ISTA Mielke GmbH
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The Independent Forecasting Service for Oilseeds, Oils & Meals
Providing Primary Information --Professional Analysis-- Unbiased Opinion

++++ Latest OIL WORLD Headlines ++++

More details and background analysis are provided in the various Publications of OIL WORLD, primarily in the WEEKLY and the FLASH

Aug 29: 
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 of prices.
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

Aug 22: 
Another Upward Revision in World Oilseed Supplies in 2014/15....

World production of 7 oilseeds has been further raised in our new forecast to 507.2 Mn T in 2014/15, 2.2 Mn T more than five weeks ago and 18.1 Mn T on top of the record established a year earlier. For soybeans we have raised our estimate to a new high of 306.7 Mn T, 22.1 Mn T above 2013/14. Increases in the US were partly offset by downward revisions in Argentina, India, Canada and China. The other 6 oilseeds are expected to suffer a combined on-year setback by 4.0 Mn T to 200.5 Mn T. Palm oil production is likely to show only a below-average growth in Oct/Sept 2014/15.


Aug 18: 
The global export volume of rapeseed & canola is likely to shrink by at least 1.3-1.5 Mn T in July/June 2014/15.....

The global export volume of rapeseed & canola is likely to shrink by at least 1.3-1.5 Mn T in July/June 2014/15, down from a record 15.2 Mn T registered last season. Reductions likely in exports from Canada, Australia and Ukraine. This may be somewhat offset by higher shipments from the EU and Russia.

Most of the adjustment on the import side is likely to occur in the European Union where we now consider it likely that imports will decline to a multi-year low of 2.2-2.4 Mn T in July/June 2014/15.

For further details see the OIL WORLD WEEKLY of Aug 15

Aug 08: 
EU-28 rapeseed crushings likely to approach a record 24 Mn T in July/June 2014/15...

EU-28 rapeseed crushings likely to approach a record 24 Mn T in July/June 2014/15. We reveal details in the FLASH and also explain why the crush in 2013/14 exceeded expectations. G-5 soybean disposals declined seasonally in July, but remained above the year-ago level. Strong import demand confirmed in spectacular boost of 26 Mn T or 14% in G-5 soybean disposals in Sept/July 2013/14. Ukraine: Exports of sunflower oil again unusually large at 334 Thd T in July (up 85% from last year). Rapeseed exports boosted to a record for July. Soya oil: Larger demand from India and China boosted world exports of soya oil in June and July.

OIL WORLD WEEKLY of 8 August 2014

Aug 01: 
Sharp Increase of G-3 Soybean Supplies Shaping Up in Sept/Dec 2014...

Combined soybean stocks of the three countries are estimated at 51 Mn T as of Sept 1, an increase by 5.1 Mn T from a year ago but only the fifth highest level for that date on record, confirming that the current outlook for ample to burdensome soybean supplies in the first half of 2014/15 will be mainly a function of production in the US. The US soybean crop is entering the key yield-determining month of August in the best condition registered in many years. It can therefore not be precluded that the average yield turns out at 3.0-3.05 T/ha or even slightly higher if weather conditions in August cooperate...

OIL WORLD WEEKLY of 1 August 2014

Jul 25: 
Rapeseed Outlook for Russia & Ukraine...

Rapeseed harvesting is now in full swing in the key countries of the former Soviet Union and we expect the combined production to be close to last year’s record high level. However, exports are likely to suffer a more noticeable setback in July/June 2014/15 due to the reduced crop in Ukraine, which is the largest CIS producer and exporter of rapeseed.
Current estimates on Ukrainian production are quite high, but we still expect a decline from last year to 2.1- 2.2 Mn T...

OIL WORLD WEEKLY of 25 July 2014

Jul 18: 
Generally Ample World Oilseed Supplies Ahead in 2014/15...

US soybean and corn crop ratings are the best in 20 years, at least at the moment, which has fuelled ideas of record yields to be achieved this year, creating a bearish supply outlook for 2014/15. Although old-crop supplies of soybeans are very tight in the USA, keeping cash premiums high, benign weather and prospects of bumper crops becoming available from September onward have resulted in considerable fund-selling, also in the oldcrop contracts, and pronounced price declines...


Jul 11: 
Ample Supplies of Rapeseed & Canola in 2014/15...

World production of rapeseed & canola is likely to decline by 1.4 Mn T to 68.3 Mn T in 2014/15. This is on account of a reduced area available for harvest and a slight decline in the global average yield.
But world supplies of rapeseed & canola will continue to rise in 2014/15, probably reaching 76.5 Mn T, 1.8 Mn T more than a year earlier...

OIL WORLD WEEKLY of 11 July 2014

Jun 27: 
Up-to-date Statistics Released for Key Commodities and Countries...

We compiled up-to-date statistics with our latest forecasts for 2013/14 and the initial outlook 2014/15 for major commodities, inlcuding supply and demand, trade details, area and production, monthly prices etc for the following commodities/countries:

  • Soybeans, oil & meal

  • Palm oil

  • EU-28

  • India

  • China

    The data are based on the MONTHLY of 20 June 2014 and the Data Base CD ROM released June 26. More info under

    Jun 27: 
    OIL WORLD Data Base June 2014 Released...

    on CD-ROM

    -- Date of Release: 26 June 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 2013/14 world supply & demand for all oilseeds, oils & fats and oilmeals with breakdown by country.

    • Quarterly world production, trade, consumption and stocks estimates up to July/Sept 2014.

    The CD-ROM provides oilseed crop and processing statistics as well as supply & demand balances for oils/fats, oilmeals etc. for the 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 June 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 2014. 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 2013/14 and the 3 calendar years ending 2013. 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

      Jun 03: 
      The OIL WORLD ANNUAL 2014 has been released...


      In the 2014 issue of the OIL WORLD ANNUAL we analyse the world market situation and prospects in the current season and publish our first 2014/15 forecasts for each of the 10 oilseeds, the 17 oils & fats as well as the 12 oilmeals.

      For producers, traders and consumers alike the global markets will again provide great challenges and opportunities in the months ahead. In order to cope with the lingering price volatility and make profitable business decisions you require the independent and competent information and forecasts we are providing in this unique compendium...
      On about 700 pages Volume I of the ANNUAL provides detailed statistics and estimates up to the 2013/14 season, while Volume II provides on about 30 pages world forecasts for 2014/15. Volume I also contains final data for Jan/Dec 2013 (with comparison for the preceding 4 years) and that for:
      39 commodities : with complete world supply/demand & trade balances and detailed country breakdown -- certainly including your commodities
      150 countries in detail :certainly including your countries of interest

      The world's most comprehensive data collection in the field of oilseeds, oils/fats and oilmeals - the OIL WORLD ANNUAL 2014 - was released on May 30, 2014.


      Apr 29: 
      The No. 90 issue of the Fish, Oil & Meal World just released....

      The No. 90 issue of the Fish, Oil & Meal World just released, analysing the prospective Peruvian production and export supplies in calendar year 2014 and highlighting latest developments in Chile, Scandinavia, the USA, China and other countries. You are invited contact for more information and subscription details...

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