Our industry 2014 - (Page 46)
46
03 Crops in focus
Diverse field crops
Diverse field crops include sunflower, oilseed rape (canola) and sugar beet.
Sunflower and oilseed rape both produce high value vegetable oils,
characterized by their healthy composition with a larger proportion of
unsaturated fats which are critical to today's diets. As such they are the most
valuable vegetable oils and particularly targeted for food uses. With demand
for vegetable oils increasing at more than 3% per annum, these crops play an
extremely important role in meeting future demand.
Demand for vegetable
oils has increased
at > 3% per annum since
2000
Global vegetable oil production
millions of tons 2000-2025 (Mt)
250
200
150
Demand 2012
100
50
0
2000
2010
2005
Corn oil
Coconut oil
Groundnut oil
2015E
Cottonseed oil
Palm kernale oil
Palm oil
2020E
2025E
Sunflower oil
Rapeseed oil
Soybean oil
Source: LMC
Sunflower is widely grown in the emerging markets of Russia, Ukraine and
Argentina where it is an important crop due to its stable growing patterns
even under adverse climatic conditions. In addition low input costs make it
particularly attractive in these markets. With a drive towards higher yielding
varieties and native trait adoption, the market has seen a substantial shift from
local genetics to high value hybrids. This market evolution is expected to
continue, and will be an important driver in meeting the increase in demand.
Russia and Ukraine
account for around
47% of global sunflower
production; Ukraine is
the biggest sunflower oil
exporter
2012 sunflower production and consumption
millions of tons (Mt)
Production
Total: 36 Mt
Top 4: 75 %
11
10
9
9
9
8
8
Consumption
Total: 36 Mt
Top 4: 72 %
Trade
Total: 1 Mt
3% of production
8
7
7
2012 sunflower yields by country
tons per hectare (t/ha)
7
0.0
6
5
4
3
3
2
2
2
2
2
1
1
1
1
0
Ukraine
Production
Russia
EU27
Consumption
Sources: USDA; COCERAL
Argentina
China
United States
Turkey
World
Argentina
Turkey
United States
EU 27
Ukraine
Russia
0.5
1.0
1.5
2.0
2.5
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Our industry 2014
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