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INDIA
WEEKLY Nov 1
Soybean Crushings Affected by Low Soya Meal Export Sales
Indian soybean processors are struggling with declining soya meal prices on the world market and large imports of soya oil from Argentina....We currently consider it likely that Indian soybean crushings will decline by 0.5-0.6 Mn T in Oct/Sept 2024/25 despite this year's large crop. This is based on the assumption that exports of soya meal will be limited to...
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FISH MEAL
WEEKLY Oct 25
Peruvian Production Seen Rising in Nov/Jan 2024/25
Peruvian production of fish oil & meal is likely to exceed initial estimates in Nov/Jan 2024/25, following the largest catch quota for the second fishing season in four years. This favourable production outlook as well as record Chinese stocks in early October are likely to keep fish meal prices under pressure in the nearby....
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SOYBEANS
WEEEKLY Oct 25
Soybean Disposals Up Sharply in July/Sept
Soybean disposals increased sharply from a year earlier in July/Sept 2024, benefiting from tightening supplies of rapeseed and sunflowerseed as well as from widening price discounts....This is also reflected in rising soybean imports – a trend which we expect to continue in the full 2024/25 season...
Our analysis of soybean demand in 7 exporting countries shows substantial year-on-year increases in combined soybean crushings and net exports by...
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8 OILS
MONTHLY Oct 18
Demand Rationing Probably Starts Already this Quarter
The season 2024/25 has started with partly massive price increases in vegetable oils as opposed to the preceding season. Ample supplies of soya oil have brought relief to consumers in recent months in view of the massive decline in world exports of palm oil. While large global soybean supplies are in prospect, soya oil can probably not offset shortages in competing vegetable oils in coming months to the extent many consumers are hoping for...
World exports of eight oils are forecast to decline by 1.3 million to a 3-year low of 89.9 Mn T in Oct/Sept 2024/25, led by reductions in sunflower oil exports from Ukraine and Russia... -
8 OILMEALS
MONTHLY Oct 18
Soya Meal Exports Seen Reaching a Record 79 Mn T in 2024/25
The severe decline in softseed crushings is seen changing global production and trade flows of oilmeals in 2024/25, resulting in another above-average increase in world soya meal exports. The by far biggest increase is expected in shipments to the EU-27 to at least partly offset the looming shortage of rapeseed and sunflower meals....
World soya meal exports are now estimated to reach a record 79.2 Mn T in Oct/Sept 2024/25, up 4.4 Mn T on the year and sharply above the most recent 5-year average ... More details in the MONTHLY...
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BIODIESEL
WEEKLY Oct 11
Feedstock Shortages Will Limit Biodiesel Production in 2024/25
The growth in biodiesel production and consequently also in the required feedstock volumes has become unsustainable of late. In 2024/25 the discrepancy between ambitious national biofuel targets and tightening feedstock supplies is seen widening. This dilemma can probably be solved only by a proactive downward adjustment of admixture mandates and/or an underfulfillment of them via market forces...
Admixture targets can probably not be fulfilled in the USA, Indonesia and Brazil. Growth in world production of biodiesel/HVO in 2025 will be curbed below the increase of 4.1 Mn T shaping up this year....Latest OIL WORLD estimates in the Weekly of Oct 11...
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MALAYSIA
WEEKLY Oct 11
Palm Oil Exports Up Sharply in September
Malaysia boosted palm oil exports by 1.0 Mn T from a year earlier to 4.77 Mn T in July/Sept 2024, thereby raising its share of world exports to at least 36% from 27% both one and two years earlier....
Total Malaysian palm oil stocks recovered to 2.01 Mn T as of end-Sept, but the year-on-year decline widened to 0.3 Mn T. Stocks are seen declining seasonally from now on until about March next year....
--- World Market Prices in US-$/T ---
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- 1140 N
- Oct 30
- Palm olein RBD, fob Mal
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- 562 D
- Oct 30
- Rapeseed, Europe, cif Hamburg
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- 1120 N
- Oct 30
- Soya oil, fob Arg
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- 346 D
- Oct 30
- Soya Meal, fob Arg