Significant Increase in Early 2024 Exports In the first five months of 2024, Kazakh processors exported 456,000 tons of oil products, marking a 39% increase compared to the same period […]
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Tag: oil
Outrage in China Over Cooking Oil Contamination Scandal
Revelations that cooking oil has been transported in containers previously used to carry fuel have sparked widespread outrage in China. This scandal highlights significant concerns about food safety in a […]
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Prices for Palm and Soybean Oils Decrease While Sunflower Oil Prices Continue to Rise
Palm Oil Prices Decline Amid Increased Production The global market for vegetable oils is seeing a significant shift, with a rise in the supply of palm and soybean oils restraining […]
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FAO Food Price Index Rises in May Despite Sugar and Vegetable Oil Price Declines
Overall Increase in FAO Food Price Index In May 2024, the FAO(Food and Agriculture Organization of the United Nations) Food Price Index (FFPI) reached 120.4 points, marking a 0.9% increase […]
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Oil Prices Dip 3% Amid Diminishing Israel-Iran Tensions
After a period of speculative surge driven by heightened tensions between Israel and Iran, oil prices have begun to retreat as Israel refrains from retaliatory measures. The market anticipates that […]
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Egyptian Gasc Procures Sunflower Oil at Premium Amidst Global Price Shifts
Egyptian GASC Tender Overview The Egyptian state operator, GASC, conducted an international tender on February 22 for the procurement of vegetable oils, amidst a backdrop of declining global prices. The […]
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Germany Leads Ukrainian Oilseed Imports, Romania Dominates in Vegetable Oils
In 2023, Germany emerged as the top importer of Ukrainian oilseeds, reclaiming its position from Romania. Meanwhile, Romania led in the import of Ukrainian vegetable oils, with significant shifts […]
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China Increases Sunflower Oil Imports, EU Cuts
China has almost tripled its imports of Ukrainian high-oleic sunflower oil in the current season, while the EU has reduced by 13%. According to operational data, exports of high oleic […]
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Malaysia’s Palm Oil Stocks Declined in November
In November, palm oil stocks in Malaysia decreased by more than 1% against October – to 2.42 million tons. Such data was released in the national MPOB (Malaysian Palm Oil […]
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