Supply of edible oil will decrease, use of biofuel increased
The increasing "use" of biofuels around the world is going to create a shortage of edible oil. Biofuel made from oilseeds such as soybean and canola is being used not only in trucks, but also in aircraft. are promoting. Its purpose is to reduce dependence on petroleum and reduce pollution. Due to this, the possibility of reducing the availability of edible oil is deepening. This year a new problem is going to arise. According to Thomas Milki, executive director of Hamburg-based Oil World , growth in vegetable oil production is expected to slow in the first half of the year. Indonesia' and Malaysia supply about 85% of the world's palm oil. But due to slow planting of palm trees, bad weather and deforestation Production in these countries has stagnated.
