Edible oils – Latest news

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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Sunflower oil
October 21, 2024

Sunflower oil prices in the ports of Odessa up by almost 40 US dollars per tonne

Source: Oleoscope (Russia) Prices for Ukrainian sunflower oil continue to rise due to high demand from processors and low supply from producers, analysis agencies reported, citing traders. Prices for sunflower…
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Sunflower oil
October 18, 2024

Sunflower oil in the ports of Odessa rose by 40 US dollars per ton over the course of the week

Source: Ukragroconsult (Ukraine) Sunflower prices continue to rise due to high demand from processing companies and low supply from producers. Farmers are not in a hurry to sell large quantities…
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Sunflower oil
October 16, 2024

Sunflower oil prices increased by USD 184 per tonne in the last GASC tender

Source: Oleoscope (Russland) On October 15, the Egyptian state agency GASC held an international tender for the purchase of soybean and sunflower oil with immediate payment. Market analysts, citing European…
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Edible oil
October 16, 2024

Vegetable oil prices approach three-year highs

Source: Oleoscope (Russia) Vegetable oil prices have risen significantly in the last 4 weeks. Analysts from OilWorld (Germany), quoted by APK-Inform, predict that the sharp rise in quotations could cause…
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Oil
October 14, 2024

The Egyptian GASC has published a tender for the purchase of 40 thousand tons of vegetable oil

Source: Oleoscope (Russia) On October 15, the Egyptian state agency GASC will hold another international tender for the purchase of vegetable oil with delivery from January 1 to 15, 2025….
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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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