In Kenya, the first cargo of vegetable oil for biorefining produced by Eni in Kenya has left the port of Mombasa, on its way to Gela’s biorefinery. This marks the start of the transport and logistic system that will support the value chain in the country, starting with a production of 2,500 tons by the […]
In Germany, UFOP reports that the spread of the coronavirus sent global prices of crude oil and vegetable oil on a downward spiral. Rapeseed oil most recently cost EUR 690 per tonne. This translates to a more than 18 per cent decline within one month. Soybean oil stood at EUR 605 per tonne, down just […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
