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Oils & Oilseeds

Set Alert for Oils and Oilseeds

Indian palm oil imports drop in anticipation of lower duties

Indian vegetable oil imports in November 2018 were down by 10% from the previous month and 9% lower year-on-year as palm oil buying slowed.

Oils & Oilseeds Palm Oil Price

Louis Dreyfus appoints head of food innovation

Commodities giant Louis Dreyfus Company (LDC) had announced the appointment of Kristen Eshak Weldon to the newly created role of head of food innovation and downstream strategy, effective January 1, 2019.

Louis Dreyfus Grains & Feed Oils & Oilseeds
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Palm

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

Weekly Review: Mostly bearish monthly data weighs on palm oil

A larger than expected on-month drop in Malaysia’s October palm oil production produced only a modest rally on the benchmark Bursa futures contract in the face of more bearish stock and export data.

United States Palm Oil

Malaysian state governments agree to stop palm oil expansion

The state governments of Sabah and Sarawak have agreed to stop expansion of oil palm area in the country, Malaysian Primary Industries Minister Teresa Kok has said.

Oils & Oilseeds Palm Oil

Wilmar announces further improvements to NDPE policy

Singapore-listed palm oil trader Wilmar International has teamed up with consultancy Aidenvironment to step up the effectiveness of its current No Deforestation, No Peat, No Exploitation (NDPE) policy.

Wilmar International Oils & Oilseeds

Malaysian palm oil stocks rise above 3 mln tonnes

Palm oil stocks in Malaysia, the world’s second largest producer of the tropical oil, rose above 3 million tonnes at the end of November, official data showed on Monday (December 10).

Oils & Oilseeds Palm Oil

Weekly Review: Can lower than expected palm production offset export slide?

Palm oil prices remain buffeted by mixed fundamentals – stubbornly weak export trade versus expectations production may peak a bit earlier than pundits thought a few weeks ago.

Palm Oil Futures

World food prices fall again

The UN Food and Agriculture Organization’s (FAO) Food Price Index hit its lowest level since May 2016 in November, falling 1.3% on-month and 8.5% on-year to 160.8 points.

Dairy Grains & Feed
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

Supermarket Lidl UK commits to sourcing sustainable soybeans

Discount supermarket chain Lidl UK has made a commitment to only source soybeans from sustainable, deforestation-free sources in its supply chain.

Oils & Oilseeds Soy

Second ‘and final’ round of payments to tariff-hit US farmers

The USDA launched the second round of trade mitigation payments on December 17 to farmers hit by the US-China trade war.

China United States

US Futures Review: Soybeans higher with record November crush

Soybean futures found light support Monday from record US soybean crush usage in November by major processors. Soymeal contracts saw similar gains, while soyoil contracts ended lower. January soybeans gained 4 1/4¢ at USD9.04 3/4.

Soy Demand

Russian wheat harvest comes in at 70 mln tonnes

Russia’s wheat harvest for 2018 was 70 million tonnes, according to the first deputy head of the Ministry of Agriculture Dzhambulat Hatuov.

Russian Federation Wheat

US Futures Review: Soybeans fall despite additional Chinese purchases

Soybean futures traded lower again Friday as an additional export sale announcement of soybeans destined China failed to support the market. Soymeal contracts and soyoil contracts also ended lower. January soybeans lost 6 1/2¢ at USD9.00 1/2.

Soy Exports

US Futures Review: Corn ends week fractionally higher on trade optimism

Corn futures closed out the week with modest gains, with March corn gaining 1/2¢ at USD3.84 3/4.

Corn Futures
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Weekly Review: Rapeseed slow to mirror soy rally

Although a bit firmer in the past fortnight, Winnipeg rapeseed futures have been lagging the soy rally.

United States Rapeseed

EU 2019 wheat crop to hit fouryear high

An increase in sown area on-year and recovery of wheat yields after a drought-stricken 2017/18 crop will bring EU wheat production to a four-year high in 2019/20, Strategie Grains predicted.

Europe EU

French farmers to replace rapeseed with soft wheat

French farmers are expected to sow more soft wheat for next year's harvest as they replace lost rapeseed area due to drought, the French farm ministry said on Tuesday (December 11).

Oils & Oilseeds Grains & Feed

China to import rapeseed meal from Kazakhstan

Chinese customs officials said on Monday that they had approved rapeseed meal imports from Kazakhstan, the latest move in the country’s drive to reduce its reliance on US soybeans as sources of protein for animal feed.

