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Oils & Oilseeds

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Argentina targets 21.6% soybean production growth by 2027

Soy yield and area increases are projected despite biodiesel demand challenges.

Argentina United States Soymeal

Slow harvest threatens Russia's sunflower production

Higher wheat yield lifts overall harvest numbers, but sunflowers lag.

Russian Federation Barley Corn
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Palm

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

Palm oil firm Boustead warns of difficult fourth quarter ahead

Malaysian palm oil producer Boustead Plantations Bhd reported a rise in profit for the third quarter thanks to gains from land sales, but warned of a more difficult outlook for the last quarter of the ear.

Boustead Financial Results

Sime Darby posts record quarterly profit

Malaysian palm oil producer Sime Darby posted a set of strong financial results, with earnings for the first quarter reaching record high.
Sime Darby Financial Results

Analyst sees further drop in palm oil prices

Renowned industry analyst Dorab Mistry said he expects a further 2-3% drop in Malaysian palm oil futures following the move by India, the world's biggest palm oil buyer, to raise import duties to the highest in a decade.

Palm Oil Futures

India announces further import tax hike for edible oils

The Indian government has announced a second rise in import tariffs for edible oils in three months in a bid to support local oilseed farmers.

Oils & Oilseeds Palm Oil

Wilmar buys palm oil refinery from Cargill

Singapore-based Wilmar International has agreed to buy Cargill’s edible oil facilities in Kuantan, Malaysia, for an undisclosed sum.

Cargill Wilmar International

Weekly Review: Palm reverse as exports wilt, ringgit strengthens

Palm oil slumped this week to its cheapest since mid-October, absorbing slower Malay export trade.

Palm Oil Economy
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Soybeans closed higher on weather concerns

Soybeans posted gains Wednesday as concerns over La Nina provided support for prices.
Soy Weather

Overnight Futures Review: Soy complex recovers ground

January soybean futures traded to a 5¼¢ gain while December while soybean meal increased USD1.70 and December soybean futures strengthened 21 basis points.

Futures United States

Overnight Futures Review: US cumulative soy exports lag forecasts

Overnight, January soybean futures traded two cents lower to end the session at USD9.88 while December soybean meal weakened USD1.90 per ton and December soybean oil gained 16 basis points on oil/meal spread trade activity.

United States Soy

Cofco to ramp up Canadian canola purchases

State-owned Chinese commodities giant Cofco Corp. is planning to boost its purchases of Canadian canola by more than a third next year, a senior company executive said last week.

Cofco Rapeseed

USDA Crop Progress: Winter wheat ratings slip again

The level of US winter wheat rated good/excellent dropped to 52 percent for the week ended November 19 compared to 54 percent the prior week, according to USDA's Crop Progress update.

Wheat Corn

US Futures Review: Soybeans close fractionally lower

Soybean futures closed marginally lower Monday after Friday’s sharp gains.

Soy Soy Oil
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Bumper Australian wheat crop boosts GrainCorp’s results

Australia's GrainCorp Ltd reported a strong set of full-year results today on the back of a bumper 2017 wheat crop.

GrainCorp Financial Results

Cofco to ramp up Canadian canola purchases

State-owned Chinese commodities giant Cofco Corp. is planning to boost its purchases of Canadian canola by more than a third next year, a senior company executive said last week.

Cofco Rapeseed

India announces further import tax hike for edible oils

The Indian government has announced a second rise in import tariffs for edible oils in three months in a bid to support local oilseed farmers.

Oils & Oilseeds Palm Oil

Weekly Review: Demand boost for rapeseed

The recent steep increase in Canadian canola prices seems to have done little to dampen demand.

Rapeseed Oil Rapeseed

Ukraine sunflower yields down 11.5%

Average sunflower yields in Ukraine have come in at 2.00 tonnes per hectare this year, down 11.5% compared with last year, according to market analyst UkrAgroConsult.

Oils & Oilseeds Sunflowerseed

German rapeseed area down 2% due to bad weather

Germany's 2017/2018 winter rapeseed area has fallen by 2% compared with last year to around 1.28 million hectares, German oilseeds industry association UFOP said on Tuesday (November 14).

Oils & Oilseeds Rapeseed
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

India announces further import tax hike for edible oils

The Indian government has announced a second rise in import tariffs for edible oils in three months in a bid to support local oilseed farmers.

Oils & Oilseeds Palm Oil

Ukraine sunflower yields down 11.5%

Average sunflower yields in Ukraine have come in at 2.00 tonnes per hectare this year, down 11.5% compared with last year, according to market analyst UkrAgroConsult.

Oils & Oilseeds Sunflowerseed

France cuts rapeseed estimate, but raises sunflower forecast

The French farm ministry today (November 14) slightly cut its estimate for the country’s 2017/18 rapeseed crop, but raised the forecast for French sunflower seed production.

Oils & Oilseeds Rapeseed

South African oilseeds area to expand in 2018

South African farmers are planning to expand the area under oilseeds in 2018, according to figures released by the country’s Crop Estimates Committee (CEC).

Oils & Oilseeds Sunflowerseed

Ukraine sunflower seed stocks remain steady

Ukraine’s sunflower seed stocks as of October 1, 2017 were almost unchanged from a year ago, at 5.83 million tonnes.

Oils & Oilseeds Sunflowerseed

Argentina names new agriculture minister

Argentina’s Cabinet chief Marcos Pena has announced that Luis Miguel Etchevehere, currently the president of the Argentine Rural Society, a powerful industry lobby group, will become the country’s new Agriculture Minister to replace Ricardo Buryaile.

Argentina Policy
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Coconut

Set Alert for IEG Vu Oils and 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

USDA Ag Attaché Reports: China, Indonesia, Ukraine, Canada, Peru, Thailand, Turkey & More

USDA Ag Attaché Reports: China, Indonesia, Ukraine, Canada, Peru, Thailand, Turkey & More

Corn Rice
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Olive

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

EU set for good olive harvest despite disease spread

New figures from EU farming associations, Copa and Cogeca, paint a positive picture for the bloc’s olive harvest this year, despite the continued spread of the disease Xylella fastidiosa.

Oils & Oilseeds Olive Oil

Spanish region's olive oil well runs dry

Spain’s autonomous community of Andalusia, the world’s largest producer of olive oil, is set to produce 884,900 tonnes of olive oil in the season of 2017/18, down 15.8% from the previous season, according to a new estimate unveiled by Andalusian authorities.

Olive Oil Weather

Global olive oil output projected to rise 12% next season

Global olive oil production is set to reach 2.85 million tonnes in 2017/18; a 12% increase from current season estimations, according to provisional data provided to the International Olive Council (IOC) and estimates by the IOC executive council.

Olive Oil Production

Brazilian olive oil imports rose by 11% y-o-y

Brazil’s olive oil imports increased by 11.0% in the first eight months of 2017, compared to the same period of 2016.

Olive Oil Brazil

Spanish olive oil prices remain firm

Spanish olive oil prices continue its steady rise this season, despite some setbacks, with prices still more than 30% higher compared with four-year averages.

Spain Olive Oil

Spanish olive oil exports up 22% y-o-y

Spanish olive oil exports during the eight months to May 2017 were up by 22% compared with the same period a year earlier, the Ministry of Agriculture and Fisheries, Food and Environment revealed today.

Oils & Oilseeds Olive Oil
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