• CHINA

    FLASH Mar 20

    Vegetable Oil Stocks Declining in China

    Current high palm oil prices on the Dalian Commodity Exchange, which command a premium of soya oil futures, are an indication of the tight supplies in China. The reduction of stocks was quite significant in recent months. Palm oil imports plummeted by 28% on the year to 662 Thd T in the first two months of this year, which was insufficient to cover demand.....

    Latest trade data for vegetable oils and oilmeals in the FLASH....

  • U.S.A.

    FLASH Mar 19

    Soya Oil Stocks Recovery to 9-Month High

    Larger than expected soybean crushings and ongoing rather subdued domestic soya oil demand (primarily as feedstock for biodiesel/HVO) set the stage for a further recovery in total US soya oil stocks to an estimated 1.0 Mn T as of end-Feb, a 9-month high but still 4% below the year-ago level.....

  • SOYA OIL

    WEEKLY Mar 15

    World Trade Flows of Soya Oil Set to Change in 2024

    World export supplies of soya oil will benefit from recovering production in Argentina but remain limited owing to increasing domestic requirements in Brazil in 2024. Furthermore, the uptrend of Argentine exports of soya oil to North America is additionally limiting availabilities for importers in Asia and elsewhere....

    We have reduced our forecast of soya oil exports to 1.7 Mn T in Jan/Dec 2024, 0.6 Mn T less than registered last year....More details in the Weekly...

     

  • INDIA

    WEEKLY Mar 15

    Vegetable Oil Stocks Falling to 18-month Low

    Sizably increasing consumption exceeded production & imports in recent months, necessitating a sharp reduction of vegetable oil stocks to an 18-month low of 2.38 Mn T at the end of February....

    While stocks in India are not yet critically low, a sizable pickup of import volumes will be required in the remainder of this season....

  • PRICES

    WEEKLY Mar 8

    Prices of Soya Oil Seen Rising Above Those of Palm Oil in Coming Months

    We expect palm oil to lose its price premiums over soya oil and sun oil in April or May. This is likely to occur by an appreciation of soya and sun oils rather than by independent weakness of palm oil. Palm oil has already been at a price premium vis-a-vis other edible oils since December owing to lower than expected world production in Jan/March 2024, which we anticipate to result in a global production deficit and a decline of world palm oil stocks this quarter.

    In our opinion, Argentine soya oil is undervalued in the deferred positions. We expect the price premiums of palm oil to narrow in coming months mainly via an appreciation of soya oil and sun oil prices. More details in the WEEKLY of March 8...

    Monthly average prices of oils & fats of the past 10 years have been updated until February 2024 click here to order

  • SOYBEANS

    WEEKLY Mar 8

    World Soybean Exports Exceeded the Year-Ago Level in February

    Soybean exports of six key countries increased by 1.2 Mn T on the year in February and 3.2 Mn T in Sept/Febr 2023/24, led by Brazil. Combined shipments to China increased by 2.2 Mn T and to the rest of the world by 1.0 Mn T so far this season......

    Soybean prices were more than 20% lower than a year ago in February. This facilitated a pronounced increase of disposals in six key countries to ...

  • USED COOKING OIL

    WEEKLY Mar 1

    UCO Imports Up 29% in Oct/Dec

    Imports of used cooking oil (UCO) gained momentum at the end of last year, raising the global trade volume further to a new high in 2023.

    The trade flows changed significantly: The booming US biofuel industry became the key pull factor, tightening supplies for other markets such as the EU-27, where UCO imports declined by 15% to 1.6 Mn T in Jan/Dec 2023. In fact, the USA overtook the EU as the world's largest importer of UCO in Oct/Dec 2023...

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

    • 985 Ap
    • March 21
    • Palm olein RBD, fob Mal
    • 493 My
    • March 21
    • Rapeseed, Europe, cif Hamburg
    • 393 Ap/My
    • March 21
    • Soya Meal, fob Arg
    • 1031 Ap
    • March 21
    • Rape oil, Dutch, fob ex-mill