Market updates on vegetable oils with up-to-date price trends
Oils
Nov 27, 2024

Olive oil: production to increase by almost 160%

IZMIR. Experts forecast a massive increase in yields in Turkey. This should also lead to a significant increase in olive oil production. However, the high price level is unlikely to be maintained.
Oils
Oct 23, 2024

Olive oil: harvest starts earlier

IZMIR. Higher prices pushed the export value of Turkish table olives to a new record in the 2023/2024 season. Due to the good prospects for the 2024 crop, market players set even bigger targets for the new season.
Oils
Sep 18, 2024

Olive oil: export restrictions lifted

IZMIR. The Turkish olive oil sector can breathe a sigh of relief. With the prospect of a global increase in production, the restrictions on Turkish olive oil exports have been lifted ahead of schedule.
Oils
Aug 14, 2024

Olive oil: Turkey may seize on EU price decline

IZMIR. Although price declines in a key export market would normally cause alarm in a producing country, this may spell good news for Turkey's olive oil exporters. EU consumers will, however, need to be very patient. Turkey's table olive exports have surged in value.
Oils
Jul 24, 2024

Olive oil: crop forecasts at the end of September

IZMIR. In Turkey, the 2024/2025 season is expected to bring a record olive oil crop. Olive oil exports could also reach a new high – if the restrictions are lifted.
Oils
Jun 12, 2024

Olive oil: record production despite export restrictions

IZMIR. Turkey is reckoning with a record olive oil production this year. Liftings of the current export ban could pave the way for a successful export season.
Oils
May 7, 2024

Olive oil: massive slump in exports

IZMIR. In order to promote exports of olive oil in smaller packaging units, Turkey restricted exports of large containers last summer. The Aegean Olive and Olive Oil Exporters Association (EZZİB) is taking stock of the situation.
Oils
Mar 20, 2024

Olive oil: export restrictions prompt supply glut

IZMIR. Turkey's export restrictions for olive oil failed to produce the desired effect, producers and traders are instead confronted with unpleasant consequences.
Oils
Jan 24, 2024

Olive oil: massive price increases expected

IZMIR. Prices for Turkish olives and olive oil have already tripled year-on-year, and market experts forecast further significant increases. The main reason for this is the decline in production in the growing countries.
Oils
Dec 14, 2023

Olive oil: prices have risen 14-fold

IZMIR. Declining production results and a high inflation rate are causing the price of Turkish olive oil to increase. There is no end in sight for the time being. Experts are also sceptical about the yield potential for the coming year.
Oils
Nov 15, 2023

Olive oil: price surge exceeds 250%

IZMIR. Tariş Olive and Olive Oil Association has finally anounced the purchasing price for 2023/2024. Production will sharply decline again in Turkey this year.
Oils
Oct 18, 2023

Olive oil: Turkey extends export ban

IZMIR. Turkey has extended the export ban for olive oil, which was initially set to expired on 31 October. Although the industry took a hit, the export of value-added products is highly attractive.
Oils
Sep 20, 2023

Olive oil: prices have doubled

IZMIR. Although Turkey's Ministry of Trade banned olive oil exports in the final quarter of 2022/2023, shipments range much higher than last year. Prices have, in addition, more than doubled.
Oils
Aug 7, 2023

Olive oil: shock for exporters in Turkey

IZMIR. Turkey's Ministry of Trade has issued a temporary export ban for olive oil to combat high prices in the domestic market. Although this has frequently happened in recent years, exporters have been taken by surprise this time round.
Oils
Jul 26, 2023

Olives: massive yield losses

ANKARA. Turkish olive growers expect their yields to be significantly lower this year than in 2022. At the same time, prices have already risen to a record high due to various factors.
Oils
Jun 5, 2023

Olives: time for payback

ANKARA. Turkey has invested a lot of time, effort and resources in cultivating olives in the past twenty years, which is now paying off. The country's olive and olive oil production is certainly generating high revenues.
Oils
Apr 19, 2023

Olives: Turkish oil exports up by more than 150%

ANKARA. Turkey has managed to work its way to the top of the world's producers of table olives. Experts are also pinning high hopes on the export of olive oil, which has already increased significantly in the first months of this year.
Oils
Nov 23, 2022

Olives: Turkey breaks all records

ANKARA. Turkey has succeeded in becoming the world's second largest olive oil producer after Spain and the leading produced for table olives. The country is on track to boost production and exports.
Company News
Sep 2, 2022

