U.S. demand for palm oil continues to rise

U.S. refined palm oil imports were 155,389 MT in March, a 13-month high. (Total PO imports were higher in December 2019 than they were in March due to unusually strong imports of crude PO in December.) Use of refined palm oil in edible applications [...]

FAO Food Price Index down for a second month

FAO’s Food Price Index for March 2020 fell 4 percent from February (adjusted for inflation). The Price Index for March was still up 2.7 percent YOY, though that is the lowest monthly YOY increase in seven months. For 2020 to date, the Food Price [...]

Mixed moves in February for Food Price Indexes

For February, FAO is reporting its overall Food Price Index (inflation adjusted) down 1.0 percent from January 2020, though still up 8.1 percent from February 2019. Year on year, the individual subindexes are up by high single digits or higher. The one exception is [...]

Sunflower oil stocks find new, lower average

After a significant spike in 2018, U.S. stocks of once-refined sunflower oil in 2019 found a new, lower monthly comfort zone around 21.5 million pounds. For comparison, monthly refined oil stocks in 2016 averaged 38.9 million pounds, 48.7 million in 2017, and 57.9 million [...]

2019 biodiesel production down 7 percent YOY

U.S. biodiesel producers manufactured 1.73 billion gallons in 2019, down from 1.86 billion in 2018. Production was lower YOY during eight months of the year and dipped sharply during Q4. December biodiesel production was 133 million gallons, up 5 percent from November but down [...]

Growth for most food price indexes at close of 2019

In December 2019, the FAO Food Price Index (FFPI) saw growth of 12.5 percent YOY (all figures adjusted for inflation). The FFPI saw YOY in the seven months from July through December, allowing the index to close 2019 down just 0.2 percent YOY. Of [...]

Will Nov/Dec biodiesel production hold steady?

EIA data for October show biodiesel production was 144 million gallons, up slightly from September but down 16 percent from October 2018, when production set new records right and left. This year, monthly production fell below 2018’s numbers starting in June and fell below [...]

2019/20 October soybean crush breaks record

NOPA members crushed 175.4 million bushels of soybeans in October, up 2 percent from October 2018, the previous record holder. Soybean oil yield fell to 11.57 pounds per bushel in October, compared to 11.71 pounds a year ago, but the high volume of crush [...]

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