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Subject:
From:
"Thoenes, Peter (EST)" <[log in to unmask]>
Reply To:
Thoenes, Peter (EST)
Date:
Wed, 20 Jan 2021 12:58:59 +0000
Content-Type:
multipart/mixed
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text/plain (2541 bytes) , text/html (27 kB) , MPPU Jan'21.pdf (643 kB)
with compliments │ avec nos compliments │ un cordial saludo

FAO, Markets & Trade Division
Oilcrops Team (Peter Thoenes - Di Yang - Marco Milo)


Highlights:

·       In December, FAO’s three price indices trailing the oilcrops complex remained sharply above their corresponding values of last year, marking multi-year highs.

·       Farm support programmes of relevance to the oilcrops sector have been reinforced in several countries, including Argentina and India.

·       The United Kingdom introduced new environmental policies favouring the delivery of public goods by farmers, while China worked on draft laws aimed at improving national food security and reforming the management of its strategic reserves.

·       The recent marked rise in world palm oil prices triggered hikes in Indonesia’s and Malaysia’s palm oil export duties. Elsewhere, to secure domestic supplies, or tackle rising domestic food prices, a few countries temporarily relaxed their import measures on oilseeds and derived products, while one country raised its export tariffs on oilcrops.

·       While Canada presented an ambitious renewable fuels programme, Indonesia considered postponing a planned rise in its mandatory biodiesel blending rate.

·       Malaysia offered to regularize undocumented foreign migrants in a bid to address labour shortages, in particular in the plantation sector.

·       Under continued scrutiny from civil society groups, the private sector reported several new initiatives aimed at improving the management of the environmental and social footprint in global palm oil/soybean supply chains.




CONTACT:

FAO Markets and Trade (EST) - Oilcrops desk
Further information: http://www.fao.org/economic/est/est-commodities/oilcrops/en/ <http://newsletters.fao.org/c/1130uTiIH5T9pTKstveJO6Xr9>
or contact: [log in to unmask]<mailto:[log in to unmask]>

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