News
Alternative to the Strait of Hormuz: Saudi Arabia will transport goods by rail
10+ hour, 49+ min ago (391+ words) Saudi Arabian Railways (SAR) has launched a new freight route designed as an alternative to the Strait of Hormuz amid significant disruptions to maritime transport in the region. The initiative is a response to the blockade of a key global…...
Rising vegetable oil prices support sunseed prices in Ukraine
5+ hour, 26+ min ago (386+ words) The lack of progress in resolving the conflict in the Middle East is keeping oil prices high, leading to'a gradual increase in vegetable oil prices'due to increased demand from the biofuel industry. Trump's televised address to the nation today, in…...
India slashes vegetable oil imports as war dampens demand
19+ hour, 45+ min ago (292+ words) India, the world's largest importer of vegetable oils, is cutting purchases as the war in Iran drives up prices and triggers fuel shortages. The energy crunch is weighing heavily on the country's vast food-service sector, significantly reducing demand for edible…...
Vegetable oil prices began to rise amid the protracted war and high oil prices
1+ day, 11+ hour ago (398+ words) The prolongation of the US-Israeli war against Iran and the blockade of the Strait of Hormuz are keeping oil prices high and increasing demand for biofuels, which continues to push vegetable oil prices up. The nearest May Brent crude futures…...
Malaysia’s palm oil exports rose 42.7% in March
1+ day, 11+ hour ago (158+ words) The International Transport Shipping Agency (ITS) released estimates of Malaysia's palm oil exports, showing that shipments of tropical oil in March reached 1.64 million tonnes, up 42.7% from 1.15 million tonnes in February. The agency noted that the significant increase in exports may…...
Iran redirects grain imports to bypass the Strait of Hormuz
1+ day, 11+ hour ago (490+ words) Iran appears to be shifting import routes to secure key grains, ensuring it can bring in staple food supplies while the Strait of Hormuz remains effectively shut. Iran's Shahid Beheshti port in Chabahar, on the Gulf of Oman, has seen…...
Odesa port to cooperate with Europe’s largest port as memorandum signed
1+ day, 19+ hour ago (176+ words) The Odesa branch of the Ukrainian Sea Ports Authority has signed a Memorandum of Cooperation with Europe's largest port " the Port of Rotterdam " during the Dutch-Ukrainian intergovernmental conference held on March 30 in Breda. The announcement was made by the administration…...
Brazil diversifies its beef exports under Chinese quotas
1+ day, 16+ hour ago (217+ words) At the beginning of 2026, the Brazilian meat industry demonstrated strong growth, recording revenues of $2.865 billion in the first two months, up 39% year-on-year. This growth, driven by market diversification toward the United States, the European Union, and Russia, suggests the sector…...
Potato surplus in Europe reaches 3.3 mln tons, sending prices crashing
1+ day, 22+ hour ago (119+ words) The European potato market has come under pressure due to a record surplus in the 2025 harvest, which has led to a critical drop in prices. In some cases, farmers are even forced to pay extra for the sale of their…...
War in Iran pressures vegetable oil market in Bangladesh
2+ day, 7+ hour ago (155+ words) The war in Iran and escalating tensions in the Middle East are starting to impact the vegetable oil market in Bangladesh. The sector is facing supply disruptions and price volatility, leading to a 1520% decline in sales. A key factor is…...