Rapeseed Oil Prices Fall Below Palm Oils in EU

Mar 20, 2023 | Oil, Oil Seeds, Rape Seeds

World prices for rapeseed oil in the EU for the first time in a quarter of a century were below the level of aa  which is usually the lowest among the four major oils. According to Mintec Analytics, rapeseed oil quotations fell to 929.5 € / ton FOB Rotterdam by March...

Palm Oil Production in Malaysia to Grow

Mar 14, 2023 | Oil

Production of palm oil in Malaysia in 2023 will grow by 500 thousand tons compared to last year – up to 19 million tons. According to the National Association MPOA, in the short term prices for Malaysian products will remain at 4000 ringgit per ton (Euro 892). At the...

Europe’s Demand for Palm Oil Declines

Mar 7, 2023 | News, Oil

The decline in Europe’s demand for palm oil from Southeast Asia will be offset by the growing dynamics of the consumption of this product in India, Bangladesh, Pakistan, and a number of African countries, James Fry, chairman of the consulting company LMC...

TMO Cancels Tender to Buy Sunflower Oil

Mar 1, 2023 | Oil, Oil Seeds, Sunflower Seeds

State Food Procurement Agency of Türkiye TMO has announced the cancellation of 48 thousand tons of unrefined sunflower oil at an earlier tender in the country. This was reported by local media, citing information from market operators. “The importer attributed its...

Indonesia Stepping Up Efforts to Improve Oil Palm Yields

Feb 28, 2023 | Oil

Indonesia will increase efforts to implement oil palm replanting technology to improve oil palm yields. Recall that Indonesia launched a subsidized oil palm replanting program for small landowners five years ago in an attempt to increase oil production without cutting...