FLASH July 11
World Exports Up Sharply in 2018/19
World exports are boosted to record highs this season. In Jan/May 2019 they amounted to 5.3 Mn T, up an impressive 0.9 Mn T. Sunflower oil gained market share via attractive prices relative to rapeseed oil and soya oil....
Biggest increases were noted to the EU-28, China, Iran and Turkey. As against this, combined exports of sun oil declined to India...
FLASH July 10
Future Prices Down Further
In June palm oil production turned out to be smaller than expected at an 11-month low of 1.52 Mn T....
But the initial reaction of the market to today's report was bearish and futures prices of crude palm oil declined on the BMD after the release of the June statistics, due to lower than expected exports of palm oil and biodiesel and only a slight month-on-month reduction in palm oil stocks.....
FLASH July 9
Imports & Crushings of Rapeseed Down Sharply
Following the severe decline already in July/Dec 2018, imports continued to trail the year-ago volume so far this year...Total imports were virtually cut in half to... Thd T in July/June 2018/19, the lowest level in more than 10 years...
Subdued Indian import demand of rapeseed oil has reportedly slashed rapeseed processing margins in the UAE in the past 12 months....
WEEKLY July 4
Tight Rapeseed Supplies Boosting Imports of Rapeseed Oil
Chinese imports of Canadian canola are declining sizably. In the month of May China imported only 165 Thd T of Canadian canola compared with 487 Thd T a year earlier. In June, July and August Chinese imports of Canadian canola will probably plunge by about one million tonnes....
As Australia is largely sold out until new-crop supplies become available in November, there is only one alternative origin with sizable export supplies of rapeseed or canola...
Chinese imports of Canadian canola oil and meal have not declined as sharply as imports of Canadian canola. Still, China purchased sizable quantities of rapeseed oil from other origins...
FLASH July 4
Soybean Exports Down Despite Increases to China
US soybean exports to China were boosted in June and reached 3.3 Mn T in April/June (against 1.2). This followed a steep decline by ... Mn T in Sept/March 2018/19....
However, sizable year-on-year reductions occurred in US soybean exports in May and June to the European Union as well as to Pakistan, Vietnam, Indonesia and Egypt. These reductions more than offset the year-on-year increases in US export to China during May and June....
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WEEKLY June 28
Further Uptrend of Global Production & Trade in 2019
World production of biodiesel will probably turn out somewhat larger than expected hitherto and is now seen approaching a record 45 Mn T in Jan/Dec 2019...The price competitiveness of vegetable oils and by the same token of biodiesel versus crude mineral oil was relatively high in recent months, contributing to a further uptrend of the trade volume. The price spread widened in June, promoting demand for biodiesel...
--- World Market Prices in US-$/T ---
- 650 Ag/S
- July 11
- Coconut oil, cif Rotterdam
- 832 Ag/O
- July 11
- Rape oil, Dutch, fob ex-mill
- 377 Jy
- July 11
- Soybeans U.S., cif Rotterdam
- 458 Jy
- July 11
- Crude Palm Oil, fob Indo