*Malaysia 1-31 Dec vs. 1-30 Nov palm oil export (in mt)*
Amspec: 1,491,985 vs. 1,572,312 (-80,327 or down 5.11%)
ITS: 1,581,110 vs. 1,668,648 (-87,538 or down 5.25%)
By: via Malaysian Palm Oil Council Russia
четверг, 30 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Лидерами по импорту российской масложировой продукции в 2021 году стали Китай (1,7 млн тонн), Турция (1,2 млн тонн), Иран (720 тыс. тонн), Белоруссия (685 тыс. тонн) и Латвия (463 тыс. тонн). https://tass.ru/ekonomika/13324425
By: via Malaysian Palm Oil Council Russia
Лидерами по импорту российской масложировой продукции в 2021 году стали Китай (1,7 млн тонн), Турция (1,2 млн тонн), Иран (720 тыс. тонн), Белоруссия (685 тыс. тонн) и Латвия (463 тыс. тонн). https://tass.ru/ekonomika/13324425
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPOPC SAYS PALM OIL PRICES IN 2022 WILL LIKELY CONTINUE TO TRADE IN THE BULLISH RANGE OF $1,000 PER TONNE - Reuters News
30-Dec-2021 12:36:03 PM
- COUNCIL OF PALM OIL PRODUCING COUNTRIES SAYS GLOBAL PALM OIL PRODUCTION IN 2022 WILL REMAIN CONSTRAINED
- CPOPC SAYS 2021 PALM OIL END-STOCKS EXPECTED TO STAY BELOW 4 MLN TONNES IN INDONESIA, 2.1 MLN T IN MALAYSIA
- CPOPC SAYS INDONESIA, MALAYSIA MAY NOT DELIVER MUCH PALM OIL OUTPUT GROWTH IN 2022 DUE TO LOWER FERTILISER APPLICATION
- CPOPC SAYS PALM OIL SECTOR MAY AGAIN SUFFER FROM LOW FERTILISER APPLICATION IN 2022 DUE TO HIGH PRICES
- CPOPC SAYS CHINA'S PALM OIL CONSUMPTION IN 2022 EXPECTED TO INCREASE DUE TO LOWER RAPESEED OIL AND SOY OIL SUPPLY
- CPOPC SAYS INDIA'S PALM OIL PURCHASE EXPECTED TO RISE IN 2022 SPURRED BY DEMAND RECOVERY, LOWER IMPORT DUTIES
- CPOPC SAYS EXPORTS TO EUROPEAN UNION IN 2022 EXPECTED TO BE MUTED DUE TO UNATTRACTIVE PALM OIL PRICES FOR BIODIESEL BLENDING
By: via Malaysian Palm Oil Council Russia
30-Dec-2021 12:36:03 PM
- COUNCIL OF PALM OIL PRODUCING COUNTRIES SAYS GLOBAL PALM OIL PRODUCTION IN 2022 WILL REMAIN CONSTRAINED
- CPOPC SAYS 2021 PALM OIL END-STOCKS EXPECTED TO STAY BELOW 4 MLN TONNES IN INDONESIA, 2.1 MLN T IN MALAYSIA
- CPOPC SAYS INDONESIA, MALAYSIA MAY NOT DELIVER MUCH PALM OIL OUTPUT GROWTH IN 2022 DUE TO LOWER FERTILISER APPLICATION
- CPOPC SAYS PALM OIL SECTOR MAY AGAIN SUFFER FROM LOW FERTILISER APPLICATION IN 2022 DUE TO HIGH PRICES
- CPOPC SAYS CHINA'S PALM OIL CONSUMPTION IN 2022 EXPECTED TO INCREASE DUE TO LOWER RAPESEED OIL AND SOY OIL SUPPLY
- CPOPC SAYS INDIA'S PALM OIL PURCHASE EXPECTED TO RISE IN 2022 SPURRED BY DEMAND RECOVERY, LOWER IMPORT DUTIES
- CPOPC SAYS EXPORTS TO EUROPEAN UNION IN 2022 EXPECTED TO BE MUTED DUE TO UNATTRACTIVE PALM OIL PRICES FOR BIODIESEL BLENDING
By: via Malaysian Palm Oil Council Russia
среда, 29 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
European vegoils- Palm edges lower on profit taking in futures
ROTTERDAM, Dec 29 (Refinitiv) - Palm oil on the European vegetable oils market eased on Wednesday following profit taking in Malaysian palm oil futures and because of a weaker tone in rival oils.
