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Oils & Oilseeds

Set Alert for Oils and Oilseeds

Weekly Review: Palm price sinks again on slow demand

Benchmark Malay Bursa palm oil futures went down another notch in the past week to fresh two-year lows amid stubbornly slow demand.

Palm Oil Demand Exports

Weekly Review: Rapeseed looks to new crops

Rapeseed markets continued under pressure for much of the week from a slumping soy complex weighing on oil values and crush margins.

United States Rapeseed Demand
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Palm

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

Bearish palm oil market to last until 2021

The current low-price environment in palm oil could last until 2021, after which production in the world’s top producers Indonesia and Malaysia is forecast to decline, analyst Rabobank said in a report.

Oils & Oilseeds Palm Oil

India raises import duties on soft oils

In a much-anticipated move, the Indian government has raised import duties on soy-, sunflower- and rapeseed oils, as data showed soft oil imports in May reached a record monthly high of nearly 750,000 tonnes.

Oils & Oilseeds Sunflower Oil

Weekly Review: Palm price nudges multi-month lows

Slack demand continued to erode palm oil prices this week, the Malay Bursa futures nudging new 22-month lows and, in US$ terms, the cheapest since July last year.

Palm Oil Malaysia

French agriculture union FNSEA tells farmers to suspend blockade

French agriculture union FNSEA said this morning (June 13) it has told farmers to suspend the blockade of oil refineries and fuel depots which started on Monday.

Palm Oil Rapeseed

Malaysian palm oil exports drop 16% in May

Malaysian palm oil exports in May were 16% lower than the previous month at 1.29 million tonnes, data from the Malaysian Palm Oil Council (MPOC) showed Monday (June 11).

Oils & Oilseeds Palm Oil

French farmers block Total refineries over palm oil imports

French farmers have started a three-day protest over the government’s decision to allow oil and gas company Total to use imported palm oil to produce biodiesel.

Oils & Oilseeds Biofuels
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Soybeans rise on short-covering activity

Soybean futures capped off the week with double-digit gains with soymeal and soyoil contracts also advancing. July soybeans rose 14¢ at USD8.94 1/2.

Soy Weather

Weekly Review: US soy market heads for ten-year lows

Fears of lost Chinese demand saw CBOT soybeans in virtual free-fall for much of this week, the front month approaching lowest levels in almost a decade.

United States Soy

New edible nut, fruit juice, grain, meat and egg values added to Price Graphing Tool

More than 70 new price lines were added to IEG Vu’s Price Graphing Tool in June, including values for Brazilian soybeans and corn, African-origin cashew kernels, European beef and eggs, and Chinese raw material asparagus.

Grape Juice Canned Asparagus

USDA Weekly Export Sales: Soybeans come in low

US Soybean export sales just scraped in within expectations of 300,000 to 600,000 tonnes, at 301,700 tonnes for 2017/18 for the week ended June 14.

Exports United States

USDA Weekly Export Sales: Wheat season starts slowly

Net sales of US wheat for the week to June 14 totalled 461,600 tonnes for 2018/19, at the high end of expectations of between 250,000 and 500,000 tonnes.

Exports United States

IGC 2018: China's protein demand growth slowing

China may be consuming a growing share of world soybean production, but per-capita growth in protein demand in the country has been falling, even lagging slowing GDP growth in recent years.

China Soy
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

EU crop report reveals further cuts to yield forecasts

The European Commission’s crop monitoring unit MARS has further cut its yield forecasts for all grain and oilseed crops apart from spring barley.

Grains & Feed Oils & Oilseeds

India raises import duties on soft oils

In a much-anticipated move, the Indian government has raised import duties on soy-, sunflower- and rapeseed oils, as data showed soft oil imports in May reached a record monthly high of nearly 750,000 tonnes.

Oils & Oilseeds Sunflower Oil

Weekly Review: Rapeseed weakens again with soy

A weakening soy complex again weighed on Canadian and European rapeseed markets amid added bearish input from improving Canadian crop weather.

United States Rapeseed

French agriculture union FNSEA tells farmers to suspend blockade

French agriculture union FNSEA said this morning (June 13) it has told farmers to suspend the blockade of oil refineries and fuel depots which started on Monday.

Palm Oil Rapeseed

Dryness leaves Australian canola market “in limbo”

A drier-than-average autumn has caused a reduction in Australia’s planted area for canola and wheat in 2018/19, government department ABARES said in its latest crop report.

Oils & Oilseeds Grains & Feed

French ministry pegs rapeseed harvest below 5 mln tonnes

The French agriculture ministry forecast a drop of 9% in the country’s 2018 rapeseed harvest, due to adverse weather throughout the growing season diminishing yield prospects.

