Market report MAY 2021

In the last 4 weeks, the vegetable oil market has continued to rise strongly, with the exception of sunflower oil for the 20/21 marketing year. The reasons for these rises include:

– a very tight balance sheet
– strong demand for all oils
– a recovery in production below expectations
– a less than ideal climate in the northern hemisphere at the moment.

The attached table shows the quotations of the main oils and other reference values and their variation in the last month:

With the exception of sunflower, the rest of the main oils are at historically high levels:

The Stock/Consumption ratio in the 20/21 season will end up at the lowest value in many years. We expect to see higher production of sunflower, soybean and palm oils. However, demand for human consumption and biodiesel is also expected to improve, so the recovery of stocks could be limited.

In order to better understand these and other points, we invite you to download and continue reading LIPSA’s market report below, where you will be able to learn first-hand about the following points:

1.   Evolution of reference markets
2.   External
3.   Balance of oils
4.   Palm oil
5.   Lauric oils
6.   Soybean oil
7.   Sunflower and high oleic sunflower oil
8.   Rapeseed oil