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Candy-to-fuel demand cuts oil inventory to lowest since 1975: Commodities

Posted on 17 November 2011

Stockpiles of the cooking oils used to make everything from candy bars to biofuels are declining to the lowest in two generations as farmers fail to keep up with demand expanding at five times the pace of the world population.

Inventories of soybean, rapeseed, sunflower and six other oils will drop to less than 29 days of consumption this year, the fewest since 1975, U.S. Department of Agriculture data show……………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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