World oils and fats scenario

World production of oils and fats stood at 204.88 million tonnes (Figure 2). Palm oil and palm kernel oil jointly accounted for 69.87 million tonnes (34%) of this. Soybean oil output stood at 48.69 million tonnes (24%) and rapeseed oil at 26.13 million tonnes (13%).

 

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Of the 82.96 million tonnes of oils and fats traded worldwide during the year, palm oil and palm kernel oil jointly accounted for 62% (Figure 3).

 

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Malaysia remained a major player in the oils and fats export market. Its palm oil exports of 17.45 million tonnes represented 37% of the global palm oil trade (Figure 4).

 

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