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 - May 2014
Summary : World oilseed production is forecast to rise to an all-time high in 2013/14, allowing output of meals and oils to expand at above-average rates. An important exception is palm oil, which may be subject to a significant slowdown in production growth. With regard to domestic availabilities, most of the key producing/exporting countries are forecast to see significant year-on-year improvements, except theUnited States, where supply is constrained by low carryin stocks. Global consumption of both oils and meals is set to continue expanding, stimulated by higher supplies and driven by growing demand in developing countries in Asia. However, global meal consumption could grow less than anticipated, given unexpectedly firm international meal prices and improved global availability of maize. As for vegetable oils, additional demand from the biodiesel sector is expected to contribute to consumption growth. As the world supply and demand situation improves, world stocks, especially of oilmeals, are expected to be replenished. However, this will not apply to soymeal inventories in the United States, which are projected to continue falling, dragging the country’s stock-touse ratio to an all-time low. As for oils/fats, the global stock-to-use ratio is estimated to recover only partially from last season’s low level. The recent appreciation of vegetable oil prices and the continued firmness in meal values have to be seen against this background. Concerning trade, global transactions in oils/fats are expected to grow only moderately, while trade in meals/cakes is set to increase sharply. With South America’s record soybean crop finally entering the market and a likely slowdown in China’s import demand, the global supply and demand situation for oilseed and meals should ease substantially in the coming months. By contrast, the outlook for vegetable oil markets remains mixed.Read full document
The Oilcrops Monthly Price and Policy Update (MPPU) is a new 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.
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