Market report week 10

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20/12/2019 27/12/2019 03/01/2020 24/02/2020 28/02/2020 0603/2020
EUROS/USD 1,1083 1,1204 1,1164 1,0819 1,1041 1,1468
Brent close 68,55 68,98 70,82 57,62 52,65 34,43
NYMEX 60,48 61,78 64,14 51,94 45,92 29,78
BMD CPO 2915 3077 3126 2621 2403 2464
RBD Olein FOB jan.722,5 770 790 Avril.665 585 612,5
CPO CIF R‘dam Janv.820 845 860 Avril.715 630 642,5
PFAD USD/MT 730 nc 770 747 710 727,5
c&f Rott spot
Coconut Oil Cif 1045 1115  Mars .Avril 1120 Mars.Avril 880 815 870
CBT  oil Soya Oil  USD  Spot 3379 3473 3481 3006 2831 2848
MATIF Rape seed 403,25 407,5 411,5 Aout.388,25 372,75 371
EU Rape oil 850 865 875 Avril.813 775 773
EU Soya Oil 778 800 803 Avril.715 690 680
EU Sun Oil  en USD 830 845 Janv.Mars  860 Avril.Juin 750 715 735
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru nc nc nc nc nc nc
human consumption FOB Morocco 2500 2500 2500 2500 2500 2500
Aqua peru  FOB 2000 2000 2000 2000 nc nc
Omega 3 Feed pet food FOB Peru 2300 2300 2300 2300 2400 2400
Omega 3 Feed pet food FOB Morocco 2150 2150 2150 2150 `nc `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 980 950
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 270 270 150 150 150 320
technical 110 110 100 100 100 100
PALM
The Malaysian bourse said it would expand the daily price limit to 15% in the afternoon session.
Palm prices marked the sharpest daily fall since Jan. 28, when worries over the economic impact of the coronavirus outbreak in China, the second-largest palm buyer, first rattled the market.
Oil prices fell about 25% on Monday, the most since 1991, after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash pent-up supply onto a market reeling from falling demand because of the virus.
Weak crude oil futures make palm a less attractive option for biodiesel feedstock.
EURO VEG OILS
Palm oil on the European vegetable oils market fell sharply on Friday,  following a slide in Malaysian palm oil futures as worries about the impact of the spreading of the coronavirus on the world economy pressured many commodities and stock exchanges.
Asking prices for palm oil were between $20 and $30 a tonne down from Thursday after Malaysian palm oil futures closed between 45 and 84 ringgit per tonne lower
EU rapeoil was quoted between eight and 18 euros per tonne down, following the lower tone in Chicago soyoil and because of falling energy prices. A weaker dollar also weighed on euro-priced products as did lower rapeseed futures.
Lauric oils were mostly offered between $10 and $25 a tonne lower, following the dip in palm oil and because of slack demand. The spread between coconut oil and the usually cheaper palmkernel oil was  $160 a tonne for April/May shipment.
SOYBEAN
Chicago Board of Trade soybean futures ended weaker on Friday on lackluster export demand and broad-based selling linked to worries about the coronavirus slowing the global economy, traders said.
China, the world’s top soybean importer, has granted tariff exemptions for some crushers to import U.S. soybeans, five sources told Reuters.
But Chinese importers are buying soybeans from Brazil, where prices are cheaper than in the United States, traders said.
FISH OIL
PERU
The research cruise ahead of the q2 season is ongoing with the N/C range expected to be completed around 20 March (after a 30 days cruise). Although nothing concrete expected for another couple of weeks, the president of SNP/the industry commented this week they expect the season to open in April, on the other side that they have not yet observed any spawning activity in the northernmost part/first range of the cruise Paita/Chicama («Let’s hope that the spawning starts soon so that the season can start in April. We depend on spawning»).
The market has continued to be quiet with limited unsold stocks and cautious buyers.
CHILE – Anchovy fishing in the North, which has been closed since New Year, resumed this week, as well as the anchovy/sardine season in the South in the main region VIII BioBio (up to now only region IX Valdivia since 10 February with a slow start). We still do not hear of export interest. 
DENMARK – While sprat fishing continues to be slow, blue whiting deliveries have started picking up with 7259 mt now reported so far this year (2265 mt Jan/Feb and 4994 mt so far in March against 89.164 mt per end March last year). 
In addition, 2958 mt sprat reported this week, taking this total to 15.243 mt (against 54.949 mt per end Feb last year and 84.941 mt end March).
Bruno GEAY