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Sustainable Soya - Sustainable Europe
DS Congress 2016
Budapest, 25 November 2016
Norbert Potori
Soya as Oil
Main utilization of
soybeans
* as defined for CME crush spreads
Source: CME Group, Oil World
Soybean crush ratio*
~ 16% oil of all soybean production
Crush:~ 87%
Oil:18.3%
Meal:80.0%
Waste:1.7%
• refined for food & feed use • sold to biodiesel producers • or for industrial uses
Source: Dubois et al. (2008)
Classification of vegetable oils and fats
according to their fatty acid profiles
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Pal
m o
il
Pal
m k
ern
el o
il
Co
con
ut
oil
Oliv
e o
il
HO
su
nse
ed
oil
Ha
zeln
ut
oil
Pe
anu
t o
il
Ra
pes
ee
d o
il
Soyb
ean
oil
Wal
nu
t o
il
Sun
see
d o
il
Co
rn o
il
száz
Saturated fatty acids Monounsaturated fatty acids Omega-6 fatty acids Omega-3 fatty acids
Predominantly saturated Predominantly monosaturated Monosaturated
& Omega-3 Omega-6
& Omega-3 Omega-6
+ high vitamin E
Research interest
HO
Soybean oil: frying, cooking, dressings, ingredient in food applications
Great versatility in the use of soybean oil
by the food industry
clear, natural taste and nearly imperceptible aroma supporting and enhancing the natural flavours of prepared foods
• cooking oils
• salad oils
• mayonnaise
• medicinals
• pharmaceuticals
• sandwich spreads
• shortenings
• filled milks
• coffee whiteners
• candy
• chocolate coatings
• frying oils
• frozen desserts
• cheese dips
• gravy mixes
• pastry fillings
• icings
• whipped toppings
snack food manufacturers
also used in feeding • e.g. to partially replace fish oil in aquaculture
bakeries
food service providers, etc.
Global production of the major vegetable oils
42.6 44.3 46.1 49.5 52.5 56.3 60.0 62.1 59.2 64.4
37.7 36.0 38.941.1
42.142.1
44.548.2 50.9
53.7
0
30
60
90
120
150
180
2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17*
MM
T
Palm oil Soybean oil Rapeseed oil Sunseed oil Palm kernel oil
Source: Oil World (* projection)
Total growth: 43%
Growth in soybean oil production: 42%
Soybean oil: availability in abundance
Source: Oil World
26.4%
19.6%
16.6%
15.5%
5.6%
7.9%
CHN USA ARG BRA EU-28IND PAR MEX RUS TWNJAP CAN RoW
26.9%
17.8%
12.6%
10.4%
5.0%
15.5%
CHN USA BRA IND ARGEU-28 EGY BGD IRN DZAVEN MAR RoW
34.4%
5.1%4.8%
4.6%4.3%
27.8%
IND DZA BGD CHN EGYMAR PER COL EU-28 VENMEX IRN RoW
Global production
disappearance
imports
50.89 MMT
12.81 MMT
51.27 MMT
2015/16 (Oct/Sep)
2015/16 (Oct/Sep)
2015/16 (Oct/Sep)
47.3%
12.6%
8.2%
7.7%
5.9%
5.4%
ARG BRA USA EU-28 PARRUS BOL MYS UKR CANVNM EGY RoW
2015/16 (Oct/Sep)
12.33 MMT
exports
24.9%
22.4%
22.3%
10.6%
DE ES NL IT FR UK PT Others
16.0%
11.7%
9.7%
8.7%
8.3%
PL DK SI NL SE FR PT Others
34.3%
33.3%
17.9%
DE ES NL PT IT FR RO Others
Source: Oil World
2015/16 (Oct/Sep)
2015/16 (Oct/Sep)
EU production
imports
exports
2.83 MMT
0.33 MMT
0.96 MMT
2015/16 (Oct/Sep)
Major EU export markets for soybean oil
Source: USDA, Oil World
0
500
1000
1500
2000
2500
USD
/MT
cif R
'da
m
Rapeseed Sunseed Soybean
Prices of the major vegetable
oils produced in the EU
Disappearance of the major
vegetable oils in the EU
0
2
4
6
8
10
12
2011/12 2012/13 2013/14 2014/15 2015/16
MM
T
Rapeseed Palm Sunseed Soybean
the European vegetable oil market is mature but still undergoing changes drivers of the changes are
• health & wellness trends • sustainable sourcing
• shorter supply chains • consumer interest in exotic products
2.43 2.462.00
2.58
1.81
0
1
2
3
4
5
2011 2012 2013 2014 2015
0%
20%
40%
60%
80%
100%
MM
T
of soybean oil others %
1.91 1.80 1.882.24
2.67
0.44 0.59 0.68
0.76
0.78
0
1
2
3
4
5
2011 2012 2013 2014 2015
0%
20%
40%
60%
80%
100%
MM
T
of soybean oil others %
ARG: soybean oil as biodiesel feedstock BRA: soybean oil as biodiesel feedstock
USA: soybean oil as biodiesel feedstock EU: soybean oil as biodiesel feedstock
8.50 9.32 10.3611.71 11.89
9.0%4.3% 2.7% 4.0% 3.9%
0
3
6
9
12
15
2011 2012 2013 2014 2015
0%
20%
40%
60%
80%
100%
MM
T
of soybean oil others %
1.88 1.832.50
2.18 2.23
1.33 1.46
2.032.05 1.99
0
1
2
3
4
5
2011 2012 2013 2014 2015
0%
20%
40%
60%
80%
100%
MM
T
of soybean oil others % Source: Oil World
Examples for soybean oil utilization
feedstock for specialty fermentation applications
high lipid content
insecticides & repellents best carrier oil
paints and inks alkyd resins manufacturing
personal care applications moisturizing properties
a substitute for petroleum based products
food and feed
anti-dust formulations & natural-based cleaners
… beyond that …
lubricants
industrial fluids
plastic moulded parts
composites
packaging
Substituting petroleum based products
… for hydraulic and transmission fluids to greases
& engine and penetrating oils and fuel additives higher viscosity index lower evaporation loss enhanced lubricity higher energy efficiency low toxicity levels readily biodegradable
growing markets … environmental concerns (60% end up in waters and soil) green marketing opportunities cost reduction
HO-SBO high oleic fatty acid content (up to 77%) improved heat and oxidative stability
Source: Soy 20/20
appeal to consumers longer life time superior wear properties
Thank you
for your
attention!
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