---
title: Mintec Pricing Update - 16 May
description: Here is the Mintec Pricing update for the past week. Feel free to get in touch if you have any questions.
image: https://www.mintecglobal.com/hubfs/shutterstock__Palm_Oil_103847213-2.jpg
---
[](https://www.mintecglobal.com)
[.png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png "Mintec_by_expana_dark")](https://www.mintecglobal.com)
- 
**
- [](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com)
- [](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com)
- [](https://www.mintecglobal.com/french)
- [](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/italia)
- [](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/portugal)
- [](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/espana)
- [](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69)
[](https://www.mintecglobal.com)
[.png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png) ](https://www.mintecglobal.com/)
- EN
**
- [NL](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com)
- [FI](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com)
- [FR](https://translate.google.com/translate?hl=&sl=en&tl=fr&u=www.mintecglobal.com)
- [DE](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com)
- [IT](https://translate.google.com/translate?hl=&sl=en&tl=it&u=www.mintecglobal.com)
- [NO](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com)
- [PT](https://translate.google.com/translate?hl=&sl=en&tl=pt&u=www.mintecglobal.com)
- [RU](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com)
- [ES](https://translate.google.com/translate?hl=&sl=en&tl=es&u=www.mintecglobal.com)
- [SV](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69)
# Mintec Pricing Update - 16 May
[back to insight ](https://www-mintecglobal-com.sandbox.hs-sites.com/our-insight-2018)
May 16, 2022
4 mins read
**Palm Oil**
- • At the close of trading last week, market sentiment in the Palm Oil market was **BEARISH**.
- • Market participants were reported to Mintec that they expect the Indonesian export ban to be repealed in the coming weeks. Stores of palm oil are rapidly filling up within Indonesia and without an alternative outlet for excess supply there is an expectation that exports will resume. One trader commented “the ban is likely reversed in May and the market will be flooded with cheap oil as sellers look to offload the stored supply.”
- • Global demand levels also remain uncertain with China, a key importer of palm oil, seeing reduced demand due to the ongoing lockdowns within the country.
- **• The Mintec Benchmark Prices for Palm Oil CIF Rotterdam [[Mintec Code: CPOR](https://www.mintecanalytics.com/workspace/commodity/CPOR)] was assessed at €1,655.50/mt on 13 May, down $4.00/mt on the week**
-
Dairy
- •At the close of trading last week, market sentiment in the dairy markets was **MIXED**.
- •Prices for Sweet Whey Powder declined with increased cheese production boosting supplies
- **•T****he assessment for ****Whey Powder**** EXW ****EU**** [[Mintec Code: BL131](https://www.mintecanalytics.com/workspace/commodity/BL131)] was made at €****1,500****/mt on Thursday, down €****75****/mt week-on-week. **
Pork
- •At the close of trading last week, market sentiment in the European pork market was **BEARISH**.
- •Mintec’s European Pork Index fell on the week, driven by a large fall in German prices, as increased product availability was meet with lower domestic demand due to increasing retail prices.
- **•The Mintec Benchmark Prices for Pig Deadweight Grade S EXW Europe [[Mintec Code: BW56](https://www.mintecanalytics.com/workspace/commodity/BW56)] was assessed at €1.****8****3/kg on ****10**** May, ****down 8.2% from the previous assessment****.**
Almonds
- •At the close of trading last week sentiment in the almond market was **NEUTRAL**
- •Limited trading was observed in the US almond markets over the course of the assessment period with market participants waiting on several data releases before taking positions.
- •The April position report, released on 11 May, came in higher than expected with shipments at 245 million pounds and the USDA subjective almond forecast, released 12 May, pegged 2022 US almond production at 2.80 billion pounds. For more information on how the subjective forecast compares to industry estimates [click here](https://www.mintecglobal.com/top-stories/usda-subjective-almond-release-neutral-for-the-market?hsLang=en).
- **•Prices for industrial almonds moved up slightly with trades for current crop standard 5% almonds observed between $1.77-1.79/lb. The assessment for the Mintec Benchmark Prices for standard 5% almonds FAS US [**[Mintec Code: NAL1](https://www.mintecanalytics.com/workspace/commodity/NAL1)**] was made at 1.77/lb on 12 May, up 2 cents/lb on the week and in line with the last reported trade.**
Coffee
- •At the close of trading last week, market sentiment in the coffee market was **MIXED**.
