On the background of reduction of stocks of rapeseed oil stock prices for rapeseed gradually grow

2019-12-05 12:07:16
Machine translation
On the background of reduction of stocks of rapeseed oil stock prices for rapeseed gradually grow

Experts USDA in its November report, once again lowered the forecast of world stocks of canola oil at the end of the 2019/20 MG to 1.72 million tonnes, which will be 30% less than in the season 2018/19.

 

Inventory of rapeseed oil gradually decrease starting from 2014/15, when the stink reached a record 6.52 million tonnes.

 

this season, the main factor reducing the reserves will be China, which will reduce the inventory of rapeseed oil by 30% to 860 thousand tons due to reduced production of rapeseed oil.

 

Canada amid rising production will also intensify exports of rapeseed oil, so the reserves will be reduced even more – by 46% to 208 thousand tons.

 

the EU stocks decreased by 41% to 170 thousand tonnes due to a sharp decrease of rapeseed production on the background of active consumption of rapeseed oil, particularly in the area of biofuels.

 

the Reduction of rapeseed production in the EU, Australia and Canada contributes to the growth of world prices for rapeseed. Yesterday February futures on Euronext rose to a maximum in the season of level – 392,25 €/t or 434,74 $/t

 

the Decrease in quotations of canola oil caused by falling prices for soybean oil, stopped, and prices gradually recovered. Now canola oil for delivery in February and March traded at 785 €/t FOB DM, although two weeks ago the price was 800 €/t FOB DM, and for shipments in June-July quotations omitted to 765 €/t

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