Oil World: Global Sunflower and Rapeseed Oil Supplies Tight in 2024/25

Gold Ten Futures, November 1st, according to foreign media reports, the monthly report released by the oil world shows that the global soybean supply in 2024/25 is sufficient, but the supply of sunflower seeds and rapeseed is tight. It is expected that the global soybean supply in 2024/25 is close to 530 million tons, a significant increase of 38 million tons from the 2023/24 year. Among them, the initial inventory increased by 10 million tons year-on-year, while the output increased by 28 million tons year-on-year. It is expected that the global sunflower oil and rapeseed oil production in 2024/25 will decrease by 3.70 million tons year-on-year. Although the global soybean supply is expected to be sufficient, the increase in soybean crushing cannot offset the production loss of these two vegetable oils.