Items Tagged with 'vegetable oil'

Renewable diesel isn’t just the hottest biofuel on the market, it also is swiping a significant slice of corn ethanol’s share of the Renewable Fuel Standard, according to EPA.

Increases in wheat and corn prices kept the UN’s benchmark for global food costs largely unchanged in October after six straight months of declines.

FAO's gauge of global food prices fell for the fifth consecutive month in August, led by continued softening in wheat markets, but remained 7.9% above its level a year ago.

When the Russian military invasion cut off Ukraine’s ability to export sunflower oil and wheat, it helped push “a cascading food crisis around the world,” according to a spokeswoman for the U.S. Agency for U.S. Agency for International Development. Now Indonesia, which last week banned the export of palm oil, is exacerbating the conditions that are driving global shortages and price spikes of vegetable oil.

Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.

USDA increased its forecast for global wheat stocks despite the war in Ukraine but also cautioned that the Russian invasion had “significantly increased the uncertainty” of agricultural supplies and demand around the world.

Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.

In this opinion piece, Stephen Censky with the American Soybean Association discusses soybean oil as a food ingredient along with market conditions.