Asking prices for palm oil were mostly between $10 and $30 a tonne lower after Malaysian palm oil futures closed between 38 and 133 ringgit per tonne down.
Business overall was slow as most players had closed their books for the year and prices were mostly seen as indicative.
At 1730 GMT, CBOT soyoil futures were between 0.12 cents per pound lower and 0.41 cents up on mild technical selling with South American weather worries supporting prices.
EU rapeoil was offered between five euros per tonne firmer and 20 euros per tonne lower, following easier rapeseed futures.
Lauric oils were mostly quoted between $150 and $215 a tonne lower as a more aggressive seller started offering material. Bids, if any, were some $100 a tonne below seller ideas.
By: via Malaysian Palm Oil Council Russia
ROTTERDAM, Dec 29 (Refinitiv) - Palm oil on the European vegetable oils market eased on Wednesday following profit taking in Malaysian palm oil futures and because of a weaker tone in rival oils.
Asking prices for palm oil were mostly between $10 and $30 a tonne lower after Malaysian palm oil futures closed between 38 and 133 ringgit per tonne down.
Business overall was slow as most players had closed their books for the year and prices were mostly seen as indicative.
At 1730 GMT, CBOT soyoil futures were between 0.12 cents per pound lower and 0.41 cents up on mild technical selling with South American weather worries supporting prices.
EU rapeoil was offered between five euros per tonne firmer and 20 euros per tonne lower, following easier rapeseed futures.
Lauric oils were mostly quoted between $150 and $215 a tonne lower as a more aggressive seller started offering material. Bids, if any, were some $100 a tonne below seller ideas.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm pares losses as crude, rival oils gain
KUALA LUMPUR, Dec 30 (Reuters) - Malaysian palm oil futures pared previous session's losses to gain on Thursday, buoyed by stronger crude and rival edible oils amid expectations for tighter supply.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 21 ringgit, or 0.45%, to 4,716 ringgit ($1,131.34) a tonne during early trade.
It had gained 0.45% in overnight trade.
FUNDAMENTALS
Traders are awaiting industry estimates for December production, expecting lower output and drawdown on stocks.
Dalian's most-active soyoil contract DBYcv1 gained 0.2%, while its palm oil contract DCPcv1 rose 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
Oil prices extended several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections and making palm a more attractive option as biodiesel feedstock.
Palm oil may retest a support at 4,676 ringgit per tonne, a break below which could cause a fall into 4,591-4,625 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets got off to a listless start on Thursday as the spread of Omicron clouded the last trading day of the year for many exchanges around the globe, while oil was close to finishing 2021 with gains of more than 50%.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 30 (Reuters) - Malaysian palm oil futures pared previous session's losses to gain on Thursday, buoyed by stronger crude and rival edible oils amid expectations for tighter supply.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 21 ringgit, or 0.45%, to 4,716 ringgit ($1,131.34) a tonne during early trade.
It had gained 0.45% in overnight trade.
FUNDAMENTALS
Traders are awaiting industry estimates for December production, expecting lower output and drawdown on stocks.
Dalian's most-active soyoil contract DBYcv1 gained 0.2%, while its palm oil contract DCPcv1 rose 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
Oil prices extended several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections and making palm a more attractive option as biodiesel feedstock.
Palm oil may retest a support at 4,676 ringgit per tonne, a break below which could cause a fall into 4,591-4,625 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets got off to a listless start on Thursday as the spread of Omicron clouded the last trading day of the year for many exchanges around the globe, while oil was close to finishing 2021 with gains of more than 50%.
