Last Update: avril 2016
Commentaires sur la évolution récente des séries des indices des prix
(disponible en anglais seulement).
In March 2016, FAO’s vegetable oils price index rose markedly for the second consecutive month, gaining as much as 9.5 points (or 6.3 percent). The oilseeds price index recorded a more modest gain (+ 2.5 points or 1.8 percent), while the index for oilmeals remained virtually unchanged (– 0.5 points or 0.3 percent).
The increase in the oilseeds index mostly reflects the recent strengthening in international soybean prices. The latter was mainly driven by robust international demand, especially for South American origins, which coincided with both, a slow start in Brazil’s new-crop shipments and harvest delays and potential yield losses in certain growing regions of the country following excessive rainfall. Overall, however, the global 2015/16 supply prospect for soybeans remains favourable.
The further leap in the vegetable oils index – which now reached a 15-month high – was led by the continued rise in palm oil prices. International palm oil quotations strengthened on concerns over stagnating production in 2016, following prolonged dry weather in Southeast Asia. In Malaysia, weak production combined with firm international demand, resulted in a sharp drop in inventories in March 2016. Global prices were also supported by the prospect of falling 2016 export availabilities in Indonesia, as domestic demand for palm oil by the biodiesel sector rises. International prices of soybean oil remained virtually unchanged on a monthly average basis. Interestingly, though, soyoil quotations weakened at the beginning of the month on prospects of ample 2015/16 availabilities, but recovered over the second half of March, under the influence of rising soybean prices and spill-over effects from palm oil. Rising world crude oil prices also contributed to stronger soy and palm oil values.
As to oilmeals, the price index remained unchanged month-on-month, reflecting stable soymeal prices. The latter continued to hover around historically low levels, on expectations of ample global supplies throughout 2015/16.