Food Price Index finally ticks higher

FAO reported its Food Price Index appreciated by just 0.2 percent YOY in June, the first monthly YOY increase in 21 months. (Note: These figures are adjusted for inflation.) The increase comes courtesy of gains in three of the five subindexes: The Meat, Cereals, [...]

Pongamia may be good oilseed crop for Florida

California-based TerViva has patented high-yielding pongamia trees that can yield up to ten times more oil and three times more protein per acre compared to soybeans (according to the TerViva research). Also, these trees require little to moderate amounts of water, fertilizer, pesticides, and [...]

U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]

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 [...]