++++ Latest OIL WORLD Headlines ++++
More details and background analysis are provided in the various
of OIL WORLD, primarily in the
Global supply shortage of 8 veg. oils to prevail at least in Oct/Dec 2016.....
Following the unusually strong decline of world production by 3.0 Mn T in 2015/16, combined output of the 8 major vegetable oils is forecast to increase by 1.0 Mn T in Oct/Dec 2016. With palm oil output likely to increase by only 0.4 Mn T, the bulk of this increase will be on account of growing oilseed crushings.
Taking into account that world stocks of the major vegetable oils were roughly 5 Mn T lower than a year ago in early October, the prospective increase of production in the current quarter turns into a pronounced year-on-year decline of supplies. Exports will still decline....
OIL WORLD MONTHLY of 21 October 2016...
Steep Decline of Palm Oil Import Demand from West Africa...
A sharp decline of palm oil imports occurred in
2015/16. Based on shipment data from the major
exporting countries, we estimate palm oil net imports of
the six West African countries analysed here at only
1.5-1.6 Mn T in Oct/Sept 2015/16, implying a decline of
OIL WORLD WEEKLY of 14 October 2016...
South American Soybean Plantings Likely to Decline in 2016/17......
South American soybean plantings will probably be reduced by 0.5 Mn to 59.0 Mn ha in 2016/17. This compares with an average annual increase of 2.3 Mn ha in the latest five seasons and it is the first decline in 10 years. The major contraction is likely to be in Argentina where we now forecast soybean plantings at 19.6 Mn ha, down 0.8 Mn ha, despite the prospective increase in the total cultivated area of all crops. For Brazil we now expect only a very small expansion by 0.4 Mn to 33.6 Mn ha.
We give details in the WEEKLY of Oct 7.
The World Vegetable Oil Market Will Stay Relatively Tight in Oct/March 2016/17....
The current unusually low stocks of vegetable oils and animal fats will more than offset the prospective increase of production in the next few months, resulting in a further year-on-year decline in world supplies. This will limit and most likely reduce world exports (at least until February), thus curbing imports and keeping stocks depressed in many importing countries. Vegetable oil prices are expected to remain well supported in Oct/Febr 2016/17.
We give details in the WEEKLY of Sept 30.
Up-to-date Statistics Released for Key Countries & Commodities...
Latest OILWORLD statistics are ready for download. The data packages offer supply and demand, trade, crops and prices for the following key commodities & countries:
Soybeans, Oil & Meal
Rapeseed, Oil & Meal
Sunseed, Oil & Meal
The data are based on the DATABASE released Sept 23.
More info under www.oilworld.de/database. Please contact us for further info on the data provided by OILWORLD.
OIL WORLD Data Base SEPTEMBER 2016 Released...
-- Date of Release: 23 September 2016 --
2016/17 oilseed production as well as world supply & demand of oilseeds, oils/fats and oilmeals, all by country
Take advantage of our reliable, unbiased and comprehensive
information and forecasts. For a better understanding of current market developments and prospects.
The OIL WORLD Data Base on CD-ROM provides the information
which gives you a competitive edge. It includes much more data than can
be published in the OIL WORLD MONTHLY and WEEKLY:
Forecasts of 2016/17 oilseed area. yields and production and world supply and demand outlook for oils/fats and oilmeals for next season!
Up-to-date estimates of 2016/17 world supply & demand for all oilseeds, oils & fats and oilmeals with breakdown by country.
Quarterly world production, trade, consumption and stocks estimates up to Oct/Dec 2016.
The CD-ROM provides oilseed crop and processing statistics as
well as supply & demand balances for oils/fats, oilmeals etc.
64 most important countries. This comprises the
EU-28 as well as the major countries of the CIS, Central Europe,
America, Asia, Africa and Oceania.
Monthly prices from Jan 2001 up to September 2016 for the 6 major
oilseeds, 15 oils/fats and 8 oilmeals.
Monthly crush, production, trade and stocks data for key countries
until Sept or Dec 2017. Trade statistics are provided for the major
exporting countries with breakdown by country of destination and for
the leading importing countries by country of origin.
