Tag: UFOP

2018/19 global rapeseed consumption could rise to record levels

2018/19 global rapeseed consumption could rise to record levels

May 18, 2018 |

In Germany, UFOP reports that the current USDA report on global rapeseed supply projects hardly any changes for the running season. However, production and consumption are predicted to reach new record levels in 2018/19. In its May forecast, the USDA sees global 2017/18 rapeseed production unchanged from the previous month’s estimate at 74.3 million tonnes, […]

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Contrasting changes in global prices for vegetable oils and cereals

Contrasting changes in global prices for vegetable oils and cereals

May 12, 2018 |

In Germany, UFOP reports that the Food and Agriculture Organization of the United Nations price indices for vegetable oils and cereals have recently trended in opposite directions. Whereas vegetable oils have been under considerable downward pressure, cereal prices have increased since the beginning of the year. Asking prices for vegetable oils decreased considerably over the […]

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EU rapeseed imports leveled off

EU rapeseed imports leveled off

May 6, 2018 |

In Germany, UFOP reports that the excessive EU rapeseed imports which previously characterized the marketing year have waned. At the beginning of April, the total volume stood at the previous year’s level. Extensive rapeseed imports from third countries were a major feature of the EU rapeseed market already early in the running marketing year. This […]

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Value of grain and rapeseed declines relative to oil price

Value of grain and rapeseed declines relative to oil price

April 29, 2018 |

In Germany, UFOP reports that trade agreements are exacerbating pressure on prices for grain and rapeseed and that the development of prices for food and feed uses lags behind that of prices for the “fuel value” of these feedstocks. Brent crude oil recently hit the level of 74 US dollar per barrel. This price is […]

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Global soybean crop smaller than expected

Global soybean crop smaller than expected

April 22, 2018 |

In Germany, UFOP reports that the world’s 2017/18 soybean output will be significantly smaller than previously expected. Argentina is set to harvest one third less than initially projected. Larger harvests in Brazil and the U.S. will not suffice to offset the shortfall. In many parts of Argentina in the past months, field crops were adversely […]

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UFOP sees dreary future European rapeseed following Argentine and Indonesian biodiesel imports

UFOP sees dreary future European rapeseed following Argentine and Indonesian biodiesel imports

April 17, 2018 |

In Germany, UFOP views the prospects of European rapeseed cultivation as being acutely jeopardized. “The dumping imports from Argentina and Indonesia are becoming a question of survival for European rapeseed producers”, said the Chairman of UFOP, Wolfgang Vogel. The shutdowns and production cutbacks carried out by European biodiesel producers will continue to increase the pressure […]

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2018 EU rapeseed area increased from previous year

2018 EU rapeseed area increased from previous year

April 15, 2018 |

In Germany, UFOP reports that in the EU-28, an estimated area of 6.8 million hectares is planted with winter rapeseed for the 2018 harvest. This translates to a more than 80,000 ha rise from 2017. The development of rapeseed area is very different in the different EU member states. According to Agrarmarkt Informations-Gesellschaft (mbH), German […]

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German rapeseed oil price falls to lowest in 3.5 years

German rapeseed oil price falls to lowest in 3.5 years

April 7, 2018 |

In Germany, UFOP reports that rapeseed oil prices fell to a multi-year low and weakened considerably, while soybean oil also came down sharply. The reduction of tariff rates on palm oil from Indonesia pushed through at the WTO and the lowered tariff rates on biodiesel from Argentina, which have been applied since September, increasingly weighed […]

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German rapeseed oil exports on the decline

German rapeseed oil exports on the decline

March 23, 2018 |

In Germany, German exports of rapeseed oil in the first half year 2017/18 fell short of the previous year’s level, according to UFOP. Both EU member states and third countries purchased considerably less rapeseed oil than a year earlier. According to information published by the German Federal Statistical Office, German exports of rapeseed oil declined […]

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New edition of “Good Reasons for Biofuels” brochure published

New edition of “Good Reasons for Biofuels” brochure published

March 18, 2018 |

In Germany, the Union for the Promotion of Oil and Protein Plants (UFOP) updated and reissued its consumer information “Good Reasons for Biofuels”. The brochure provides the most important aspects on 24 pages justifying the need to continue promoting biofuels. These concern the desolate market situation in oilseeds and cereals, the importance of biofuels for […]

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