Deutsch (DE-CH-AT)English (United Kingdom)

fr

Thursday, 14 November 2019
News
Market Report November 2019
Print E-mail
General Oils and Fats complex

Soybean Oil

Sonne

In the last days soybean oil prices have increased. This is mainly due to the still ongoing trade dispute between USA and China. Additional reasons for the firm prices are the dry weather conditions in Brazil and the political uncertain situation in Argentina, where the Peronist candidate Alberto Fernandez from the Kirchner camp has good chances in the next presidential elections. Furthermore, palm oil prices are also increasing after production is declining and the blending quota for biodiesel may increase to 20 % or 30 % in Malaysia and Indonesia.

Sunflower Oil

Due to the development on the palm oil market sunflower oil is getting more interesting as Eastern Europe, Ukraine and Russia report record harvests. Therefore, huge quantities are available which could lead lower soybean oil prices in the mid-term. However, earlier positions became expensive, since the processing capacities are fully utilized.

Rapeseed Oil

Rapeseed

The rapeseed oil prices in Europe have increased again during the last week. This is due to the firmer palm oil quotations as well as the smaller harvests within the EU. In Canada the harvest is still not completed, but prices have fallen there.

Linseed Oil

The linseed prices in the major cultivation areas Russia and Kazakhstan as well as in the most important import locations of the EU increased from beginning of September to end of October by 35 – 40 USD, which accounts for 9-10 %. In the last week there was an additional price increase on which sellers in Northwestern Europe asked for a five year’s high price at 485 USD, which is a 30 USD rise in comparison to the previous year. Due to the unusual hot and dry weather in July this year’s linseed production in Kazakhstan could be worse than expected. Additionally, the precipitation end of September could have affected quantity and quality of the current crop. According to the ministry of agriculture in Kazakhstan the average grain yield decreased by 15 % in comparison to the year before.

Linseeds

Key products from the GUSTAV HEESS production in the USA

Almond Oil

It is still too early to predict the crop size. Overall, farmers are reporting the nuts to be smaller. Especially around our production facility the bacteria blast we covered in previous reports did hurt the yield. In addition domestic and world wide shipments are strong and thus prices remain stable.

Walnut Oil

Harvest is estimated to be down by around 8%. Early varieties (Hartley, Ivanhoes, Howard, Tulare) were down in volume, the nut saving the total production is the late variety (Chandler). Shelled walnut prices are very solid, so there should be more cracking going on.

Pistachio Oil

Crop size is down and we are hearing a lot of reports about blanks. The biggest handlers have been aggressive in raising the pricing for new and old crop, all other handlers are following.

Market report as PDF-file
 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  Next 
  •  End 
  • »


Page 1 of 2

Pharmaceutics

News image

Cod-liver oil

Cod-liver oil is obtained from fresh o...

more

Cosmetics

News image

Cocoa butter

Cocoa butter is obtained by pressing a...

more

Food

News image

Sunflower oil

Sunflower oil is obtained by pressing ...

more

Chemistry/Technics

News image

Palm kernel oil

Palm kernel oil (crude palm kernel oil...

more

Organic products

News image

Pomegranate seed oil

The Pomegranate tree is one of the old...

more