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Showing posts with label Palm Oil. Show all posts
Showing posts with label Palm Oil. Show all posts

Thursday, May 5, 2016

Palm oil keeps global food price trending in April

The Food and Agriculture Organisation (FAO) has said that its latest founding shows that palm oil keeps global food price trending in the month of April 2016, reports NaijaAgroNet.

Just as NaijaAgroNet gathered that its updated global cereal harvest forecast points to stable markets for key staples, which also rose in April, marking its third consecutive monthly increase after four years of decline.

Also, NaijaAgroNet reports that the FAO Food Price Index averaged 151.8 points in April, a 0.7 per cent increase from March, which is about 10 per cent below its level a year ago and more than a third off its 2011 highs.

The gradual increase, FAO said, is far from even across the board, adding that April's increase was driven by palm oil prices and, in a minor key, cereals, while sugar prices tapered down after a strong increase in March.

The FAO Food Price Index is a trade-weighted index tracking international market prices for five key commodity groups, namely the major cereals, vegetable oils, dairy, meat and sugar. Its decline over the past year reflects ample food supplies, a slowing global economy and a stronger U.S. dollar.

The FAO Vegetable Oil Price index rose 4.1 per cent, due largely to a grim 2016 production outlook for palm oil coupled with a growing worldwide demand.

NaijaAgroNet equally reports that the FAO Cereal Price Index rose 1.5 per cent on the month, due primarily to international maize quotations, themselves influenced by a weaker United States dollar and spillover from the oilseeds complex.


However, rice prices declined marginally, while wheat markets posted limited gains amid expectations of large supplies in the new season for the crop.

Remmy Nweke
... Linking agrobiz, sustainable environs, people & technology

Wednesday, April 3, 2013

Palm Oil generates unprecedent profits - Experts



Exclusive!

Experts have pronounced Palm Oil as the latest booming commodity that is generating unprecedented profits for plantation owners and investors.

As disclosed to NaijaAgroNet by the officials of the International Trading Exchange Fixed Assets Commercial Brokerage LLC, Palm Oil is one of the fastest growing commodities in recent years.

This, they said, is set to continue into the forthcoming decade.

“The natural vegetable oil produced from the palm, is part of our world in more ways than you think,” officials stated in the company newsletter made available to NaijaAgroNet.

They also asserted that “9 out 10 Unilever products contain Palm Oil.”

On the Investment, the Dubai-based company stated that there are three entry levels for Palm Oil investment, with a five-year buy back guarantee.

“You will receive a yearly yield paid on the anniversary of your investment. On top of this, you will receive your initial investment back after 5 years,” part of the newsletter read.

Additionally, the company said investors will receive all the necessary title deeds for land plot, as well as management contracts from a United Kingdom (UK)-based agricultural management agency.

“So all you have to do is sit back and watch your investment come in,” the company assured.

Remmy Nweke

... Linking agrobiz, people & technology