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 [...]

Food prices fell further in late 2018

FAO reports that its calendar 2018 food price index fell 3.5 percent from 2017. While the cereals index did rise 9.0 percent, it was the only component to make gains. Meat fell 2.2 percent; dairy, 2.6 percent; oils, 14.7 percent; and sugar, 21.9 percent. [...]

October biodiesel production near record

The U.S. produced 170 million gallons of biodiesel in October, up 4 percent from September and 1 million gallons shy of tying August’s record volume. Monthly production was up 15 percent from October 2017. Processors used 699 million pounds of soybean oil, up 21 [...]