By: via Malaysian Palm Oil Council Russia
вторник, 28 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops on weaker rivals, profit-taking
KUALA LUMPUR, Dec 29 (Reuters) - Malaysian palm oil futures fell on Wednesday, tracking weaker rivals oils and as traders booked profit after prices rose to a two-week high in the previous session.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange dropped 1.4% to 4,705 ringgit ($1,125.60) in early trade. It rose 3.56% on Tuesday, but slipped 0.5% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYcv1 slid 0.7%, while its palm oil contract DCPcv1 dropped 0.71%. Soybean oil prices on the Chicago Board of Trade BOc2 fell 0.19%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
U.S. oil rose for a sixth consecutive session while Brent gained more ground with a broad-based rally in global markets supporting prices.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian stocks slipped following a mixed Wall Street session as the region's investors positioned their portfolios for the new year and continued to grapple with increasing Omicron coronavirus cases globally.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 29 (Reuters) - Malaysian palm oil futures fell on Wednesday, tracking weaker rivals oils and as traders booked profit after prices rose to a two-week high in the previous session.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange dropped 1.4% to 4,705 ringgit ($1,125.60) in early trade. It rose 3.56% on Tuesday, but slipped 0.5% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYcv1 slid 0.7%, while its palm oil contract DCPcv1 dropped 0.71%. Soybean oil prices on the Chicago Board of Trade BOc2 fell 0.19%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
U.S. oil rose for a sixth consecutive session while Brent gained more ground with a broad-based rally in global markets supporting prices.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian stocks slipped following a mixed Wall Street session as the region's investors positioned their portfolios for the new year and continued to grapple with increasing Omicron coronavirus cases globally.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Общий намолот сои составил 1 млн 175 тыс. тонн, это на 20% выше показателей прошлого года. https://www.interfax-russia.ru/far-east/news/urozhay-soi-v-amurskoy-oblasti-vyros-na-20-po-sravneniyu-s-proshlym-godom
By: via Malaysian Palm Oil Council Russia
Общий намолот сои составил 1 млн 175 тыс. тонн, это на 20% выше показателей прошлого года. https://www.interfax-russia.ru/far-east/news/urozhay-soi-v-amurskoy-oblasti-vyros-na-20-po-sravneniyu-s-proshlym-godom
By: via Malaysian Palm Oil Council Russia
понедельник, 27 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks rival oils higher
KUALA LUMPUR, Dec 28 (Reuters) - Malaysian palm oil futures gained on Tuesday, rising for a fifth session in six on the back of strength in rival Chicago and Dalian oils.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 0.74% to 4,638 ringgit ($1,109.04) in early trade. It gained 0.78% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYcv1 gained 0.4%, while its palm oil contract DCPcv1 rose 0.1%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery climbed 0.55%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil gained more ground with prices trading close to last session's one-month high on expectations that the Omicron coronavirus variant will have only a limited impact on global demand.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian shares gained, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 28 (Reuters) - Malaysian palm oil futures gained on Tuesday, rising for a fifth session in six on the back of strength in rival Chicago and Dalian oils.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 0.74% to 4,638 ringgit ($1,109.04) in early trade. It gained 0.78% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYcv1 gained 0.4%, while its palm oil contract DCPcv1 rose 0.1%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery climbed 0.55%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil gained more ground with prices trading close to last session's one-month high on expectations that the Omicron coronavirus variant will have only a limited impact on global demand.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian shares gained, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Валовой сбор масличных в этом году достиг рекордных 23 млн т, сообщил Минсельхоз. В том числе урожай подсолнечника составил 15,5 млн т (на 17% больше, чем в 2020-м), сои — 4,8 млн т (плюс 10,5%), рапса — 2,8 млн т (плюс 8,5%). https://www.agroinvestor.ru/markets/news/37296-urozhay-maslichnykh-obnovil-rekord/
By: via Malaysian Palm Oil Council Russia
