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 - October 2014
Summary : The current outlook for the 2014/15 marketing season points to a further improvement in the global supply and demand balance for oilseeds and derived products. Global oilseed output is forecast to exceed last season’s record due to further expanding of soybean production. Thanks to record plantings and near-ideal growing conditions, the United States is set to harvest another bumper soybean crop, while further gains in planted area seem likely in South America, considering that relative prices continue to favour soybeans over maize. For oilseedsother than soybeans, a contraction in output is possible. Palm oil production should keep growing, but at a below average rate. Record soybean crops will likely result in another conspicuous increase in world supplies of meals/cakes in 2014/15, whereas global oils/fats could grow less than last season. As global meal output is anticipated to outpace world utilization, a conspicuous build-up in stocks is expected. For oils/fats, global output should basically match utilization, precluding significant stock changes. Based on current forecasts, the stock-to-use ratio for meals/cakes is poised to rise strongly, whereas that for oils/fats should remain about unchanged. The present outlook suggests that there is scope for international meal prices to ease further during 2014/15, thus extending the recently commenced descending trend and abandoning the high levels recorded since mid-2012. Additional downward pressure is likely to come from record global feedgrain supplies. As for the oils/fats market, a balanced supply and demand situation and stable stock-to-use ratios point to a stabilization in prices around their current relatively low level. International trade in oilseeds and derived products is forecast to expand further in 2014/15, although less strongly than last season. The anticipated slowdown reflects ample domestic supplies, stemming in part from large carry-in stocks in a number of significant importing countries, including China and the EU. It also reflects limited export availabilities arising from poor crops, higher domestic utilization or the need to re-build stocks in several exporting nations, notably the United States, Indonesia, Malaysia and Brazil. 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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