Weakening Demand for Biodiesel & Rape Oil in Germany…

The following are the headlines of the respective OIL WORLD WEEKLY.

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• Soya oil prices firmer than meal this week, supported by recovering energy prices. In South America soybeans enter critical growth stage — partly with soil moisture deficits — but conditions are still largely favourable…
• German biodiesel capacities have become excessive in view of dwindling B100 market, turning the country into a net exporter of biodiesel. The slowdown in Germany contrasts with growing biodiesel markets in other EU countries…
• For Oct/Sept 2006/07 we estimate world consumption of fish oil at 950 Thd T, the lowest in 30 years and down sharply from 1.0 Mn T in Oct/Sept 2005/06. Some aquaculture feed producers switch to rape oil…
• Dec 31 Canadian canola stocks significantly below expectations at 6.7 Mn T, implying a decline by 0.8 Mn T from the year before. But stocks were either underreported and/or the 2006 crop will need to be revised downward…
• Cumulative oilseed crushings in the now 27 member states of the European Union reached a record 17.9 Mn T in July/Dec 2006, up by 1.1 Mn T or 7% from a year earlier. Rapeseed confirmed its leading position with crushings at a record 7.9 Mn T, up by 10%…
• Biodiesel contributed to outstanding demand growth in the U.S. In Jan/Nov 2006, demand for soya oil rose by 216 Thd T and for all other oils & fats by even 410 Thd T…

(Cf. news of 2007-01-18.)

Source

Oil World, 2007-02-02.

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