Thomas Mielke will present latest world supply and demand estimates from OIL WORLD - - the independent provider of global research and analysis - - and will discuss the impacts on palm oil demand and prices. With record soybean crops likely to be harvested in the 2014/15 season, world supplies are ample. Although a setback is expected in world production of sunflowerseed and rapeseed, total world oilseed production is expected to exceed prospective demand, resulting in an accumulation of stocks in the 2014/15 season. -- For palm oil the production outlook is not as favourable as for oilseeds. First impacts of the drought of early 2014 will be seen in a slowdown in yields in several parts of Malaysia and Indonesia. Thomas Mielke will highlight latest palm oil production estimates for the two major countries as well as worldwide and discuss the competitive position of palm oil in relation to soya oil and other vegetable oils. He will also present his estimates on consumption and trade. India will be one of the highlights because this year's insufficient monsoon rains will reduce kharif oilseed production, raising vegetable oil import requirements. The energy market has recently shown improved demand in reaction to the sizable reduced prices of soya oil, palm oil and other vegetable oils. In concluding, price projections will be given for the next few months.