According to USDA’s Foreign Ag Service, the U.S. exported a total of 678,426 MT (1.496 billion pounds) of soybean oil during the 2021/22 marketing year, up 2,815 MT from the season before. Of the season’s top destinations for U.S. soybean oil, 24 percent of [...]
Next April, some Indian gas stations will begin retailing gasoline with a 20-percent ethanol blend, per the Business Standard. India is estimated to be the fifth-largest manufacturer of ethanol. The Modi administration has pursued bioethanol fuel use aggressively for several years to increase the [...]
As the 2021/22 marketing year wraps up for wheat, the U.S. has not seen an increase in export sales, leading USDA to trim the season projection by 15 million bushels in today’s WASDE report. Now estimated at 785 million bushels, 2021/22 wheat exports are [...]
In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]
The U.S. imported close to 24,700 MT of honey in July, raising the 2021 cumulative total to 130,918 MT, up 19 percent year on year. Top supplier Vietnam accounted for 25 percent of July’s volume and 19 percent of the year-to-date figure. On the [...]
Adjusted for inflation, the FAO Food Price Index (FPI) was up 2 percent from March, up slightly from the 12-month average growth of 1.7 percent. This increase was supported by robust gains for the sugar, meat, and oils subindexes, although every category appreciated in [...]
The continued recovery in global vanilla production, along with improved quality of 2019/20 beans, has brought prices below half their peak, near $600, seen a few seasons ago. Madagascar’s government has set a price floor of $250 kg for its vanilla beans, and the [...]
FAO reported the February Food Price Index (inflation adjusted) up almost 15 percent from January. The index saw gains for nine straight months and is now at its highest point since 2011. Every single subindex gained in February, with the strongest gains seen for [...]
