High palm oil prices as a result of El Nino damage

Palm courses in the field of tension between low crude oil prices and apparent shortage trends. Palm oil is regarded as the cheapest vegetable oil. This could soon change. The aftermath of the drought of El Nino weather has led that producing palm oil yielding since then vigorously since the seasonal peak in the Oct. 15. Rd 2 million tonnes per month, the current generation in Malaysia is slightly over half of 1.1 million tonnes.

The missing collection of nutrient reserves in the plant is expected to help further crop losses have to be accepted in the coming months. The palm oil plantations need between 1,800 to 2,200 mm precipitation, with average temperatures of 26 degrees, to provide their performance potential from 4,500 to 6,000 ltr vegetable oil per hectare. Comparison: 1 hectare canola delivers rd. 2. 000 ltr 5 t revenue and 40% oil content. Vegetable oil.

Now, on an all-time high in the Nov. 15 stock inventories of 2.8 million tonnes will be systematically dismantled. Still a high capacity exists with current 2.3 million tons, but the destocking should progress further.

Exports of palm oil have further eased with the low crude oil prices. The palm oil prices increase in have provided a contribution. With prices from just under $600 je seek out prices to the level of soybean oil.

Indeed, there is the expectation that the palm oil prices above the level of soya oil prices could rise in the course of the summer. In contrast to the palm oil, soybean oil will continue rise in the offer and thus are under price pressure. However, will not fall soybean oil prices below the usual prices of palm oil. The supplied less than Palm oil market will thus contribute to a certain stabilization of the quotations in the oilseed sector.

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