Image Source: WOWNEWS24X7
Analyst Thomas Mielke projects global oils and fats consumption to grow by 7.1 million tons in the 2025/26 season, while production is expected to increase by 5.3 million tons. He highlights palm oil as a key driver, with additional growth potential this year, signaling tighter supply-demand dynamics worldwide.
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Leading commodity analyst Thomas Mielke forecasted robust growth in the global oils and fats sector. He expects consumption to rise by 7.1 million tons in the 2025/26 season, outpacing production growth of 5.3 million tons.
Key Highlights
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Consumption Surge: Global demand for oils and fats is projected to expand by 7.1 million tons, reflecting strong food and industrial usage.
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Production Outlook: Supply is expected to grow by 5.3 million tons, creating potential tightness in global markets.
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Palm Oil Focus: Mielke sees additional growth potential in palm oil production this year, reinforcing its role as a cornerstone of edible oil trade.
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Market Dynamics: The gap between consumption and production could support firmer prices and influence trade flows.
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Global Impact: Asia, particularly India and China, remains pivotal in shaping demand trends.
Analysts note that palm oil’s resilience and scalability make it central to balancing global supply-demand shifts. The forecast underscores the importance of monitoring production trends to anticipate price movements and trade implications.
Sources: Reuters, Business Standard, Economic Times
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