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Monday, 30 March 2020
Market Report

Market Report February 2020
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General Oils and Fats complex

Vegetable Oils

During the year, the vegetable oil prices are probably going to become firmer due to fundamental data by analysts. First, one must consider the decreasing palm oil production. At the same time, the worldwide consumption is estimated to increase by 2.5 %.

Soybean Oil

The soybean oil production will increase slightly (around 1.5 %) compared to the previous year. However, the demand could increase, too. This is especially due to the demand from the biodiesel sector.

Sunflower Oil

Sunflower oil has recently been a very attractive alternative for soybean oil in terms of price and refining capacities are almost completely sold. For the spot market one pays higher premiums. In total, the world production is estimated to increase by 5 % compared to last year. However, the exact quantities are still not predictable due to the unforeseeable production in Ukraine and Russia. The quantities could be sold faster than in the previous year, especially because of the smaller palm oil production.


Rapeseed Oil

The worldwide production is still decreasing, so that cheap alternatives are interesting. The earlier positions are scarce, there may only be ease with the coming crop.

Olive Oil


The Spanish harvest is going to be smaller this season 2019/2020. Specialists expect an oil production of around 1 million tons. This is considerably less than last season (1.8 million tons). However, there are significant stocks in Spain from the last season. Overall, the sensory is rather poor this season. In many cultivation areas the fruitiness is missing, which is traced back to the heavy rain falls in December 2019. The price level for olive oil is still attractive, since crops in Italy, Greece, Tunis and Turkey are good and therefore Italy will not import too many Spanish quantities.

Key products from the GUSTAV HEESS production in the USA

Almond Oil

Demand is strong and the prices are firm despite weaker shipments to China.

Water level

Reservoir levels continue to be above historical average. The snowpack is down from average, but there is still plenty of time for snow.

China Tariff

Media reports that China agrees to buy $50 billion in US Agriculture – but nobody knows yet the details of this agreement and the impact this will have on prices and availability.

Walnut Oil

Last year was a strong year for the walnut industry with much higher prices and a lot of cracking of Walnuts being done in California.

Market report as PDF-file


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Groundnut oil

Groundnut oil is obtained from peeled ...



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Jojoba oil

Jojoba oil (synonym: liquid jojoba ...



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Pumpkin seed oil

Pumpkin seed oil is obtained from drie...



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Wool fat

Lanolin (synonyms: wool wax, wool grea...


Organic products

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Argan oil

The argan (Argania spinosa) is a speci...