• 10 OILSEEDS

    MONTHLY June 15

    Global Production Surplus Forecast for 2018/19

    In our second projection we place world production of 10 oilseeds at 582.4 Mn T, down 2.0 Mn T from the first estimate but 21.5 Mn T above a year earlier. Weather conditions in the next 1-2 months will be of critical importance for the outcome of this year's oilseed crops in the northern hemisphere. Favourable conditions currently persist in most of the US Midwest, raising ideas of a new record soybean production in the USA, while US cotton crop expectations must be reduced in view of poor weather in some of the key areas...

    In the case of soybeans we expect a recovery in world production by 19.3 Mn T to 357.3 Mn T in 2018/19, mainly on account of Argentina, the USA and India. For all the other 9 oilseeds combined we estimate world production to rise by 2.2 Mn T to 225.1 Mn T next season, with reductions in cottonseed and groundnuts contrasting with increases in sunflowerseed, rapeseed & canola , palmkernels and copra, linseed & castor...

  • 17 OILS & FATS

    MONTHLY June 15

    Ample Suplies Expected in 2018/19

    Mixed indications for vegetable oil supplies in 2018/19: The growth in palm oil production is likely to lose momentum and soya oil output will be curtailed mainly in the early stages of the new season. This contrasts with prospects of quite ample supplies of sunflower oil and rapeseed oil. Furthermore, world stocks of palm oil and of vegetable oils in general are increasing sharply this season so that the 2018/19 season will start with large inventories...

    The major uncertainty on the demand side is seen in the profitability of vegetable oil use as energy source, determining the volumes absorbed by biodiesel producers and for generating heat and electricity. The price competitiveness of vegetable oils versus crude mineral oil has recently improved to the highest level in several years. This contributes to our forecast of an increase in total demand for oils and fats of...

  • MALAYSIA

    MONTHLY June 15

    Growth in Palm Oil Output Likely to Slow

    Palm oil production is likely to turn out smaller than expected in April/Sept 2018, probably rising only 0.2 Mn T from a year earlier (which was  a high basis of comparison) in contrast to significant year-on-year increases in Jan/March 2018 and in Oct/Dec 2017...

    With total Malaysian palm oil stocks record high at 2.7 Mn T in early January, supplies will be sufficient to facilitate a boost in exports by approximately 1.0 Mn T in the full calendar year...

  • SOYA OIL

    WEEKLY June 8

    World Exports Still on Downtrend

    World exports of soya oil were again below the year-ago level in May. Exports of 4 major countries reached only 670 Thd T, down 15% from a year earlier despite unusually large US shipments...

  • UKRAINE

    WEEKLY June 8

    Soybean Expansion Dampened?

    Uncertainty about changes in the value added tax (VAT) refund for exports has apparently forced many Ukrainian farmers to put their plans of an increase in soybean plantings on hold this year and to prioritize corn and sunflowerseed instead. At the moment the rate of the VAT is 20%, making up roughly US-$ 70 of the current soybean fob export prices of US-$/T 420-430....

  • OW ANNUAL

    May 2018

    Order Your OIL WORLD ANNUAL 2018 Now!

    Released at the end of May 2018.

    The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. On more than 700 pages this comprehensive yearbook contains profound textual analyses, statistics and graphs for the latest five calendar years as well as for five Oct/Sept seasons. The ANNUAL also provides our first global supply and demand projections for oilseeds, oils/fats and oilmeals for the season 2018/19. 

    In a special price section the reader is informed about monthly and annual world market prices and price relationships of the individual oilseeds, oils and oilmeals. The major price-making factors are analysed and on this basis an assessment is given for the price prospects of the key commodities on the world market. 

    With its coverage and in-depth information this publication is the world's most comprehensive encyclopedia of forecasts and statistics, covering 50 commodities and 150 individual countries, certainly including also the commodities and countries of your interest.

     

  • TALLOW

    WEEKLY June 8

    Rising Demand Shaping Up

    The sharp increase of FAME 0 prices in May has revived the market for tallow-based methyl ester in Europe. There are also prospects of additional demand from Italy where PFAD-based biodiesel will no longer count...

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

    • 685 Jy
    • June 14
    • Soya oil, fob Arg
    • 610 Jy
    • June 14
    • Palm olein RBD, fob Mal
    • 419 Je
    • June 14
    • Soya Meal, Arg, cif Rotterdam
    • 960 Jy/Ag
    • June 14
    • Coconut oil, cif Rotterdam