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Tuesday, 15 October 2019
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Market Report October 2019
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General Oils and Fats complex

Soybean Oil

The market has been changing between bullish and bearish tendencies lately. The bulls expect that China might purchase more soybeans during the trade negotiations than expected. Moreover, stocks are running low in South America. The big US stocks could also decrease within the next months due to the higher demand. The South American crop expectations are mixed due to drought. The bio diesel production is reaching a record level in 2019, which is a 10 % increase compared to the previous year. On the other hand, the bears expect high US stocks in spite of increasing Chinese demand. The spreading swine flu epidemic is leading to lower demand on the feed market. The lower mineral prices reduce the demand for biodiesel. Consequently, the market will be staying very volatile and react on external events (politics, weather etc.) significantly.

Sunflower Oil

Sonne

A premium on soybean oil was paid for sunflower oil in the past. Since the drastic production extension in the Ukraine, Russia and Romania exported sunflower oil quantities have reached the level of soybean oil. Thus, it has become to a cheap alternative and also a “price leader” as an orientation for other oils.

Rapeseed Oil

The rapeseed oil supply in Europe is smaller than expected. The crop losses in Australia will limit European imports and therefore the availability. Rapeseed oil will keep its high premium on sunflower oil and soybean oil, since the demand is continuously high.

Key products from the GUSTAV HEESS production in the USA

Almond Oil

Locally in Stanislaus County, the bacteria blast we reported about in our last report, did hurt the yield and reports show as low as 600 lbs/acre. But, the farmers down south and up north are doing good and yields of over 2200 lbs/acre with great quality but smaller nut size are reported. The 2018 carry forward inventory is about the same as last year and overall the market is healthy and the prices remain stable.

Almond

Walnut Oil

Walnut oil

Just in time for harvest, the valley received 0.1” to 1.0” (2.5 – 25 liter/m2) of rain mid-September which is perfect for the walnuts as the rain helps split the husk. Harvest for walnuts will be in full swing in all areas of the valley by the beginning of October and the shellers have already been receiving crop and are starting up in week 40.

Pistachio Oil

Quality and sizing from harvest is putting upwards pressure on the price of this nut. Demand from Europe and Asia is growing, and there is a 7.8% growth in domestic demand and so prices will continue to increase in 2020.

Market report as PDF-file
 
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Pharmaceutics

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Sesame oil

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Cosmetics

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Grapeseed oil

Grapeseed oil is obtained from the ...

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Food

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Maize-germ oil

Maize-germ oil is obtained from seedli...

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Chemistry/Technics

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Wool fat

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

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Organic products

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Macadamia nut oil

Macadamia nut oil is gained from the...

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