Breaking News-RTRS-Global 2008/09 soyoil use to fall -Oil World

HAMBURG, Feb 3 (Reuters) - Global 2008/09 soyoil output and consumption is likely to fall with purchasing switching to palm oil, sunflower oil and rapeseed oil, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
It now estimates global Oct 2008/Sep 2009 soyoil production will fall to 36.88 million tonnes, down 0.9 million tonnes from its December estimate and down 0.8 million tonnes on 2007/08.

The key U.S. 2008/09 soyoil production will fall to 8.82 million tonnes from 9.33 million tonnes last season, it estimated. It expects U.S. 2008/09 soyoil exports to fall to 0.79 million tonnes from 1.32 million tonnes in 2007/08.