Market report week 20

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27/03/2020 03/04/2020 10/04/2020 17/04/2020 24/04/2020 01/05/2020 08/05/2020 15/05/2020
EUROS/USD 1,1095 1,0821 1,0949 1,0847 1,0856 1,094 1,0844 1,082
Brent close 21,39 33,99 32,40 27,19 20,67 18,26 30,68 33,77
NYMEX 20,75 28 23,6 23,44 15,1 18,73 24,54 31,02
BMD CPO         Mai.2426 2296 2365 2285 2121           Juin.2104 2028 2170
RBD Olein FOB 605 Mai.572,5 585 562,5 532,5 Juin.530 517,5 520
CPO CIF Rott 610 Mai.587,5 592,5 555 535 Juin552,5 517,5 515
PFAD USD/MT 675 660 665 647,5 625 617,5 600 600
c&f Rott spot
Coconut Oil Cif Mars.Juin.865 Mai.Juin .860 865 Juin.Juillet. 840 810 805 Juillet.Aout.835 827,5
CBT  oil Soya Oil  USD  Spot 2685 2643 2741 2629 2505 2650 2623 2658
MATIF Rape seed 360,25 366,5 370,75 369,5 364,5 Juin.370,50 375,25 373,25
EU Rape oil 695 705 728 720 703 Juin .717 730 728
EU Soya Oil 660 620 630 635 615 Juin.Juillet.610 610 Juin.615
EU Sun Oil  en USD 680 Jlt .Sept.720 760 765 745 735 745 755
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2600 2600 2600 2600 nc nc nc nc
human consumption FOB Morocco 2500 2500 2500 2500 nc nc nc nc
Aqua fob Chili 1900 1900 1900 1900
Aqua peru  FOB 2000 2000 2000 2000 nc nc nc nc
Omega 3 Feed pet food FOB Peru 2400 2400 2400 2400 nc nc nc nc
Omega 3 Feed pet food FOB Morocco 2400 2400 2400 2400 2350 2350 2350 2350
Salmon South America  C&F European Port 1050 1050 1050 1050 1100 1100 1100 1100
Salmon   European production 1100 1100 1100 1100 1150 1150 1150 1150
Fish oils blend .Technical grade C&F European port 5% FFA 950 950 950 950 980 980 980 980
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 600 600 600 600 600 600 600 600
European production 580 580 580 580 580 580 580 580
Animal Fat ex France  cat 3 660 600 600 600 600 600 600 600
5% FFA
Crude Glycerine
Feed 320 320 350 350 375 425 500 500
technical 100 100 150 150 300 300 325 325
PALM
Malaysian palm oil futures rallied 2% on Monday, tracking gains in crude and soybean oil, while signs of growing demand as more countries ease coronavirus restrictions helped boost sentiment.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 43 ringgit, or 2.06%, at 2,132 ringgit ($490.00) per tonne by the midday break.
Palm oil climbed 2.95% in the previous session to clock in a 3.5% weekly rise after Malaysia, the world’s second-largest producer, slashed its crude palm oil export duty to zero for June.
« It has enabled sellers to offer the commodity at reasonable discount over Indonesian offers, » Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based vegetable oil broker.
« Malaysia’s May 1-15 palm oil export shows a steady increase as the palm oil prices are attracting fresh demand due to lucrative levels and ease in coronavirus-related lockdown in some countries, » he added.
Malaysia’s palm oil exports in May 1-15 rose between 6% and 7% from the previous month, cargo surveyors said on Friday.
Malaysia is set to meet petroleum companies on Tuesday to discuss the postponement of its B20 biodiesel mandate, the Commodities Ministry said on Monday.
Oil prices jumped by more than $1 a barrel to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand.
EURO VEG OILS
Palm oil on the European vegetable oils market was offered firmer  on Friday tracking gains in Malaysian palm oil futures on the back of improved exports during the first 15 days of May and because Malaysian to reduce export tax for palm oil to zero in June.
Malaysian export tax was cut from 4.5 percent in May in a bid to tackle an estimated 25 percent fall in global demand for palm oil due to the coronavirus pandemic.
At  1630 GMT, CBOT soyoil futures were between 0.31 and 0.39 cents per lb higher on  recent Chinese soybean buying and because of stronger energy prices, which  could boost demand for vegetable oils from biodiesel producers.
EU rapeoil was quoted between unchanged and seven euros per tonne higher, tracking firmer Chicago soyoil futures and underpinned by a rally in energy markets.
Lauric oils rose between $2.50 and $45 a tonne, following the stronger trend in palm oil and because more aggressive sellers disappeared from the scene. Buyers were still hard to find ahead of the weekend. The spread between coconut oil and the usually cheaper palmkernel oil was $177.50 a tonne for July/August shipment.
SOYBEAN
Chicago Board of Trade soybean futures closed modestly higher on Friday as support from recent Chinese export demand and supportive monthly U.S. soy crushing data offset favorable crop weather that bolstered Midwest production prospects, traders said.
The National Oilseed Processors Association (NOPA) said its members processed 171.754 million bushels of soybeans in April, just above an average of trade expectations for 170.483 million.
However, stockpiles of soyoil rose in April to their highest since June 2013, NOPA data showed, reflecting a drop in demand for the vegetable oil from restaurants amid lockdowns tied to the coronavirus pandemic.
White House adviser Larry Kudlow said the U.S.-China Phase 1 trade deal signed in January « is continuing, » a day after President Donald Trump suggested he could cut ties with the world’s second-largest economy and No. 1 world soy buyer.
China has stepped up its bookings of U.S. soybeans and corn this month.
Brazilian farmers have pre-sold 30% of their 2020/2021 soy crop, well ahead of the usual levels for this time of year, and forward sales could rise to 50% by the time planting starts in September, consultancy Safras & Mercado said.
FISH OIL
PERU – Fishing in the North/Central area opened on Wednesday against the 2,413 mill mt quota,- so far only a small part of the fleet has gone out with the main restriction being the strict sanitary controls (from the Covid-19) and under this regime, only around 60% of the fleet will be able to operate. 
Only some 3800 mt estimated for the first day and then around 8000-10.000 mt for yesterday, while a bigger part of the fleet is gradually expected to join in during the weekend. Although early days, oil yields reported below 1% in the Pisco area, 2,2% in Callao and 4,2% in Chimbote, while very preliminary figures on epa/dha is so far showing modest levels of 26-28% (but needs to be confirmed during the coming days).
Some smaller mini-bans due to a high percentage of juveniles have already been established in front of Callao. No market activity yet, waiting the developments in fishing, oil yields and epa/dha profiles.
CHILE – We have still heard of a relatively slow production in the North, the latest official update is from week 17 (20-26 April) with around 32.800 mt, bringing the total this year to around 186.000 mt (against around 198.000 mt same period last year). Producers seem more cautious after seeing further interest around last domestic levels $1860/1870 ex-tank 18% epa/dha.