FLASH Apr 16

    Veg Oil Imports Up Sharply in March

    Total imports of the major vegetable oils exceeded the year-ago level by 28% in March and by 12% in Jan/March 2019. Sunflower oil imports reached an all-time high of...

    Imports of RBD palm olein almost doubled on the year in March, while soya oil arrivals rockted in line with expectations to a six-month high...


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    WEEKLY Apr 12

    Canadian Canola Market in Motion

    The ongoing trade conflict between the two countries continues to largely block exports of Canadian canola to China and also shipments of canola oil and meal are apparently affected... The situation is becoming more and more critical for Canadian farmers with still record large volumes of the 2018 crop in the bins, low prices, and plantings of the 2019 crop about to start...

    We lowered our estimate of total Canadian canola disposals to 18.6 Mn T for Aug/July 2018/19, 1.5 Mn T less than a year ago. Under this assumption carry-out stocks may accumulate to a burdensome level of


    FLASH Apr 11

    Rising Soybean Demand

    Soybean imports and processing continue to increase steeply. Imports reached about 0.7 Mn T in Nov/Jan and are seen increasing to 1.0–1.1 Mn T in Feb/April 2019. We expect them to reach at least 3.3 Mn T in Oct/Sept 2018/19...


    WEEKLY Apr 5

    Soybean Imports Even Lower than Expected

    There is concern in South America about declining Chinese soybean purchases. As a result, total Brazilian soybean exports are likely to fall below expectations and also below last year in the April/June quarter...

    Chinese soybean imports and crushings will probably turn out smaller than expected in calendar year 2019 because of the developments in the pork industry. Sharper than expected reductions of pork numbers will reduce compound feed requirements. Although this is partly offset by ....


    WEEKLY Mar 29

    World Production Forecast to Increase by 3.7 Mn T in 2019

    Global production of biodiesel (including HVO) rocketed by 4.9 Mn T to a record 40.7 Mn T in Jan/Dec 2018 according to our latest estimates. The large increase was favoured by the price decline of major vegetable oils to multi-year lows as well as high competitiveness versus crude mineral oil. Biodiesel output was also promoted by policies aiming at reducing supplies and supporting prices of vegetable oils. This approach boosted biodiesel output in Indonesia by...

    Outlook 2019: We currently expect another relatively large increase in global biodiesel production of about 3.7 Mn T this year, of which ... Mn T in Indonesia and ... Mn T each in the USA and Brazil. Vegetable oil stocks are currently still ample but with the production growth diminishing in 2019 it will be more difficult than in 2018 to satisfy a strong demand pull from the energy sector. Palm oil prices have developed a premium over crude oil in recent months and fundamentals suggest that the premium will widen, affecting price-elastic portions of biodiesel demand....


    WEEKLY Mar 29

    Global Dependence on Palm Increasing

    The market sentiment for palm oil is still bearish. Recent reports about the European Union intending to ban palm oil for biodiesel and about the Philippines intending to curb palm oil imports (to support domestic producers) have added to the bearish sentiment, although the phasing-out of palm oil in the EU, if actually put in place, would not start before the year 2023...
    But fundamentals point to a different scenario: the global dependence on palm oil will be increasing this year. Significant increases in usage were already registered in the first 4-5 months of this season. For Oct/Sept 2018/19 we expect world imports of palm oil to rise by....

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

    • 800 My/Jy
    • April 11
    • Rape oil, Dutch, fob ex-mill
    • 373 Apr
    • April 11
    • Soybeans Brazil, cif Rotterdam
    • 510 Ap
    • April 11
    • Crude Palm Oil, fob Indo
    • 315 My
    • April 11
    • Soya Meal, fob Arg