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 - November 2013
Summary : World oilcrop production could climb to an all-time high,supported by record soybean crops in South America.While large soybean crops point to a healthy expansion in world supplies of meals/cakes, global supplies of oils/fats should also rise thanks to a recovery in high oil yielding seed output and steady growth in palm oil. Moderate growth in world consumption of oils and meals is expected to continue. Global output of oilseed products should match world utilization for the second consecutive year, although a sizeable surplus is possible in the case ofmeals/cakes. As a result, further replenishments in worldstocks should be achievable, especially with regard to oilmeals. Based on current prospects, the stock-to-use ratio is projected to improve significantly from last season for meals, but to remain unchanged for oils/fats.The present 2013/14 outlook suggests there is scope for international meal prices to finally come down from their record high levels. Additional downward pressure on meal prices is likely to come from rising global supplies of feedgrains. As to the oils/fats market, adequate supplies and ample stocks are expected to keep prices stable at their current relatively low level. This season’s outlook relies heavily on the realization of bumper soybean harvests in South America. Any unexpected weather problem in the region would have a direct, strong impact on the global supply and demand situation. With traders closely monitoring weather developments in South America, prices in the oilseed complex are likely to remain volatile. While international trade in oils/fats is expected to keep expanding moderately, growth in meal transactions should rebound after last season’s slowdown. As meal prices become more a_ordable meal import demand should increase – although the abundance of feedgrains may temper such growth. 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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