Volume 19, Number 5, Septembre-Octobre 2012
|Page(s)||249 - 260|
|Section||Dossier : Mondialisation et impact sur les consommations alimentaires|
|Published online||15 September 2012|
The globalization of international oilseeds trade
Oil World, Fish, Oil & Meal World (France), Fishmeal Experts, 2 Rue des Bois, 92410, Ville d’Avray, France
2 Oil World and Fish, Oil & Meal World (Germany), ISTA Mielke GmbH, Langenberg 25, 21077 Hamburg, Germany
Accepted: 30 July 2012
In a globalised world, the trade of goods and services constitute the heart of the economic system. But the trade patterns may show extreme diversity depending upon the nature of the concerned products. The technical and functional constraints do impose their laws, particularly when they relate to biological products/commodities. The term globalization is generally used to describe a complex process of international integration. When referring to oilseeds, the term must also relate to agriculture and human nutritional requirements for a rising human population spread all over the world, particularly in large urban environment.
With an annual harvest of about 450 Mn T, oilseeds are naturally “globalized” in their production patterns. The complexity of their production schemes associated with the diversity of their usage on widespread geographical regions gives this group of commodities a unique role on the world markets. This process of opened trade channels has enabled the sector to meet the supply requirements of a quickly rising demand coming from both the population and all the industrial usages including alternative “green” energy.
However, for the time being, demand growth has not been fully counter-balanced by production growth. As a consequence, unless some strict reallocation of acreage is effectively organized or new high yielding technologies are developed, it is a fact that vegetable oil will keep a strong demand base for a long time, compounded by the mechanical demand from economic growth in highly populated emerging economies. The balancing of supply and demand is expected to remain a tight exercise every year. At the end of the day, the future of the entire industry largely lies in technology because the final stake is to ensure the proper feeding of a 9 billion people population in a not too far future.
Key words: Oilseeds / oil meals / vegetable oil / commodity markets / globalization / GMO seeds / biodiesel
© John Libbey Eurotext 2012
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.