- •Futures prices have risen slightly from their multi-month lows early last week on the news that some coffee-growing regions in Brazil are at risk of a frost later this week. However, more recent forecasts have started to calm fears, but isolated frost still remains a possibility over the coming days.
- •Differentials were broadly unchanged as the terminal market rose, **with the Mintec Benchmark Prices for ****Brazilian** **MTGB 3/4 GC FOB ****[[Mintec Code: CDB2](https://www.mintecanalytics.com/workspace/commodity/CDB2)] last assessed at ****-17****/lb on Thursday, ****flat**** on the week.**
Cocoa
- •At the close of trading last week, market sentiment in the cocoa market was **MIXED**.
- •Futures trading on ICE London remains choppy, with the nearby MAY22 contract closing below £1,700/mt every day last week on technical selling and rebalancing of portfolios. •Fundamentals are broadly unchanged and recent rains continue to boost expectations for the ongoing midcrop harvest.
- •The Mintec Benchmark Prices for **Cocoa Butter EXW Western Europe spot [[Mintec Code: COBS](https://www.mintecanalytics.com/workspace/commodity/COBS)] were assessed at €****3,935****/mt, ****down 5.4%**** on the week.**
Mintec Team
[## PRICE FORECASTING
##  Strengthen your buying strategy, control exposure to price risk
Deliver future price predictions and hedging recommendations, by identifying key turning points and commodity trends.
LEARN MORE
](https://www.mintecglobal.com/forecasting)
#### /You May Also Like
[ANALYSIS: Black Sea Wheat Exports Face Logistical and Weather Challenges](https://www.mintecglobal.com/top-stories/analysis-black-sea-wheat-exports-face-logistical-and-weather-challenges)
Grain markets in the Black Sea region are entering the second half of...
January 27, 2026
[ANALYSIS: Euronext wheat slides as USDA reinforces global supply surplus](https://www.mintecglobal.com/top-stories/analysis-euronext-wheat-slides-as-usda-reinforces-global-supply-surplus)
Euronext milling wheat futures extended losses over the past week,...
January 19, 2026
###### PLATFORM
## Mintec Analytics
The spend intelligence you need, about the food products you buy, all in one place.
[](https://cta-redirect.hubspot.com/cta/redirect/4080606/9e6aba24-3280-4c09-b0f8-14b8b3680071)
CONTACT DETAILS
- UK +44 1628 642498
- USA +1 732 240 5330
-  [Mintec Ltd](https://www.linkedin.com/company/mintec-ltd/)
HEAD QUARTERS
Gloucester House Unit Q,
Bourne End Business Park,
Bourne End,
SL8 5AS UK
CONTACT DETAILS
- [ sales@mintecglobal.com](mailto:sales@mintecglobal.com)
- [ pra@mintecglobal.com](mailto:pra@mintecglobal.com)
- [ support@mintecglobal.com](mailto:support@mintecglobal.com)
-
-  [Mintec Ltd](https://www.linkedin.com/company/mintec-ltd/)
-  [@MintecLimited](https://twitter.com/MintecLimited)
##### ** NEW YORK • LONDON • PARIS • COPENHAGEN **** **
- 
- 
- 
- 
- 
- 
##### ** NEW YORK LONDON ****PARIS COPENHAGEN **** **
- [Cookie Policy](https://www.mintecglobal.com/cookie-policy) |
- [Privacy Statement](https://www.expanamarkets.com/wp-content/uploads/2025/10/Privacy-Policy-November-2025_FINAL.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral) |
- [Terms & Conditions |](https://www.mintecglobal.com/terms-and-conditions)
- [Modern Slavery Statement](https://www.expanamarkets.com/wp-content/uploads/2025/09/Modern-Slavery-Statement-SEPT-2025.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral)
Copyright © 2026 Mintec Limited
- [Cookie Policy](https://www.mintecglobal.com/cookie-policy) |
- [Privacy Statement](https://www.expanamarkets.com/wp-content/uploads/2025/10/Privacy-Policy-November-2025_FINAL.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral) |
- [Terms & Conditions |](https://www.mintecglobal.com/terms-and-conditions)
- [Modern Slavery Statement](https://www.expanamarkets.com/wp-content/uploads/2025/09/Modern-Slavery-Statement-SEPT-2025.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral)
Copyright © 2026 Mintec Limited