Oils & Oilseeds Rapemeal

Weekly Review: Rapeseed steadies up on crop news, soy bounce & bio-fuel talk

Moderate gains on Winnipeg and Paris canola futures markets this week reflected several factors.

Rapeseed Futures

Indian oilmeal exports still ahead year-on-year

Indian exports of oilmeals for the period April – November 2018 were 10% higher than during the same time a year earlier, the Solvent Extractors Association of India (SEA) said.

Oils & Oilseeds Grains & Feed
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

World food prices fall again

The UN Food and Agriculture Organization’s (FAO) Food Price Index hit its lowest level since May 2016 in November, falling 1.3% on-month and 8.5% on-year to 160.8 points.

Dairy Grains & Feed

Plenty of challenges remain in draft Brexit deal

Each sector of the UK and EU agricultural markets face individual challenges from changing trade patterns and trade agreements should the draft Brexit deal be approved, according to a recent Rabobank report.

Europe EU

Ukraine’s 2018/19 sunflower oil production off to record start

Ukraine has started the new season 2018/19 with a record sunflower crush pace, according to analyst UkrAgroConsult.

Oils & Oilseeds Sunflower Oil

Russia eyes increased grain exports to India

The first Russian-Indian Strategic Dialogue was held in St Petersburg on November 26, with a discussion held on trade barriers between the two nations, according to the Russian Ministry of Agriculture.

Russian Federation India

Germany top buyer of Ukrainian oilseeds in 2018

Germany emerged as the top buyer of Ukrainian oilseeds in the first nine months of 2018, according to the National Scientific Center Institute of Agrarian Economics.

Oils & Oilseeds Exports

China top destination for Ukrainian sunflower meal in 2018/19

China was the top importer of Ukrainian sunflower meal during the first two months of the 2018/19 season, but overall shipments of the commodity were down year-on-year.

Oils & Oilseeds Sunflowerseed
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Coconut

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

Century Pacific revenues lifted by domestic sales

Philippines Century Pacific’s canned products are currently available in 858,000 points of sale in the Philippines, which represents 76% of the total, up from the 66% share in 2016, according to Nielsen.

Philippines US States

Coconut: The Natural Alternative Ingredient in Food & Beverages

Today most millennials have a jar of coconut oil in their fridge which they use for every day cooking alongside olive oil.

Beverages Coconut Oil

Indian cooperative to build coconut processing plant

India-based cooperative Campco is to invest INR400.0 million (USD5.4 mln) to build a specialist coconut products factory.

Desiccated Coconut India

Dried fruit and nuts are the focus of round table meeting

The Dutch Ministry of Foreign Affairs (CBI) held its annual round table event last week. This was attended, as before, by IEG Vu.

Cashews Dried Tropical Fruit

Palm oil firm buys coconut oil producer Markham Farming

New Britain Palm Oil Ltd (NBPOL), a subsidiary of Malaysian palm oil giant Sime Darby Plantation (SDP), has acquired coconut oil producer and exporter Markham Farming Co for USD53 million.

Oils & 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
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Olive

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

Coconut: The Natural Alternative Ingredient in Food & Beverages

Today most millennials have a jar of coconut oil in their fridge which they use for every day cooking alongside olive oil.

Beverages Coconut Oil

Time running out for EU-Mercosur deal as political changes loom

After ten days of talks, negotiators from the EU and South America’s Mercosur trade bloc have once again failed to bridge differences on key obstacles to a free trade agreement (FTA).

EU Mercosur

Princes plans canning site investments amid other closures in the UK

The company’s existing premises in Long Sutton, Lincolnshire, will be demolished and replaced with a new plant over an area of 18,965 m². The new building will include a raw material warehouse and an ingredients processing centre, among other manufacturing spaces.

International Europe

Policy inaction leads to spread of deadly olive tree disease across Italy

A vicious bacterium that is devastating southern Italy’s olive groves is still spreading years after it was first identified because of opposition to measures to contain the pathogen.

Italy Olive Oil

Commission presents EU-Vietnam trade deal for conclusion

The European Commission has presented the EU-Vietnam trade and investment agreements for conclusion to the Council and European Parliament, paving the way for improved market access for EU agri-food products and protection to 169 Geographical Indications.

EU Vietnam

EU to spend EUR172 mln to promote agri-food products

The European Commission will provide funding of EUR172.5 million (USD199 mln) from the EU agricultural budget to promote agri-food products produced in the bloc at home and across the world.

Olive Oil Fresh Fruit & Vegetables
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