In the terms of high forecasts of the global sunflower and palm oils production, in 2011/12 MY the world market of vegetable oils will come to the period of "Great volatility", reported Dorab Mistry, one of the leading analysts in the field of vegetable oils, director of Godrej International. The expert was one of the key speakers at the conference “Globoil India” in Mumbai, which was also attended by journalists of APK-Inform Agency.
In particular, the expert expects that in the nearest 5-8 weeks the cost of crude palm oil on the Malaysian stock exchange in Kuala Lumpur will fluctuate within the range of 2800-3000 MYR/t (1 MYR = 0.31 USD). Then, beginning from December 2011, the prices will make up lost grounds. Worsening of the weather conditions and reducing of the sowing areas under oil palms is likely to be the main engine of the trend. As a result, by April - June, the price of palm oil in Malaysia will possibly reach the level of 4000 MYR/t. At the same time, the analyst forecasted the general production of palm oil in Malaysia and Indonesia in 2011/12 MY at the level of 19 and 25.5 mln tonnes, respectively.
D.Mistry announced more modest forecast concerning soybean oil prices: before the beginning of spring the product prices will stay at the level of 1200-1250 USD/t FOB. The growth in demand from the biodiesel industry in the USA may make some of the impetus for the increased cost of the product on the futures exchange in Chicago. Nevertheless, the cash market will not affect the indicated trend. By April-June 2012 quotation of soybean oil in Chicago may rise by 0.65-0.7 USD/t of the product.
According to the speaker, sunflower oil will be offered cheaper compared to soybean oil prices until January 2012, but, if market participants have any concerns about coming of the Argentinian products on the market, the prices for sunflower oil may rise.
It is not a secret that the Ukrainian market does not always follow trends of the world market. In the present situation the risks of vegetable oils trading are growing by leaps and bounds. You can receive more information on how market operators can overcome the difficulties in trading, during participation in the anniversary tenth international conference "Fat-and-Oil Industry – 2011", to be held on November 23-25, 2011, in Ukraine, Kiev. Within frames of the conference Anna Pogrebnaya, representative of the lawyer union Arzinger, will provide the presentation "Export trade with vegetable oils: opportunities and threats”.
The history of the law firm Arzinger starts in 2002. Being a member of a variety of alliances of independent law firms such as ALFA International, State Capital Group and Mackrell International to name but a few; as well as having formed reliable and longstanding partnerships with other leading law firms. The result is that Arzinger is an established international law firm with access to over 15000 lawyers in more than 150 law firms ranging over five continents. Being an independent partner of leading law associations Arzinger law firm has the opportunity to render the highest quality legal services in compliance with all standards and requirements necessary for the delivery of highly reliable and gilt-edged expertise in law.
