Edible oils – Latest news

Sunflower oil
March 26, 2025

Export duty on Russian sunflower oil to be halved in April

Source: Oleoscope (Russia) Starting in April 2025, Russia will implement a duty of 4,568.7 rubles per ton on sunflower oil exports, which is significantly lower than the March rate of…
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Edible oil
March 25, 2025

Sunflower oil plants in Russia stop due to losses

Source: Ukragroconsult (Ukraine) Efko, one of the largest agro-industrial firms in Russia, has closed down two of its sunflower oil processing plants located in the Krasnodar region, according to a…
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Palm
March 24, 2025

Imports of palm oil into the EU fell significantly

Source: Oleoscope (Russia) Between July 2024 and early March 2025, the EU saw a notable decrease in palm oil imports compared to the same timeframe last year, indicating a general…
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Edible oil
March 21, 2025

2.8 million tons of vegetable oils to be imported by Bangladesh in 2025/26

Source: Ukragroconsult (Ukraine) According to a report from the USDA Foreign Agricultural Service, Bangladesh is expected to increase its soybean imports to 2.5 million tons in the marketing year 2025/26…
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Sunflower oil
March 21, 2025

Turkey purchased 18 thousand tons of sunflower oil at tender

Source: Oleoscope (Russia) Market operators have reported that after a hiatus of two years, the Turkish State Agency (TMO) has acquired 18,000 tons of crude sunflower oil through a recent…
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Olive oil
March 20, 2025

EU lifts duties on Chilean olive oil imports

Source: Oleoscope (Russia) On March 11 of this year, a provisional free trade agreement came into effect between Chile and the European Union. This agreement eliminates tariffs on the initial…
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Cargo ship
March 18, 2025

Turkey announces tender for vegetable oil purchase after two-year break

Source: Oleoscope (Russia) Turkey’s Grain Agency (TMO) is set to resume international tenders after a hiatus of two years, seeking to acquire 18,000 tons of unrefined sunflower oil on a…
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Palm
March 18, 2025

Indonesia to raise palm oil export tax to 10 percent

Source: Oleoscope (Russia) Indonesia is set to increase its export duty on palm oil from a range of 3-7.5% to 4.5-10% of the benchmark price for crude palm oil. This…
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Palm
March 11, 2025

The era of cheap palm oil is coming to an end

Source: Ukragroconsult (Ukraine) The palm oil industry finds itself at a critical juncture, confronted by a challenging mix of supply limitations, increasing biodiesel demand, and unfavorable weather patterns. Previously valued…
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Chinese flag
March 10, 2025

China imposes 100 percent duty on Canadian rapeseed oil, oilcake and peas

Source: Oleoscope (Russia) The Ministry of Commerce in China has declared its intention to implement tariffs on agricultural goods from Canada, amounting to $2.6 billion. These tariffs are set to…
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Sunflower oil
March 10, 2025

Ukraine cut sunflower oil exports by 24 percent

Source: Ukragroconsult (Ukraine) In the marketing year 2024/25 (as of March 1), Ukraine’s sunflower oil exports saw a year-over-year decline of 24%, totaling 2.4 million tons, marking the lowest figure…
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Edible oil
March 6, 2025

Bulgarian sunflower oil producers halt work due to shortage of raw materials

Source: APKinform (Ukraine) The Bulgarian Sunflower Oil Producers Association has indicated that numerous processing plants across the nation are compelled to halt their sunflower seed processing due to a lack…
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Sunflower oil
March 6, 2025

Ukraine’s sunflower oil exports remain at the lowest level in almost 10 years

Source: APKinform (Ukraine) Ukrainian sunflower oil exports are currently low, as local producers are struggling to secure the necessary raw materials for sustained operations for the coming months. This information…
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Palm
March 6, 2025

Palm oil is not cheap anymore

Source: Oleoscope (Russia) On Thursday, the Indonesian palm oil producer association, GAPKI, announced that the country is projected to see a decrease of 6.9% in palm oil exports by 2025,…
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Edible oil
March 3, 2025

Russian rapeseed oil exports doubled in January

Source: Oleoscope (Russia) As per the projections from the experts at the federal center “Agroexport,” Russia’s exports of rapeseed oil to international markets exceeded 170 thousand tons in January 2025….
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Olive tree
February 26, 2025

Olive oil prices will come down within a few months

Source: Ukragroconsult (Ukraine) According to Food Navigator, citing prominent Italian supplier Filippo Berio, prices for olive oil are anticipated to drop over the next three months. The olive oil industry…
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