Oil & Fats insights

Production, trade and prices of livestock products in major countries (I) Pork In terms of production, the US pork production in December was 1.052 million tons, down 1.8% year-on-year; the pork production from January to December was 12.552 million tons, up 1.7% year-on-year. In terms of trade, in December, US pork exports increased year-on-year, while Brazilian pork exports decreased year-on-year. From the US, pork exports in December were 293,000 tons, up 0.3% year-on-year. Among them, exports to China were 21,000 tons, up 58.2% year-on-year. From January to December, pork exports were 3.227 million tons, up 4.4% year-on-year. Among them, exports to China were 209,000 tons, down 8.9% year-on-year. From Brazil, pork exports in December were 107,000 tons, down 1.4% year-on-year. Among them, exports to China were 20,000 tons, down 25.1% year-on-year. From January to December, pork exports were 1.309 million tons, up 8.9% year-on-year. Among them, exports to China were 239,000 ...

Vegetable oil prices rose over February 7-13. During the week the palm oil price increased by USD 27.00 to 1089.00 USD/t. The vegetable oil market was influenced by crude oil prices. In addition, palm oil exporters are closely monitoring the ceasefire negotiations between Ukraine and russia. More detailed information on the latest trends in oilseeds/vegoils

Local vegetable sellers in Magway revealed that it is currently the vegetable harvest season. The supply of major vegetable varieties such as tomatoes, cauliflower, cabbage, onions, carrots, and mustard has increased significantly, and prices have continued to fall. These local vegetables are mainly supplied to the markets in Magway City and surrounding towns. The Magway region, especially the major vegetable producing areas such as Minwu, Sagu, and Xinbiaozun on the west bank of the Irrawaddy River, currently has sufficient production. Industry insiders predict that the peak season for vegetable supply will last until around March. Compared with the same period last year, vegetable prices this year have generally shown a downward trend, among which the price of tomatoes has fallen most significantly. Sellers said that if local vegetable production is insufficient, they usually purchase vegetables from Shan State and other regions to meet market demand.