Multinationals Archer Daniels Midland Co. (NYSE:ADM - News), Bunge Ltd (NYSE:BG - News) and Cargill (News - Websites)Inc. are playing an increasingly dominant role in world vegetable oil markets, together controlling more than 45 percent of world oilseed crushing capacity, Reca said.
In Brazil and Argentina, the three companies control more than half the soybean crushing capacity, and they are moving into Chinese crushing ventures, he said. The companies also dominate the Canadian canola crushing industry. Soybean production costs in Brazil and Argentina are 25 to 37 percent less than in the United States, Reca added. This year, Reca said Brazil and Argentina will increase soybean production by 16 percent and 14 percent respectively. Total production from Latin America will exceed U.S production for the first time. Like biofuel becoming cost competitive with traditional fuels, if the prices of virgin oils can be manipulated, people will see how much it cost to grow the oil and "big oil" is going to force people into a regional economy sooner than later. With the way they're pulling out of the US and Canada, I wonder where the inovation is going to come from? Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuels list archives: http://archive.nnytech.net/ Please do NOT send Unsubscribe messages to the list address. To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
