Vegetable oil markets to continue its bull run in the first half of 2022: Athena Tradewinds

The bullish prospects for vegetable oil prices will show no sign of abating in 2022, Vivek Pathak, managing director of Athena Tradewinds, an India-based trading house predominantly dealing in sunflower oil, told S&P Global Platts in an interview. “We have seen the highs for this current year, but prices in 2022 will surpass current levels […]

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Despite higher production of vegetable oils, India still likely to import 133 lakh tonnes of veg oils this year

India produced 93.18 lakh tonnes of vegetable oils in 2020-21 (November-October), as against 85.38 lakh tonnes and 76.87 lakh tonnes in the previous two years. But despite this record output, the industry body Solvent Extractors’ Association of India estimates the country will end up importing some 133 lakh tonnes, from the 155.49 lakh tonnes of […]

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Cereals, vegetable oils and dairy drive global food prices lower for second straight month

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Global food commodity prices fell in July for the second consecutive month, according to a benchmark United Nations report released on Thursday. The FAO Food Price Index averaged 123.0 points in July 2021, 1.2 percent lower than the previous month although still 31.0 percent higher than its level in the same period of 2020. The index tracks […]

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India’s vegetable oil imports down by 2% in November 2020 to 11.02 lakh tonnes: SEA

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India’s vegetable oil imports fell by 2 per cent in November to 11.02 lakh tonnes due to a sharp decline in inward shipments of refined palm oil, according to industry data. The marketing year for vegetable oils (edible and non-edible oils) runs from November to October. “Import of vegetable oils during November 2020 is reported […]

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Global food commodities index rises as prices of several staples reach multi-month highs

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The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]

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Meat products and vegetable oils push global food prices to 26-month high in November

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World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]

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