Market report week 25

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24/04/2020 01/05/2020 08/05/2020 15/05/2020 22/05/2020 29./05/2020 05/06/2020 12/06/2020 19/06/2020
EUROS/USD 1,0856 1,094 1,0844 1,082 1,0877 1,1144 1,129 1,1246 1,1198
Brent close 20,67 18,26 30,68 33,77 35,28 37,77 42,53 37,32 42,15
NYMEX 15,1 18,73 24,54 31,02 33,62 35,44 39,7 34,43 39,59
BMD CPO 2121           Juin.2104 2028 2170 2276 2373     Aout.2326 2430 2502
RBD Olein FOB 532,5 Juin.530 517,5 520 535 565 597,5 607,5 Juillet.637,5
CPO CIF Rott 535 Juin552,5 517,5 515 537,5 550 580 575 Juillet.580
PFAD USD/MT 625 617,5 600 600 597,5 610 630 625 655
c&f Rott spot
Coconut Oil Cif 810 805 Juillet.Aout.835 827,5 820 880 900 915 920
CBT  oil Soya Oil  USD  Spot 2505 2650 2623 2658 2699 2738 2814 2750 2852
MATIF Rape seed 364,5 Juin.370,50 375,25 373,25 378,25 Nov.374,25 379,25 380,5 382,75
EU Rape oil 703 Juin .717 730 728 735 725 740 750 Juillet.770
EU Soya Oil 615 Juin.Juillet.610 610 Juin.615 635 Juillet.635 660 755 660
EU Sun Oil  en USD 745 735 745 755 765 Juillet sept.785 795 800 790
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru nc nc nc nc nc nc 2800 2800 2800
human consumption FOB Morocco nc nc nc nc nc 2800 2800 2800 2900
Aqua fob Chili  18 EPA DHA 1900 1900 1900 1900 1950 1950 1950 1950 NC
Aqua peru  FOB  24 /26 EPA DHA nc nc nc nc nc nc 2450 2450 2450
Omega 3 Feed pet food FOB Peru nc nc nc nc 2500 2500 2550 2550 2550
Omega 3 Feed pet food FOB Morocco 2350 2350 2350 2350 nc 2450 2550 2550 2700
Salmon South America  C&F European Port 1100 1100 1100 1100 1100 1150  nc  nc  nc
Salmon   European production 1150 1150 1150 1150 nc nc 1100 1100 1050
Fish oils blend .Technical grade C&F European port 5% FFA 980 980 980 980 980 980 980 980 980
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 600 600 600 600 600 600 600 600 600
European production 580 580 580 580 580 580 580 580 580
Animal Fat ex France  cat 3 600 600 600 600 600 580 580 580 580
5% FFA
Crude Glycerine
Feed 375 425 500 500 500 500 NC NC NC
technical 300 300 325 325 325 280 210 210 210
PALM
Malaysian palm oil futures slid on Monday after an industry analyst forecast the tropical commodity’s global consumption will drop, while uncertainty over production further dented sentiment.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange slid 0.85%, to 2,451 ringgit ($573.87) a tonne, during the midday break.
The contract fell as much as 1.7% earlier in the session as traders reacted to leading analyst Thomas Mielke’s comments in an online seminar.
Mielke said that for the first time ever, world consumption of palm oil will decline this season due to the impact of the COVID-19 pandemic.
Traders were also cautious ahead of the June 1-20 production data by the Southern Peninsular Palm Oil Millers Association.
Investor sentiment, however, recovered on expectation that June demand remains firm, a trader in Kuala Lumpur said.
Malaysian palm oil exports in June 1-20 rose between 55.3% and 57%, according to cargo surveyors. In the same seminar, the Malaysian Palm Oil Council said palm oil prices are projected to average 2,337 ringgit per tonne this year, while the Malaysian Palm Oil Board (MPOB) forecast prices at 2,500 ringgit.
MPOB also said current rebounding prices are expected to sustain for the rest of the year, supported by resumption of a biodiesel programme.
EURO VEG OILS
Palm oil on the European vegetable oils market rallied on Friday  with Malaysian palm oil futures on the outlook for a large increase in June exports and because of gains in energy markets.
 Asking prices for palm oil were mostly between $10 and $25 a tonne higher, but asking prices were off highs at the end of the day. Malaysian palm oil futures closed between 66 and 108 ringgit per tonne higher. Talk about lower inventories in top importers India and China also underpinned futures.
At  1600 GMT, CBOT soyoil futures were between 0.40 and 0.54 cents per lb higher on  technical buying and strong export demand and because of higher energy markets,  which could boost demand for vegetable oils from biodiesel makers. Bearish sentiment  because of promising U.S. soybean crop conditions limited gains.
EU rapeoil was quoted between 10 and 20 euros per tonne up from Thursday, as stronger energy markets and technical buying in rapeseed futures due to improved demand from biodiesel makers underpinned prices. Gains in Chicago soyoil also added to the strength in rapeoil.
Lauric oils were mostly offered between $15 and $35 a tonne higher, tracking gains in palm oil, but nearby palmkernel oil was around $10 a tonne lower on ample availability versus lack of buying interest. The spread between coconut oil and the usually cheaper palmkernel oil was $225 a tonne for August/September shipments.
SOYBEAN
Chicago Board of Trade soybean futures gained on Friday on renewed export talks with China, traders said.
China’s Vice Premier Liu He said China and the United States should create the conditions and atmosphere to implement the Phase 1 trade deal reached earlier this year, in remarks delivered by the chief securities regulator.
* Fresh threats by U.S. President Donald Trump to cut ties with China put trade tensions back in the spotlight.
* Global agribusiness Archer Daniels Midland Co said that an oilseed crushing and refining plant in southern England has been evacuated and shut down following an explosion. The explosion occurred at about 0800 GMT on Friday in the extraction area of the facility, located in Erith around 60 miles south-east of London.
FISH OIL
The number of active vessels has been growing during the course of the season (apart from some smaller periods with the fleet in port due to bad weather), with the boats eager to complete as much as possible of the quota before the more unsecure autumn period and an expected colder Kelvin wave arrives (which may disperse the fish), and also keeping in mind the covid-19 uncertainties
Estimate that from late last week and today an additional 7.000 MT have been traded bringing the total to 13.000 MT so far. Considering production of 48.000 MT, unsold stock to be around 35.000 MT up to today.
BGEAY