Zucker
Der Zucker-Future (März-Kontrakt) tendiert bei 12,47 Cents je Pfund 0,27 Cents fester.
Kakao
Kakao (März-Kontrakt) wird bei 2.288 Dollar je Tonne 53 Dollar teurer gehandelt.
Mais
Der Mais-Future (März-Kontrakt) gibt um 2,4 Cents auf 498,4 Cents je Scheffel nach.
Mittwoch, 30. Januar 2008
Haselnusskerne
Haselnusskerne
Mit 8,65 YTL/kg kosten Haselnusskerne 11-13 mm umgerechnet 5.00 Euro/kg ex works Türkei.
Per 29.01.2008 hat die TMO insgesamt über 92.000 t Haselnusskerne aufgekauft. Die Käufe gehen weiter.
Starke Schneefälle und Frost bedrohen am Schwarzen Meer die Haselnussblüten.
Mit 8,65 YTL/kg kosten Haselnusskerne 11-13 mm umgerechnet 5.00 Euro/kg ex works Türkei.
Per 29.01.2008 hat die TMO insgesamt über 92.000 t Haselnusskerne aufgekauft. Die Käufe gehen weiter.
Starke Schneefälle und Frost bedrohen am Schwarzen Meer die Haselnussblüten.
Mittwoch, 23. Januar 2008
23.01.2008
Hazelnutkernels
Hazelnut kernels 11/13 mm cost at the moment 8,90 YTL/kg ex works Turkey which compares to 5,11 Euro/kg.
TMO has bought nearly 92.ooo tons of kernels so far.
Hazelnut kernels 11/13 mm cost at the moment 8,90 YTL/kg ex works Turkey which compares to 5,11 Euro/kg.
TMO has bought nearly 92.ooo tons of kernels so far.
22.01.2008
General
The financial market has start to lose ground since yesterday worldwide. Stock Exchange in Germany lost nearly 7% per day, the highest loss since September 11th, 2007.
Today losses went on in Japan and China, and it is expected that the crisis will further occur.
Banks are still writing down losses due to subprime crisis in the USA.
This nervousness influenced the commodity markets, also agricultural products.
Futures of Palmoil in Kuala Lumpur have lost nearly 5% today.
The overnight session in Chicago for the futures of soy and wheat indicate also big losses today.
Panic sales influence actually the markets.
Fundamentals for agricultural products have not changed. Production of the most important oilseeds is still not enough to fulfil the demand.
7 Oilseeds
World Supply and Demand (Mio. Tn)
Season 07/08* .06/07. 05/06 .04/05 .03/04
Opening Stocks 82,90 73,20 64,90 48,00 53,40
Production 378,40 397,20 383,30 372,10 324,40
Total Supplies 461,30 470,40 448,20 420,10 377,80
Disappearance 400,90 387,50 375,00 355,20 329,80
Ending Stocks 60,40 82,90 73,20 64,90 48,00
Stock/Usage ** 15% 21% 20% 18% 15%
* Forecast
** Stocks in % of annual disapperance
Source: USDA
Ending stocks by the end of crops season 2007/2008 will be reduced by nearly 27% compared to last year. This is the sharpest decrease ever seen. The production of the 7 Oilseeds is expected to be down by nearly 19 Mio tons compared to last season, mainly to lower production of soybeans and sunflower seed. The Production of sunflower seed is expected to decrease by nearly 3 Mio tons.
Fight for acres is expected to be very hard as both stocks for oilseeds and grains are at lowest levels.
This will have increasing impact on prices.
Strong demand remains from China and India.
Also stocks of oils become tight despite the fact that production of palm oil is increasing sharply.
Exchange RatePoor prospects on economic growth in Europe made the US-$ firmer compared to Euro.
Crude Mineral Oil
Turmoil in the financial sector led to big losses in crude mineral oil.
Palm Oil
Palm Oil futures corrected sharp in Kuala Lumpur due to nervousness in the financial sector and fell to a two weeks low.
