Global

Global coconut oil production has stagnated near 3 million tons annually over the past three decades, limiting supply growth amid rising demand.

Markets eased up to the end of July, pressured by strong supply prospects, harvest progress, currency movements, and lacklustre export demand.

The surge is fueled by peanut oil’s reputation as a heart-healthy cooking option.

The Vegetable Oil Price Index soared to 166.8 points, a 7.1% month-on-month jump.

The report found that the presence of more than one mycotoxin in a single sample is increasingly the norm rather than the exception.