Edible oils – Latest news

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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Olive tree
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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Edible oil
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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Sunflower field
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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Sunflower oil
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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Food and Agriculture Organization of the United Nations
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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Sunflower oil
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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Palm
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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Sunflower oil
July 23, 2024

Exports of sunflower oil from the Republic of Moldova fell by 45 percent

Source: Oleoscope (Russia) Exports of sunflower oil from the Republic of Moldova in the first half of 2024 decreased by 68.3 thousand tons, down 45% compared to the same period…
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Palm
July 18, 2024

Malaysia increases palm oil exports by more than 40 percent in June

Source: APKinform (Ukraine) According to Oil World estimates, Malaysia exported 91 thousand tons of palm oil in June, which is 42% higher than the level reported in 2023 (64 thousand…
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Olive oil
July 2, 2024

Olive oil consumption in Spain fell by 10.4 percent

Source: Oleoscope (Russia) Olive oil has always been the most important product in Spanish gastronomy, but since 2022 its consumption has been declining due to rising prices. In the last…
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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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