Vegoils
Market News
Indonesia has set its crude palm oil (CPO) reference price for February at $955.44 per tonne, down by $104.10 per tonne from January’s $1,059.54 per tonne, according to a decree by the trade ministry late on Friday January 31.
A cold snap is expected to sweep across parts of the US in the week beginning Thursday January 30, putting winter wheat at risk if protective snow cover remains thin.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Ukrainian weekly exports of sunflower meal and sunflower oil increased in the week to January 29, while exports of soybeans and rapeseed decreased, data from the Ministry of Agrarian Policy showed on Thursday January 30.
Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
The EU imported 70,469 tonnes of soybeans in the week ended Sunday January 26, pushing the total for the current marketing year to 8.03 million tonnes, up by 13% year on year, based on preliminary data from the European Commission.
Brazilian corn exports came to 2.69 million tonnes in the first four weeks of January 2025, while soybean exports totaled 684,103 tonnes in the same period, weekly customs data showed on Monday January 27.
Vegoils
Corporate News
Malaysia-based palm oil producer SD Guthrie International (SDGI) has confirmed the arrival of its first shipments of 40,250 tonnes of palm oil that meet the requirements of the new EU Deforestation Regulation (EUDR), according to a press release published on Thursday September 19.
Singapore-based Wilmar International saw a decline in its palm fresh fruit bunch (FFB) production in the first six months of its financial year ending June 30 2024, with FFB output coming in at 1.95 million tonnes, down by 6% from the same period a year earlier, according to the company’s earnings statement released on Tuesday August 13.
The European Bank for Reconstruction and Development (EBRD) has announced a €60 million ($65 million) loan to Ukraine’s Lan Oil to finance the country’s first private biofuels venture since Russia launched its full-scale invasion in February 2022, according to a press release published on Wednesday June 12.
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...
Palm oil major Sime Darby Plantation Berhad (SDP) reported a 6% annual increase in its palm fresh fruit bunch (FFB) output for its financial year ending December 31 2023...
Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...
Palm oil major Sime Darby Plantation Berhad (SDP) recorded a 205.8% year-on-year jump in its net profits for the third quarter...
Vegoils
Policy News
Russia’s export duty on sunflower oil reached another all-time high for February, increasing by 11.6% from January, while the export duty on sunflower meal decreased by 18% month on month, according to an update from the country’s Ministry of Agriculture on Friday January 24.
Malaysia lowered its crude palm oil (CPO) reference price for February to 4,817.70 ringgit ($1,072) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday January 16.
Malaysia raised its crude palm oil (CPO) reference price for December to 5,001.72 ringgit ($1,141) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday December 17.
The Turkish government is to further reduce import duties on sunflower seeds from the start of 2025 to bolster support local farmers, according to an announcement in the Official Gazette of the Republic of Turkey.
Malaysia raised its crude palm oil (CPO) reference price for December to 4,471.39 ringgit ($1,059) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday November 19.
China will cut the export tax rebate of 13% for chemically modified animal, plant or microbial oils and fats, including used cooking oil (UCO) and aluminium and copper products, in a statement by the country's Ministry of Finance on Friday November 15.
The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.
Palm oil exports from Indonesia, the world’s largest producer of palm oil, are expected to post year-on-year declines in 2024-2025 on the back of higher domestic consumption and a mixed outlook for production, a senior official from the Indonesian Palm Oil Association (Gapki) said on Friday November 8.