Monthly Stock Comparison 2022
| Country : China | ||||||||||||
| Oils and Fats Ending Stocks | ||||||||||||
| Â | Palm Oil (MT) | Soybean Oil (MT) | Sunflower Oil (MT) | Rapeseed Oil (MT) | Other Oils (MT) | Total Ending Stocks (MT) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Â | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 |
| January | 407,800 | 732,000 | 745,000 | 674,800 | – | – | 303,900 | 165,900 | – | – | 1,456,700 | 1,572,900 |
| February | 369,100 | 739,200 | 699,600 | 728,900 | – | – | 327,000 | 162,800 | – | – | 1,395,700 | 1,630,900 |
| March | 345,400 | 548,800 | 680,800 | 617,800 | – | – | 304,400 | 188,600 | – | – | 1,330,600 | 1,355,200 |
| April | 290,900 | 507,800 | 791,300 | 626,400 | – | – | 289,000 | 219,400 | – | – | 1,371,200 | 1,353,600 |
| May | 238,200 | 447,900 | 861,400 | 744,200 | – | – | 277,500 | 325,400 | – | – | 1,377,100 | 1,517,500 |
| June | 193,000 | 341,500 | 888,800 | 842,200 | – | – | 221,400 | 354,900 | – | – | 1,303,500 | 1,538,600 |
| July | 272,300 | 339,100 | 784,100 | 903,600 | – | – | 165,100 | 418,000 | – | – | 1,221,500 | 1,660,700 |
| August | 305,600 | 450,300 | 704,800 | 850,100 | – | – | 139,900 | 423,100 | – | – | 1,150,300 | 1,723,500 |
| September | 514,700 | 398,300 | 706,600 | 826,300 | – | – | 126,900 | 413,600 | – | – | 1,348,200 | 1,638,200 |
| October | 675,300 | 490,400 | 670,700 | 790,700 | – | – | 112,400 | 387,200 | – | – | 1,458,400 | 1,668,300 |
| November | 874,300 | 559,400 | 611,500 | 761,900 | – | – | 169,800 | 307,100 | – | – | 1,655,600 | 1,628,400 |
| December | 969,600 | 577,500 | 624,800 | 714,600 | – | – | 107,000 | 308,800 | – | – | 1,701,400 | 1,600,900 |
Total stock of 3 major vegetable oils rose for the 4th consecutive month, and ended the month of Dec 2022 with 1.70 million MT stock, an increase of 2.8% or 45,800 MT from end-Nov’s level. The stock level also charted a 17-month high since September 2021, and also 100,500 MT higher than stock level recorded by end of 2021. Similar to the previous months, the ongoing re-stocking activities led by the drastic drop in vegetable oil prices in recent months serves as the main factor that contributed to the increase in stock.
The increase in total stock was mainly attributed to the continuous sharp increase of PO stock in the country. By end of Dec, PO stock jumped 10.9% or 95,300 MT m-o-m to 969,600 MT, the highest stock level since March 2020, or 34-month high. This is also the 2nd highest year-end ending stock in the past 10 years, with the highest recorded in Dec 2012 at 1.15 million MT. The continue increase in PO stock was due to the strong import after the average monthly price discount of PL against SBO stays above RMB1,800/MT since September. This has boosted the interest of importers and traders to bring in more PO partly to capture the growing opportunities of PL demand and also to replenish the PO stock that was at a historical low in June. Besides that, the positive import margin which stayed until end October has also triggered the buying interest, which see the shipments arrived in Nov and Dec, and boosted the stock level.
Similar to PO, SBO’s stock in China also reversed the downtrend witnessed since July as the crushing margin continue to improve and stay at positive range especially in Oct & Nov, which led to the aggressive crushing among the crushers into December as well.  SBO stock by end December was recorded at 624,800 MT, a marginal increase of 2.2% m-o-m. Although the official import data for SBO & SB is still not available at this juncture, it is expected that the SB import will stay at 7-8 million MT in December, which will translate into additional 100,000 MT of SBO output in December, explaining why stock level of SBO stop dropping this month.
Stock level of RSO recorded a sharp drop in December by 37.0% or 62,800 MT, this is due to the sharper drop of RSO price against other major vegetable oil, which triggered the demand. Besides that, the drop in price also led to more aggressive replenishment by government on RSO reserves. All above factors resulted in the drop in total RSO stock among the major crushing plants in China.
