009-10.

Soybean oil is the principal vegetable oil used in the United States. The U.S.D.A. forecast world soybean oil ending stocks in 2011-12 at 2,650,000 tonnes, up 6,000 tonnes from the December outlook but down 363,000 tonnes, or 12%, from 3,013,000 tonnes in 2010-11 and compared with 3,088,000 tonnes in 2009-10. If the forecast for the current year is realized, world soybean oil ending stocks in 2011-12 would be the smallest since 2,560,000 tonnes in 2003-04.

Palm oil is the most important vegetable oil in world trade. The U.S.D.A. forecast 2011-12 world palm oil ending stocks at 5,180,000 tonnes, down 141,000 tonnes from the December projection but up 95,000 tonnes, or 2%, from 5,085,000 tonnes in 2010-11. Global 2009-10 palm oil ending stocks were 5,383,000 tonnes.

World rapeseed oil (canola oil) ending stocks in 2011-12 were forecast at 975,000 tonnes, down 64,000 tonnes from the previous year and the smallest since 770,000 tonnes in 2007-08. Ending stocks were smaller still in 2006-07 at 470,000 tonnes. The U.S.D.A. forecast 2011-12 world sunflowerseed oil ending stocks at 1,898,000 tonnes, up 178,000 tonnes from 2010-11 and compared with 1,782,000 tonnes in 2009-10.