Tag: vegetable oil

Where is NEXT Renewable Fuels going next and why we want them as a neighbor

Where is NEXT Renewable Fuels going next and why we want them as a neighbor

June 9, 2019 |

            NEXT Renewable Fuels, Inc. is leading the way in turning recycled organic materials, like used cooking oil – white and brown grease, animal tallow and a variety of vegetable oils – into renewable transportation fuels, like second-generation advanced green diesel and other products, with their Oregon facility. Representing an […]

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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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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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Vegetable oil production projected to reach a new high

Vegetable oil production projected to reach a new high

February 25, 2018 |

In Germany, UFOP reports that the U.S. Department of Agriculture expects global vegetable oil production to hit a new record at 197 million tons in 2017/18. The increase in palm oil, but also soybean oil production will be particularly sharp. According to the USDA forecast, 2017/18 world vegetable oil production will probably go up more […]

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Rapeseed and wheat worth less than fuel oil?

Rapeseed and wheat worth less than fuel oil?

February 3, 2018 |

In Germany, UFOP responds to the vegetable oil price index of the Food and Agriculture Organization of the United Nations which fell to a five-month low in December 2017, primarily driven by weaker prices for palm, rapeseed and soybean oil. UFOP said that in Germany, “wheat and other produce are valued at less than fuel […]

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Vegetable oil prices decline to 5-month low

Vegetable oil prices decline to 5-month low

January 21, 2018 |

In Italy, the Food and Agriculture Organization of the United Nations reports that the vegetable oil price index fell to a five-month low in December 2017. FAO’s price indices for oilseeds and vegetable oils fell by, respectively, 2.2 and 9.6 points (or 1.5 and 5.6 percent), whereas the oilmeal index rebounded by 7.0 points (or […]

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Palm oil beat down vegetable oil prices

Palm oil beat down vegetable oil prices

December 8, 2017 |

In Germany, UFOP reports that palm oil prices weakened considerably over the past few weeks, pulling down vegetable oil prices as well. Pressure came from prices in Kuala Lumpur, where palm oil was recently traded at the lowest level since August 2016. Falling exports, sluggish demand, rising production and storage quantities, and also recent import […]

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Vegetable oil prices see increases – rapeseed up 15%, palm up 14%, soybean up 6%

Vegetable oil prices see increases – rapeseed up 15%, palm up 14%, soybean up 6%

November 19, 2017 |

In Germany, UFOP reports that vegetable oil prices recently showed a firmer trend and that rising demand and a weaker euro led to a rise in asking prices. Following the weakness in crude oil prices in the first half year of 2017, OPEC’s cap on production and political crises in the Middle East had their […]

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Vegetable oil prices on the rise

Vegetable oil prices on the rise

October 28, 2017 |

In Germany, UFOP reports that the vegetable oil price index of the Food and Agriculture Organization of the United Nations (FAO) rose to a seven-month high in September 2017. Above all, the firmer prices for palm and soybean oil contributed to the surge. Asking prices for vegetable oils firmed significantly in the third quarter of […]

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Vegetable oil use in agriculture and tractors analyzed by OWI

Vegetable oil use in agriculture and tractors analyzed by OWI

October 14, 2017 |

In Germany, OWI reports that in agriculture, widening the use of vegetable oil as fuel in tractors could contribute to greater sustainability and climate protection within the framework of a resource-conserving bioeconomy. However, the compatibility of fuel-carrying components with vegetable oil fuel must be tested in order to ensure the operational safety and life of […]

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