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16/06/2010
Newsflash Aigremont 1 : The Euro zone is still a cause for anxiety

Palm oil price has calm down over the past two weeks thanks to good supply of soy oil which continues to put pressure on prices.

Pressure from the European debt crisis continues to worry investors who are hesitating to purchase what pushes prices downwards. It is also expected that if crude mineral oil goes below USD 70 per barrel it should provide enough pressure on palm oil prices to keep them below USD 800 per ton.

And the last element affecting palm oil on the short term is the good production for the month of May.

Demand in Europe, USA, China and Malaysia is climbing for coconut oil and global exports have almost tripled on the first four months of 2010.

At the moment US soybean stocks are extremely tight, this will continue to be the case till the new crop in August.

In Argentine, the sunflower crop was unusually poor.

The prices of rapeseed oil are currently rising a bit due to the expected decline of supplies, the reduction of stocks and the rising demand.

And lastly, the groundnut oil market is very quiet at the moment.


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Réalisé en collaboration avec
l'Agence wallonne à l'Exportation (AWEX)
Place Sainctelette, 2 1080 Bruxelles
Tél. : 02/421.82.11 Fax : 02/421.87.87
Internet: http://www.awex.be/



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