Market report week 26

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19/04/2019 26/04/2019 10/05/2019 24/05/2019 07/06/2019 14/062019 28/06/2019
EUROS/USD 1,1248 1,1159 1,1237 1,1204 1,1318 1,1208 1,1322
Brent close 73,56 70,86 71,56 68,87 64,08 63,00 68,85
NYMEX 65,71 63,34 61,7 58,41 53,38 52,52 58,22
BMD CPO 2090 Juin.2094 1951 1976 Juillet.1986 2002 Aout .1920
RBD Olein FOB 540 527,5   Juin 505 507,5 Juillet 512,5 507,5 Aout 497,5
CPO CIF R‘dam 537,5 527,5 Juin 495 492,5 Juillet.505 490 Aout507,5
PFAD USD/MT 557,5 512,5 505 492,5 462,5
c&f Rott spot
Coconut Oil Cif 685 660 665 640 655 645 Aout /Sept 650
CBT  oil Soya Oil  USD  Spot 2870 2752 2650 2701 2738 2761 2824
MATIF Rape seed 363,5 Mai .370 360,75 Aout 365,75 367,75 369,25 364,25
EU Rape oil 715 Juin.Juillet . 730 720 Juillet 730 733 736 Aout /Octobre.726
EU Soya Oil 650 Juin.660 645 660 Juillet 660 655 Aout/Octobre 639
EU Sun Oil  en USD 710 Mai.Juin 705 Juin 715 Juillet /Sept 730 730 735 Aout/Septembre.747,5
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2300 2300 2300 2300
human consumption FOB Morocco  –  –  – 2500 2500 2500 2500
Aqua peru  FOB 1750 1750 1900 1950 1900 1900 1900
Omega 3 Feed pet food FOB Peru 2250 2250 2250 2250
Omega 3 Feed pet food FOB Morocco 2150 2150 2150 2150
Salmon South America  C&F European Port 1200 1200 1200 1100 1100 1100 1150
Salmon   European production 1050 1050 1050 1050 1050 1050
Fish oils blend .Technical grade C&F European port 5% FFA 1000 1000 1000 950 950 950 1000
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 560 560 560 560
European production 550 550 550 550 550 550 550
Animal Fat ex France  cat 3 460 460 460 460 580 580 530
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270 270
Technical 180 180 180 180 180 180 180

PALM

Malaysian palm oil futures rebounded on Monday from their lowest level in seven months, following gains in rival soyoil and on hopes export demand would improve due to the recent correction in prices. The upside in crude oil was also supporting palm oil on Monday, analysts said. Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week.

EURO VEG OILS

Nearby positions palm oil on the European vegetable oils market was offered mostly easier on Friday in slow trade ahead of USDA acreage and quarterly stocks reports and pressured by softer Malaysian palm oil futures on expectations that poor exports and improved production could cause larger Malaysian palm oil stocks in June. EU rapeoil was offered between unchanged and three euros per tonne lower following easier rapeseed futures and because of a weak dollar, which weighs on euro-priced products. Lauric oils were mostly quoted between $5 a tonne up and $15 down, tracking easier palm oil futures and pressured by slack demand. The spread between coconut oil and the cheaper palmkernel oil was $100 for August/September shipment.

SOYA

Chicago Board of Trade (CBOT) soybean futures rallied for the first time in four sessions on Friday after the U.S. Department of Agriculture (USDA) estimated U.S. plantings well below trade expectations, traders said.U.S. President Donald Trump on Friday said he hoped for productive talks with Chinese President Xi Jinping on a trade war, but said he had not made any promises about a reprieve from escalating tariffs.

FISH OIL

PERU

The Ministry yesterday announced a 10-day fishing ban in the North/Central area because the accumulated total catch of juveniles is close to reaching the maximum limit at 273.000 mt (the juvenile catch until 23 June was 257.000 mt). Keeping in mind it is already late in the season, it is now uncertain whether they will reach the quota this year or if the balance of about 250.000 mt will be left uncaught. We do not have concrete selling ideas following yesterday’s quota news, although there could still possibly be limited quantities available around $1900 fob for aqua.

Bruno GEAY