Market report week 9

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13/12/2019 20/12/2019 27/12/2019 03/01/2020 24/02/2020 28/02/2020
EUROS/USD 1,1142 1,1083 1,1204 1,1164 1,0819 1,1041
Brent close 67,65 68,55 68,98 70,82 57,62 52,65
NYMEX 60,16 60,48 61,78 64,14 51,94 45,92
BMD CPO 2852 2915 3077 3126 2621 2403
RBD Olein FOB 712,5 jan.722,5 770 790 Avril.665 585
CPO CIF R‘dam 770 Janv.820 845 860 Avril.715 630
PFAD USD/MT 705 730 nc 770 747 710
c&f Rott spot
Coconut Oil Cif 1020 1045 1115  Mars .Avril 1120 Mars.Avril 880 815
CBT  oil Soya Oil  USD  Spot 3260 3379 3473 3481 3006 2831
MATIF Rape seed 394,25 403,25 407,5 411,5 Aout.388,25 372,75
EU Rape oil 830 850 865 875 Avril.813 775
EU Soya Oil 738 778 800 803 Avril.715 690
EU Sun Oil  en USD 800 830 845 Janv.Mars  860 Avril.Juin 750 715
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru nc nc nc nc nc nc
human consumption FOB Morocco nc 2500 2500 2500 2500 2500
Aqua peru  FOB 2000 2000 2000 2000 2000 nc
Omega 3 Feed pet food FOB Peru nc 2300 2300 2300 2300 2400
Omega 3 Feed pet food FOB Morocco 2150 2150 2150 2150 2150 `nc
Salmon South America  C&F European Port 1050 1050 1050 1050 1050 1050
Salmon   European production 1070 1070 1070 1070 1070 1070
Fish oils blend .Technical grade C&F European port 5% FFA 1050 1050 1050 1050 1050 980
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 600 600 600 600 600 600
European production 580 580 580 580 580 580
Animal Fat ex France  cat 3 660 660 660 660 660 660
5% FFA
Crude Glycerine
Feed 270 270 270 150 150 150
technical 110 110 110 100 100 100
PALM
Malaysian palm oil futures rose more than 2% on Monday, as Asian stocks gained on hopes of stimulus from central banks to mitigate the impact of the coronavirus outbreak, and expectations of a pick-up in demand.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 55 ringgit, or 2.37%, at 2,374 ringgit ($565.24) during the midday break.
Palm rebounded a little in a bear market as overseas stock markets recovered, but the contract is not out of the woods yet, a Kuala Lumpur-based trader said.
Palm oil prices fell 11.5% last week, the sharpest drop since October 2008, pressured by sell-offs in global equities, commodities and bonds amid fears of the coronavirus epidemic developing into a pandemic.
EURO VEG OILS
Palm oil on the European vegetable oils market dipped on Friday with Malaysian palm oil futures and other commodity and stock markets on concerns  about the possible bearish impact of the coronavirus outbreak on the world economy and a causing a slowdown in demand.
 “The market overall was overall slow although prices dropped substantially, but many buyers have no trust in the market. Some trades were done because the levels were too attractive to let it go in the hope that when the virus disapears the market will recover eventually,” one broker said
Lower energy prices could reduce demand for vegetable oils from biodiesel producers.
Weakness in other vegetable oils and a weaker dollar weighed on EU rapeoil with asking prices mostly between 17 and 21 euros down from Thursday. Lower energy prices and weaker rapeseed futures, following a dip in Chicago soybeans, also weighed.
Lauric oils were quoted between $25 and $45 a tonne lower, tracking weakness in palm oil and soyoil futures. The spread between coconut oil and the usually weaker palmkernel oil was $125 a tonne for April/May shipment.
SOYBEAN
Chicago Board of Trade soybean futures retreated on Friday after three sessions of gains as fears about the spread of the coronavirus around the world fueled concerns about a global recession, traders said.
Global stocks and oil prices fell sharply as traders fretted over the economic impact of the spread of the virus. Stock markets were on course for their steepest weekly fall since the 2008 global financial crisis.
The actively traded May soybean contract ended the week down 0.7% in a second straight weekly loss. But the contract was modestly higher for the month after shedding about 8.5% in January.
Losses on Friday were pared by end-of-week and end-of-month position squaring.
FISH OIL
PERU
The research cruise ahead of the q2 season is ongoing, expected to last for around 30 days to cover the North/Central range (around 20 March), and around 45 days to cover also the South range.
No news from Imarpe expected in the next two-three weeks, meantime, some information (when fishing for other species jurel and caballa) that the anchovy in the Pisco area is mixed with adult and juvenile anchovy, on the other hand, a 10-day fishing ban due to juveniles indicates that the high incidence of juveniles continues.
Market remains quiet with limited unsold stocks and cautious buyers.
CHILE – Anchovy fishing in the North will resume on Monday, as the (extended) ban since New Year will be lifted. However, with sea temperatures roughly 1-2 centigrade above desired levels, there is uncertainty if they will still mainly find juveniles and the adult fish stand too deep/scattered to be caught, in which case the fishing may be closed again after about a week’s time or so. Also, the season on sardine/anchovy in the main Southern region VIII BioBio will commence on Monday, after the limited start further south in the IX region Valdivia three weeks ago. We still do not hear of export interest. 
DENMARK – Sprat fishing has remained slow,- 1986 mt officially reported, taking the total this year to 12.285 mt (against 54.949 mt per end Feb last year). As previously advised, the tobis season opens 1 April (as per above, against a Danish quota probably in the area of around 220.000 mt, to be fixed by the EU Council during March). Producer not actively quoting. 
Bruno GEAY