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Tuesday, 22 January 2019
Market Report

Market Report December 2018
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General Oils and Fats complex

Castor Oil

As per latest Government data, sowing completed for 533,789 ha against 595,600 ha in 2017, which is 17.46% less than previous year. Last three average sowing were at 648,533 ha. Despite good castor seed price, arrival of seeds were restricted to 20,000 bags which indicate the Carry over for 2018 is likely to be below 200,000 tons maximum. Our prediction for 2019 is 0.9 Million tons crop plus 0.2 Million tons of carry over totaling 1.1 Million tons total seed for 2019 against expected consumption of 1.4 Million tons.

Key products from the GUSTAV HEESS production in the USA

Reservoir Levels/Rain

Reservoir Levels are right in line with normal values, with good carry-forward heading into the upcoming rainy season.

Pistachio Oil

Pistachio receipts at the end of November were only at about 800 million lbs in contrast to the predicted one billion lb crop. Demand for Pistachio is further increasing and shipments are strong, the price is steady and quality of the crop is good.


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