Tag: UFOP

Palm and soybean oil lose a lot of ground

Palm and soybean oil lose a lot of ground

July 14, 2019 |

In Germany, UFOP reports that the vegetable oil price index of the Food and Agriculture Organization of the United Nations (FAO) dropped 12 per cent over the past marketing year and is currently at a level lower than that recorded in December 2018. The FAO vegetable price index shows the changes in international prices for […]

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Global rapeseed production covers demand despite drought

Global rapeseed production covers demand despite drought

July 7, 2019 |

In Germany, according to UFOP, in its current global rapeseed supply outlook for 2019/20, the International Grain Council (IGC) anticipates a considerable decline in world production. At the same time, global stocks are expected to rise to a record high. In its recent forecast for the 2019/20 marketing year, the IGC projects global rapeseed production […]

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Small rapeseed harvest coincides with strong demand for biodiesel

Small rapeseed harvest coincides with strong demand for biodiesel

June 30, 2019 |

In Germany, according to UFOP, due to the poor growing conditions that have been accompanying winter rapeseed since it was sown, Germany will only see a small rapeseed crop in 2019. The estimate is for around 3.1 million tonnes. This would translate to a 17 per cent drop from the already weak previous year and […]

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Palm oil cheaper than diesel fuel

Palm oil cheaper than diesel fuel

June 22, 2019 |

In Germany, according to UFOP, selling prices for palm oil and diesel fuel have recently converged to the same level, after the former had even been at a lower price for six months. UFOP fears that the use of palm oil will increase, because palm oil prices have tumbled to a very low level since […]

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German biodiesel exports rose substantially in Q1 2019

German biodiesel exports rose substantially in Q1 2019

June 15, 2019 |

In Germany, UFOP reports that German biodiesel exports increased sharply in the first quarter of 2019, with exports to Great Britain seeing the biggest growth. In the first three months of 2019, German exports of biodiesel surged around 33 per cent to 581,248 tonnes year-on-year. Around 87 per cent of these exports were shipped to […]

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Large harvests and implications of US-China trade dispute force down prices

Large harvests and implications of US-China trade dispute force down prices

May 26, 2019 |

In Germany, UFOP sees sustainable agriculture and climate protection as losers and calls for fast action because soybean prices are on a downward slide all across the globe. The reason is both large harvests in Argentina and Brazil and the trade dispute between the US and China, according to UFOP, which has voiced concerns that […]

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Tight supply of soybeans in 2019/20

Tight supply of soybeans in 2019/20

May 19, 2019 |

In Germany, UFOP reports that the U.S. will presumably harvest the smallest tonnage of soybeans in four years in 2019. In its first outlook on the 2019/20 supply situation for soybeans, the USDA expects a decline in production combined with growth in consumption. The US authority sees the 2019/20 global soybean harvest at 356 million […]

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FAO vegetable oil price index at eleven-year low

FAO vegetable oil price index at eleven-year low

May 12, 2019 |

In Germany, UFOP reports that the global price index for vegetable oils came under pressure in March. It slumped 4.4 per cent to 128 points, the second lowest level in eleven years. The average vegetable oil price index for 2018 as a whole was 144 points. Very good market supply with palm oil combined with […]

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Palm oil production faster than consumption and Malaysian palm oil reach record levels

Palm oil production faster than consumption and Malaysian palm oil reach record levels

May 5, 2019 |

In Germany, UFOP reports that the productivity of oil palm trees seasonally decreases from October onwards. Nevertheless, January/March 2019 palm oil production was up, on average, 10 per cent from a year earlier. By contrast, exports only increased 7 per cent. In the first three months of the ongoing year, Malaysian production of palm oil […]

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Trade dispute reduces U.S. soybean area

Trade dispute reduces U.S. soybean area

April 7, 2019 |

In Germany, UFOP reports that because of the U.S. trade dispute with China and the resulting limited export potential, U.S. farmers are growing fewer soybeans. In most U.S. states, farmers have likely planted fewer soybeans in 2019. This assumption is based on figures published by the USDA, which expects the 2019 US soybean area to […]

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