According to experts of the European Commission, the ongoing drought in Spain will lead to a twofold reduction in olive oil production in the region this year. It is reported by Reuters. […]
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Category: Policy & Business News
Canada Reduced Canola Processing in February
Oil extraction plants in Canada processed about 812 thousand tons of canola by the end of last month. Compared to the results of January this year, this indicator decreased by […]
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Poultry Meat Production Growth Estimated in Poland Amid Avian Influenza Risk
Poland’s poultry meat production growth is estimated at 1.5 percent in 2023, compared to 2022, the agriculture ministry reported. The risk of avian influenza remains high, the Chief Veterinary Inspectorate […]
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Indonesia in January Increased Palm Oil Exports by 7%
About 3 million tons of palm oil were sold from Indonesia to foreign markets in January 2023 – this is 7% higher than in December 2022 and 35% more than in January […]
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Cargill Works on New Technology for Fat Production
U.S. food company Cargill and Spain’s Cubiq Foods are working on a new fat technology to fit into plant-based meat and dairy products, where fats and oils help provide structure, […]
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Exports in Essential Oils, Sugar & Confectionary, Cereals Rose Most After India-Uae Partnership (CEPA)
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has led to a 70 percent year-on-year growth in exports of essential oils, resinoids, perfumery, and cosmetic preparations from India to UAE, from […]
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No Cheer for Commodity Exporters Despite Fall in Ocean Freight Rates
The sharp fall in global freight rates from a high of $18,000 to $750 in various sectors such as the US and Europe has not brought any cheer among businesses in export-import […]
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Lower Futures and China’s Surprise Purchase in Corn Market
Chicago Board of Trade Market News Outlook: May corn futures are 2 ½ cents (0.4 percent) lower this week as the corn market has remained largely range-bound despite somewhat volatile […]
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Palm Oil Production in Indonesia 2023/24 My May Be 46 Million Tons – FAS Usda
Palm oil production in Indonesia in the 2023/24 marketing year could grow by 3% from season to season and end up at about 46 million tons. This forecast was released […]
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$1.3 Billion Damage in the Agricultural Sector in Türkiye
The Strategy and Budget Presidency announced the financial losses caused by the earthquake disaster in its ‘Kahramanmaraş and Hatay Earthquakes Report’. The agricultural sector suffered great damage due to the […]
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