September 16, 2024
India’s basic customs duty 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…
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September 13, 2024
Ukraine halves sunflower oil exports, which could lead to price increases
Source: Oleoscope (Russia) Ukraine halved its sunflower oil exports in August to the lowest level since spring 2022 – 199,100 tons – according to an analysis by RIA Novosti of…
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September 11, 2024
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 to contract 30,000 tons of soybean oil and 10,000 tons of sunflower oil with immediate payment,…
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September 11, 2024
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 caused concern in the Indonesian palm oil industry. Eddy Martono, head of the Indonesian Palm…
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August 22, 2024
Spains give up olive oil due to rising prices
Source: Oleoscope (Russia) The inhabitants of Spain, the world’s largest producer of olive oil, are being forced to give it up in favor of sunflower oil. Consumption of olive oil…
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August 20, 2024
Russian sunflower oil exports will increase by 27 percent in the 2023/24 marketing year
Source: APKinform (Ukraine) Exports of sunflower oil from Russia are expected to amount to 5.2 million tons at the end of the 2023/24 season (September-August), which is 27% higher than…
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August 15, 2024
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 Fat Association, told…
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August 15, 2024
The first half of the year Russia increased its edible oil deliveries 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, reports Rosselkhoznadzor, citing…
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August 8, 2024
Malaysian palm oil futures fell on Wednesday
Source: Ukragroconsult (Ukraine) Malaysian palm oil futures pared early gains on Wednesday and extended their decline in the third trading session as weaker rival futures from Dalian and Chicago pressured…
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August 8, 2024
A good olive harvest in Greece will cause oil prices to fall
Source: Oleoscope (Russia) The skyrocketing prices of olive oil in Greece, particularly extra virgin olive oil, which has forced Greeks to switch to cheaper varieties of oil, could fall due…
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August 8, 2024
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…
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August 7, 2024
Turkey sets import quotas for sunflowers and sunflower oil for 2025
Source: Oleoscope (Russia) The Turkish government has set tariff quotas for the import of sunflowers and sunflower oil for 2025, reports Grain On-Line, citing Haberler.com. The quotas apply to Turkish…
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August 6, 2024
Egypt invites tenders for the purchase of edible oils
Source: Ukragroconsult (Ukraine) According to market participants, the Egyptian state trading and procurement company GASC has published a tender for the purchase of 10,000 tons of sunflower oil and 30,000…
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August 5, 2024
FAO food price index rises by 2.4 percent for oils in July
Source: Oleoscope (Russia) The FAO food price index averaged 120.8 points in July, slightly below the revised figure of 121 points in June. The index is now 3.1 percent lower…
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August 2, 2024
The price of sunflower oil in Kazakhstan has fallen by 20 percent over the course of the year
Source: Oleoscope (Russia) In July 2024, the monthly inflation rate in Kazakhstan was 0.7% (compared to 0.4% in June this year). According to the National Statistics Office, food prices rose…
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July 25, 2024
Palm oil prices will rise at the end of July
Source: Ukragroconsult (Ukraine) Market analysts are forecasting an increase in palm kernel oil prices in the coming months, citing several factors affecting the supply and demand dynamics for the commodity,…
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