Валовой сбор масличных в этом году достиг рекордных 23 млн т, сообщил Минсельхоз. В том числе урожай подсолнечника составил 15,5 млн т (на 17% больше, чем в 2020-м), сои — 4,8 млн т (плюс 10,5%), рапса — 2,8 млн т (плюс 8,5%). https://www.agroinvestor.ru/markets/news/37296-urozhay-maslichnykh-obnovil-rekord/
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*Good copy
Malaysia 1-25 Dec’21 vs. 1-25 Nov’21 palm oil export (in mt):
*SGS: 1,338,255 vs 1,336,125 (+2,130 or up 0.16%)* revised
Amspec: 1,242,761 vs. 1,254,934 (-12,173 or down 0.97%)
ITS: 1,306,408 vs. 1,340,778 (-34,370 or down 2.56%)
** SGS ISSUES REVISED STATEMENT ON MALAYSIA'S PALM OIL EXPORTS
By: via Malaysian Palm Oil Council Russia
Malaysia 1-25 Dec’21 vs. 1-25 Nov’21 palm oil export (in mt):
*SGS: 1,338,255 vs 1,336,125 (+2,130 or up 0.16%)* revised
Amspec: 1,242,761 vs. 1,254,934 (-12,173 or down 0.97%)
ITS: 1,306,408 vs. 1,340,778 (-34,370 or down 2.56%)
** SGS ISSUES REVISED STATEMENT ON MALAYSIA'S PALM OIL EXPORTS
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Current Disruptions in Sudan and Its Implications on Palm Oil Imports
https://mpoc.org.my/current-disruptions-in-sudan-and-its-implications-on-palm-oil-imports/
1. The Latest Political Situation in Sudan Sudan is facing a lot of disruptions because of the latest revolution. The country has descended into crisis after the military dissolved the country’s power-sharing Sovereign Council and the transitional government, and temporarily detaining Prime Minister, several articles of the constitution have been suspended, state governors removed, and declared a […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/current-disruptions-in-sudan-and-its-implications-on-palm-oil-imports/
1. The Latest Political Situation in Sudan Sudan is facing a lot of disruptions because of the latest revolution. The country has descended into crisis after the military dissolved the country’s power-sharing Sovereign Council and the transitional government, and temporarily detaining Prime Minister, several articles of the constitution have been suspended, state governors removed, and declared a […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 26 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oscillates as profit-taking counters stronger rival oils
KUALA LUMPUR, Dec 27 (Reuters) - Malaysian palm futures swung between gains and losses on Monday, as lower exports and stronger rival oils countered profit booking after the contract notched its biggest gain in four-and-a-half months in the previous session.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 0.13% to 4,655 ringgit ($1,111.51) in early trade. It jumped 3.8% on Friday, logging its biggest gain since Aug. 11.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.57%, while its palm oil contract DCPv1 gained 1.63%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were up 0.67%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Dec. 1-25 fell 2.6% to 1,306,408 tonnes from 1,340,778 tonnes shipped during the same period a month before, cargo surveyor Intertek Testing Services said on Saturday.
Oil prices were mixed, with Brent edging up while U.S. crude futures slipped after airlines called off thousands of flights in the United States over Christmas holidays amid surging COVID-19 infections.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
Palm oil may break a resistance at 4,676 ringgit per tonne, and rise into 4,751-4,812 ringgit range, Reuters technical analyst Wang Tao said.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 27 (Reuters) - Malaysian palm futures swung between gains and losses on Monday, as lower exports and stronger rival oils countered profit booking after the contract notched its biggest gain in four-and-a-half months in the previous session.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 0.13% to 4,655 ringgit ($1,111.51) in early trade. It jumped 3.8% on Friday, logging its biggest gain since Aug. 11.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.57%, while its palm oil contract DCPv1 gained 1.63%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were up 0.67%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Dec. 1-25 fell 2.6% to 1,306,408 tonnes from 1,340,778 tonnes shipped during the same period a month before, cargo surveyor Intertek Testing Services said on Saturday.
Oil prices were mixed, with Brent edging up while U.S. crude futures slipped after airlines called off thousands of flights in the United States over Christmas holidays amid surging COVID-19 infections.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
Palm oil may break a resistance at 4,676 ringgit per tonne, and rise into 4,751-4,812 ringgit range, Reuters technical analyst Wang Tao said.
