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Oils & Oilseeds

Set Alert for Oils and Oilseeds

Rapeseed oil prices firm on tight supplies

Rapeseed oil prices in Hamburg have firmed over recent weeks, thanks to a revival in demand from the biodiesel industry.

Oils & Oilseeds Rapeseed Oil Rapeseed

Indian palm oil imports pick up in July

Indian palm oil imports reached their highest level since April, thanks to attractive prices vis-a-vis rival soft oils.

Oils & Oilseeds Palm Oil Palm Kernel Oil
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Palm

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

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Weekly Review: Palm analysts mull late-year price revival prospects

With a little help from a Malaysia’s weakening ringgit currency, palm oil prices managed to edge off their recent lows on the Malay Bursa this week before softening Thursday with weaker soy oil prices in Chicago.

Palm Oil Exports

Sime Darby MD appointed chairman of Malaysian Palm Oil Board

The managing director of Sime Darby Plantation Bhd, Mohd Bakke Salleh, has been appointed as the new chairman of the Malaysian Palm Oil Board (MPOB).

Oils & Oilseeds Palm Oil

Indian tariff increase weighs on Indonesian palm oil exports

Indonesian palm oil exports to its biggest buyer India fell sharply after the latter increased import tariffs on CPO in February.

Oils & Oilseeds Palm Oil

Weekly Review: Palm stocks still limit rally potential

Origin palm oil prices have mostly stayed near the bottom end of their three-year range as traders contemplate expected higher Malay production in August, rising stocks held by main supplier and key rival Indonesia and, so far, lacklustre demand even at these cheap levels.

United States Palm Oil

Indonesia to extend B20 biodiesel use

Indonesia plans to expand the use of B20 biodiesel to include non-Public Service Obligation (PSO) demand, as the devaluation of the rupiah against the US dollar over the last few months has made oil imports more expensive.

Oils & Oilseeds Palm Oil
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Lower crop ratings, Argentine export tax changes support soymeal

Soymeal strength supported soybean futures again Tuesday while soyoil contracts ended lower. November soybean futures gained 11¢ at USD8.79 3/4.

Soy Soymeal

USDA Crop Progress: Corn, soy ratings edge down while spring wheat harvest gains

US corn and soybean crops did see the condition ratings decline slightly over the past week while the ratings for spring wheat improved as harvest continues to move ahead.

Corn Wheat

US Futures Review: Soybeans open week higher, led by soymeal strength

Soybean complex futures took back of a portion of Friday’s losses, led by gains in soymeal. November soybean futures gained 7¢ at USD8.68 3/4.

Soy Exports

US Futures Review: Soybeans plummet on record US production

Soybean complex futures finished sharply lower after USDA’s August survey-based production forecast revealed record US production, beating trade expectations. November soybeans fell 42 1/4¢ at USD8.61 3/4.

Soy Production

USDA delivers big corn, soybean crop estimates

US corn farmers are looking at record yields for corn and near-records soybeans in 2018 as the initial survey-based estimate from USDA, signaling supplies of the two crops will remain more than ample.

Corn Soy

Weekly Review: Soy rally extended on US crop concerns, China sales hopes

The US trade spat with China seems to be hurting the latter’s feed users as much – if not more than – the US soy industry.

Soy Exports
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Weekly Review: Rapeseed underpinned by soy, crop uncertainties

Rapeseed futures stayed fairly firm this week, drawing continued support from a firmer soy complex, recent reductions in EU crop estimates and some potential weather issues in Canada.

Rapeseed Exports

Russian wheat harvest approaches half way mark

Some 13 million hectares of spring and winter wheat were threshed in Russia as of August 7, up from 9.9 mln ha in 2017, with 46.1 mln tonnes of wheat harvested, up from 43.2 mln tonnes last year.

Russian Federation Barley

Indian oilmeal exports higher on strong rapeseed meal demand

Indian exports of oilmeals rose by 18% in July compared with the same month last year, according to provisional figures from the country’s Solvent Extractors Association (SEA).

Oils & Oilseeds Grains & Feed

First rise in Canada wheat area for five years

Pressure on rapeseed plantings helped Canada’s wheat area grow for the first time in five years in 2018, gaining 940,000 hectares to 10 million ha, according to a report from the USDA’s Ottawa post.

Canada Wheat

Half Year Outlook 2018: Top EU rapeseed producers hit by weather woes

As the 2018 harvests get under way, the market looks to China for demand amid the escalating trade war between the Asian powerhouse and the US.
Oils & Oilseeds Rapeseed

Australia announces extra help for drought-hit farmers

Australia’s Prime Minister Malcolm Turnbull has announced an extra AUS190 million (USD140 mln) in aid for farmers affected by the worst drought in living memory.

Grains & Feed Oils & Oilseeds
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

Ukraine’s 2017/18 sunflower oil production down

As the 2017/18 season draws to a close, Ukrainian sunflower oil production still lags behind the previous season’s record output.

Oils & Oilseeds Sunflower Oil

EU rapeseed forecast slashed to below 20 mln tonnes

French analyst Strategie Grains further reduced its forecast for this year's EU rapeseed harvest on poor outlooks for crops in northern Europe, particularly in France, Germany, Poland and Denmark.

Oils & Oilseeds Rapeseed

Sunflower oil prices slide on weaker rival oils

Prices of Black Sea sunflower oil have fallen by around 4-5% since April, pulled down by weakness in rival vegetable oils like soy and palm oil, as well as good harvest prospects for the 2018/19 season.

Oils & Oilseeds Sunflower Oil

Acomo closes H1 2018 with a decline in its net profit

The Dutch trader Amsterdam Commodities N.V. (Acomo), listed on the Euronext Amsterdam stock market, saw its net profit fell by 10.8% to EUR15.5 million (USD18.1 mln) in H1 2018 compared with the same period in the previous year.

Spices & Exotics International

Kernel crushes record volume of sunflower seeds in 2018

Ukrainian agribusiness Kernel SA crushed a record volume of sunflower seeds in fiscal 2018, which helped to boost its sunflower oil exports to a new high.

Oils & Oilseeds Sunflower Oil

India’s June palm oil imports lowest since 2014

Indian palm oil imports in June dropped to their lowest level since February 2014, due to the effect of higher import taxes compared with soft oils.

Oils & Oilseeds Palm 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

EU fruit & veg, dairy, meat & wine support survives in new CAP, simpler GI system

The EU food and drink sector has an uneasy relationship with the Common Agricultural Policy. But under the new CAP proposals for 2021-27, many market support measures will be maintained, while the system for registering geographical indications (GIs) will be made easier.

Wines Canned Peaches

Higher olive oil prices prompt EU consumers to switch

Higher retail prices of olive oil caused by poor olive harvests in some of the top producing countries are prompting consumers to switch to cheaper alternatives such as sunflower oil.

Oils & Oilseeds Olive Oil

Grapes, cereals and olive lead record-high organic area in Spain

Grapes, cereals and olives for oil production were the biggest crops in terms of area and production in the Spanish organic agriculture sector last year, new figures reveal.

Fresh Grapes Fresh Tomatoes

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
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