WEEKLY June 14

    Ample Soybean Supplies in 2024/25

    At an estimated 665.5 Mn T in 2024/25, world production of 10 oilseeds will be approximately 30 Mn T above a year earlier, with biggest increases in Brazil, the USA, Argentina and Canada....

    Ample soybean supplies are anticipated in 2024/25, based on the assumption of generally favourable weather in the major producing countries....In contrast, our current forecasts point to a decline in world supplies of rapeseed and sunflowerseed by a combined 4 Mn T from a year earlier, mainly due to smaller carry-in stocks...


    WEEKLY June 14

    World Production Set to Rise by 1.9 Mn T in 2024/25

    World production is currently forecast to rise by 1.9 Mn T on the year to around 60 Mn T in 2024/25....In many countries farmers have expanded plantings of sunflowers at the expense of other crops, bringing the harvested area to a new high of 30.9 Mn ha (up 1.2 Mn ha from a year earlier)...




    WEEKLY June 14

    Global Production Deficit in Rapeseed & Canola in 2024/25

    The outlook for 2024/25 points to a global production deficit in rapeseed & canola, reduced supplies as well as comparatively high prices to accomplish the required demand-rationing....

    The prospective sizeable increase in Canadian canola output is likely to be more than offset by lower crops in other key countries, reducing world production of rapeseed & canola to a three-year low of an estimated 76.6 Mn T in 2024/25...


    WEEKLY June 7

    World Biodiesel Output Seen Reaching 62.7 Mn T in 2024

    Global biodiesel/HVO output seen growing by 3.5 Mn T in Jan/Dec 2024, bringing it to a new high of 62.7 Mn T. Biggest increases in the USA and Brazil...

    Sharply increasing usage of waste oils and inedible corn oil, primarily in the USA and Singapore, took some share of the feedstock market away from edible oils in the recent past, adding to the pressure on vegetable oil prices during the past 12 months....

  • EU-27

    WEEKLY May 31

    Higher Import Duties on Russia & Belarus Likely to Distort the EU Protein Market

    The EU Council has adopted the regulation to significantly increase tariffs on imports of grains and oilseeds from Russia and Belarus on May 30, applied as of July 1.....

    While the political goal of this measure is clear, quantifying the impact on the European market (primarily for proteins) is much more complex. Looking at oilseeds and products, the impact will be most severe for linseed and rapeseed meal. ... More details in the WEEKLY of May 31...


    June 2024

    Order Your OIL WORLD ANNUAL 2024 Now!

    Volatility was the key feature during the past 24 months, with prices of most agricultural commodities skyrocketing to unprecedented levels after the Russian invasion of Ukraine. The looming structural production deficit in vegetable oils as well as the increasing likelihood of more severe weather patterns are likely to keep volatility high in the years ahead. In these challenging times, fundamental market analysis is the key to your success. OIL WORLD reports provide a detailed analysis of the fundamental changes of oilseeds, oils & fats and oilmeals, both by country and by commodity.

    In the OIL WORLD Annual of 1988 – thus 35 years ago – we already pointed out that:

    “Obviously prices and the weather in the northern hemisphere in general and in North America in particular will be the factor No. 1 for the further development of supply & demand. Not knowing the future, we will have to make assumptions about it to arrive at any conclusions. The actual development of weather and prices will then have to be measured against our assumption and the conclusions be modified correspondingly, if necessary.”

    At least in theory, nothing has changed. What has changed is the size of our market. Back in 1988, world usage of 17 oils & fats reached 74.4 Mn T per annum. For Oct/Sept 2023/24 we forecast world consumption to reach a record 259 Mn T.

    Our comprehensive yearbook will become available soon - as 700-page print issue and on USB drive...



    WEEKLY May 31

    EU Import Duties Likely to Reshape Global Trade Flows

    Increasing EU import duties on Russian linseed are likely to reshape global trade flows in the 2024/25 season....

    Limited export supplies of linseed  in the rest of the world (primarily Canada and Kazakhstan) would curtail EU imports and crushings in coming months, tightening supplies of linseed oil and meal correspondingly.... Camadian seed manufactures reacted to the downtrend and significantly reduced their production which is seen limiting the increase in Canadian flaxseed cultivation in 2024 despite the improved demand outlook. However, we expect a sizable increase in the 2025 spring plantings if the EU Commission sticks to the plan of ...

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

    • 888 Jy
    • June 13
    • Palm olein RBD, fob Mal
    • 489 Jy/Ag
    • June 13
    • Rapeseed, Europe, cif Hamburg
    • 420 Jy
    • June 13
    • Soya Meal, fob Arg
    • 1068 Jy
    • June 13
    • Rape oil, Dutch, fob ex-mill