In April 2022, the FAO price index for the oilseeds is continuing to increase for the 8th consecutive month, which has gain 2.4 points (1.3 percent) to a new record high. By contrast, the indices for the vegetable oils and oilmeals have been decreased from their all-time highs that is registered in the month of March 2022 decreased by 9.6 (6.2 percent) and 14.3 (5.7 percent) points month on month.
All the three prices indices have been trailing the oil crops complex have now remained above the levels of the oil crops a year earlier, specifically in the case of the vegetable oils. To the continuous strength of the oilseed index has been mainly reflecting high values of rapeseed and soybean, which has been more than the offset decreased quotations of sunflowerseeds.
The international prices of soybean increased marginally in April 2022, which is mainly underpinned by a strong pace of crushings in the United States and Brazil thanks to the profitable processing margins, along with the robust global import purchases specifically from China and also worries over the impact of the frost on the crops of soybean in Argentina.
For oilmeals, the decrease of the price index had been driven by reducing soy, rapeseed and sunflower meals values. In China, the top protein meal consumer in the world, however the hog inventories had already recovered to the level in which they existed before the outbreak of African Swine Fever hit the country.
For the vegetable oil, the price index has been decreased from the record high that is registered in March 2022, but has now remained significantly above the value in the corresponding month of 2021. This decline had been driven by the lowering the world prices of palm, sunflower and soy oils that are more than the offset higher oil quotations of the oilseeds.