Vegetable oil prices showed growth
Vegetable oil prices showed growth. Between July 11 and 17, soybean oil prices on the Chicago Board rose by 2.73 cents to 56.22 USc/lb.
As for biofuels in the US, the July WASDE report increased the oil consumption estimate for biofuels by 11.5%, which affected prices. On July 1, Indonesia fully implemented the mandate to use B40 palm oil, which will remove an additional 1.2-1.7 M mt of palm oil from the global market and force consumers to switch to soybean and sunflower oils.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Black Sea Export Strategies Within the Pressure of the Global Food Market
American mill will buy wheat from Argentina because it is cheaper than local
Germany plans to import biomenthane from Ukraine
China pressures Iran to block Strait of Hormuz
First Food from Ukraine agrohub will be launched in Ghana
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon