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Oils & Oilseeds

Set Alert for Oils and Oilseeds

Weekly Review: Soy still fixated on China

This week’s news of China’s worsening corona virus outbreak has little direct influence on the soy market but helped keep the spotlight on a possible feed demand cutback due to African Swine Fever in the country’s pig herd.

Soy Exports Imports

Weekly Review: Canola weathers Canadian demand revisions

Some bouts of weakness for the Canadian dollar and a firmer breeze from European markets kept Winnipeg canola futures aloft for much of this week, despite some moderately bearish revisions to domestic demand.

Rapeseed Exports Imports

Palm

Set Alert for IEG Vu Oils and Oilseeds :: Palm Oil

Weekly Review: Palm trade more anxious over demand than supply

In the front line of commodities affected by global restaurant closures – and potential big cuts in bio-diesel demand – the most used vegetable oil palm saw its value eroded further this week.

Palm Oil Futures

World food prices have fallen amid COVID-19 disruptions

The COVID-19 pandemic has driven down the prices for food around the world, a UN agency reported.

Coronavirus Sugar

IEG Vu Prices Briefing: EU cattle sinks on Covid-19, polish butter hits 3.5-year low

The ongoing coronavirus pandemic continues to impact several agricultural commodities with EU cattle prices taking a hit this week. Meanwhile coffee has seen a price reversal and Thai sweetcorn firms as potential supply disruptions loom for both.

Coronavirus Cattle & Beef

Weekly Review: Covid-19’s influence on palm cuts both ways

Renewed fears that restrictions of Malaysian palm harvest and oil processing could reduce supply pulled prices off their recent lows on the Malay Bursa futures market in the first half of this week before worries over demand returned.

Palm Oil Futures

Malaysian state of Sabah closes palm oil plantations

The operations of several oil palm plantations in Sabah have been halted until further notice in the effort to combat the spread of Covid-19, reported the local press.

Palm Oil Indonesia

Weekly Review: Harvest exemption calms palm buyers’ nerves

Palm oil’s near vertical price descent paused briefly this week on market talk that new Malaysian moves to control coronavirus included a two-week business shutdown.

Palm Oil Futures
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Soybean futures end mixed

Soybean futures weakened slightly across most current marketing year contracts while new crop year months firmed.

Soy Futures

Brazilian soy prices remain neutral, corn dips as harvest looms

The domestic Brazilian soy market witnessed minor price movements this week, while corn slipped as the summer crop approaches.

Soy Corn

US Futures Review: Soybean futures increase with gains in soybean oil

Soybean futures received support from an increase in soybean oil futures Monday. 

Soy Soy Oil

Argentina reduces soy production estimate

Argentina’s soy forecast has been cut by the Buenos Aires Grains Exchange for the 2019/20 season, while the country’s corn ethanol production is estimated to rise.

Argentina Soy

US Futures Review: Soybean futures dragged lower by weakness in meal

Soybean futures came were pressured by weakness in the meal market this week – a scenario that continued during the Friday session.

Soy Futures

Weekly Review: Oil demand fears weigh on soy

Offered a mixed bag of factors, the soy complex chose to go with the broader bearish flow.

Soy Futures
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Turkey imposes new registration rules on imports of nuts, garlic and sunflower

The Turkish government has announced that it has strengthened controls on imports of almonds, cashews, walnuts, bananas, tea, pepper, peppers, sunflower, garlic and peanuts to control illegal trade and maintain accurate price records. 

 

Turkey Imports

Weekly Review: Tightening stocks may help shelter canola from the Covid-19 storm

Canola markets in Canada and Europe generally held up better than some of their larger oilseed counterparts for much of this week.

Rapeseed Futures

EU rapeseed forecast continues to decline

The EU’s rapeseed harvest for this year looks set to be smaller than previously expected.

Rapeseed EU

Weekly Review: Rapeseed markets reflect choppy oilseed trend

Rapeseed markets remained choppy, trading quite widely either side of range-bound closing prices and still seeking direction from the broader oilseed complex.

Rapeseed Futures

Weekly Review: Rapeseed market turns volatile

Rapeseed futures markets were buffeted both ways this week by a combination of collapsing energy markets, a weak soy complex and currency moves, for the moment obscuring the long-standing background of this market’s relatively snug supply/demand balance.

Rapeseed Futures

China agri products wholesale price week (March 9-15)

According to China’s Ministry of Commerce, national wholesale prices for overall agri products for human consumption (March 9-15) were down 1.2% from last week; agri materials prices were down 1%.

China Fresh Fruit & Vegetables
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

Turkey imposes new registration rules on imports of nuts, garlic and sunflower

The Turkish government has announced that it has strengthened controls on imports of almonds, cashews, walnuts, bananas, tea, pepper, peppers, sunflower, garlic and peanuts to control illegal trade and maintain accurate price records. 

