Breaking News-RTRS-Palm oil set to boost share of total oils demand

LONDON, June 24 (Reuters) - Palm oil is well-placed to raise its share of total world oils and fats consumption as it has higher yields than other oilseeds, a long productive life, and is cheap to produce, delegates told a conference on Wednesday.
Paul Nellens, a member of the executive committee of SIPEF N.V., a palm oil producer, told the Public Ledger's Edible Oils 2009 conference that palm oil output had surged to 43 million tonnes in 2008 from around 2 million tonnes 30 years ago.
He said palm oil had increased its share of the consumption of the world's leading 17 oils and fats to 27.5 percent in 2008/09 from 13.9 percent in 1990/91, which he attributed to the high yields per hectare of palm oil compared to alternatives.