BARCELONA, SPAIN — David Hightower will address the oilseed process and sector at the Oilseed Congress Europe/MENA, Feb. 9-10,  2016, at the Hilton Barcelona, in Barcelona, Spain.
“Early warning signs indicate that El Niño should manifest in the coming weeks in Malaysia and Indonesia, potentially impacting oilseed prices,” Hightower said. “Additionally, the renewed implementation of soybean oil, palm oil and other vegetable oils for biodiesel could lead to a bottoming in oilseed prices in 2016."
Hightower will address this issue, and other imperative indicators in the oilseed sector, during his presentation on day two of the conference. Hightower has over 35 years of experience in the commodity and financial futures industry and is president of The Hightower Report, a commodity research and information firm specializing in high quality futures research and analysis.

On the first day of the event, Thomas Mielke, editor-in-chief of OIL WORLD, will present his Global Overview of the Oilseed Market, and discuss the oil and oilmeal price prospects for 2016.

Mielke will elaborate on the prospective tightness in palm oil caused by the lagged effects of the drought registered in 2015 as a result of El Niño.

“With yields per hectare declining in several regions of Indonesia and Malaysia, and with Indonesian biodiesel production recovering, world exports of palm oil are likely to decline in calendar year 2016,” said Mielke. “This comes on top of the tightness in rapeseed oil and will raise global dependence on soya oil. But soybeans are primarily a ‘meal seed’ and cannot solve a vegetable oil supply tightness without creating a surplus in oilmeals.”

Mielke joined OIL WORLDin the mid-1970s, and since 2002 has served as executive director of ISTA Mielke GmbH in Hamburg, Germany, where OIL WORLD is produced.