Who is the first contact for Asian refined oils?

Annie Lim takes care of leading the Asian team, palm oleochemicals and Asian…

What was the direct spend handled by the team in 2022? (+/-)

It’s the first of January. There is a shortage of palm oil in the market on spot months.

Low stocks and market expects a low production for Q1. Oleon is already sold out for Q1 but you bought only 30% of this volume.

Q2 is trading at a discount to Q1 as a decrease in demand and increase in production is expected in Q2.

Which statements are true about the market situation described? (2 answers needed)

It's beginning of Q1. Stocks of soybean oil are very low but in Q2 a record South-American crop is expected to enter the market, giving a discount on Q2. How would you describe this market?

It’s the end of September. The market has been expecting a Palm oil production increase in September with 10% which caused prices to decrease for the last 4 weeks to a 3 month low on spot and Q4 prices. Production is expected to decrease in October and we expect a price increase on Q4 in the coming months.

Sales however are slow, only 10% of the forecast is in the orderbook for Q4 but sales expects to reach the forecast. You bought nothing yet on Q4.

Sales wants to take position and protect against a price increase, which position should you take on Q4?

Which crop has the lowest protein content?

Which crop has the highest protein content?

Due to low prices, BASF has put their major petrochemical plant in Brazil in maintenance. Which market driver are they mainly trying to manipulate?

We are mid Q4. The market fundamentals are bearish until end Q1 with a big inverse calculated into the prices.

You have received information however that 2 out of 3 producers are going into maintenance for over 4 weeks in Q1 which will reduce availability.

You decide with sales and supply chain to go long and buy 100% of the forecast. What is the primary reason?