++++ Latest OIL WORLD Headlines ++++
More details and background analysis are provided in the various
of OIL WORLD, primarily in the
World Oilseed Supplies Seen Rising by 31 Mn T or 5.5%...
World supplies of 7 oilseeds will be more ample
than expected in 2014/15. Higher stocks at the start of
the season and the upward revision in production has
lifted world supplies to a new high of 593.6 Mn T, up 31
Mn T on top of the boost of 36 Mn T registered last
There are ample supplies available worldwide. But
lack of farmer selling and logistical constraints still
made it difficult to fully satisfy consumer demand in the
producing and importing countries in the past 10-12
OIL WORLD MONTHLY of 21 November 2014
Update on corn and wheat: Strong front-loading of exports and stronger than expected feed demand....
Update on corn and wheat: Strong front-loading of exports and stronger than expected feed demand of several countries in Asia, Africa and Central America boosted world trade in recent months. In the FLASH of Nov 12 we are providing updated export statistics from the 6 major corn and 8 major wheat supplying countries with breakdown by country of destination. The major driving force behind the unusually large feed import demand is seen in rapidly rising livestock production in several importing countries and insufficient domestic production. Combined exports of corn and wheat showed an unprecedented increase of 37.8 Mn T or 21% from a year earlier in Oct/Sept 2013/14...
OIL WORLD FLASH of Nov 12.....
US soybean exports will have to be boosted to at least 41.0 Mn T in Sept/Febr 2014/15...
US soybean exports already exceeded expectations at around 9.2 Mn T in October, a record for a single month and 1.4 Mn T more than a year earlier. We expect a further increase in shipments to at least 9.5 Mn T in November. Sharply higher US quantities are required to satisfy Chinese import needs and also higher import requirements of the European Union and several other countries. South American soybean exports are set to decline by 4.0 Mn T from last year in Sept/Febr 2014/15. Our tentative export estimate for the 4 South American countries is 7.9 Mn T compared with 11.9 Mn T in the same six months of a year earlier.
OIL WORLD WEEKLY of Nov 7.....
World production of olive oil will be smaller than expected at only 2.74 Mn T in 2014/15....
World production of olive oil will be smaller than expected at only 2.74 Mn T in 2014/15, 0.7 Mn T below a year earlier, according to our latest estimate. We have made downward revisions in our production estimates for Spain and Syria. There will be the need for substantial demand-rationing worldwide (primarily in the European Union), keeping prices well supported in the foreseeable future. We expect the premium relative to sun oil to widen. Details of our revised global supply & demand estimates of olive oil (with breakdown by country) is given in the
OIL WORLD WEEKLY of Oct 31.....
Dependence on soybeans will rise in Oct/Sept 2014/15......
With production and crushings of softseeds declining, soybean crushings have to fill the gap. We consider it necessary that world soybean crushings will be boosted by at least 15 Mn T in Oct/Sept 2014/15 compared with an increase of 12.0 Mn T in 2013/14. Crushings of the 6 oilseeds other than soybeans will suffer a decline by around 2.0 Mn T this season. As rapeseed and sunflowerseed are high oil-yielding seeds, this will slow the growth in world production of vegetable oils. Hence, there is significantly less scope for expanding vegetable oil use in the food and energy sectors than in 2013/14...
OIL WORLD MONTHLY of 24 October 2014
ARGENTINA: The government may set up a state-owned company to export agricultural commodities...
This at least seems to be currently discussed (behind closed doors). It could be similar to the "Junta Nacional de Granos" which had been installed in the seventies and eighties, but was closed by decree of the former President Carlos Menem in 1991 because it was considered uneffective. -- But now a corresponding agency could be reactivated...
OIL WORLD WEEKLY of 17 October 2014
Combined World Production and Crushings of Sunseed & Rapeseed
Declining in 2014/15...
Oct/Sept 2014/15 we now expect only a moderate
growth in rapeseed processing and a decline by 1.6 Mn
T in sunflowerseed. This is in clear contrast to the
unusually large increase of 9.5 Mn T in combined world
crushings of the two softseeds in Oct/Sept 2013/14...
OIL WORLD WEEKLY of 10 October 2014
INDIA: Imports of Vegetable Oils Seen Increasing to
a Record 12.2-12.3 Mn T in 2014/15...
With consumption of the 8 key vegetable oils
estimated at 18.4 Mn T in 2014/15, India will be forced
to further raise imports to a new high of around 12.2 Mn
T, up 0.5 Mn T or 4%. India will thus need to import at
least two thirds of its vegetable oil requirements in the
new season, meaning that the import dependence will
stay near the unprecedented level of 2013/14...
OIL WORLD WEEKLY of 2 October 2014
Up-to-date Statistics Released for Key Commodities and Countries...
We compiled up-to-date statistics with our forecasts for 2014/15, inlcuding supply and demand, trade details, area and production, monthly prices etc for the following commodities/countries:
Soybeans, oil & meal
Rapeseed, oil & meal
Sunseed, oil & meal
The data are based on the MONTHLY of 19 September 2014 and the Data Base CD ROM released Sept 26.
More info under www.oilworld.de/statistics
OIL WORLD Data Base September 2014 Released...
-- Date of Release: 26 September 2014 --
2014/15 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 2014/15 oilseed area. yields and production and world supply and demand outlook for oils/fats and oilmeals for next season!
Estimates of 2014/15 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 2014.
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 1999 up to September 2014 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 2015. 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 2014/15 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 2014/15 and the 3 calendar years ending 2014. 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
World Crushings of Soybeans Expected to Rise by a Record
15.5 Mn T in Oct/Sept 2014/15...
Global dependence on soybeans will start increasing already in the Oct/Dec 2014 quarter and accelerate in
Jan/Sept 2015 as supplies and crushings of all the other 9 oilseeds are contracting.
The declining share of
processing of high oil-yielding oilseeds will curb the growth of world production of seed oils to only 2.5% in
Oct/Sept 2014/15 compared with the year-on-year increase of 6.1% in 2013/14. But under the lead of soybean
meal, world production of oilseed meals is seen rising by 4.2%...
OIL WORLD WEEKLY of 26 September 2014
World Oilseed Supplies Seen Rising Sharply by 34.5
Mn T or 6% in 2014/15...
During the past four weeks we have
made an upward revision in our world oilseed
production estimate by 3.7 Mn T,
mainly on account of the USA (up 2.4 Mn T),
Brazil (up 2.0), India (up 0.7) and the EU-28
(up 0.4). While the revisions in the USA and
Brazil were mainly on account of soybeans,
the Indian revision occurred in cottonseed..
World production of 10 oilseeds is set
to reach 519.7 Mn T in 2014/15, 21.5 Mn T on top of last season’s record. It is the third
consecutive increase in production. Although we expect that world oilseed consumption will
show another above-average increase, the production surplus will again be very impressive
at around 17 Mn T...
OIL WORLD MONTHLY of 19 September 2014
Slowdown of Soybean Disposals before Bumper US Crop Enters the
G-5 soybean disposals (crushings plus net exports)
suffered a severe setback by 10% to an estimated 16.6
Mn T in August, the first year-on-year decline in more
than 12 months. This followed increases of 5% each in
June and July...
OIL WORLD WEEKLY of 12 September 2014