Oils & Oilseeds Rapeseed
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

EU crop report reveals further cuts to yield forecasts

The European Commission’s crop monitoring unit MARS has further cut its yield forecasts for all grain and oilseed crops apart from spring barley.

Grains & Feed Oils & Oilseeds

India raises import duties on soft oils

In a much-anticipated move, the Indian government has raised import duties on soy-, sunflower- and rapeseed oils, as data showed soft oil imports in May reached a record monthly high of nearly 750,000 tonnes.

Oils & Oilseeds Sunflower Oil

Global sunflower seed meal imports to grow by 5% in 2018/19

Global imports of sunflower seed are expected to grow by 5% in 2018/19, according to the USDA, thanks to the emergence of new markets such as China and Morocco.

Sunflowerseed Sunflowermeal

Coceral cuts EU rapeseed forecast but raises sunflower seed

EU trade association Coceral has slashed its 2018 rapeseed production forecast for the EU-28 by 4% from its last estimate in March to just under 21 million tonnes.

Oils & Oilseeds Rapeseed

MARS slashes EU rapeseed yield after hot April

An “exceptionally warm and drier-than-usual” April that negatively affected rapeseed plants in many EU producers prompted the bloc’s crop monitoring unit MARS to slash its rapeseed yield forecast by 4%.

Oils & Oilseeds Grains & Feed

GASC seeking more sunflower, soyoil

Egypt’s state buyer GASC has issued another tender to buy sunflower- and soybean oil.

Oils & Oilseeds Soy Oil
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Coconut

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

India exporting more coconut oil

Coconut production in India has increased substantially in the last four years, leading to higher exports of coconut oil.

Oils & Oilseeds Coconut Oil

Cargill joins collaboration to boost sustainable coconut oil production

US commodities giant Cargill has joined German chemicals giant BASF, consumer goods group Procter & Gamble (P&G), and the German association for international cooperation (GIZ) to help establish a sustainable certified supply chain of coconut oil in the Philippines and Indonesia.

Coconut Oil Oils & Oilseeds

Analysis: Drought challenges Sri Lankan coconut oil market

The lagged effects of the prolonged drought that began last year and stretched well into 2017, as well as previous dry spells; have sharply reduced Sri Lanka’s coconut crop and nut size.

Coconut Oil Oils & Oilseeds

Analysis: Challenges face Indian castor seed sector

In the course of the last 20 years, India's domestic edible oil production has risen only about a third, whereas imports have surged 12 fold to 14.6 million tonnes, to keep pace with growing consumption. This dichotomy has turned India into the world's top buyer of cooking oils, mainly palm oil, with the country meeting nearly 70% of its total edible oil requirements through imports.

Oils & Oilseeds Coconut Oil

Coconut pricing pressure should ease soon

Prices of Sri Lankan desiccated coconut and other coconut products have increased of late due to a low crop in the country but prices should ease over the next six to eight weeks as output starts to improve, Foodnews was told at the IFE at London’s ExCel last week.

Beverages Bottled Water

Market Report: Palm oil price drops drastically, near 5-month lows

Palm oil futures have remained close to the 5-month lows hit last week, with values falling sharply on Thursday, due to a technical sell-off and a bearish edible oils complex overall, at a time of year when the market normally sees some bullishness.

Coconut Oil Palm Kernel Oil
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Olive

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

US finds Spanish olives being ‘dumped’

The US Department of Commerce has called for duties on imports of Spanish olives, after it found the products were being sold in the US below fair market prices.

Oils & Oilseeds Olive Oil

France’s Avril buys into Italian olive oil maker Costa D’Oro

French oilseeds group Avril has partnered with Italian olive oil maker Costa D’Oro to create the third biggest olive oil brand in the world, the companies announced today (May 15).

Groupe Avril and Saipol Oils & Oilseeds

Spanish olive oil prices decline amid weak demand

Olive oil prices in Europe’s top producer, Spain, have weakened over the last few months amid higher imports and weak demand.

Oils & Oilseeds Olive Oil

EU olive oil production and trade to recover in 2018

The European Commission has forecast a recovery in the bloc’s olive oil balance sheet for 2017/18, in its latest short-term outlook published last week.

Oils & Oilseeds Olive Oil

Olive oil prices ease on global supply outlook

European olive oil prices eased in February compared with the previous month and compared with February 2017, as initial positive outlooks for this year’s global olive harvest were confirmed.

Oils & Oilseeds Olive Oil

Turkey set for another year of record sunseed production

Turkish sunflower seed plantings and production are set to edge up from the previous record set in 2017/18 thanks to attractive returns, the USDA’s Foreign Agricultural Service (FAS) said.

Oils & Oilseeds Sunflowerseed
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