++++ Latest OIL WORLD Headlines ++++
More details and background analysis are provided in the various
of OIL WORLD, primarily in the
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
LAURIC OILS: Supply & Demand to Recover in 2014/15....
Combined world production of the two lauric oils will probably only stagnate at 9.6 Mn T in 2013/14 while consumption is seen declining by 0.1 Mn T. Demand has suffered a setback not only in several importing countries but also in Malaysia. However, we assume that in Indonesia at least the rapid uptrend of palmkernel oil usage continues to an estimated 1.4-1.5 Mn T in 2013/14.
For Oct/Sept 2014/15 we tentatively forecast an increase in world output of the two lauric oils by 0.3-0.4 Mn T, thereof 0.2-0.3 Mn T in palmkernel oil and 0.1 Mn T in coconut oil. World consumption of lauric oils is seen approaching a record 10 Mn T in Oct/Sept 2014/15, implying an increase of 0.5 Mn T from this season’s low level and of 3.2 Mn T from ten years ago.
For further details see the OIL WORLD WEEKLY of Sept 5.
Sunseed Complex May Be Not Far Away from the Price Lows...
The world sunflower complex will again have to look
for demand outside the traditional premium market to
dispose of the bumper supplies shaping up in the
2014/15 season. This is going to limit any independent
price movement and require sunseed and products to
stay competitive relative to alternative oilseeds and
vegetable oils, which in many cases implies a discount
However, as global sunseed production is estimated
to at best approach last year’s result, the ability of
sunflower oil to satisfy the growth of world veg. oil
demand will be very limited in 2014/15...
OIL WORLD WEEKLY of 29 August 2014