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Trade and markets
 

Oilcrops

 

Price indices for oilcrops and derived products
The indices are derived from a trade-weighted average of a selection of representative internationally traded products. Please note that in November 2013 some modifications have been introduced to the way the indices are calculated ; for details and to access the series of indices along with commentary on latest price developments click here.

Oilcrops, oils and meals market assessment - June 2017
 Summary : FAO’s latest forecasts for the 2016/17 season (October/September) point towards an easing of the supply and demand balance for oilseeds and oilcrop products.Driven by outstanding yield levels, global oilseed production is expected to leap to an all-time high in 2016/17.Much of the anticipated rise will be on account of soybeans, with favourable growing conditions boosting output in almost all key producing countries. Global rapeseed production,by contrast, is expected to post further losses, due to lower plantings and adverse weather. Palm oil production is set to rebound in 2017, as palms in Southeast Asia recover from the protracted effects of dry weather in 2015–2016. On aggregate, the current forecasts translate into a marked expansion in global output of oilcrop products. However, growth in total availabilities – especially of oils/fats – would be less pronounced due to relatively low carry-in stocks. On the demand side, relatively sluggish growth in oils/fats consumption is expected to continue, reflecting limited total supplies and/or modest economic growth in some countries, together with slowing demand from the biodiesel sector worldwide. More robust growth is observed in meal consumption, supported by steady demand from the livestock sector. With production of oilseed products anticipated to exceed utilization, especially in the case of meals/cakes,sizeable replenishments in global stocks are expected, resulting in higher stock-to-use ratios. Responding to the positive supply and demand outlook, international prices of oilseeds and oilseeds products embarked on a downward trend towards the middle of the 2016/17 season. Highly tentative projections for the 2017/18 season, which starts in October 2017, indicate that global oilseed production could match the current season’s record. The forecasts translate into a record output of oils/fats, while meals/cakes output could slip below the current season’s alltime high. Taking into account carry-in stocks and assuming a continuation in current utilization trends, the supply and demand balance for oils/fats could ease further, while markets for meals/cakes should remain well supplied – thus providing scope for oilseed and oilseed product prices to stabilize at their current relatively low levels in the coming months. Read full document


The Oilcrops Monthly Price and Policy Update (MPPU) is an information product provided by the oilseeds desk of the Trade and Markets Division. As a complement to our bi-annual market reports, this brief note follows two purposes: first, to review the development of international prices for oilseeds, oils and meals as reflected by FAO’s specific price indices and second, to spot recent policy and market events - selected from a variety of sources - that are deemed important for the global oilseed economy. The brief shall be issued in the second week of each month, for a total of 10 issues per year. The note, which will be available in English only, will be posted on this web page as well as sent to subscribers of the Oilcrops Market Network.


Oilcrops Market Network - Free subscription!To subscribe to the network, please send an e-mail to mailserv@mailserv.fao.org leaving the subject blank and then put in the first line of the message the following: subscribe Oilcrops-L.
See dedicated page: oilcrops market network.


Oilcrops complex - Policy changes and industry measures – Annual compendium The compendium offers an overview of salient government policies and related private sector measures concerning global and national markets for oilcrops and derived products. Its purpose is to facilitate the work of policy makers, market experts, analysts and other interested stakeholders by providing a short, concise overview of policy developments relevant to the sector. Detailed news items are presented in tabular form – in English only –, preceded by a brief discussion of the key policy trends observed in the year under review. download

OECD-FAO Agricultural Outlook: Oilseed Projections 2017-2026
Highlights: In nominal terms all oilseeds and oilseed product prices are projected to increase slightly over the outlook period. Due to saturated per capita food demand, stagnation in the biodiesel sector and ongoing livestock intensification in many emerging economies,vegetable oil prices will decline further than protein meal prices in real terms over the outlook period. Prices for soybeans and other oilseeds are also projected to decline in real terms. Nevertheless, volatility should be expected due to market uncertainties. ... (more)
» Full chapter on oilseeds, oils and meals
See also:
» Chapter on biofuels (ethanol, biodiesel)

Oilcrops

Oil crops include both annual (usually called oilseeds) and perennial plants whose seeds, fruits or nuts are either consumed directly as food or crushed to obtain oil (used by the food, oleochemical, biofuel and other industries) as well as protein-rich meal (used as feed in the livestock sector).

Some of the crops included are also fibre crops in that both the seeds and the fibres are harvested from the same plant. Such crops include coconuts, kapok fruit, cotton, linseed and hempseed.