• Biodiesel

    FLASH Mar 30

    Biodiesel Production Forecast to Increase By 1.1 Mn T


    We tentatively peg world production of biodiesel at 34.7 Mn T in 2017.

    This implies a relatively small increase of 1.1 Mn T, following a boost of 4.0 Mn T in 2016...

  • Olive Oil

    FLASH Mar 30

    Prices Continue to Rise

    Latest estimates confirm unusually low production of olive oil in the European Union...

  • POC


    Global Supply, Demand and Price Outlook for Vegetable Oils as well as for Palm Oil

    Global Supply, Demand and Price Outlook for Vegetable Oils as well as for Palm Oil

    The following is a summary of major comments given by Thomas Mielke in his presentation at the Price Outlook Conference in Kuala Lumpur on March 8, 2017

                World consumption of oils & fats has been very strong with an average annual growth of 6.4 Mn T in the most recent 5 years, of which 1.6 Mn T used for the production of biofuels and 4.8 Mn T for other purposes (mainly for food). Biodiesel consumption accounts for approx. 15% of world consumption of all 17 oils & fats. During the past 25 years world production of 17 oils &fats increased by more than 150%. Palm oil accounted for most of the increase and now accounts for 30% of world production.


  • Data Update

    March 2017

    Order Your OIL WORLD Statistical Update Now!

    The March OIL WORLD DATA BASE with the following features to be released March 31:

    • Data for the 10 major oilseeds, 17 oils & fats and 12 oilmeals 2016/17 world supply & demand forecasts for the key oilseeds, oils & fats and oilmeals

    • Monthly prices from January 2001 to March 2017 for 28 key commodities

    • Monthly crush, production, trade & stocks estimates until Sept or Dec 2017 for key countries

    • OIL WORLD‘s latest estimates for Jan/Dec 2016 and Oct/Sept 2016/17 -- all by country. Quarterly breakdown of world supply & demand until July/Sept 2017


    MONTHLY Mar 24

    Decline in Veg. Oil Prices not yet Substantiated

    The sizable decline in vegetable oil prices in February and March is not yet substantiated by the fundamentals. We have pointed out in the MONTHLY of March 24 that the year-on-year increase in world production of 17 oils & fats by 2.9 Mn T from a year earlier in Jan/March 2017 has not been enough to prevent another global production deficit. Therefore, world stocks will fall to a new low as of end-March 2017. Our estimate of 26.9 Mn T is down 4.4 Mn T from a year earlier.
    The current low stocks will keep world supplies of 17 oils & fats relatively tight also in April/June 2017...

  • India

    FLASH Mar 23

    Imports of Veg. Oils Likely to Decline in 2016/17


    Rising domestic production, a slowdown of the consumption growth and a reduction of stocks are resulting in a decline of Indian vegetable oil imports in 2016/17. Total imports are seen decreasing by 03-0.4 Mn T from the record...

  • Soybeans

    FLASH Mar 21

    Record Brazilian Soybean Exports Expected in 2017

    Brazilian soybean exports are now estimated to be boosted to a new high of 61 Mn T in calendar year 2017, up 9.4 Mn T from last year! The increase in exports could be even higher, considering that the Brazilian soybean crop will rise by an estimated 12-15 Mn T... Also Brazilian soybean crushings were record high in early 2017. We estimate them at ...

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

    • 715 Apr
    • March 23
    • Palm olein RBD, fob Mal
    • 1230 Apr
    • March 23
    • Palmkernel oil, cif Rotterdam
    • 407 Apr
    • March 23
    • Soybeans Brazil, cif Rotterdam
    • 385 Apr
    • March 23
    • Sunseed, fob Black Sea