Agricultural News / Vegetable Oils

September 19, 2024 / Edible oils

Kazakhstan, Russia and Turkey are now competing for the Afghan sunflower oil market

Source: APKinform (Ukraine) The sunflower oil market in Afghanistan is being fought over between Russia, Kazakhstan and Turkey. Kazakhstan is strengthening its position, said Marina Sidak, an agricultural market analyst, during the fourth…

September 19, 2024 / Edible oils

Indonesia lowers tariffs on palm oil to increase exports

Source: Oleoscope (Russia) Indonesia has reduced export duties on palm oil to boost exports, Bloomberg reports. The world's largest palm oil producer set the levy on crude palm oil at 7,5 percent of the base price...

September 18, 2024 / Edible oils

EU vegetable oil imports lower than last year

Source: Oleoscope (Russia) Imports of soybeans into the European Union in the 2024/25 season, which began in July, amounted to 15 million tonnes as of September 2,62, compared to 2,61…

September 18, 2024 / Edible oils

India's demand for vegetable oils will increase by 2-3 percent annually

Source: Oleoscope (Russia) Indian edible oil consumption is expected to grow by 2-3% per year as edible oils remain affordable despite higher import duties, reports Reures. On Friday, New Delhi raised the basic import tax on raw…

September 16, 2024 / Edible oils, Sunflowers

USDA again downgrades sunflower and oil forecast for Ukraine

Source: Ukragroconsult (Ukraine) The US Department of Agriculture (USDA) has lowered its forecast for the production of sunflower and sunflower products in Ukraine in the 2024/25 marketing year. This follows from the data of the USDA report…

September 16, 2024 / Edible oils

India's basic tariff on oils increased by 20 percent

Source: Oleoscope (Russia) The Indian government has increased tariffs on crude palm oil and refined sunflower oil to 20% and 32,5% respectively. According to the government, the measures are aimed at...

September 13, 2024 / Edible oils

Ukraine halves sunflower oil exports and could thereby cause price increases

Source: Oleoscope (Russia) Ukraine halved its sunflower oil exports in August to the lowest level since spring 2022 – 199.100 tonnes – according to a RIA Novosti analysis of…

September 11, 2024 / Edible oils

Egypt's GASC buys seven times more sunflower oil than planned

Source: Oleoscope (Russia) Egypt's state agency GASC held an international tender on September 10, contracting 30.000 tons of soybean oil and 10.000 tons of sunflower oil with immediate payment...

September 11, 2024 / Edible oils

New EU law could reduce palm oil exports from Indonesia by 30 percent

Source: Oleoscope (Russia) A new EU law that comes into force on December 30 has raised concerns in the Indonesian palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told the…

August 22, 2024 / Edible oils

Spaniards give up olive oil due to rising prices

Source: Oleoscope (Russia) The inhabitants of Spain, the world's largest producer of olive oil, are forced to abandon it in favor of sunflower oil. Olive oil consumption was lower this year for the first time...

August 20, 2024 / Edible oils

Russian sunflower oil exports will increase by 2023 percent in the 24/27 marketing year

Source: APKinform (Ukraine) Sunflower oil exports from Russia are expected to reach 2023 million tonnes at the end of the 24/5,2 season (September-August), 27% higher than in…

August 15, 2024 / Edible oils

Tariff on sunflower oil exports from Russia to be extended until 2026

Source: Oleoscope (Russia) The export duty on sunflower oil exports from Russia will be extended until September 2026, Mikhail Maltsev, executive director of the Russian Oil and Fats Association, told TASS. He noted that…

August 15, 2024 / Edible oils

In the first half of the year, Russia increased its vegetable oil supplies to China by almost 37 percent

Source: Oleoscope (Russia) In the first half of this year, Russia increased exports of vegetable oil to China by 36,6% compared to the same period last year, Rosselkhoznadzor reports, referring to the…

August 8, 2024 / Edible oils

Malaysian palm oil futures fell on Wednesday

Source: Ukragroconsult (Ukraine) Malaysian palm oil futures gave up early gains on Wednesday and extended their decline in the third trading session as weaker rival futures from Dalian and…

August 8, 2024 / Edible oils

A good olive harvest in Greece will bring oil prices down

Source: Oleoscope (Russia) The skyrocketing prices of olive oil in Greece, especially extra virgin olive oil, which has forced Greeks to switch to cheaper oils, may be due to the…

August 8, 2024 / Edible oils

GASC purchased 36,6 thousand tons of sunflower oil

Source: Oleoscope (Russia) Egypt's state grain buyer GASC announced the purchase of 36.600 tons of sunflower oil as part of a previously announced international tender. The purchase included 24.600 tons of sunflower oil with delivery…