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The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) for January fell by 2.1 points, or 1.6%, to 124.9, down from its revised December level of 127.0, with declines in vegetable oils more than offsetting increases in cereals, the FAO announced on Friday, February 7.

EU oilseed crushing volumes rose by an average of 5.26% month on month in December, bringing the total crushing volume for the 2024 calendar year to 39.24 million tonnes, up 3.15% or 1.2 million tonnes of oilseeds year on year, according to data released by the EU association for vegetable oils and protein meals (FEDIOL) on Wednesday January 22.

China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil dropped in the week to Friday January 17, with an increase in rapeseed oil stocks outweighing a drop in palm oil volume while soybean oil stocks stayed flat, according to data from the China National Grain and Oils Information Centre (CNGOIC).

China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil rose in the week to Friday January 10, with an increase in rapeseed and palm oil stocks outweighing a drop in soybean oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).

China’s agriculture outlook committee (CAOC) has raised its estimates for the country’s corn production and lowered corn imports for 2024/25 in the latest Chinese Agricultural Supply and Demand Estimates (Casde) report released Friday January 10.

China’s combined stocks of its major vegoils soybean oil, palm oil and rapeseed oil fell in the week to Friday January 3, with the drop in soybean and palm oil stocks outweighing an increase in rapeseed oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).

The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) for December decreased by 0.5%, or 0.6 points, month on month in December from November’s 127.6 points, the FAO reported on Friday January 3.

China’s combined inventories of three major vegoils – soybean oil, palm oil and rapeseed oil – rose marginally in the week to Friday December 27, according to figures from the country's National Grain and Oils Information Center (CNGOIC)

India has bought more than 80,000 tonnes of soyoil from South America and the United States in the last days of 2024 amid a drop in soyoil prices that widened the gap with competing oils in India, sources told Fastmarkets.

China’s inventories of three major vegoils — soybean oil, palm oil and rapeseed oil — collectively fell to 1.9 million tonnes in the week to Friday December 20, 20,000 tonnes lower than the previous week’s 1.92 million tonnes, with declines in soybean and palm oil stocks, according to figures from the China National Grain and Oils and Information Centre (CNGOIC).

EU oilseed crushing volumes totaled 3.2 million tonnes in November, showing a slight decline of 1.4% from 3.277 million tonnes in October, according to data released by the EU vegetable oil and protein meal association, FEDIOL, on Thursday December 19.

A correction has been issued for this report.

China’s inventories of major vegetable oils – soybean, palm and rapeseed – saw a collective increase to 1.92 million tonnes in the week to Friday December 13, 10,000 tonnes week on week, with a rise in palm and rapeseed oil inventories outweighed the drop in soybean oil stocks, according to figures from the China National Grain and Oils Information Center (CNGOIC).

China imported an estimated 70,000 tonnes of wheat in November, according to data from the country’s General Administration of Customs (GACC) released on Wednesday December 18.

China’s inventories of soybean oil and palm oil continued to see a weekly decline in the week to Friday December 6, according to figures from the China National Grain and Oil Information Center (CNGOIC).

Futures across the soy complex in Chicago reacted mildly to the USDA World Agricultural Supply and Demand Estimates (WASDE) report released late in the session on Tuesday December 10, with little changes to global balance sheets and an anticipated increase in US soyoil export figures.

The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) increased by 0.6 points month on month in November, reaching 127.5 points, the FAO said on Friday, December 6.

China’s combined stocks of its three major vegetable oils soybean oil, palm oil and rapeseed oil saw an overall weekly drop in the week to Friday November 22, according to data from the China National Grain and Oils Information Centre (CNGOIC).

The progress of winter grain sowing in Ukraine increased by 2 percentage points in the week ended Monday November 18, reaching 98% complete with 5.06 million hectares sown out of the planned 5.18 million ha for the 2025/26 season, according to the Ministry of Agrarian Policy and Food.

China imported 250,000 tonnes of corn in October, down from 310,000 tonnes in September, figures from the country’s General Administration of Customs (GACC) showed on Monday November 18.