++++ Latest OIL WORLD Headlines ++++
More details and background analysis are provided in the various
of OIL WORLD, primarily in the
Vegetable oil prices appreciating. Market participants have become alerted about the looming tightness in world palm oil supplies..
This concern is mainly caused by the drought and heatwave which has prevailed in the most recent 6-7 consecutive weeks until March 6 in many important palm oil growing areas of the Peninsula in Malaysia as well as in several parts of Indonesia and Thailand. The situation will become very critical if it stays dry for another 2-3 weeks. Oil palms are already showing drought stress. However, the impacts on palm oil production will be seen only with time lags
Continued dryness would create a bullish price scenario for oils & fats considering the importance of palm oil and palmkernel oil which recently accounted for 33% of world production and 63% of world exports of all 17 oils & fats, as pointed out by Thomas Mielke in his presentation at the Palm Oil Outlook Conference in Kuala Lumpur on March 5.
OIL WORLD WEEKLY of 7 March 2014
Palm Oil Outlook:
Very Little Rainfall in Parts of Malaysia,
Thailand and Indonesia...
The dryness clearly intensified during February,
according to several private reports. Water-rationing
has started in parts of Malaysia.
If the dryness persists for another 2-3 weeks, stress
on oil palms will intensify. But it should be considered
that time lags are involved. This will start to show up in
reduced production towards the end of 2014...
OIL WORLD WEEKLY of 28 February 2014
Decimated Palm Oil Export Supplies Being Felt in the Market...
Imports of the 8 oils still exceeded the year-ago
levels in Oct/Dec 2013 in the European Union, the US,
India and Pakistan but this was more than offset by
reductions below the unusually large year-ago levels in
North Africa, China, Iran and other countries, partly also
resulting from stock-building in preceding months.
In Jan/March 2014 the vegetable oil market is faced
with unusually low export supplies, primarily of palm oil
and soya oil, both affected by seasonally small production
and low stocks in the key exporting countries...
OIL WORLD WEEKLY of 21 February 2014
Supply Shortage Enforces Renewed Price Uptrend in Lauric Oils...
At the current premiums demand for coconut oil
suffers a severe blow primarily in the food sector with
consumers shifting to palm oil and seed oils. The price
elasticity of demand was illustrated by the boost in
world coconut oil consumption by more than 0.3 Mn T
We consider it likely that world imports of coconut oil
are reduced by 16% in Oct/March 2013/14, necessitating
a reduction of stocks primarily in the importing
OIL WORLD WEEKLY of 14 February 2014
Crop Losses in South America...
In Brazil soybeans were stressed by very dry and
hot conditions in their critical phase of pod-filling and
partly suffered irreversible damage, primarily in Goias,
parts of Mato Grosso and Rio Grande do Sul as well as
in Minas Gerais and Parana...
In Paraguay soybean production prospects also
deteriorated considerably owing to dryness and heat
during the past four weeks...
OIL WORLD WEEKLY of 7 February 2014
World Market Supplies of Rapeseed & Canola in Febr/June...
A shortage is developing on the world market in
rapeseed & canola in Febr/June 2014, mainly because
the large Canadian supplies of canola cannot be
exported in a timely manner. At the moment Australia
can offset some of the missing Canadian exports and
ship larger quantities to traditional Canadian customers
OIL WORLD WEEKLY of 31 January 2014
Prices Strengthen to Ration Red-Hot Demand for US Soybeans...
The US soybean market remains torn between the
exceptionally strong demand reducing US soybean
stocks rapidly so far this season and the upcoming
record supplies in South America...
Some risk premium has also been implemented in
soybean prices in recent days in view of the severe
heat wave currently affecting the key agricultural area
Demand for US soybeans must be slowed down
quickly to avoid a similarly severe supply shortage on
the US market as in March/Aug 2013...
OIL WORLD WEEKLY of 17 January 2014
2013/14 Statistics Released for Key Commodities...
We compiled up-to-date statistics with our latest forecasts for 2013/14, inlcuding supply and demand by country, trade details, area and production, monthly prices etc for the following commodities/countries:
Soybeans, oil & meal
Sunseed, oil & meal
Rapeseed, oil & meal
The data are based on the MONTHLY of 13 December 2013 and the Data Base CD ROM released Dec 16.
More info under www.oilworld.de/statistics
OIL WORLD Data Base December 2013 Released...
-- Date of Release: 20 December 2013 --
2013/14 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 2013/14 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 Jan/March 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-27 as well as the major countries of the CIS, Central Europe,
America, Asia, Africa and Oceania.
Monthly prices from Jan 1997 up to December 2013 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 2013/14 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.