date:May 13, 2014
, global edible oil supplies are expected to exceed consumption by 4.3mmt in OY14 compared to 2.5mmt in OY13.
However, the agency expects global consumption to be higher than USDA estimates on account of the spurt in demand for alternative use of edible oils such as bio-diesel blending.
As the prevailing international prices fail to attract additional supplies in the international market, major exporting nations plan to channel their surplus oil production towards internal consumption (bio-fue