The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) said. The FAO Food Price Index averaged 154.2 points in June 2022, down 2.3 percent from May. The Index, which tracks monthly changes in the international prices of a basket of […]
Global 2022/23 oilseed production is forecast at nearly 647 million tons, slightly lower compared to May, as reduced sunflowerseed in Ukraine and rapeseed in the European Union more than offset gains for soybeans in Ukraine and Zambia and rapeseed in Australia, the U.S. Department of Agriculture (USDA) said in its latest monthly report. Oilseed exports […]
Global food commodity prices rebounded rapidly in August after two consecutive months of decline, led by strong gains in the international price quotations for sugar, wheat and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 127.4 points in August, up 3.1 percent from July and […]
India, the world’s top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and may need to cut duties on the imports to soften the blow to the economy. Problems in the global production of key oilseeds coupled with rising biodiesel use […]
India received 9.1 mm rainfall, 58% above the normal weighted average of 5.8 mm, according to the India Meteorological Department (IMD). IMD says the further progress of the southwest monsoon over remaining parts of northwest India is likely to be slow owing to approaching mid-latitude westerlies winds, according to Geojit’s Tuesday report India’s vegetable oil […]
Global oilseed supplies for 2021/22 are projected to increase 3 percent from 2020/21 to 732.4 million tons, with higher prices incentivising an expansion of oilseed area and higher sunflowerseed production after the prior season’s yield-related declines, the U.S. Department of Agriculture (USDA) said in its latest forecast. “Global soybean production is forecast up 22.6 million […]
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level […]
Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in […]
India’s oilseeds production is set to rise by 4% to 39.9 million metric tonnes in 2021/22, according to the US Department of Agriculture. The rise in output will lead to an increase in oilmeal output by 2% to 18.8 million tonnes, leaving around 2.9 million tonnes for exports. India’s oilmeal exports increased by 129% in […]
Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 116.0 points in […]
