You are here

Tag: Oilseeds & Edible oil

Early-season frost damage, elevated late-season temperatures could impact India’s rapeseed mustard crop quality; USDA

INDIA- According to a Rapeseed-Mustard Sowing Update by USDA staff, the quality of India’s crops in 2023 is likely to suffer, thanks to early-season frost damage and elevated late-season temperatures.  Rapeseed (Brassica campestris) and Mustard (Brassica juncea) are primary winter oilseed crops in India, grown in the Rabi season, from September-October to February-March.  These are the third most important edible…

Read More

Algeria turns to sunflower to shore up vegetable oil supply as Tanzania rests its hope on palm oil

ALGERIA – Algeria is planning to plant 45,000 hectares under sunflowers as part of sunflower production campaign aimed at improving local supply and shielding the country from erratic and expensive imports. The initiative was announced by Mohamed Haroun, a member of the Confederation of Algerian Industrialists and Producers (CIPA), ahead of 2023 sunflower production campaign 2023to be launched this month.…

Read More

Soy oil demand drives Brazillian soybean crush forecast to 51.5 MMT: USDA

BRAZIL- Domestic demand for soy oil drove the Brazillian soybean crush forecast to 51.5 million metric tons (MMT) for 2022/23, according to the United States Department of Agriculture (USDA).  The USDA raised its projection for Brazil’s domestic soybean oil consumption to 7.83 MMT in MY 2022-23, from 7.5 million in the previous year. From the projected soybean crush, the forecast…

Read More

Inadequate sunflower seed imports could hamper Russian production in 2023

RUSSIA- Inadequate sunflower seed imports from major seed suppliers could jeopardize Russia’s production in 2023.  According to the Russian National Seed Alliance’s (NSA) appeal to the Russian government, various major seed suppliers are trying to create “an artificial hype” for their products and influence the country’s food market.  Russian farms are complaining that some foreign suppliers of sunflower seeds, including…

Read More

Tunisia to raise rapeseed hectarage to 140,000 by 2030 in push to diversify edible oil sources

TUNISIA – Tunisia is planning to increase the cultivated area of rapeseed to 140,000 hectares from the current 15,000 hectares over the next 7 years to boost local supply.  The ambitious rapeseed development strategy is being spearheaded by the Tunisian Union of Agriculture and Fisheries (UTAP) in partnership with Carthage Grains. Tunisia is the largest producer of olive oil outside…

Read More

Tanzania bets on local palm oil production to slash US$210 edible oil import bill

TANZANIA – Tanzanian prime minister Kassim Majaliwa has advocated for boosting the cultivation and production of palm oil in a bid to halt the importation cost of edible oil which costs the country TSH470bn (US$201M) every year. Giving the directive, Kassim directed the Regional Commissioners (RCs), District Commissioners (DCs), and leaders of political parties to use their platforms in promoting…

Read More

Ethiopia’s revenues from oilseeds, grains export rises to US$250M in seven months

ETHIOPIA – Ethiopia continues to thrive in agricultural trade as the country earned more than US$250M from oilseeds and grains export in the past seven months, the Ministry of Trade and Regional Integration has disclosed. Oilseeds are the third most important export item in Ethiopian foreign trade with three major oilseed crops (sesame, soybean, and niger seed) contributing to nearly 20% of…

Read More

Indonesian government restricts palm oil exports to secure local supplies amid crisis

INDONESIA- To curb the inadequate supply of cooking oil in the country, palm oil exporters will only export 6 times the volume they sell domestically instead of the 8 times ratio previously in place.  Indonesia is the world’s largest palm oil producer, yet the country has been experiencing a palm oil availability crisis, causing the government to take serious measures…

Read More

Kenya to boost edible oil production to offset US$716M import burden

KENYA – The government of Kenya is planning to stimulate domestic oil crop production from 5% to 25%, in a bid to reduce the country’s heavy reliance on imports hitting over KS 90 billion (US$716M). According to the Budget Policy Statement released on February 15, edible oils, primarily palm oil, are the second largest import item after petroleum. The country’s…

Read More

Adani Wilmer forecasts high-double digits in edible oils sales for quarter three

INDIA-Adani Wilmar, a leading packaged food company in India, is foresting increased sales for edible oils in the third quarter following high demand during the festive season coupled with increasing out-of-home consumption. Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore’s Wilmar Group, offers most of the essential kitchen commodities including edible oil, wheat flour, rice, pulses,…

Read More