Oilseeds: food security issues

BRUSSELS. While lockdowns in China are slowing demand, some oilseed exports from Ukraine to the EU have picked up sharply since July. Much, however, remains to be done to improve exports from Ukraine, one idea that is being floated is a pipeline for vegetable oils.
Oils
May 18, 2021

Oilseeds daily: China's meat production is developing well

CHICAGO/HAMBURG. Market and price trends with trade assessments. China's meat supply is rising, but prices are declining. For rapeseed and canola, the market is doing a balancing act between the old and the new crop.
Oils
Apr 28, 2021

Oilseeds daily: soy complex declines significantly

CHICAGO/HAMBURG. Market and price trends with trade assessments. The oilseed market is very volatile, but with significant price corrections for the new crop. Sunflower oil decreases because it is too expensive.
Oils
Mar 31, 2021

Oilseeds daily: oil applies strong pressure

CHICAGO/HAMBURG. Market and price trends with trade assessments. The entire oilseed complex is coming under noticeable pressure, while Russia's export tax on sunflower seeds raises questions.
Oils
Mar 8, 2021

Oilseeds daily: crude oil pushes prices upwards

CHICAGO/HAMBURG. Market and price trends with trade assessments. The oilseed market is showing spectacular price increases.
Oils
Jan 19, 2021

Oilseeds daily: Brazil's logistics in focus

CHICAGO/HAMBURG. Market and price trends with trade assessments. The US soybean market starts with price losses. Brazil could provide some surprises before the end of January. Vegetable oils decline.
Oils
Oct 20, 2020

Oilseeds daily: rain to turn tables in Brazil

CHICAGO/HAMBURG. While much depends on exports for US soybeans, the rapeseed market is taking its cues from edible oils.
Oils
Sep 18, 2020

Oilseeds daily: export boom for US soybeans

CHICAGO/HAMBURG. Rumours over China have caused a stir in the soybean market. A turn in prices has been observed in Europe's rapeseed market.
Oils
Sep 10, 2020

Oilseeds daily: US soybeans drift high and delays in Canada

CHICAGO/HAMBURG. As the market is waiting for the new WASDE report to be issued on Friday soybean futures are trading higher in Chicago. Meanwhile. delays have been reported in Canada's canola harvest.
Oils
Aug 26, 2020

Oilseeds: Trump and Xi truce impacts soybean market

CHICAGO/HAMBURG. China and the US have agreed to push forward with the phase one deal amid soaring tensions. This has impacted US soybeans. Europe has, meanwhile, stepped up rapeseed imports.
Oils
Aug 24, 2020

Oilseeds daily: US soybean yields to range lower than expected

CHICAGO/HAMBURG. US soybean yields are to range lower than anticipated by the USDA and the Trump administration has refused to meet with China over the phase one deal. Oil mills in Europe will be confronted with a more limited supply of non-GMO rapeseed.
Oils
Jul 30, 2020

Oilseeds daily: Rabobank raises estimates for Brazil's soybean crop

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 29, 2020

Oilseeds daily: new customs data from China

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 17, 2020

Oilseeds daily: China steps up imports

CHICAGO/HAMBURG. While China is stepping up on soybean imports, concerns are being voiced in Europe over the quality of the rapeseed crop.
Oils
Jul 15, 2020

Oilseeds daily: surprising twist in prices

CHICAGO/HAMBURG. While political conflicts with China appear to be escalating, soybean shipments to the People's Republic have risen sharply in June. By contrast, rapeseed shipments to the EU are down and prices have taken a surprising turn in the physical market.
Oils
Jul 14, 2020

Oilseeds daily: prices for soymeal decline

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 9, 2020

Oilseeds daily: Europe to import record rapeseed volumes

CHICAGO/HAMBURG. Uncertainty over China is growing in the US soybean market. Lithuania has notably stepped up rapeseed production and Europe is gearing up for record rapeseed imports.
Oils
Jul 6, 2020

Oilseeds daily: low supplies in Brazil

CHICAGO/HAMBURG. Market and price trends with first estimates of the trade, including additional information on the market situation in Ukraine and Canada.
Oils
Jun 29, 2020