Profit taking and liquidation of positions were the reason.
Coconut- and Palmkernel Oil
Prices of coconut and palmkernel oil fell also due to the financial crisis from their record levels. .
Rape Oil and Sun Oil
Prices for Rape Oil and Sunoil remain at record levels, despite yesterday´s and today´s corrections.
Rapeseed supplies will be tight this and next season due to lower production and stocks. Sunoil remaines at record levels as relief from Argentina will not come as expected. Demand for sun oil remains very high.
The financial market has start to lose ground since yesterday worldwide. Stock Exchange in Germany lost nearly 7% per day, the highest loss since September 11th, 2007.
Today losses went on in Japan and China, and it is expected that the crisis will further occur.
Banks are still writing down losses due to subprime crisis in the USA.
This nervousness influenced the commodity markets, also agricultural products.
Futures of Palmoil in Kuala Lumpur have lost nearly 5% today.
The overnight session in Chicago for the futures of soy and wheat indicate also big losses today.
Panic sales influence actually the markets.
Fundamentals for agricultural products have not changed. Production of the most important oilseeds is still not enough to fulfil the demand.
7 Oilseeds
World Supply and Demand (Mio. Tn)
Season 07/08* .06/07. 05/06 .04/05 .03/04
Opening Stocks 82,90 73,20 64,90 48,00 53,40
Production 378,40 397,20 383,30 372,10 324,40
Total Supplies 461,30 470,40 448,20 420,10 377,80
Disappearance 400,90 387,50 375,00 355,20 329,80
Ending Stocks 60,40 82,90 73,20 64,90 48,00
Stock/Usage ** 15% 21% 20% 18% 15%
* Forecast
** Stocks in % of annual disapperance
Source: USDA
Ending stocks by the end of crops season 2007/2008 will be reduced by nearly 27% compared to last year. This is the sharpest decrease ever seen. The production of the 7 Oilseeds is expected to be down by nearly 19 Mio tons compared to last season, mainly to lower production of soybeans and sunflower seed. The Production of sunflower seed is expected to decrease by nearly 3 Mio tons.
Fight for acres is expected to be very hard as both stocks for oilseeds and grains are at lowest levels.
This will have increasing impact on prices.
Strong demand remains from China and India.
Also stocks of oils become tight despite the fact that production of palm oil is increasing sharply.
Exchange RatePoor prospects on economic growth in Europe made the US-$ firmer compared to Euro.
Crude Mineral Oil
Turmoil in the financial sector led to big losses in crude mineral oil.
Palm Oil
Palm Oil futures corrected sharp in Kuala Lumpur due to nervousness in the financial sector and fell to a two weeks low.
Profit taking and liquidation of positions were the reason.
Coconut- and Palmkernel Oil
Prices of coconut and palmkernel oil fell also due to the financial crisis from their record levels. .
Rape Oil and Sun Oil
Prices for Rape Oil and Sunoil remain at record levels, despite yesterday´s and today´s corrections.
Rapeseed supplies will be tight this and next season due to lower production and stocks. Sunoil remaines at record levels as relief from Argentina will not come as expected. Demand for sun oil remains very high.
15.01.2008
Ölmärkte
Die mit grosser Spannung erwarteten USDA Zahlen haben die Befürchtungen bestätigt, dass die Versorgung mit Ölsaaten weiterhin angespannt bleibt.
Die erwartete Ölsaatenproduktion wird für das Erntejahr 2007/2008 mit 389,7 Millionen Tonnen geschätzt. Gegenüber der letzten Schätzung vom Dezember 2007 entspricht das einem Rückgang von 1,6 Millionen Tonnen.
Die sehr trockenen Wetterverhältnisse in Südamerika haben bereits zu Korrekturen in der Schätzung geführt. So wird die brasilianische Sojabohnenernte um 1,5 Millionen Tonnen weniger ausfallen als bei der letzten Schätzung erwartet.
