Tag: UFOP

Vegetable oil production will rise to a new record in 2017/18

Vegetable oil production will rise to a new record in 2017/18

September 24, 2017 |

In Germany, UFOP reports that the USDA expects global vegetable oil production to hit a new record at 195 million tons in 2017/18. Palm and soybean oil are anticipated to increase particularly strongly, but rapeseed oil production is also projected to surge. According to the USDA estimate, 2017/18 world vegetable oil production will probably rise […]

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FOP and UFOP ask EU to protect biodiesel market

FOP and UFOP ask EU to protect biodiesel market

September 16, 2017 |

In Germany, UFOP reports that they have joined with the French union of oilseeds and proteins crops producers (FOP) to ask the European Commission to protect EU biodiesel market. On September 7th, member state representatives narrowly approved the proposal by the EU Commission to reduce by September 28 the customs duties on biodiesel imports from […]

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Biodiesel consumption in Germany slows in first half of 2017

Biodiesel consumption in Germany slows in first half of 2017

September 9, 2017 |

In Germany, UFOP reports that while diesel and petrol consumption increased, the use of biodiesel declined in the first half of 2017, although the higher quota on GHG emission has been in force since January 2017. Bioethanol remained almost at the year-ago level. March 2017 recorded the highest demand for biodiesel over the past six […]

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German biodiesel exports see slight increase so far in 2017

German biodiesel exports see slight increase so far in 2017

September 2, 2017 |

In Germany, UFOP reports that in the first six months of 2017, German biodiesel exports slightly exceeded the previous year’s figures. More specifically, Denmark and Great Britain purchased more biodiesel from German production. By contrast, demand from the US slumped. In the first half year of 2017, total German biodiesel exports climbed 13.7 per cent […]

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Rapeseed harvest forecast looking up

Rapeseed harvest forecast looking up

August 27, 2017 |

In Germany, UFOP reports that despite adverse weather conditions in parts of the EU-28, the USDA raised its harvest estimate for the Community. Accordingly, the European Union is set to remain the world’s top rapeseed producer in 2017/18. The US Department of Agriculture (USDA) changed its forecast of the 2017/18 global supply and demand balance for […]

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Rapeseed oil prices set to firm up but palm oil prices declined

Rapeseed oil prices set to firm up but palm oil prices declined

August 20, 2017 |

In Germany, UFOP reports that vegetable oil prices on the European cash market diverged. While rapeseed oil firmed, palm oil declined sharply. Trends for the coming weeks are mixed. Prices for rapeseed oil, soybean oil and sunflower oil continued to diverge. Whereas palm oil was on a continued downward trend due to abundant supply of […]

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Sunflower seed harvest forecast down significantly in EU due to hot and dry weather

Sunflower seed harvest forecast down significantly in EU due to hot and dry weather

August 12, 2017 |

In Germany, UFOP reports that in its latest monthly estimate, the EU Commission cut its outlook for the EU sunflower seed harvest substantially. Whereas in June, production was still estimated at just over 9 million tonnes, the forecast was reduced to 8.7 million tonnes in July. This would be up 33,000 tonnes from 2016, but […]

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Biodiesel sales in Germany remain stagnate

Biodiesel sales in Germany remain stagnate

August 12, 2017 |

In Germany, UFOP reports that in spite of the increase in the greenhouse gas reduction requirement from 3.5 to 4.0 percent introduced at the beginning of the year and the further increase in diesel consumption to almost 15 million tonnes (prior year: 14.15 million tonnes), biodiesel consumption has fallen once again from 0.912 million tonnes […]

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Rapeseed meal prices drop 13% but soybean meal price stays steady

Rapeseed meal prices drop 13% but soybean meal price stays steady

August 5, 2017 |

In Germany, UFOP reports that German wholesale prices for rapeseed meal dropped substantially over the past few weeks. Asking prices dwindled by almost 13 per cent to the recent level of EUR 186 per tonne ex production facility. The reasons for the decline in prices were rising new-crop supply and waning feedstock prices, Agrarmarkt Informations-Gesellschaft […]

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Second largest soybean harvest on record worldwide but is it real?

Second largest soybean harvest on record worldwide but is it real?

July 30, 2017 |

In Germany, UFOP reports that in the running marketing year, farmers are expected to bring in the second largest soybean harvest on record worldwide. This suggests ample supply – but reality is arguably different. Stocks are even projected to decline slightly at the end of 2017/18. Large harvest amounts lead to lower price levels and […]

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