The Top 10 News Stories in the Vegetable Oil Industry selected for 2011 are as follows. The Top 10 News stories for the year are chosen by votes from media companies who report on fat and oil issues.
Since three different stories tied for 10th place in votes this year, there will be 12 top news stories shared here.
The content reflects the severe economic conditions in 2011 as a result of the consecutive natural disasters.
We can only hope that happier stories will be selected next year.
Ranking | Item |
1 | The Great East Japan Earthquake and tsunami disaster causes damages to oil production company facilities and equipment |
2 | Factors such as economic stagnation, a major earthquake, and the nuclear power plant incident all contributed to slowed consumption, affecting vegetable oil demand as well |
3 | Soybean oil production remains low, rapeseed oil production reaches an all-time high |
4 | Oil production industry battles adverse trends, making efforts to maintain appropriate product pricing |
5 | International prices for oilseed materials remain high |
6 | 2011 United States soybean crops have reduced yield and a striking drop in quality |
7 | Canadian rapeseed crop yields in 2011 reach 14 million tons |
8 | Profitability of oil manufacturing companies is poor due to high costs and low product prices |
9 | Extremely high yen exchange rates continue throughout the year |
10 | TPP participation announced without any domestic discussion in Japan |
10 | Formulated feed production stagnates, soybean meal imports follow suit |
10 | Surging Canadian rapeseed oil imports, palm oil imports increasing steadily |
Note: Since the stories tied for 10th place in votes this year, three different stories are ranked 10th.