FLASH Oct 16

    Booming US Crushings

    US soybean crushings progressed rapidly in September, exceeding the August volume (which is unusual) and rising by as much as 18% on the year. The ongoing elevated processing margins and huge US supplies of soybeans have indeed resulted in a reallocation of soybeans from exporters to crushers...


    WEEKLY Oct 12

    Bullish Price Outlook For Castor Oil

    Prices are likely to rise sharply if current indications of Indian production of castorseed falling to or below ... Mn T next season materialize, compared with 1.45 Mn T in early 2018. The Indian crop will receive a double blow from reduced plantings and unfavourably dry weather in several parts of Gujarat, an important growing area. Also, old-crop carry-over stocks will be comparatively low at the start of the new season...


    WEEKLY Oct 12

    Domestic Soya Meal Prices Up Sharply

    The rally in Chinese soya meal prices continues to be driven by concerns that supplies will tighten due to escalating trade tensions between the US and China. On the Dalian Commodity Exchange the most-traded Jan 2019 soya meal futures closed at a new contract high of Yuan/T 3485 on Oct 10 compared with 3168 a month earlier.

    The Chinese Feed Industry Association is reportedly considering to cut the amount of protein required in pig feeding, providing....


    WEEKLY Oct 12

    Exports of Rape Meal to China About to Start

    Export sales of Indian rapeseed meal to China will soon be allowed, according to.... With Indian stocks of rapeseed/mustardseed still comparatively high, meal export sales would give crushings a boost...

    China may turn into a major export market for Indian rapeseed meal and soya meal. If authorization is finally given for the two meals, combined Indian shipments to China could reach.... Thd T a month...


    WEEKLY October 5

    World Production to Rise by 4 Mn T in 2018

    World production of biodiesel is estimated at roughly 39.9 Mn T in 2018 (including HVO). This year's production is about 10 Mn T or one third higher than three years ago when high feedstock prices curbed production. The steep increase of biodiesel production in 2018 by approximately 4 Mn T is favoured by a combination of these factors:

    • Ample world supplies of vegetable oils in general and of palm oil in particular have led to competitive pricing in the energy sector, promoting the fulfilment of mandates and....
    • Mandatory admixture of biodiesel has increased this year in key countries, above all in...

    Globoil 2018

    Palm Oil Prices Undervalued

    Current palm oil prices are undervalued. Consumption is now accelerating in the energy sector as well as for food purposes. Palm oil is currently unusally attractive relative to fossil fuels. At the same time, the growth in palm oil production is slowing down. We expect a moderate increase in prices. World palm oil stocks are seen peaking in Nov or Dec 2018.

    For Jan/Sept 2019 a global production deficit is considered likely, as discussed by Thomas Mielke in his presentation on the vegetable oil outlook given at Globoil India 2018 on Sept 28.  The presentation slides can be downloaded below...


    WEEKLY Sept 28

    Global Crushings Seen Increasing by Only 7 Mn T in 2018/19

    The by and large unhindered flow of oilseeds from the key producing to the major consuming countries has been the prerequisite for the steep uptrend of global oilseed processing with increases of 21.0 Mn T in 2016/17 and an estimated 17.8 Mn T in Oct/Sept 2017/18. With China accounting for almost one quarter of global oilseed crushings in the most recent season, the de facto interrupted flow of US soybeans to China is having major repercussions on the global oilseed supply and processing chains. We currently forecast world crushings of 10 oilseeds to increase by only 7.2 Mn T in Oct/Sept 2018/19 with one of the major effects being an...

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

    • 346 N
    • Oct 11
    • Soya Meal, fob Arg
    • 505 N
    • Oct 11
    • Crude Palm Oil, fob Indo
    • 663 N
    • Oct 11
    • Soya oil, fob Arg
    • 840 N/D
    • Oct 11
    • Coconut oil, cif Rotterdam