Vegetable Oil Imports Up and Expected to Increase Further India’s oil year 2016/17 (November-October) ends soon with all vegetable oil imports in the past 11 months totaling 14.268 MMT, up 5.18 percent against 13.565 MMT during the same period of the previous year. This included 13.939 MMT of edible vegetable oil, up 3.92 percent versus 13.413 MMT during November 2015-September 2016 and possibly reaching 15.25 MMT for the entire year.The non-edible oil imports were also up 116 percent at 0.329 MMT against 0.152 MMT in the same period of 2015/16. Overall vegetable oil imports could touch 15.5 MMT for 2016/17 as they remain high at 1.2–1.3 MMT in October 2017.
The growth in vegetable oil imports has occurred despite the countr...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
