WEEKLY Aug 18

    Sunflower Oil Production & Exports Up Sharply in Sep/Jan 2023/24

    Sun oil has partly filled the supply gap created by reduced exports of soya oil and palm oil. No doubt, world production and export supplies of sunflower oil have exceeded expectations so far this season. With prices at discounts vis-a-vis other vegetable oils, consumer buying picked up significantly. But following booming exports recently, there is little increase left in sun oil exports for the remainder of this season...



    WEEKLY Feb 16

    Canadian Canola Prices Under Pressure

    The need to revive global import demand pressured Canadian canola in the week to Feb 15, with May futures on the ICE plummeting to a contract low ....Canadian canola prices were also relatively weaker than EU rapeseed  this week, widening the discount in the May position to US-$ 27 at the close of Feb 15 compared to $ 5 two weeks ago and a premium of 30 on Dec 1....



    WEEKLY Feb 9

    Total Area Under Grains and Oilseeds Declines in 2023/24

    Partly extreme dryness prevailing during the past 2-3 months has taken its toll on total plantings. Intentions could not be carried out, mainly for soybeans. Acreage abandonment was unusually high, partly replanted with cotton...Brazilian farmers are receiving a double-blow this season from unfavourable weather conditions trimming yields below potential in many areas and world market prices being under pressure....


  • U.S.A.

    WEEKLY Feb 9

    Record Usage of Oils & Fats in 2023

    US consumption of oils & fats increased by 2.8 Mn T in Jan/Dec 2023, driven by booming production of biodiesel/HVO.....Net imports of 17 oils and fats rocketed by 2 million to 6.6 Mn T last year, led by steep increases in canola oil, palm oil and tallow....


    WEEKLY Feb 2

    Record-High Prices Have Sharply Reduced Olive Oil Consumption

    World consumption was already cut by about 20% from a year earlier in Oct/Dec, while for the whole season a rationing of demand by 10-12% is considered necessary on the basis of....

    The weather will be a key swing factor to watch. At the moment it is still very dry in key olive oil producing regions of Spain and widespread rainfall is now required in Febr/May 2024 to prevent a third consecutive production failure next season...

  • 8 OILS

    MONTHLY Jan 26

    Production Deficit Expected Reduce Veg. Oil Stocks in Oct/March

    World production of vegetable oils is increasingly insufficient to satisfy demand, which has necessitated reductions of stocks and started to support prices of late.....

    Despite remarkably large crushings of sunseed and rapeseed, combined world production of the 8 major major oils increased by only about 2% in Oct/Dec 2023, reflecting a sizable slowdown of the growth rate from the preceding season. In contrast, the consumption growth probably stayed above 4% in the first quarter of the current season...

    World production of vegetable oils is expected to lose momentum also in the current quarter and may increase by at best 2% in April/Sept 2024...


    MONTHLY Jan 26

    Surplus is Getting Bigger

    The increasing global production surplus has created additional downward potential for soybean & meal prices. Upward revisions in oilseed production contrast with lower than expected consumption, implying upward revisions in this season’s carry-out stocks.
    We have raised our estimate of world production of 7 oilseeds by 3.1 Mn T from a month earlier to a new high of 626.2 Mn T...

world price logo --- World Market Prices in US-$/T ---

    • 870 Mr
    • Feb 15
    • Palm olein RBD, fob Mal
    • 455 Mr
    • Feb 15
    • Rapeseed, Europe, cif Hamburg
    • 404 Mr
    • Feb 15
    • Soya Meal, fob Arg
    • 942 Mr
    • Feb 15
    • Rape oil, Dutch, fob ex-mill