Market report week 22

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10/04/2020 17/04/2020 24/04/2020 01/05/2020 08/05/2020 15/05/2020 22/05/2020 29./05/2020
EUROS/USD 1,0949 1,0847 1,0856 1,094 1,0844 1,082 1,0877 1,1144
Brent close 32,40 27,19 20,67 18,26 30,68 33,77 35,28 37,77
NYMEX 23,6 23,44 15,1 18,73 24,54 31,02 33,62 35,44
BMD CPO 2365 2285 2121           Juin.2104 2028 2170 2276 2373
RBD Olein FOB 585 562,5 532,5 Juin.530 517,5 520 535 565
CPO CIF Rott 592,5 555 535 Juin552,5 517,5 515 537,5 550
PFAD USD/MT 665 647,5 625 617,5 600 600 597,5 610
c&f Rott spot
Coconut Oil Cif 865 Juin.Juillet. 840 810 805 Juillet.Aout.835 827,5 820 880
CBT  oil Soya Oil  USD  Spot 2741 2629 2505 2650 2623 2658 2699 2738
MATIF Rape seed 370,75 369,5 364,5 Juin.370,50 375,25 373,25 378,25 Nov.374,25
EU Rape oil 728 720 703 Juin .717 730 728 735 725
EU Soya Oil 630 635 615 Juin.Juillet.610 610 Juin.615 635 Juillet.635
EU Sun Oil  en USD 760 765 745 735 745 755 765 Juillet sept.785
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2600 2600 nc nc nc nc nc nc
human consumption FOB Morocco 2500 2500 nc nc nc nc nc 2800
Aqua fob Chili 1900 1900 1900 1900 1950 1950
Aqua peru  FOB 2000 2000 nc nc nc nc nc nc
Omega 3 Feed pet food FOB Peru 2400 2400 nc nc nc nc 2500 2500
Omega 3 Feed pet food FOB Morocco 2400 2400 2350 2350 2350 2350 nc 2450
Salmon South America  C&F European Port 1050 1050 1100 1100 1100 1100 1100 1150
Salmon   European production 1100 1100 1150 1150 1150 1150 nc nc
Fish oils blend .Technical grade C&F European port 5% FFA 950 950 980 980 980 980 980 980
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 3 600 600 600 600 600 600 600 580
5% FFA
Crude Glycerine
Feed 350 350 375 425 500 500 500 500
technical 150 150 300 300 325 325 325 280
PALM
Malaysian palm oil futures rose to their highest level in nearly two months on Monday, supported by a rise in May exports and optimism over a recovery in demand.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 39 ringgit, or 1.7%, to 2,331 ringgit ($540.33) a tonne by the midday break, its highest since April 9.
Palm oil jumped 10% last month, its biggest monthly rise this year, as prices were boosted by hopes of lower output in May and resumption of purchases by India, the world’s largest edible oil consumer.
« The market was drawing strength from May export numbers and better export outlook in June given the start of 0% export tax, » said Sathia Varqa, owner of Singapore-based Palm Oil Analytics.
Malaysia’s exports rose between 7% and 8.4% in May from the month before, cargo surveyors said on Monday.
The world’s biggest palm oil producers Indonesia and Malaysia have set export tax for crude palm oil at zero for June.
EURO VEG OILS
Palm oil on the European vegetable oils market was offered mostly firmer on Friday, ahead of a long weekend, tracking the stronger trend in Malaysian palm oil futures on hopes for improved global demand as many countries started to ease measures beating the coronavirus.
The European vegetable oils market will be closed on Monday for Whit Monday and will reopen on Tuesday.
Asking prices for palm oil were mostly between $2.50 and $7.50 a tonne up from Thursday, also underpinned by a weaker dollar, which supports products quoted in that currency. Malaysian palm oil futures closed between 10 and 39 ringgit per tonne higher.
CBOT soyoil futures were between 0.01 and 0.05 cents per lb down on  concerns over increasing political tension between the United States and China over Hong Kong. Easier energy markets also weighed on soyoil futures because lower energy  prices could reduce demand for vegetable oils from biodiesel makers.
EU rapeoil was quoted between one and 10 euros per tonne lower, following the slightly easier tone in Chicago soyoil and because of the weaker dollar, which weighs on euro-priced products.
Lauric oils were mostly offered between $2.50 and $20 a tonne higher, supported by both stronger palm oil and the weaker dollar. The spread between coconut oil and the usually cheaper palmkernel oil was $197.50 a tonne for July/August shipment.
SOYBEAN
U.S. soybean futures slipped on Friday as tensions between the United States and top soy importer China rose ahead of a planned press conference by U.S. President Donald Trump on the U.S.’ response to China’s security measures in Hong Kong.
July soymeal futures ended down $1.10 at $283.20 per short ton, while July soyoil futures fell 0.01 cent to $27.38 cents per pound.
For the week, the most active soybean contract gained 1.7% in the first weekly gain in three weeks. For the month, the oilseed fell 0.9%, a third straight monthly drop.
Rising U.S.-China tensions, and recent Brazilian soy purchases by Chinese crushers, weighed on soybeans.
President Trump spoke about China in an event on Friday, addressing the country’s security restrictions on Hong Kong after protests in the financial hub last year. China may reduce its imports of agricultural products from the United States if Washington issues a severe response to the new laws, three sources said.
FISH OIL
Peru
As more boats went out, fishing showed an increasing trend last week with 223.400 mt reported in total, bringing the total this season to 284.100 mt (1.340.200 mt last year) and since 1 October last year to 1.288.400 mt (3.267.600 mt). Oil yields remained mostly unchanged (ranging between around 4-4,5% in the North and 1-1,5% in the Central area) with only small variations from day to day related to the distribution of landings and yields per area more or less flat. The average estimated at 3,4%, bringing the oil production so far to around 9700 mt.
This week has continued in the same steady pattern with about 40.000 mt per day, taking the preliminary season total to about 400.000 mt against the 2,413 mill mt quota and yields still around 3,5%.
Market has been fairly quiet so far as they build up stocks and check on profiles, some business reported around $2450/2500 fob for feed grade with some more available at this level.
BGEAY