Trade and markets
 

Oilcrops

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, preceded by a brief discussion of the key policy trends observed in the year under review. download latest issue

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 2019
Summary: In 2018/19, growth in global oilseed production is set to resume, with soybeans accounting for much of the expected increase, led by a strong production rebound in Argentina and a bumper crop in the United States of America. While higher soybean output would facilitate a rise in global meal production, growth in protein meal demand is forecast to come to a halt in 2018/19 – largely due to a decline in China’s soymeal uptake following the outbreak of African Swine Fever (ASF). Tied to the unexpected contraction in China’s domestic demand, as well as continued repercussions of the United States of America–China trade tensions, global trade in soybeans is expected to contract, while soybean/soymeal inventories are poised to rise sharply, notably in the United States of America. With global meal stocks heading towards unprecedented levels, international meals/cakes prices have continued trending downward. For oils/fats, subdued expansion in palm oil output due to continued production challenges in Southeast Asia is weighing on global production growth in 2018/19. By contrast, consumption growth could accelerate compared with last season, underpinned by attractive prices and more dynamic demand from the biodiesel industry. Nonetheless, global production is anticipated to exceed demand, likely resulting in a fresh rise in international oils/fats reserves. Accordingly, international oils/fats prices have continued to linger at multi-year low levels.Highly tentative projections for 2019/20 suggest that global oilseeds production could fall short of the current season’s level. Assuming a continuation of recent utilization trends, global demand for both vegetable oils and oilmeals could surpass forecast production levels, possibly triggering inventory releases and a retreat in stocks-to-use ratios, especially in the oils/fats market. Overall, given the current season’s massive carry-over stocks, the market for oilseeds and their derived products should continue to be characterized by a comfortable supply and demand situation in 2019/20 – barring unusual weather events and major policy changes, notably with regard to trade policies. link to 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.


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OECD-FAO Agricultural Outlook: Oilseed Projections 2019-2028
Highlights: During the outlook period, global soybean production is projected to continue to expand at 1.6% p.a., with the expansion of area harvested accounting for 53% of global output growth. With its domestic output reaching 144 Mt by 2028, Brazil will become the world’s largest producer, overtaking the United States, for which output is projected to be 121 Mt by 2028. Production of other oilseeds will increase by 1.4% p.a. over the next decade, reflecting slower growth relative to the last ten years, due in part to curbed demand for rapeseed oil as a feedstock in European biodiesel production. Crushing of soybeans and other oilseeds into meal (cake) and oil will continue to dominate usage and increase faster than other uses, such as direct food/feed consumption of soybeans, groundnuts and sunflower seeds. Overall, 91% of world soybean output and 87% of world production of other oilseeds are projected to be crushed in 2028. ... read 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.