Section 1: Oils & Fats Supply, Demand and Outlook:
Oils & Fats Market Prospects and Price Forecast with Special Focus on Palm Oil
Mr. Thomas Mielke
Thomas Mielke is Executive Director of ISTA Mielke GmbH in Hamburg (Germany), OIL WORLD, a leading research organization that provides global supply, demand and price analyses, statistics and forecasts for all the major oilseeds, vegetable oils & animal fats and oilmeals as well as for biodiesel and livestock products with clients in 100 countries. He is a frequent speaker at conferences and workshops all over the world. Thomas Mielke joined the OIL WORLD team in the mid-1970s, after studying economics. He is a member of the Programme Advisory Committee of the Malaysian Palm Oil Board and is giving lectures at the University of Hamburg (TUHH). In 2014 Thomas Mielke received a Lifetime Excellence Award of the Malaysian industry in recognition of his contributions and commitments. OIL WORLD was founded in 1958 and is recognized worldwide as a leading independent, authoritative and unbiased information provider. The WEEKLY and daily FLASH reports can be obtained from www.oilworld.de and also an OIL WORLD report in Mandarin is released 2 times a week.
Latest Oil World forecasts point to a global production surplus of vegetable oils in Oct/Sept 2021/22, a recovery of stocks and a setback in prices, following two years of tightness, as pointed out in detail in the Sept 17 Monthly (www.oilworld.de ). The timing of the prospective price decline will depend on the outcome of many uncertainties. Thomas Mielke will present key features of the latest Oil World analyses for palm oil and will discuss the production outlook in Malaysia and Indonesia as well as the prospective demand developments worldwide, primarily in India, China and the European Union. Also, the impacts of the sharply rising world production of sunflower oil and soya oil on vegetable oil prices will be highlighted.
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