Oils and fats price movements on global exchanges, futures, weekly outlooks and food price indices.
Canada's August canola crush hit 1.24M tonnes, up 42.5% YoY, the second-largest monthly record, while canola oil output surged 44.5% to 530,654 tonnes.
Bloomberg survey forecasts a 3% drop in Indonesia-Malaysia palm oil output for 2027 due to El Niño, with prices potentially targeting 5,000 ringgit/ton.
Italian olive oil output rebounds to 325,000 tonnes in 2025-26, up 31% YoY, while new 340M-euro financing pipeline targets the sector through 2030.
Global oilseed production is set to rise only 14.1 million tons to 705.9 million tons in 2026/27, the smallest gain in five years, Oil World reports.
United Malacca's Q1 net profit fell 15.8% to RM31.8M as Malaysian EBITDA dropped 39%, while Indonesian operations surged to RM24.4M from RM9.3M.
India cuts import duties on crude and refined palm, soybean and sunflower oils, with IVPA expecting lower retail prices ahead of the festive season.
Private Chinese crushers purchase 68,000 tonnes of Australian canola at $730/t C&F, marking the first such deals since 2020 trade halt.
Bangladesh edible oil traders push for steeper hikes as approved increases cover less than a third of proposals while global prices stay 25-29% above 2025.
Global vegetable oil markets slide on rising palm, sunflower and rapeseed supply and weaker crude oil. Chicago soy oil futures fell 3.5% to $1,498/t.
India eliminates basic customs duty on crude sunflower oil and slashes import duties on soybean and palm oils, easing pressure ahead of the festive season.
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