• AUSTRALIA

    FLASH Oct 21

    Canola Exports to Increase by 1 Mn T in 2020/21

    The sizeable recovery in production and ongoing strong global import demand, primarily from the EU, are boding well for a significant  uptrend of Australian canola shipments in coming months....

    Harvesting of this year’s canola crop is gaining momentum in most growing regions, but it will take another 2-3 weeks before representative yields will be available. We have raised our estimate of this year’s Australian canola production to ...

  • BRAZIL

    FLASH Oct 20

    Soybean & Corn Import Taxes Reduced

    Brazilian import taxes were reduced to zero for corn as well as for soybeans and products to ease the domestic shortage. So far, the tax on imports from countries outside Mercosur was 8% for soybeans and corn, 6% for soya meal and 10% for soya oil. The tax reduction to zero will be valid until January 15 next year and for corn even until March 31....

  • SUNSEED & OIL

    WEEKLY Oct 16

    World Sunseed Production down 4.8 Mn T in 2020/21

    World production of sunflowerseed will plummet to a three-year low in 2020/21, necessitating sizable rationing of disposals all over the globe. The extent of the reduction is still uncertain... Latest OIL WORLD estimates in the FLASH...

    Prices of sunseed and oil have already adjusted to the "new reality", but there is probably additional upward potential. The price elasticity of demand in countries where imports and consumption of sun oil have soared in recent years (e.g. India and China) is a key variable to watch...

  • PRICE OUTLOOK

    SEA Webinar Oct 8

    Sunflower Oil Prices to Remain High

    We expect sun oil prices to command price premiums of at least US-$ 150-200 over soya oil in the next 3-6 months. Sun oil is also likely to widen price premiums over rapeseed oil and palm oil in view of the sharply lower than expected world production and export supplies.

    We expect palm oil prices to trade sideways, probably slightly lower in the next 6-10 weeks, on the assumption that Malaysian palm oil stocks will recover from the unusually low level registered in September...Summary of the presentation given by Thomas Mielke at the SEA webinar on Oct 8 below...

  • MALAYSIA

    WEEKLY Oct 16

    Palm Oil Stocks Still Low in early October

    Palm oil stocks are still tight in Malaysia due to below-potential production and large exports. The Malaysian Palm Oil Board (MPOB) released end-stocks at only 1.73 Mn T, hardly changed from a month earlier, down steeply from 2.45 Mn T a year earlier and the lowest for this time of the year since 2016....

  • USA

    WEEKLY Oct 9

    Soybean Exports Up Sharply in September

    US soybean exports were boosted to a new September high of 6.4 Mn T, based on the reported inspections. This is 2.5 Mn T or 63% above the volume reported by US Census for Sept 2019... China was again the biggest destination for US soybean export inspections in the week to Oct 1, raising the total....

  • GROUNDNUTS

    WEEKLY Oct 2

    Booming Trade and Decimated Indian Crop

    World production of groundnuts is currently forecast at 32.7 Mn T (without shells) in 2020/21, about 0.4 Mn T less than expected a month ago but still reflecting a sharp increase of 1.8 Mn T from last season. Too much rain damaged the groundnut crop mainly in India and to some extent also in parts of China. Our latest global supply and demand estimates for groundnuts, oil and meal until 2020/21 are shown in the statistical section of the WEEKLY report....

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

    • 912 N/Ja
    • Oct 15
    • Rape oil, Dutch, fob ex-mill
    • 438 N
    • Oct 15
    • Soya Meal, fob Arg
    • 740 N
    • Oct 15
    • Crude Palm Oil, fob Indo
    • 510 N/D
    • Oct 15
    • Sunseed, fob Black Sea