Market report week 4

By : Categories : Actualité Comment: 0 Comment
22/11/2019 29/11/2019 09/12/2019 13/12/2019 20/12/2019 27/12/2019 24/01/2020
EUROS/USD 1,1029 1,1011 1,1063 1,1142 1,1083 1,1204 1,1034
Brent close 64,58 65,90 66,47 67,65 68,55 68,98 58,34
NYMEX 57,73 58,17 59,25 60,16 60,48 61,78 53
BMD CPO fev.2020 2748 2773 2858 2852 2915 3077 2979
RBD Olein FOB 655 655 700 712,5 jan.722,5 770 757,5
CPO CIF R‘dam 710 697,5 747,5 770 Janv.820 845 815
PFAD USD/MT 635 670 705 730 nc 800
c&f Rott spot
Coconut Oil Cif 925 Janv.Fev   915 Feb.Mars1015 1020 1045 1115 Mars.Avril 1000
CBT  oil Soya Oil  USD  Spot 3088 3037 3101 3260 3379 3473 3148
MATIF Rape seed 384,75 384,5 391,5 394,25 403,25 407,5 Mai .402,75
EU Rape oil Dec.Janv .818 Janv.810 815 830 850 865 Feb.Avril .830
EU Soya Oil Janv.2020.690 692 Mars.720 738 778 800 777
EU Sun Oil  en USD 765 760 775 800 830 845 Mars.810
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru _ _ nc nc nc nc
human consumption FOB Morocco _ _ nc 2500 2500 nc
Aqua peru  FOB _ _ 1900 2000 2000 2000 2500
Omega 3 Feed pet food FOB Peru 2050 2050 nc 2300 2300 nc
Omega 3 Feed pet food FOB Morocco _ _ 2070 2150 2150 2150 2150
Salmon South America  C&F European Port 1050 1050 1050 1050 1050 1050 1050
Salmon   European production 1080 1080 1070 1070 1070 1070 1070
Fish oils blend .Technical grade C&F European port 5% FFA 1090 1090 1050 1050 1050 1050 1050
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 600 600 600 600
European production 550 550 550 580 580 580 580
Animal Fat ex France  cat 3 530 530 530 660 660 660 660
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270 270
technical 180 180 180 110 110 110 110
PALM
Malaysian palm oil futures fell for a second straight session on Friday, hit by weak demand from India and China, with a strengthening ringgit also weighing on prices.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 2.2% to 2,862 ringgit per tonne. The contract was up 0.9% this week, after slumping 9.5% in the previous week.
Waning demand from China due to a week-long Lunar New Year holiday, coupled with fewer buyers from India, dragged down prices, said Anilkumar Bagani, research head at Sunvin Group, a Mumbai-based vegetable oil broker.
Demand for Malaysian palm oil by its biggest importer India has taken a hit over the last few months, following a diplomatic spat between the two countries.
Also dragging prices lower was a stronger ringgit, which gained 0.3% against the dollar, making palm oil more expensive for holders of foreign currencies.
Prices were also affected by « last-minute selling » ahead of a long weekend, a Kuala Lumpur-based trader said.
Malaysian Markets are closed on Monday 27th of January for Chinese New Year.
EURO VEG OILS
Palm oil on the European vegetable oils market continued to ease on  Friday, tracking a dip in Malaysian palm oil futures on concerns about weak  demand from India and China.
Palm oil futures closed at midday for Lunar New Year and will reopen on Tuesday.
Asking prices for palm oil were between unchanged and $17.50 a tonne down from Thursday after Malaysian palm oil futures closed between 43 and 68 ringgit per tonne lower. A firmer ringgit also weighed as it makes palm oil more expensive for foreign buyers, which could reduce export demand.
At  1730 GMT, CBOT soyoil futures were between 0.30 and 0.48 cents per lb lower on  technical selling and because of weaker energy markets, which could reduce biodiesel producer demand for vegetable oils.
EU rapeoil was quoted between unchanged and $6 a tonne lower, tracking weaker Chicago soyoil and because of the weaker energy prices.
Lauric oils were mostly quoted between unchanged and $15 a tonne down from Wednesday, following the softer tone in palm oil and because of a lack of buyers. The spread between coconut oil and the usually cheaper palmkernel oil was $40 for March/April shipment.
SOYBEAN
Most-active Chicago Board of Trade soybean futures fell to their lowest level in more than a month on Friday as renewed concerns over the fallout of a coronavirus outbreak from China caused selling in a range of markets.
Traders continued to wait for more Chinese purchases of U.S. agricultural products, following a pledge by Beijing to ramp up buying as part of an interim trade deal.
The U.S. Department of Agriculture reported total export sales of U.S. soybeans in the week ended Jan. 16 were 910,700 tonnes, in line with trade expectations for 700,000 to 1,300,000 million tonnes.
FISH OIL
PERU – No landings this week following the end of the season in the North/Central area from 15 January. Regarding the new quota in the South for the 1st semester, in view of the high incidence of juveniles, the Ministry is reluctant to open the season, now waiting an improvement before setting the quota. The quotas last year were 540.000 mt both for the first and second semester with catches of 177.550 mt and 4639 mt respectively (influenced by juveniles and fishing stops). 
Unsold stocks estimated around 10.000 mt, with focus still mainly on omega 3 markets. We still hear of levels around $2400/2500 fob for smaller quantities to aqua.
CHILE – Fishing stops now in Jan/Feb both in the North (anchovy) and the South (sardines and anchovy),- we do not hear of export interest. 
DENMARK – Sprat fishing has continued to be slow with only another 876 mt reported so far this week, taking the official total to 1319 mt (against 29.140 mt during January last year). 
Bruno GEAY