World Perspectives
soy-oilseeds

Veg Oil Leads Spike

The UN FAO reports that global agricultural commodity prices rose 3.1 percent in 2020. Though overall commodity prices are still below 2012 levels, vegetable oil prices are now at their highest level since that pivotal year. Global vegetable oil prices rose 4.7 percent in December alone, and were up 19.1 percent for the year. Ending stocks for the big four (palm, rape, soy and sun) are now at more than a decade low. Stocks were partially driven down by price since the average value to producers for these oils in 2019 was $519/MT, versus $662/MT in 2011. Until the spike in 2020, the average global vegetable oil price had been down 32 percent in real terms from 2011. But the decline in stocks is uneven. Rapeseed oil stocks are down one-third...

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feed-grains soy-oilseeds wheat

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livestock

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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