Edible oils – Latest news

Edible oil
January 24, 2025

China’s edible oil stocks declined

Source: Oleoscope (Russia) According to the National Grain and Oil Information Center of China (CNGOIC), China’s combined stocks of the main edible oils – soybean oil and palm oil -…
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Edible oil
January 23, 2025

Tajikistan meets only 21 percent of its domestic demand for edible oil

Source: APKinform (Ukraine) Tajikistan currently meets just over 21% of the population’s need for vegetable oil. The Republic spends $170-180 million annually on importing this product, ASIA-Plus reports. As it…
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Soybeans
January 15, 2025

India’s soybean oil imports doubled in December

Source: Oleoscope (Russia) India’s palm oil imports fell sharply in December as cheaper soybean oil from South America gained market share in the world’s largest edible oil importing country, industry…
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Cargo ship
January 15, 2025

Russia to renew sunflower oil export record in 2024

Source: Oleoscope (Russia) According to preliminary data, Russia supplied more than 5.7 million tons of sunflower oil to foreign markets in 2024. For the first time in history, the annual…
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Sunflower oil
January 10, 2025

Sunflower oil is the leader of Ukrainian agricultural exports in 2024

Source: Oleoscope (Russia) Sunflower oil has become the leader of agricultural exports from Ukraine in 2024. It was sold abroad for more than $ 5 billion, the country’s Economy Ministry…
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Oil
January 9, 2025

India cut edible oils import by 25 percent in December

Source: Ukragroconsult (Ukraine) India cut edible oil imports by 25 percent to a 3-month low of 1.19 million tons in December, including sunflower oil by 22 percent to 265,000 tons…
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Food and Agriculture Organization of the United Nations
January 9, 2025

FAO price index for edible oils in 2024 is 9.4 percent higher than in 2023

Source: Oleoscope (Russia) In December 2024, the FAO Food Price Index (FPI) stood at 127 points, down 0.6 points (0.5%) from its November value, as declines in sugar, dairy, vegetable…
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Sunflower oil
January 7, 2025

Quotas on imports of sunflower and sunflower oil entered into force in Turkey

Source: Ukragroconsult (Ukraine) Turkey has allocated tariff quotas for imports of sunflower seeds and sunflower oil for the period from January 1 to April 30, 2025. The quotas allow importing…
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Olive oil
January 7, 2025

Turkey’s olive sector targets record exports of $1 billion

Source: Oleoscope (Russia) As Turkey’s olive sector is expected to set a new production record this year, authorities have raised the bar for olive oil and olive exports from the…
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Rubel
January 7, 2025

Duty on Russian sunflower oil exports to increase 1.7 times

Source: Oleoscope (Russia) The Russian Ministry of Agriculture announced new duty rates for sunflower oil and sunflower meal exports for January 2025. Duty on sunflower oil increased by 6,872 rubles…
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Efko
January 7, 2025

EFKO Group increased the volume of export supplies by 15 percent

Source: Oleoscope (Russia) EFCO Group has increased export shipments by 15 percent year-on-year in 2024, said Sergey Ivanov, Executive Director of EFCO. “In 2020, we reported that we shipped 1…
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Edible oil
December 18, 2024

The EU has reduced imports of edible oils by 19 percent this season

Source: Oleoscope (Russia) From the beginning of the current season (July 1, 2024) to December 15, the EU countries imported 22.1 million tons of oilseeds, up 12% from last year’s…
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Olive oil
November 6, 2024

Tunisian olive oil production will increase by 55 percent this season

Source: Oleoscope (Russia) Tunisia’s agriculture ministry expects olive oil production to increase by around 55 percent this season, boosting both exports of the green gold and the country’s public finances,…
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Sunflower oil
November 5, 2024

Kazakhstan harvested 2.7 million tons of oilseeds on 83 percent of the cultivated area

Source: Oleoscope (Russia) Kazakhstan is continuing the harvest campaign and has harvested 2.4 million hectares of oilseeds, which is 83.1% of the harvested area. According to the Ministry of Agriculture,…
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Sunflower oil
October 23, 2024

Exports of sunflower oil from the European Union fell by 16 percent

Source: Oleoscope (Russland) From the beginning of the current season (1 July 2024) to 22 October, EU countries exported 210.5 thousand tons of sunflower oil, which is 16% less than…
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Edible oil
October 21, 2024

Bangladesh buys 5.5 million tons of soybean oil

Source: Ukragroconsult (Ukraine) The Bangladesh government on Sunday approved separate bids for the procurement of around 5.5 million liters of soybean oil and 150,000 tonnes of fertilizer to meet the…
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Navigating the Dynamic World of Edible Oils: Stay Informed with the Latest News

The global edible oils market is a complex and constantly evolving landscape, significantly impacting the food industry and consumer habits. Understanding the trends, challenges, and opportunities within this sector is crucial for businesses, investors, and anyone interested in food production and consumption. This comprehensive overview provides a gateway to the latest news and insights surrounding the edible oils industry.

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