Japan selects the top ten news in the oil industry in 2020
The Japan Vegetable Oil Association invites relevant media to select and announce the top 10 news related to the edible oil industry every year.
In 2020, due to the COVID-19 epidemic,the society and economy have been affected in the past year. In the vegetable oil industry, due to the downturn in the catering industry, the amount of oil used for business has dropped significantly. On the other hand, with the increase in household demand and changes in dietary life, new changes have occurred in high-end oil products.
The top 10 news in the edible oil industry in 2020 reflect this situation.We hope that next year will be a year of clear topics in the top 10 news.
Ranking item
1. Due to the COVID-19 epidemic, going out is restricted, and household oil demand has increased, but due to the downturn in the catering industry, business oil consumption has been drastically reduced.
2. The COVID-19 epidemic has changed dietary life, and high-grade oils such as olive oil, rice oil, sesame oil, and fish oil are sought after.
3. The world supply and demand of soybeans, record export volume and good pressing have led to low inventory levels and high Chicago soybean market.
4. Reduced oil consumption due to reduced business needs,On the other hand, there is an imbalance between Japan's domestic meat demand and imported meat.
5. The La Niña phenomenon has led to rainy palm oil production, and the risk of reduced soybean production under dry weather in South America has increased.
6. The number of people infected with the COVID-19 has increased, an emergency declaration has been issued, and infection prevention measures such as "new lifestyles" and working at home have been implemented.
7. In the future food crisis, it is considered that insufficient protein supply has attracted attention, and the market demand for natural crop foods (soy meat, vegetarian meat, vegetable cheese, etc.) will increase.
8. Due to the strong demand in China and India, the world's supply and demand for vegetable oils have become tight and the prices of oils have risen.
9. The social value of the company and the efforts of selected companies to SDGs (Sustainable Development Goals) have also been expanded in the oil industry.
10. The highly anticipated Tokyo Olympics and Paralympics will be postponed to the same period next year.
Chinese version of information sources: Oilsengineer. Compile: Henan Victor Machinery Equipment Co. , Ltd.
