Reading Time: < 1 minute Palm oil production in Indonesia is expected to rise in 2025/26 to 47 million tonnes, according to the United States Department of Agriculture attache in Jakarta. Such would be a 1.50 million-tonne increase from the attache's estimate of 45.50 million tonnes produced in 2024/25.
Improved yields to increase Indonesia palm oil output
Accounts for more than half of global production
ICE Weekly: Malaysian palm oil supports canola prices
Reading Time: < 1 minute Rising Malaysian palm oil prices gave canola prices a lift during the week ended Oct. 30, 2024.
Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says
Decrease in available palm oil would be ‘catastrophic’ for global consumers, analyst says
Reading Time: 2 minutes Implementation of higher biodiesel mandates in Indonesia, the world's biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Indonesia currently has a mandatory 35 per cent blend of palm oil-based fuel in biodiesel and is seeking to ramp up to biodiesel containing 40 per cent palm oil to cut its energy imports.
Malaysia to produce less palm oil – USDA attaché
Reading Time: 2 minutes Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.
ICE weekly outlook: New-crop November canola set to step back
StatCan not expected to sway futures much
Reading Time: < 1 minute MarketsFarm — There is presently little upside to new-crop November canola on ICE Futures, according to analyst Errol Anderson of ProMarket Communications in Calgary. Anderson pointed to losses in Malaysian palm oil and weakness in China’s soymeal market as weighing on ICE canola values, with more pressure coming out of South America. “The [soybean] production […] Read more
USDA’s Indonesia desk predicts increased palm oil production
An El Nino event could weigh on that outlook
Reading Time: < 1 minute MarketsFarm — Indonesia, the world’s largest producer of palm oil, is forecast to see a three per cent rise in production in 2023-24, according to the U.S. Department of Agriculture’s Foreign Agricultural Service post in Jakarta. The country’s USDA post anticipates 46 million tonnes of palm oil production, which would be up from 44.7 during […] Read more
ICE weekly outlook: Canola likely rangebound until spring
Reading Time: 2 minutes MarketsFarm — Unless something very dramatic were to happen in the coming weeks, canola futures on the ICE Futures platform will remain rangebound at least until spring, according to David Derwin, analyst with PI Financial in Winnipeg. “Canola has been very rangebound for the last six to seven months,” he said, noting downward fluctuations during […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
Reading Time: 2 minutes MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
ICE weekly outlook: Canola books steep rise in prices
Reading Time: 2 minutes MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more
U.S. grains: Soyoil futures rally to record high
Corn hits highest since August 2012
Reading Time: 2 minutes Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
A message from April Stewart, Country Guide's Associate Editor
