date:Aug 27, 2014
Global production of seven major oilseeds will be larger than forecast last month as consumption is set to lag behind output for a third year, Oil World said.
Combined production of oilseeds including soybeans, rapeseed and sunflower will reach a record 507.2 million metric tons, 2.2 million tons higher than forecast five weeks ago and 18.1 million tons more than the previous all-time high last year, the Hamburg-based researcher said in an e-mailed report. The third consecutive surplus will lea