ZMP Cockpit – News Summary

Chinese oil consumption at 4-year low

According to the Chinese Ministry of Agriculture and Rural Affairs, Chinese sow and pig stocks have continued to fall in the first seven months of 2019 due to rampant African swine fever. In July 2019, inventories had already shrunk by more than 30% compared to the previous year and the trough is not yet likely to be reached. Pig meat production has also decreased. In addition, the consumption of...
  • EU Commission and Grains Strategy Reduce EU Crop Estimate Again
  • Constant demand for rapeseed oil from the biodiesel industry
  • Improved weather conditions for US soybeans
  • African swine plagues Chinese soybean demand
  • Large rape supply from the Ukraine, EU has already bought large quantities

ZMP Market Analyses

  • USDA with new oilseeds report - prices are picking up

    USDA shortens global oilseeds production month-on-month - 3.5% less than last year The above-average global supply of oilseeds is history. The US Department of Agriculture (USDA) estimates production at just under the previous month at approx . 580 million t and thus remains around 20...

  • IGC estimates lower soybean harvest worldwide

    IGC expects lower world soybean production - 23% less in US In its Aug issue, the International Grains Council (IGC) has re-balanced the global soybean market. The total production predicts the IGC only to 344 million t , approx. 20 million t less than in the previous year. The decisive decline...

  • BMEL: historically low rapeseed harvest - rapeseed prices fixed.

    BMEL: German rapeseed harvest at a historic low of 2.87 million tonnes or 42% below the multi-year average - rapeseed prices largely stable. The Federal Ministry of Agriculture (BMEL) has determined a rapeseed harvest of 2.87 million tonnes on the basis of representative threshing results and...

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