Tag: UFOP

Brisk demand stimulates rapeseed oil price

Brisk demand stimulates rapeseed oil price

August 11, 2018 |

In Germany, UFOP reports that asking prices for rapeseed oil recovered considerably over the past few weeks. In contrast, palm oil fell to a multi-year low. German wholesale prices for vegetable oils developed very disparately in the second quarter of 2018. According to Agrarmarkt Informations-Gesellschaft mbH (AMI), recent asking prices for rapeseed oil amounted to […]

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EU oilseed crop likely to come in below expectations

EU oilseed crop likely to come in below expectations

August 5, 2018 |

In Germany, UFOP reports that according to the EU Commission’s preliminary estimates, the 2018/19 oilseed output in the EU-28 could fall short of last year’s level. The main factor is declines in rapeseed yield. In its latest monthly report, the EU Commission has projected the 2018 EU-28 oilseed harvest at 33.1 million tonnes. Consequently, production […]

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Smaller rapeseed crop sends prices spiking

Smaller rapeseed crop sends prices spiking

July 29, 2018 |

In Germany, UFOP reports that the ongoing heatwave in the EU-28 is anticipated to lead to a significantly smaller rapeseed harvest than previously expected and prices have already risen considerably and are likely to increase further. German ex-farm prices of rapeseed from the 2018 crop have surged substantially over the past few weeks. Since the […]

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Trade conflict puts damper on USDA export outlook

Trade conflict puts damper on USDA export outlook

July 22, 2018 |

In Germany, UFOP reports that the U.S. Department of Agriculture expects the U.S. export potential to shrink because of the slowdown in demand from China in the wake of the trade dispute with the U.S. The USDA raised its forecast of 2018/19 US soybean production and now expects output to reach 117.3 million tonnes, up […]

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Global rapeseed stocks could shrink to six-year low

Global rapeseed stocks could shrink to six-year low

July 14, 2018 |

In Germany, UFOP reports that the current IGC report on global rapeseed supply in 2018/19 expects world rapeseed stocks to see a significant decline. The reason is smaller harvests, especially in the EU-28 and Australia. In its outlook for the 2018/19 marketing year, the International Grain Council (IGC) projects global rapeseed production at 72.1 million […]

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China’s demand for protein could increase rapeseed prices

China’s demand for protein could increase rapeseed prices

July 8, 2018 |

In Germany, UFOP reports that due to the lower harvest estimates for key rapeseed producing countries and prospects of brisk demand from China, asking prices for rapeseed are poised to exceed previous expectations. Prospects of a weaker rapeseed harvest in the EU-28 are gradually having repercussions on prices, leading to firming prices in Paris. Prices […]

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List of approved commercial vehicle manufacturers for operation with biodiesel published

List of approved commercial vehicle manufacturers for operation with biodiesel published

July 1, 2018 |

In Germany, UFOP published a current list of commercial vehicle manufacturers that are approved for operation with biodiesel and gives an overview of approved commercial vehicles and engines as well as the compliance with emission standards. According to UFOP, biodiesel is the most important biofuel in Europe and fleet operation with pure biodiesel (B100) or […]

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Soybean stocks likely to decline further

Soybean stocks likely to decline further

July 1, 2018 |

In Germany, UFOP reports that world soybean production could grow significantly in the 2018/19 marketing year. However, output will unlikely be sufficient to satisfy demand, which would lead to a further reduction in stocks. In its June report, the USDA has projected global soybean production in 2018/19 at 355 million tonnes. This translates to an […]

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Prices of conventional soybean meal took a nosedive

Prices of conventional soybean meal took a nosedive

June 24, 2018 |

In Germany, UFOP reports that prices of conventional soybean meal have come down significantly since the beginning of May 2018. Ample supply from Brazil, favorable growing conditions in the U.S. and the escalating trade dispute between China and the U.S. are putting downward pressure on prices. Asking prices of soybean meal have weakened considerably following […]

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EU sunflower production expected lower than last year

EU sunflower production expected lower than last year

June 17, 2018 |

In Germany, UFOP reports that although the sunflower area has remained constant in the EU-28, the EU Commission anticipates a sharp drop in sunflowerseed production. Yields, especially in Romania and France, could be disappointing. According to figures just published by the EU Commission, the 2018 EU-28 sunflower area of 4.2 million hectares has remained virtually […]

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