Source: MPOC Market Intelligence
Stock figures will be updated no later than the 10th of every month
*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.
| Country : India | ||||||||||||
| Oils and Fats Ending Stocks | ||||||||||||
| Â | Palm Oil (MT) | Soybean Oil (MT) | Sunflower Oil (MT) | Rapeseed Oil (MT) | Other Oils (MT) | Total Ending Stocks (MT) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Â | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 |
| January | 398,777 | 401,695 | 154,598 | 118,327 | 154,647 | 175,553 | 3,637 | – | – | – | 711,659 | 695,575 |
| February | 336,270 | 317,878 | 107,166 | 181,820 | 83,065 | 119,470 | 43 | – | – | – | 526,544 | 619,168 |
| March | 349,212 | 213,162 | 127,988 | 138,090 | 119,115 | 141,126 | – | – | – | – | 596,325 | 492,378 |
| April | 251,594 | 244,644 | 101,105 | 81,977 | 80,225 | 191,293 | – | – | – | – | 432,924 | 517,914 |
| May | 240,865 | 314,760 | 166,426 | 125,738 | 100,435 | 162,190 | – | – | – | – | 507,726 | 602,688 |
| June | 134,513 | 316,770 | 143,163 | 186,535 | 1,517 | 256,980 | – | – | – | – | 279,193 | 760,285 |
| July | 40,450 | 219,568 | 168,593 | 223,333 | 249 | 185,517 | – | – | – | – | 209,292 | 628,418 |
| August | 332,225 | 320,267 | 190,479 | 215,574 | 116,228 | 106,523 | – | 5,641 | – | – | 638,932 | 647,825 |
| September | 484,369 | 602,429 | 181,360 | 175,852 | 103,486 | 131,559 | – | 10,417 | – | – | 769,215 | 920,257 |
| October | 434,677 | 420,691 | 119,851 | 108,025 | 64,049 | 87,185 | – | 15,233 | – | – | 618,577 | 631,134 |
| November | 580,515 | 437,789 | 61,140 | 206,160 | 110,552 | 80,978 | – | 14,083 | – | – | 752,207 | 739,010 |
| December | 706,996 | 344,886 | 344,886 | 161,001 | 100,165 | 97,338 | – | 9,801 | – | – | 900,827 | 613,026 |
December 2022 stocks are 47% higher than December 2021 and 20% higher than the previous month, November 2022. Stocks this month, at 900k, are higher than all monthly stocks in the current year, mainly due to increase in POP stocks. POP stocks are significantly higher, by 22%, than the 580K in the previous month, November, 2022. Soft Oils stocks have registered a decrease of 28% compared to Nov 2021 and but an increase of 13% compared to Nov 2022. CDSBO stocks fell 42% compared to Dec 2021 but rose 53% compared to Nov 2022. CSFO stocks, for the same periods, rose by 3% and fell 9%, respectively. In POP, RBD Olein stocks continued to rise, to 194k compared to 168k in Nov 2022. At the same time CPO stocks also rose to 462k from 353k in Nov 2022. The fluctuating Ukraine situation will continue to influence the composition of the import basket, especially SBO/SFO. POP imports seem to be gaining strength on the back of their competitiveness. However removal of certain import duties/cess on Soft Oils has made them more competitive, throwing up new challenges for PPO.
Source: MPOC Market Intelligence
Stock figures will be updated no later than the 10th of every month
*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.
| Country : Pakistan | ||||||||||||
| Oils and Fats Ending Stocks | ||||||||||||
| Â | Palm Oil (MT) | Soybean Oil (MT) | Sunflower Oil (MT) | Rapeseed Oil (MT) | Other Oils (MT) | Total Ending Stocks (MT) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Â | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 |
| January | 273,242 | 321,802 | 16,000 | – | – | – | – | – | – | – | 289,242 | 321,802 |
| February | 203,365 | 341,195 | 10,500 | – | – | – | – | – | – | – | 213,865 | 341,195 |
| March | 186,865 | 242,300 | 25,740 | – | – | – | – | – | – | – | 212,605 | 242,300 |
| April | 267,230 | 186,430 | 9,200 | 8,000 | – | – | – | – | – | – | 276,430 | 194,430 |
| May | 170,390 | 187,050 | 24,150 | 31,000 | – | – | – | – | – | – | 194,540 | 218,050 |
| June | 58,720 | 174,800 | 37,200 | 21,000 | – | – | – | – | – | – | 95,920 | 195,800 |
| July | 249,830 | 168,810 | 36,600 | 21,900 | – | – | – | – | – | – | 286,430 | 190,710 |
| August | 289,756 | 271,255 | 32,000 | 15,900 | – | – | – | – | – | – | 321,756 | 287,155 |
| September | 278,870 | 297,436 | 37,330 | 13,900 | – | – | – | – | – | – | 316,200 | 311,336 |
| October | 214,078 | 331,496 | 43,120 | 20,900 | – | – | – | – | – | – | 257,198 | 352,396 |
| November | 286,370 | 338,920 | 32,300 | 12,200 | – | – | – | – | – | – | 318,670 | 351,120 |
| December | Â | 314,670 | Â | 6,900 | Â | – | Â | – | Â | – | Â | 321,570 |
At the end of November 2022, the edible oil stocks at Port Qasim Authority (PQA) and Karachi Port Trust (KPT) have recorded a figure of 318,670 MT which is 23.90% higher than the closing stocks of the previous month. Out of the total 318,670MT of stocks available at Port Qasim Authority and Karachi Port, the stocks of RBD palm olein is showing the highest share of 42.55% followed by palm oil 39.77%. Palm oil and its various fractions have a share of 89.86% in the total ending stocks.
