• SOYA OIL

    WEEKLY Mar 15

    World Trade Flows of Soya Oil Set to Change in 2024

    World export supplies of soya oil will benefit from recovering production in Argentina but remain limited owing to increasing domestic requirements in Brazil in 2024. Furthermore, the uptrend of Argentine exports of soya oil to North America is additionally limiting availabilities for importers in Asia and elsewhere....

    We have reduced our forecast of soya oil exports to 1.7 Mn T in Jan/Dec 2024, 0.6 Mn T less than registered last year....More details in the Weekly...

     

  • INDIA

    WEEKLY Mar 15

    Vegetable Oil Stocks Falling to 18-month Low

    Sizably increasing consumption exceeded production & imports in recent months, necessitating a sharp reduction of vegetable oil stocks to an 18-month low of 2.38 Mn T at the end of February....

    While stocks in India are not yet critically low, a sizable pickup of import volumes will be required in the remainder of this season....

  • PRICES

    WEEKLY Mar 8

    Prices of Soya Oil Seen Rising Above Those of Palm Oil in Coming Months

    We expect palm oil to lose its price premiums over soya oil and sun oil in April or May. This is likely to occur by an appreciation of soya and sun oils rather than by independent weakness of palm oil. Palm oil has already been at a price premium vis-a-vis other edible oils since December owing to lower than expected world production in Jan/March 2024, which we anticipate to result in a global production deficit and a decline of world palm oil stocks this quarter.

    In our opinion, Argentine soya oil is undervalued in the deferred positions. We expect the price premiums of palm oil to narrow in coming months mainly via an appreciation of soya oil and sun oil prices. More details in the WEEKLY of March 8...

    Monthly average prices of oils & fats of the past 10 years have been updated until February 2024 click here to order

  • SOYBEANS

    WEEKLY Mar 8

    World Soybean Exports Exceeded the Year-Ago Level in February

    Soybean exports of six key countries increased by 1.2 Mn T on the year in February and 3.2 Mn T in Sept/Febr 2023/24, led by Brazil. Combined shipments to China increased by 2.2 Mn T and to the rest of the world by 1.0 Mn T so far this season......

    Soybean prices were more than 20% lower than a year ago in February. This facilitated a pronounced increase of disposals in six key countries to ...

  • USED COOKING OIL

    WEEKLY Mar 1

    UCO Imports Up 29% in Oct/Dec

    Imports of used cooking oil (UCO) gained momentum at the end of last year, raising the global trade volume further to a new high in 2023.

    The trade flows changed significantly: The booming US biofuel industry became the key pull factor, tightening supplies for other markets such as the EU-27, where UCO imports declined by 15% to 1.6 Mn T in Jan/Dec 2023. In fact, the USA overtook the EU as the world's largest importer of UCO in Oct/Dec 2023...

  • 7 OILSEEDS

    MONTHLY Feb 23

    Soybean Prices Declining to Multi-Year Low

    The world supply & demand outlook for soybeans in the 2023/24 season is characterized by a production surplus in the second consecutive year. This will lead to a further accumulation of soybean stocks.... Disposals of soybeans have not come up to expectations so far this season. World soybean exports are running behind the year-ago level so far in February, representing the third consecutive monthly decline....


    Contrary to the ample supply outlook of soybeans, most of this season’s anticipated growth in crushings of sunseed and rapeseed has already occurred in the first 5-6 months of this season....

  • 8 OILS

    MONTHLY Feb 23

    World Production of Veg. Oils in 2023/24 Revised Upward

    Latest data and information confirm that world supplies of vegetable oils will exceed initial estimates this season. This has been reflected in the continued price weakness so far this month....In particular larger than expected production and processing of sunseed and rapeseed are behind the significant upward revision of vegetable oil supplies....

    Taken together, we forecast world consumption of eight major vegetable oils to increase by 3.6% or 7.6 Mn T in 2023/24....

world price logo --- World Market Prices in US-$/T ---

    • 987 Ap
    • March 14
    • Palm olein RBD, fob Mal
    • 485 My
    • March 14
    • Rapeseed, Europe, cif Hamburg
    • 388 Ap
    • March 14
    • Soya Meal, fob Arg
    • 1005 Ap
    • March 14
    • Rape oil, Dutch, fob ex-mill