Die Trockenheit wirkt sich auch auf die Ernteaussichten für Sonnenblumenkerne aus. Argentinische Ernteaussichten für Sonnenblumenkerne sind um 0,2 Millionen Tonnen heruntergesetzt worden.
Bei der ohnehin sehr knappen Versorgung mit Sonnenblumenkernen wirkt sich dieser Zustand katastrophal auf die Preisentwicklung aus.
Die weltweiten Bestände sowohl für Ölsaaten als auch für Getreide sind weiter rückläufig. Weizenbestände haben den niedrigsten Wert seit 60 Jahren erreicht.
Nach diesen Zahlen sind die Preise nach oben explodiert. Der gesamte Sojakomplex hat wieder Rekordwerte erreicht.
Rapssaat- und Rapsölpreise haben ebenfalls wieder Rekordhöhen erreicht.
Offerten für Sonnenblumenöl sind verschwunden. Es wird erwartet, dass heute die 1700 US$/t-Marke durchbrochen wird.
Palmölpreise haben heute um 3% angezogen. Sowohl die festen Sojaölpreise und Produktionsprobleme in Malaysia führen zu immer höheren Preisen.
Da der Flächenkampf zwischen Sojabohnen und Mais für die USA, die im März beginnt, noch bevorsteht, ist zu befürchten, dass die Preisrallye weitergehen wird.
Kurz- bis mittelfristig ist mit einer Entspannung auf den Rohstoffmärkten nicht zu rechnen.
10.01.2008
General
Markets are still under fire. Prices of vegetable oils are further increasing. Existing demand from China and India, and rumours about planned reducing import taxes in India, are keep the markets under pressure.
The following table shows the price changes of the most important commodities for the food industry.
Driven by lower stocks and deteriotating weather conditions in South America fears of bad crops lead to higher prices for all oils.
1. Due to lower stocks in the USA and instability in Nigeria caused again increasing prices after a setback earlier this week.
2. Disappointing employment figures in the USA weakened the US- $ again. Weather prospects in South America and increasing prices for mineral oil led to higher prices in Chicago for the soycomplex.
Palm Oil
Increasing demand from China and rumours about import tax reductions in India have caused that prices for palmoil have reached record high with 1.042,4 US-$/t cir Rotterdam. Higher prices of soyoil and mineral oil strengthen the prices for palm oil. Export figures are not so bad as feared, production increase is not so high as anticipated, so the prices rally from one record to the other. Temporarily price setbacks occur due to profit taking, but the direction shows higher. As crude palmoil has a discount of nearly 85US-$ to soyoil it is expected that there will be much more shift to palm in countries where possible.
Coconut Oil and Palmkernel Oil
Higher prices for Palmoil and soyoil have also an increasing impact on lauric oils. Additionally shipments from origin are very irregular and shipments from the Philippines are still below last years level. Still very low stocks in Rotterdam keep the prices under pressure.
Rapeseed Oil
EU Rapeseed Crushings were higher than expected in France, Germany and Benelux countries. EU 27 Crushings of 3 oilseeds are further increasing.
Prices for rapeseed are increasing due to this demand from the crushers and due to the increasing prices for sunoil.
Sun Oil
The first in history prices for sunoil reached 1.600 US-$/t FOB Eurpean ports. Supply concerns from Argentina due to icy temperatures and concerns about energy crisis in Argentina have pushed up the prices from yesterday to today by nearly 30 US-$. Crop prospects in Argentina remain poor, as weather conditions are too dry for the time.
Average rainfall compared to last year is catastrophic.
This means that under these circumstances the anticipated crop result will not come true, this will cause problems in the nearer future.
Die mit grosser Spannung erwarteten USDA Zahlen haben die Befürchtungen bestätigt, dass die Versorgung mit Ölsaaten weiterhin angespannt bleibt.
Die erwartete Ölsaatenproduktion wird für das Erntejahr 2007/2008 mit 389,7 Millionen Tonnen geschätzt. Gegenüber der letzten Schätzung vom Dezember 2007 entspricht das einem Rückgang von 1,6 Millionen Tonnen.
