More palm oil production expected in Latin America

In response to global concern about the loss of tropical rainforests, Malaysia has promised to limit its palm plantations to a total of 6 million hectares. Malaysia will also work to certify all domestic production as sustainable by the end of 2019. Now that [...]

FAO Sugar Price Index finally showing gains?

After falling 2.8 percent in 2018, FAO’s Food Price Index (FFPI) is down 2.7 percent YOY for the first four months of 2019. (The index, adjusted for inflation, uses as baseline food price data from 2002 through 2004.) Looking at monthly data, April 2019 [...]

Trouble with China triggers decline in Canadian canola acreage

Canada is projecting new-crop canola plantings at 21.3 million acres, down 7 percent from 2018/19 and the lowest level in three years. The industry had expected some reduction, but it was a bit more extensive than expectations. Many growers are shifting acreage to wheat—spring [...]

Slowdown in corn oil production

Crude edible corn oil production in December—182.6 million pounds—was up 4 percent from November but down 7 percent from December 2017. Cumulative crude corn oil production totaled 2.1 billion pounds in 2018, down 10 percent from 2017. Processors used 202.9 million pounds of crude [...]

Food prices in most categories down year on year in January

Per FAO, the Food Price Index for January was down 2.2 percent year on year (YOY), marking the eighth consecutive month of YOY declines. January’s Oils Price Index saw a double-digit drop, down 19.6 percent YOY, while the Sugar Price Index was down 9.0 [...]

Come join us for our Spring Market Seminar on April 24, 2019!

Consumer Trends: How changes in consumer behavior impact the ingredients you buy Across the news, lifestyle magazines, and social media, every window we have into the wider world highlights a shift in our taste for what we eat and drink. We could well [...]

EU to restrict palm-oil-derived biodiesel

A new EU law would limit the use of biodiesel derived from certain feedstocks to current volumes through 2023 but then zero out their use by 2030. Palm oil is one of the affected feedstocks because of its link to deforestation. Reuters reports that [...]

Is the growth in biodiesel production reaching a plateau?

November biodiesel production showed the lowest year-over-year increase of 2018 to date, with the month’s 159 million gallons up just 7 percent from November 2017. Cumulative 11-month production was up 16 percent from the year before. Manufacturers used 704 million pounds of soybean oil [...]