Edible oils – Latest news

Olive oil
October 11, 2024

Olive oil production in the EU will increase by 31 percent next year compared to the previous season

Source: Oleoscope (Russia) The supply of olive oil in Europe could increase significantly next year as Spain resumes production after a period of drought, Olive Oil Times reports, citing the…
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Edible oil
September 25, 2024

Russia retains the lead in rapeseed oil deliveries to China

Source: Oleoscope (Russia) From January to August, China imported rapeseed oil from Russia worth 661.5 million dollars, which is 1.5 times less than in the same period last year (1.003…
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Sunflower oil
September 19, 2024

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

Source: APKinform (Ukraine) The market for sunflower oil in Afghanistan is being fought over between Russia, Kazakhstan and Turkey. Kazakhstan is strengthening its position, said Marina Sidak, an agricultural market…
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Palm
September 19, 2024

Indonesia lowers tariffs on palm oil to boost exports

Source: Oleoscope (Russia) Indonesia has lowered the export duty on palm oil to boost exports, Bloomberg reports. The world’s largest palm oil producer set the duty on crude palm oil…
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Edible oil
September 18, 2024

EU edible oil imports lower than in the previous year

Source: Oleoscope (Russia) Imports of soybeans into the European Union in the 2024/25 season, which began in July, amounted to 2.62 million tons by September 15, compared to 2.61 million…
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Edible oil
September 18, 2024

India’s demand for edible oils will increase by 2-3 percent annually

Source: Oleoscope (Russia) India’s edible oil consumption is expected to increase by 2-3% per annum as edible oils remain affordable despite higher import duties, reports Reures. On Friday, New Delhi…
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Sunflower field
September 16, 2024

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 sunflowers and sunflower products in Ukraine in the 2024/25 marketing year. This is…
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Growth chart
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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Sunflower oil
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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Sunflower oil
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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Palm
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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Olives
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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Sunflower oil
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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Sunflower oil
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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Oil
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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Palm
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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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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