The market value increased at an average annual rate of 2,3% from 2007 to 2018. The trend indicated some noticeable fluctuations in certain years. Global cottonseed oil consumption peaked at $8,9 billion in 2013; however, from 2014 to 2018, consumption was somewhat lower.
Consumption by country
Countries with the highest volumes of cottonseed oil consumption in 2018 were India (1,6 million tons), China (1,4 million tons) and Pakistan (470 000 tons), together comprising 62% of global consumption. These countries were followed by Brazil, Australia, Uzbekistan, Turkey, the United States (US), Burkina Faso and Myanmar, which together accounted for a further 25%.
Global production
In 2018, the amount of cottonseed oil produced worldwide stood at 5,7 million tons, increasing by 2,7% against the previous year. The total output volume increased at an average annual rate of 1% from 2007 to 2018. The trend remained relatively stable, with only minor fluctuations over the period under review. Global cottonseed oil production peaked in 2018 and is likely to continue its growth in the immediate term.
In value terms, cottonseed oil production stood at $7,4 billion in 2018 estimated in export prices. During the period under review, the total output indicated a modest increase from 2007 to 2018. Its value increased at an average annual rate of 1% over the past eleven years. The trend, however, indicated some noticeable fluctuations throughout the analysed period. Global cottonseed oil production peaked at $9,4 billion in 2013 but failed to regain its momentum from 2014 to 2018.
この記事は FarmBiz の December 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は FarmBiz の December 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Hauling In A Full Net: Reaping The Benefits Of Processed Fish
As local and global governments deal with the full impact of the COVID-19 pandemic, producers are now more than ever searching for new options for expanding their businesses. That said, farming and value addition to produce does not have to be limited to landlocked food sources.
Grow Produce Year-round With Tunnels And Greenhouses
Climate change is an inescapable reality and can wreak havoc in open-field production systems that rely on the right weather patterns to produce good yields. For this reason, many producers worldwide have turned to growing crops in tunnels or greenhouses. These production systems offer protection from changing weather patterns, allowing them to grow crops throughout the year.
Saving Soil: Harnessing The Microbiome
We live in unprecedented times.
Summer Grain Production: A Producer's Perspective
The 2020 planting season for producers in the summer rainfall areas is here and most of them are looking forward to the first summer rains so that they can plant their crops. FarmBiz spoke to Jaco Minnaar from the farm Uitsny near Henneman about the new season. Jaco is vice-chairperson of Agri SA and currently serves on the Senwes board.
Electronic Auctions: The New Normal?
The South African livestock industry has suffered a tremendous setback with challenges posed to physical auctions. However, the industry is nothing if not resilient. The first ban on livestock auctions was imposed during the outbreak of foot-and-mouth disease (FMD) in 2019.
Oxygen Types That Damage Crops In Extreme Weather Conditions
Oxygen is best known as a life-giving gas without which life as we know it, would not be possible.
Asia's Maize Imports Likely To Grow
In 2019, the Asian maize market was finally on the rise to reach US$204,4 billion after two years of decline. The total consumption indicated buoyant growth from 2009 to 2019. Its value increased at an average annual rate of 5,1% over the last decade.
Cultivated grazing: Fertiliser is the key to success
Nowadays everything in agriculture has to be done on a larger scale. Cultivated grazing has also become a science, with producers forced to think bigger to get more out of their grazing – all at the most economical cost.
Industry Giants Comment On Special Adjustment Budget
Prof Johan Willemse, an independent agricultural economist, says the supplementary budget delivered by the minister of finance on 24 June was a real shocker. According to him, the government is spending an additional R145 billion on the COVID-19 issue. The real issue, however, is a record budget shortfall due to the economic meltdown, with wrong policy choices and corruption on the cards.
Rethinking The Conversion Process Of Poultry Litter To Biogas
The poultry industry is generally comprised of broiler chicken production, egg production, day-old chick suppliers and other poultry. While micro-enterprise businesses are gaining prominence as a means to address the challenges of job creation, economic growth and equity, the industry has future challenges concerning poultry litter management.