Die sehr trockenen Wetterverhältnisse in Südamerika haben bereits zu Korrekturen in der Schätzung geführt. So wird die brasilianische Sojabohnenernte um 1,5 Millionen Tonnen weniger ausfallen als bei der letzten Schätzung erwartet.
Die Trockenheit wirkt sich auch auf die Ernteaussichten für Sonnenblumenkerne aus. Argentinische Ernteaussichten für Sonnenblumenkerne sind um 0,2 Millionen Tonnen heruntergesetzt worden.
Bei der ohnehin sehr knappen Versorgung mit Sonnenblumenkernen wirkt sich dieser Zustand katastrophal auf die Preisentwicklung aus.
Die weltweiten Bestände sowohl für Ölsaaten als auch für Getreide sind weiter rückläufig. Weizenbestände haben den niedrigsten Wert seit 60 Jahren erreicht.
Nach diesen Zahlen sind die Preise nach oben explodiert. Der gesamte Sojakomplex hat wieder Rekordwerte erreicht.
Rapssaat- und Rapsölpreise haben ebenfalls wieder Rekordhöhen erreicht.
Offerten für Sonnenblumenöl sind verschwunden. Es wird erwartet, dass heute die 1700 US$/t-Marke durchbrochen wird.
Palmölpreise haben heute um 3% angezogen. Sowohl die festen Sojaölpreise und Produktionsprobleme in Malaysia führen zu immer höheren Preisen.
Da der Flächenkampf zwischen Sojabohnen und Mais für die USA, die im März beginnt, noch bevorsteht, ist zu befürchten, dass die Preisrallye weitergehen wird.
Kurz- bis mittelfristig ist mit einer Entspannung auf den Rohstoffmärkten nicht zu rechnen.
10.01.2008
General
Markets are still under fire. Prices of vegetable oils are further increasing. Existing demand from China and India, and rumours about planned reducing import taxes in India, are keep the markets under pressure.
The following table shows the price changes of the most important commodities for the food industry.
Driven by lower stocks and deteriotating weather conditions in South America fears of bad crops lead to higher prices for all oils.
1. Due to lower stocks in the USA and instability in Nigeria caused again increasing prices after a setback earlier this week.
2. Disappointing employment figures in the USA weakened the US- $ again. Weather prospects in South America and increasing prices for mineral oil led to higher prices in Chicago for the soycomplex.
Palm Oil
Increasing demand from China and rumours about import tax reductions in India have caused that prices for palmoil have reached record high with 1.042,4 US-$/t cir Rotterdam. Higher prices of soyoil and mineral oil strengthen the prices for palm oil. Export figures are not so bad as feared, production increase is not so high as anticipated, so the prices rally from one record to the other. Temporarily price setbacks occur due to profit taking, but the direction shows higher. As crude palmoil has a discount of nearly 85US-$ to soyoil it is expected that there will be much more shift to palm in countries where possible.
Coconut Oil and Palmkernel Oil
Higher prices for Palmoil and soyoil have also an increasing impact on lauric oils. Additionally shipments from origin are very irregular and shipments from the Philippines are still below last years level. Still very low stocks in Rotterdam keep the prices under pressure.
Rapeseed Oil
EU Rapeseed Crushings were higher than expected in France, Germany and Benelux countries. EU 27 Crushings of 3 oilseeds are further increasing.
Prices for rapeseed are increasing due to this demand from the crushers and due to the increasing prices for sunoil.
Sun Oil
The first in history prices for sunoil reached 1.600 US-$/t FOB Eurpean ports. Supply concerns from Argentina due to icy temperatures and concerns about energy crisis in Argentina have pushed up the prices from yesterday to today by nearly 30 US-$. Crop prospects in Argentina remain poor, as weather conditions are too dry for the time.
Average rainfall compared to last year is catastrophic.
This means that under these circumstances the anticipated crop result will not come true, this will cause problems in the nearer future.
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