The Commodity Sections for Oilseeds, Oils and Oilmeals provide the supply and demand developments as well as stocks,with breakdown by major countries. The forecasts cover the season 2016/17 for crop production and area as well as world supply & demand of the major oilseeds and products. The time periods in most tables are the 5 seasons until 2016/17 and the 3 calendar years ending 2016. A quarterly breakdown is given in the respective Summary Tables of each commodity. Monthly Price Surveys are given for most oilseeds, oils and meals. The section 'Other Commodities' provides world production statistics for red meat and poultry.
For more info see www.oilworld.de/database
Edible Oil Prices Will Still Be Well Supported in Oct/Febr 2016/17...
The current tightness in palm oil is unprecedented
and is still ongoing because the moderate recovery in
palm oil production is quickly absorbed by the sharply
reduced stocks, keeping world supplies sharply below
the year-ago levels in Oct/Dec 2016 and again in
Sharply depleted stocks in the exporting countries
will reduce world export supplies in the next 3-6
months. At the same time, stocks have been cut
sizeably in most importing countries, primarily in China
and India. In Oct/Dec 2016 reduced supplies will result
in a year-on-year decline of world exports...
OIL WORLD MONTHLY of 16 September 2016...
CHINA: Strong Demand for US Soybeans Will Unfold
in Coming Months...
Partly owing to uncertainty about the outcome of the
auctions, Chinese importers purchased relatively small
soybean volumes for arrival in July/Sept. The resulting
reduction of Chinese stocks is creating pent-up demand.
We currently assume that combined soybean
exports from the key countries to China increase
slightly to 36.8 Mn T in Sept/Feb 2016/17...
OIL WORLD WEEKLY of 9 September 2016...
Biodiesel: Production of biodiesel has exceeded expectations so far in 2016 in the USA and Argentina....
Biodiesel: Production of biodiesel has exceeded expectations so far in 2016 in the USA and Argentina. In Jan/June 2016 combined US production and imports of biodiesel increased by a staggering 0.8 Mn T or 30%. For Argentina we now expect biodiesel production in calendar year 2016 to rise by 0.6 Mn T or 35%. In Brazil the performance in 2016 is trailing expectations, but a higher admixture mandate coming into force next year is likely to boost Brazilian biodiesel production to a record 3.85 Mn T in calendar year 2017, up 13%. In the OIL WORLD WEEKLY of Sept 2 we provide details for the USA, Argentina, Brazil, Indonesia and Germany...
OIL WORLD WEEKLY of 2 September 2016...
Outlook 2017: Palm oil production in Malaysia and Indonesia will still be partly curbed by the lagged effect of the previous El Niño, keeping yields below potential in 2017...
Outlook 2017: Palm oil production in Malaysia and Indonesia will still be partly curbed by the lagged effect of the previous El Niño, keeping yields below potential in 2017. The number of fruit bunches available for harvest will still be less than normally. However, with improved rainfall, oil palms will be regaining strength and the bunch weights should be considerably higher than in 2016. A recovery in yields (though still staying below 2015 and 2014) and further growth in the mature area are likely to boost Malaysian and Indonesian palm oil production to new record highs. In the OIL WORLD Monthly of August 26 we provide our revised estimates on palm oil production in Malaysia, Indonesia and the rest of the world for calendar year 2017 and we also give our supply & demand projections for 8 vegetable oils, 7 oilseeds and 8 oilmeals.
OIL WORLD MONTHLY of 26 August 2016...
The major bullish factor for oils & fats is to be seen in the substantial reduction of world stocks by 4.2 Mn T in Jan/Aug 2016. Most of the reduction occured in palm oil...
Led by palm oil, most vegetable oils reversed the declining price trend during most of June and July. Palm oil was the price leader upward and skyrocketed by US$ 130-140 in the three weeks to Aug 18. Also lauric oils rebounded with palmkernel oil up 12% and coconut oil up 10%, while palm oil jumped by 21-23% in the 3-week period. Soya oil was also pulled higher with Argentine prices up US$ 90-100 and US export prices up US$ 110-120.
The OIL WORLD ANNUAL 2016 has been released on May 27..
The OIL WORLD ANNUAL 2016 has been released on May 27. It includes the first OIL WORLD forecasts of world production, trade, consumption, stocks and prices for oilseeds, oils & fats and oilmeals for 2016/17. The compendium of world statistics comprises more than 700 pages. You are most welcome to request additional information. Orders can be made online...