• 8 OILS & FATS

    MONTHLY Aug 16

    Need to Ration Veg Oil Demand in 2019/20

    Outlook 2019/20: The growth in world production of palm oil and palmkernel oil will slow down pronouncedly and a setback is expected in coconut oil. Furthermore, world oilseed production will probably diminish more than anticipated and this will curb veg. oil production....

    We currently assume that world consumption will exceed production by 1.4 Mn T in 2019/20, enforcing a pronounced reduction of stocks....

  • 8 OILMEALS

    MONTHLY Aug 16

    Soya Meal Prices Under Pressure

    Prices of soya meal continued to decline in recent weeks in many parts of the world, pressured by abundant supplies and stiff competition between major exporters while global demand fell short of expectations... Furthermore, a substantial recovery in this year's world production of wheat and a further growth of the corn crop and export supplies both in South America and the CIS countries are making it increasingly difficult for soya meal to find demand....

  • RAPESEED

    MONTHLY Aug 16

    EU Prices Expected to Rise

    European rapeseed prices are currently undervalued, in our opinion, in view of this season's prospective severe supply shortage. Latest official data indicate an even lower than previously estimated harvested area in...

    Further deteriorating EU supplies are currently not reflected in rapeseed prices with nearby futures on the MATIF up less than 1% in the month to August 13. Key implications of the diverging fundamental and price trends in the FLASH...

  • MALAYSIA

    MONTHLY Aug 16

    Palm Oil Stocks at 12-month Low

    Palm oil stocks declined to a 12-month low of 2.39 Mn T as of end-July 2019. Consumption outpaced production with total Malaysian palm oil exports up 1.4 Mn T from a year earlier in Jan/July, while production increased by 1.1 Mn T...

    Malaysian stocks of palmkernel oil were still high at the end of July ... We expect palmkernel oil stocks to decline in the next 12 months on account of a slowing-down of the production growth and on the assumption of a further increase in domestic use and exports...

  • SOYBEANS

    WEEKLY Aug 9

    Aggravating Trade Conflict

    China's current determinedness to curtail soybean imports from the US will further aggravate the shortage of imported soybeans in July/Dec 2019.  The country will need to buy additional volumes of US soybeans in the remainder of 2019 to avoid an aggravating shortage on the domestic market. 

    The soybean  shortage in China may lead to a supply shortage in South America towards the end of the year...

  • RUSSIA & UKRAINE

    WEEKLY Aug 2

    Oilseed Plantings Above Expectations

    Oilseed production and crushings are likely to exceed expectations in 2019/20, boosting output and export supplies of vegetable oils from the two former Soviet Union republics...

    Total plantings of the four major oilseeds turned out higher than assumed hitherto in Russia, primarily on account of sunflowerseed and linseed, while sowings of rapeseed fell partly short of expectations. This has led us to raise our estimate of this year's combined oilseed production to a new high of...

  • CHINA

    WEEKLY Aug 2

    Tight Rapeseed Supplies Fuelling Imports of Rape Oil & Meal

    Imports of rapeseed & canola dropped by more than 50% in June, reducing cumulative arrivals in Jan/June to a six-year low of 1.9 Mn T. The severe decline in Chinese rapeseed & canola imports – at least until the current China/Canada trade conflict is resolved – will require ongoing large arrivals of rapeseed oil & meal also in the second half of the year, propelling combined imports to a new high in 2019....

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

    • 366 Ag
    • Aug 15
    • Soybeans U.S., cif Rotterdam
    • 678 S
    • Aug 15
    • Soya oil, fob Arg
    • 540 S
    • Aug 15
    • Crude Palm Oil, fob Indo
    • 710 S/O
    • Aug 15
    • Coconut oil, cif Rotterdam