Global olive oil prices are rising sharply as a result of supply issues in Europe and the Mediterranean region. Grains & oilseeds analyst Vito Martielli signals the latest developments in key producing countries, while also taking a look at global demand, along with asking just what differentiates traditional and new consumer markets.Read more
The European Commission is currently discussing a proposal to lower blending of first-generation (i.e. food-crop) biofuels, from 7% in 2020 to 3.8% in 2030, and to scrap the 10% target for biofuel use in transportation. Although this may sound like a massive shift, Rabobank expects the impact on European grain & oilseed supply and demand to be small. For the European biofuel industry, however, it will mean a production setback.Read more
Global trade of all grains & oilseeds has grown by about 150 million tonnes in...