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Oils & Oilseeds

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Weekly Review: Palm rally falters despite better Malay sales

Palm oil prices ricocheted from seven-month highs to three-week lows as supportive origin data was blunted by ongoing concerns about forward demand.

Futures Palm Oil EU

Weekly Review: Glut drives soy market

The CBOT market’s muted reaction to last week’s 8 million tonne cut in the USDA’s world soybean production forecast might beg the question, how have prices been able to stay over USD9/bushel before that supportive input?

Futures Soy Soy Oil
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Palm

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

Malaysia palm oil exports jump 21%

Malaysia exported 1.7 million tonnes of palm oil in January, according to the Malaysian Palm Oil Board, up 21.1% on-month.

Malaysia Palm Oil

European discount supermarkets support fresh fruit and vegetable sector

EU trade of fresh fruit and vegetables is benefiting from increasing interest from discounters, it was highlighted at Fruit Logistica 2019 held in Berlin between February 6 and 8.

EU Fresh Fruit & Vegetables

Weekly Review: Palm focus stays on ‘sustainability’ issues

The seasonal shutdown in Asian markets for Lunar New Year failed to quieten the hubbub over what palm producers see as unfair attempts to block their competition with import curbs based on spurious environmental claims.

Palm Oil Futures

FAO Food Price Index goes up in January driven by dairy

Global food prices began the year on a positive note, as the UN Food Agriculture Organisation (FAO) Food Price Index in January was up by 1.8% from December 2018.

Dairy Sugar

Cargill releases bakerfriendly palm shortening line

Cargill has announced the development of a new line of palm oil shortening products named PalmAgility, aimed at replacing the partially hydrogenated oil (PHO) containing products used by bakers.

United States Palm Oil

Indonesian palm oil exports rise in 2018

Indonesian exports of palm oil, including oleochemical and biodiesel shipments, rose by 8% in 2018 from a year earlier to 34.6 million tonnes, the Indonesian Palm Oil Association (GAPKI) said today (February 6).

Oils & Oilseeds Palm Oil
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Soybeans higher on renewed trade optimism

Soybean futures recovered somewhat on Friday after US and Chinese negotiators cited progress in the latest round of trade talks. Soymeal and soyoil contracts also ended higher. March soybeans gained 4¢ at USD9.07 1/2.

Soy Futures

US Futures Review: Soybeans sink on China sales cancellations

Soybean futures settled at one-month lows Thursday, after weekly sales data revealed Chinese buyers cancelled some earlier soybean sales commitments in the first reporting week of 2019. Soymeal and soyoil contracts also ended lower. March soybeans lost 13¢ at USD9.03 1/2.

Soy Futures

Brazil grains production to rise in 2018/19

Brazil’s 2018/19 production will be 234.1 million tonnes, a 2.7% growth on last year, according to the latest updated from Brazil’s National Supply Company (Conab).

Brazil Soy

EU applies tariffs on Argentinian biodiesel, exempts eight producers

The European Commission has adopted the legal act to implement its planned anti-subsidy duties on biodiesel from Argentina, with an exemption clause for eight producers that have agreed to minimum price undertakings.

Argentina EU

US Futures Review: Soybeans slightly lower on soyoil weakness

Soybean futures ended slightly lower Wednesday, along with losses in soyoil contracts. Soymeal contracts posted modest gains. March soybeans lost 1¢ at USD9.16 1/2.

Soy Futures

South Africa corn crop slips in final figure

South Africa’s final figures for its yellow and white corn crops fell from September estimates, with minor downward adjustments for soy, a minor increase for sunflower seed and an increase for sorghum.

South Africa Corn
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Weekly Review: Rapeseed market remains a follower

Rapeseed futures markets were heading back to or below the bottom of their tight 2019 ranges to date, moving mainly with competing veg-oils and currency markets.

Futures Rapeseed

Weekly Review: Rapeseed – a tale of two markets?

Diverging supply/demand projections featured rapeseed/canola markets this week.

Rapeseed Futures

Industry experts see EU rapeseed production hitting new low in 2019

Rapeseed output in the EU is expected to drop further this year, down to its lowest level in more than ten years, speakers told the Paris Grain Day Conference on February 1.

Oils & Oilseeds Rapeseed

Strategie Grains sees EU rapeseed crop on par with 2018

French consultancy Strategie Grains has kept its forecast for the EU’s 2019 rapeseed production almost unchanged at 19.96 million tonnes.

Oils & Oilseeds Rapeseed

Weekly Review: Rapeseed slow to reflect snug supply/demand balance

Winnipeg rapeseed futures stayed range-bound this week, shrugging off talk of harsh weather halting farmer deliveries.

Futures Rapeseed

Weekly Review: Rapeseed price firms despite export slowdown

Winnipeg rapeseed futures edged up to near three-week highs this week, aided by a firmer soy oil market, a soft Canadian dollar and harsh weather slowing farmer sales and country movement.

Futures Rapeseed
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

Brazil grains production to rise in 2018/19

Brazil’s 2018/19 production will be 234.1 million tonnes, a 2.7% growth on last year, according to the latest updated from Brazil’s National Supply Company (Conab).

Brazil Soy

South Africa corn crop slips in final figure

South Africa’s final figures for its yellow and white corn crops fell from September estimates, with minor downward adjustments for soy, a minor increase for sunflower seed and an increase for sorghum.

South Africa Corn

Record stocks limit sunflower price upside in Russia

Russian sunflower stocks totalled 2.2 million tonnes as of January 1, according to Rosstat data, up 34% on-year and a record high following a record harvest of 12.6 mln tonnes.

Sunflower Oil Stocks

Ukrainian sunflower oil exports rise

Ukraine’s sunflower oil exports for the period from September to December 2018 rose by 13% from the previous year to 2 million tonnes, according to a local analyst.

Oils & Oilseeds Sunflower Oil

Ukraine sunflower seed exports down 20% in 2018

Ukraine’s sunflower seed exports in 2018 were down by a fifth from the year before, according to data from the State Fiscal Service of Ukraine.

Oils & Oilseeds Sunflowerseed

South African summer crop area down 7%

South African farmers will plant 3.6 million hectares of summer crops in 2019, according to initial estimates from the Department of Agriculture, Forestry and Fisheries.

South Africa Corn
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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

European discount supermarkets support fresh fruit and vegetable sector

EU trade of fresh fruit and vegetables is benefiting from increasing interest from discounters, it was highlighted at Fruit Logistica 2019 held in Berlin between February 6 and 8.

EU Fresh Fruit & Vegetables

Spanish olive oil production up in first quarter

Spain produced 10% more olive oil in the first quarter of the current season compared with the previous one, the Ministry of Agriculture, Fisheries and Food said.

Oils & 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
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