The increase in the stock level if Karachi is primarily due to the high arrivals of oils and fats in the month of November which was over 300,000 MT. The industry members are facing have been facing difficulties in import of edible oil in Pakistan due to issues with opening of LCs and foreign remittances which resulted in low imports in September and October. The imports picked up in November and are likely to exceed 300,000MT in December as well. The winter months are usually high consumption months in Pakistan so this rise in stocks will not impact the domestic traded price or demand in Pakistan.
Source: MPOC Market Intelligence
Stock figures will be updated no later than the 10th of every month
*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.
| Country : Bangladesh | ||||||||||||
| Oils and Fats Ending Stocks | ||||||||||||
| Palm Oil (MT) | Soybean Oil (MT) | Sunflower Oil (MT) | Rapeseed Oil (MT) | Other Oils (MT) | Total Ending Stocks (MT) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |
| January | 24,470 | 5,429 | 19,050 | 63,373 | – | – | – | – | – | – | 43,520 | 68,802 |
| February | 59,280 | 91,866 | 25,830 | 82,237 | – | – | – | – | – | – | 85,110 | 174,103 |
| March | 88,180 | 68,247 | 28,700 | 128,237 | – | – | – | – | 7,000 | – | 123,880 | 196,484 |
| April | 36,688 | 70,697 | 28,817 | 169,576 | – | – | – | – | 2,500 | – | 68,005 | 240,273 |
| May | 28,635 | 74,586 | 25,525 | 191,339 | – | – | – | – | – | – | 54,160 | 265,925 |
| June | 21,525 | 68,586 | 19,910 | 176,428 | – | – | – | – | – | – | 41,435 | 245,014 |
| July | 52,000 | 93,003 | 54,530 | 172,841 | – | – | – | – | – | – | 106,530 | 265,844 |
| August | 76,450 | 28,700 | 75,400 | 48,720 | – | – | – | – | – | – | 151,850 | 77,420 |
| September | 140,700 | 24,460 | 114,560 | 60,470 | – | – | – | – | – | – | 255,260 | 84,930 |
| October | 220,345 | 45,860 | 93,775 | 47,995 | – | – | – | – | – | – | 314,120 | 93,855 |
| November | 184,830 | 40,335 | 82,940 | 43,175 | – | – | – | – | – | – | 267,770 | 83,510 |
| December | 169,135 | 50,660 | 53,715 | 36,885 | – | – | – | – | – | – | 222,850 | 87,545 |
| Country : USA | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oils and Fats Ending Stocks | ||||||||||||
| Palm Oil (MT) | Soybean Oil (MT)* | Sunflower Oil (MT)* | Rapeseed Oil (MT) | Other Oils (MT) | Total Ending Stocks (MT)* | |||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |
| January | 154,000 | 170,000 | 942,000 | 823,000 | 23,000 | 34,000 | 52,000 | 106,000 | 113,000 | 113,000 | 1,284,000 | 1,246000 |
| February | 154,000 | 170,000 | 942,000 | 777,000 | 23,000 | 34,000 | 52,000 | 71,000 | 113,000 | 113,000 | 1,284,000 | 1,165,000 |
| March | 154,000 | 170,000 | 896,000 | 786,000 | 23,000 | 30,000 | 77,000 | 71,000 | 113,000 | 117,000 | 1,263,000 | 1,174,000 |
| April | 159,000 | 170,000 | 774,000 | 779,000 | 23,000 | 34,000 | 88,000 | 71,000 | 113,000 | 113,000 | 1,157,000 | 1,167,000 |
| May | 159,000 | 170,000 | 763,000 | 686,000 | 23,000 | 23,000 | 88,000 | 67,000 | 113,000 | 110,000 | 1,146,000 | 1,056,000 |
| June | 159,000 | 170,000 | 754,000 | 675,000 | 23,000 | 23,000 | 71,000 | 60,000 | 113,000 | 113,000 | 1,120,000 | 1,041,000 |
| July | 159,000 | 170,000 | 822,000 | 659,000 | 23,000 | 23,000 | 71,000 | 60,000 | 113,000 | 113,000 | 1,188,000 | 1,025,000 |
| August | 159,000 | 170,000 | 828,000 | 670,000 | 23,000 | 23,000 | 67,000 | 62,900 | 113,000 | 113,000 | 1,190,000 | 1,038,000 |
| September | 159,000 | 170,000 | 837,000 | 815,000 | 23,000 | 23,000 | 73,000 | 60,000 | 113,000 | 113,000 | 1,205,000 | 1,181,000 |
| October | 159,000 | 154,000 | 843,000 | 867,000 | 23,000 | 23,000 | 81,000 | 58,000 | 116,000 | 113,000 | 1,222,000 | 1,215,000 |
| November | 159,000 | 154,000 | 862,000 | 869,000 | 23,000 | 23,000 | 79,000 | 52,000 | 116,000 | 113,000 | 1,239,000 | 1,211,000 |
| December | 154,000 | 869,000 | 23,000 | 52,000 | 113,000 | 1,211,000 | ||||||