 

Turkey Imports

Covid-19: Spanish grocery retailer to grant liquidity for suppliers

Mercadona, the largest Spanish grocery retailer, has reached a deal with Caixabank, BBVA, Santander and Bankia, the main Spanish banks, to grant EUR2.1 billion (USD2.3 bln) liquidity for its suppliers in the short and mid-term. 

Coronavirus Spain

Covid-19: Slowed activity in Spanish port of Algeciras

The working force authority (ACP) of the Spanish port of Algeciras reported that night operations slowed on March 31. 

Coronavirus Spain

Covid-19: Spanish retailer partners with grocery delivery service to strengthen online service

The Spanish retailer DIA has reached a deal with the takeaway delivery company Glovo to strengthen its online channel due to its sharp rise in sales during the lockdown to stop the spread of Covid-19. 

Coronavirus Spain

Russia steps up efforts to maintain food security amid Covid-19

In a move to maintain food supply, president Vladimir Putin and the country agriculture ministry (Minselkhoz) have proposed a number of measures, including a moratorium on sanctions against countries affected by Covid-19.

Coronavirus Russian Federation

Covid-19: Spanish retailers restrict online sales

Large Spanish grocery retailers such as Mercadona, Eroski, Bon Preu and El Corte Ingles are imposing restrictions or extending delivery timeframes to cope with the booming demand of online sales due to the Covid-19 epidemic spread and restricted opening times. 

Coronavirus Spain
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Coconut

Set Alert for IEG Vu Oils and Oilseeds :: Coconut Oil

Covid-19: Philippine ports of Manila close to collapse

The Philippine Ports Authority (PPA) has reported that it may order a shutdown in Manila port due to a possible seizure because many cargo owners and consignees are not clearing containers ready for delivery or being loaded. 

Coronavirus Philippines

TM Duche clarifies on coconut oil and Covid-19

UK coconut oil and desiccated coconut trader TM Duche notes that a recent article on the CNN Philippines website called ‘Coconut oil eyed as a possible treatment for coronavirus infection’ raised some interesting questions about the benefits of coconut oil.

Coconut Oil Desiccated Coconut

Philippine coconut processor’s profits rise despite fall in sale

The Philippine coconut manufacturer Axelum Resources, listed on the Philippine exchange, has reported that its revenues totalled PHP775.6 million (USD15.1 mln) in 2019, up from PHP364.8 mln in the previous year due to better control of costs, despite total sales falling by 10% year-on-year to PHP5.3 billion due to lower sales of oil. 

Desiccated Coconut Nut Milks

Desiccated coconut market beset with supply problems again

The main coconut growing origins had to cope with extreme drought conditions in 2017 and 18 due to El Niño. Coconut crops were badly hit and production declined considerably, Rotterdam trader Catz International recalled in its annual market report on the sector. 

Desiccated Coconut China

Wines, cheeses and olive oil among EU products to be protected in Mercosur

The full list of agri-food products to be protected under the trade agreement between the European Union and Mercosur blocs have been unveiled, as well as further details on the continued use of ‘grandfathered’ product names in the Latin American nations.

Wines Cheese

Olam closed H1 with lower profit despite strong revenues and volumes

Olam International has suffered a profit fall despite growth in revenues, volumes and earnings before interest, taxes and amortisation (EBITDA) for the first half of 2019.

Olam Financial Results
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Olive

Set Alert for IEG Vu Oils and Oilseeds :: Olive Oil

Covid-19: Spanish grocery retailer to grant liquidity for suppliers

Mercadona, the largest Spanish grocery retailer, has reached a deal with Caixabank, BBVA, Santander and Bankia, the main Spanish banks, to grant EUR2.1 billion (USD2.3 bln) liquidity for its suppliers in the short and mid-term. 

Coronavirus Spain

COVID-19: Spain declares agri-food supply chains as essential services

The Spanish government has announced that most workers in the agri-food sector are not eligible for recoverable paid leave during the coronavirus pandemic because they are considered an element of an essential service.

Europe Spain

EU Council greenlights Vietnam trade deal

EU member states have given the final green light to the bloc’s trade agreement with Vietnam, which foresees tariff-free market access for agri-food products and protection for Geographical indications.

Vietnam EU

Covid-19: Spanish retailer partners with grocery delivery service to strengthen online service

The Spanish retailer DIA has reached a deal with the takeaway delivery company Glovo to strengthen its online channel due to its sharp rise in sales during the lockdown to stop the spread of Covid-19. 

Coronavirus Spain

Covid-19: Spanish retailers restrict online sales

Large Spanish grocery retailers such as Mercadona, Eroski, Bon Preu and El Corte Ingles are imposing restrictions or extending delivery timeframes to cope with the booming demand of online sales due to the Covid-19 epidemic spread and restricted opening times. 

Coronavirus Spain

Food logistics under pressure from Covid-19 disruptions

The coronavirus pandemic and stringent containment measures are posing major challenges to the smooth functioning of agri-food supply chains. 

Fresh Fruit & Vegetables Coronavirus
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