Ölsaaten Cockpit, 22.03.2019

(AMI) - Rapeseed oil prices have hardly changed compared to the previous week, with 720 EUR / t fob Hamburg being asked for 1 EUR / t less. The influence of weak rapeseed rates was largely offset by prices, which is also due to brisk demand. That was sparked by the price decline two weeks ago. The scope for further upward price adjustments is now limited. This is due to the weaker trend of other vegetable oils, but also to the fact that biodiesel buyers are gradually switching to summer produce (soya and palmitoethyl esters), which will dominate the market for the next six months from mid-April. While demand for rapeseed oil has recently been buoyant, it is low for sunflower oil, which is why prices on a weekly basis have declined by 11 to 614 EUR / t fob Rotterdam. Palm oil has also lost significantly in value and most recently cost EUR 465 / t cif, EUR 14 / t less than one week ago. The price difference to the other vegetable oils and in particular to the relatively stable rapeseed oil has thereby increased significantly.The pressure on palm oil prices can not be explained by the price developments on the futures exchange in Kuala Lumpur, where prices for the weekly startup rose sharply by just under 4% to more than 2,000 MYR / t within one trading day, driven mainly by higher demand India. In fact, demand has been buoyant and exports have risen in March, supporting forward rates. For soybean oil, at 655 EUR / t fob Hamburg, the last demand was 5 EUR / t less than in the previous week. The international Soyanotierungen lacks trend-setting impulses, in particular soy oil shows up indecisively. Only exchange-related influences determine the course of the share price, while the negotiations between China and the USA remain a major factor of uncertainty in the market.