The vegetable oil aggregate in this Outlook includes oil obtained from the crushing of oilseeds (about 55% of world vegetable oil production) and palm oil (36%), as well as palm kernel, coconut, and cottonseed oils.
Will India sustain a growth in vegetable oil consumption by 2032?
India, the world’s second largest consumer and main importer of vegetable oil, is projected to sustain a per capita consumption growth of 1% p.a., reaching almost 11 kg/capita by 2032.
Are biofuel policies a major source of uncertainty in the vegetable oil sector?
Biofuel policies in the United States, the European Union, and Indonesia remain a major source of uncertainty in the vegetable oil sector given that about 16% of global vegetable oil supplies go to biodiesel production.
Which countries export the most vegetable oil in the world?
Vegetable oil exports, which amount to 38% of global vegetable oil production, continue to be dominated by a few players. Indonesia and Malaysia are expected to continue to account for almost 60% of total vegetable oil exports during the Outlook period ( Figure 4.9 ).