Oilseeds daily: phase one deal dismissed as farce

CHICAGO/HAMBURG. John Bolton's scathing memoir on President Donald Trump vividly illustrates how egocentric Trump's approach to China is. Politcal experts uniformly agree that the phase one deal with China is a farce designed to boost voting for Trump in his electoral campaign. Market players are, meanwhile, puzzled by the persistently high prices for sunflower oil.
Oils
Jun 25, 2020

Soybeans: traders deride China's request for virus-free cargoes

HAMBURG/CHICAGO. Following closer inspections on frozen meat and fruit imports, customs officials in China are now demanding soybean exporters in the US, Brazil and Canada to provide documents guaranteeing that cargoes are free of Covid-19 contamination. The move has mainly sparked confusion in the market.
Oils
Jun 17, 2020

Oilseeds daily: controversies in Russia

HAMBURG/CHICAGO. While soybean futures have recently lost ground in Chicago and rapeseed futures in Paris, leaked documents reveal that Russia intends to triple export tariffs on sunflower seeds. Meanwhile, Trump's USD 1 trillion infrastrutuce plan weighs on the euro.
Oils
Jun 16, 2020

Rapeseed: rapeseed oil follows last year's traces

HAMBURG. The markets for canola and rapeseed developed slightly stronger. Support came from crude oil, as the Trump government plans to pump a massive infrastructure package of almost one billion US dollars into the US market by October, which also pulled crude oil up. It is interesting to compare rapeseed oil prices with last year.
Oils
Jun 15, 2020

Soybeans: export euphoria subsides

CHICAGO. In the USA, the trade was able to achieve quite acceptable export results to China in the last two weeks. Beijing also added to its exports of US soy imports today. However, Brazil's real is already showing signs of weakness again, which could put a strain on the competitiveness of US soybeans. Brazil's economy is suffering from extremely high new Covid-19 infections. The resurgence of new coronavirus cases in China and a weaker recovery of Chinese industrial production in May have again worsened the export prospects for soybeans.
Oils
Jun 4, 2020

Soybeans: US exports benefit from weak US dollar

CHICAGO. The US soybean market continued yesterday's price increase. US soybeans are cheaper than South American origins. China continued its shopping spree in the USA as well. Now it remains to be seen how the Hong Kong conflict between the US and China will affect Beijing's continued soybean demand in the US. Western European importers continue to benefit from the higher euro exchange rate.
Oils
May 25, 2020

Soybeans: Brazil expands Northern Arc

CHICAGO. The US soybean market was under the influence of political tensions between the USA and China, with the autonomy of Hong Kong at stake, which drove the dollar and crude oil exchange rate. In the US, stock exchanges will remain closed today due to the Memorial Day holiday. The Itaipu Dam was opened to raise the low water level of the Parana River. In Brazil, the expansion of the so-called Northern Arc is underway.
Oils
May 18, 2020

Soybeans: COFKO dampens import expectations

CHICAGO. The US soybean market gained some ground again. Good results in the NOPA report and the US soybean export control system provided a boost to the market. The market was also supported by the renewed increase in demand for pork. China's soybean warehouses appear to be filling up more and more, so that imports there could collapse somewhat over the summer months. Argentina has massive logistical problems due to low water levels on the Parana River.
Grains
May 13, 2020

WASDE report: wheat, corn, soy - all crops are increasing

WASHINGTON. The USDA announced the new forecasts for the old and upcoming world crops of wheat, corn and soybeans in the WASDE report.
Oils
May 12, 2020

Soybeans: growing concern over slaughterhouse closures

CHICAGO. The US soybean market continued to grow. China continues to buy US soybeans. The WASDE report is eagerly awaited as it provides initial estimates of the new crop. The area sown for the US soybean crop is likely to be expanded by up to 10%, according to retailers. In Germany, the price trend for pork also caused the animal feed sector to get a little out of control. Westfleisch in Coesfeld will remain closed for the time being due to Covid-19.
Oils
May 5, 2020

Soybeans: Brazil sets new export record

CHICAGO. On the US soybean market there is still great uncertainty about how strongly the corona crisis will restrict demand for animal feed. The Trump government is apparently planning new punitive tariffs for China.
Oils
Apr 22, 2020

Soybeans: slight upward price impulses

CHICAGO. The US soybean market surprised with higher quotations for beans, meal and oil. President Donald Trump wants to support the US oil industry with billions in government aid. China finally bought soybeans from the United States. First slaughterhouses reopen since closing two weeks ago. In Western Europe, softening pig prices could weigh on the soybean market.