By: via Malaysian Palm Oil Council Russia
пятница, 24 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Сбор масличных культур (подсолнечник, соя, рапс) в РФ в 2021 году стал рекордным и достиг 23 млн тонн, сообщает Минсельхоз. http://www.finmarket.ru/news/5617737
By: via Malaysian Palm Oil Council Russia
Сбор масличных культур (подсолнечник, соя, рапс) в РФ в 2021 году стал рекордным и достиг 23 млн тонн, сообщает Минсельхоз. http://www.finmarket.ru/news/5617737
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Директор Масложирового союза Михаил Мальцев отметил, что на фоне рекордного урожая аграрии сдерживают продажи. Вероятно, это позволяет спекулятивно накрутить цены на сырье, предположил он. https://iz.ru/1268754/evgeniia-pertceva/batonnaia-stena-minselkhoz-sprognoziroval-tceny-na-khleb-i-maslo-v-fevrale
By: via Malaysian Palm Oil Council Russia
Директор Масложирового союза Михаил Мальцев отметил, что на фоне рекордного урожая аграрии сдерживают продажи. Вероятно, это позволяет спекулятивно накрутить цены на сырье, предположил он. https://iz.ru/1268754/evgeniia-pertceva/batonnaia-stena-minselkhoz-sprognoziroval-tceny-na-khleb-i-maslo-v-fevrale
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*Malaysia 1-25 Dec 2021 vs. 1-25 Nov 2021 export (in mt)* - _Rumors only_
AMSPEC : 1,263,201 vs. 1,254,934 (+8,267 or up 0.66%)
By: via Malaysian Palm Oil Council Russia
AMSPEC : 1,263,201 vs. 1,254,934 (+8,267 or up 0.66%)
By: via Malaysian Palm Oil Council Russia
четверг, 23 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Исполнительный директор Масложирового союза Михаил Мальцев указывает, что российские переработчики масличных никогда не были полностью обеспечены сырьем. https://www.kommersant.ru/doc/5142536
By: via Malaysian Palm Oil Council Russia
Исполнительный директор Масложирового союза Михаил Мальцев указывает, что российские переработчики масличных никогда не были полностью обеспечены сырьем. https://www.kommersant.ru/doc/5142536
By: via Malaysian Palm Oil Council Russia
среда, 22 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*MPOA 1-20 DEC Production:*
Peninsular (-) 14.01%
Sabah (-) 13.31%
Sarawak (-) 7.28%
East Malaysia (-) 11.80%
Malaysia (-) 13.18%
By: via Malaysian Palm Oil Council Russia
Peninsular (-) 14.01%
Sabah (-) 13.31%
Sarawak (-) 7.28%
East Malaysia (-) 11.80%
Malaysia (-) 13.18%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Overview of Malaysian Palm Oil
https://mpoc.org.my/overview-of-malaysian-palm-oil/
Prepared by Vicky
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/overview-of-malaysian-palm-oil/
Prepared by Vicky
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises for third day on expectations of soft December output
JAKARTA, Dec 23 (Reuters) - Malaysian palm oil futures rose for the third straight session on Thursday amid expectations of a softer December output due to torrential rains that began last week and caused floods in eight states in Malaysia.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.30% to 4,506 ringgit ($1,071.58) in early trade.
Palm gained 3.73% over the past two days and rose 1.57% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.59%, while its palm oil contract DCPv1 gained 1.60%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were down 0.16%.
Oil prices rose on overnight after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
Palm oil may test a resistance at 4,555 ringgit per tonne, a break above which could lead to a gain into 4,625-4,676 ringgit range.
MARKET NEWS
A global share rally continued in early Asian trading on Thursday and the safe haven dollar was on the back foot as markets took cheer from positive signs about the impact of the Omicron variant and U.S. economic data.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Dec 23 (Reuters) - Malaysian palm oil futures rose for the third straight session on Thursday amid expectations of a softer December output due to torrential rains that began last week and caused floods in eight states in Malaysia.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.30% to 4,506 ringgit ($1,071.58) in early trade.
Palm gained 3.73% over the past two days and rose 1.57% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.59%, while its palm oil contract DCPv1 gained 1.60%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were down 0.16%.
Oil prices rose on overnight after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
Palm oil may test a resistance at 4,555 ringgit per tonne, a break above which could lead to a gain into 4,625-4,676 ringgit range.
MARKET NEWS
A global share rally continued in early Asian trading on Thursday and the safe haven dollar was on the back foot as markets took cheer from positive signs about the impact of the Omicron variant and U.S. economic data.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Immune-enhancing Potential of Palm Tocotrienols
https://mpoc.org.my/immune-enhancing-potential-of-palm-tocotrienols/
The immune system plays an important role in helping us to remain healthy as the cells of the immune system help us fight and recover from infections and diseases such as cancer, as well as to heal from injuries.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/immune-enhancing-potential-of-palm-tocotrienols/
The immune system plays an important role in helping us to remain healthy as the cells of the immune system help us fight and recover from infections and diseases such as cancer, as well as to heal from injuries.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Emergence of New Technology to Produce Solid Fat: Are They Any Better?
https://mpoc.org.my/emergence-of-new-technology-to-produce-solid-fat-are-they-any-better/
Trans-fats, also known as trans-fatty acids are a type of unsaturated fatty acids that occur in small amounts in nature but widely produced industrially as a by-product. Naturally occurring trans-fats are made by bacteria that live in the animal rumen such as cattle, sheep and goats.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/emergence-of-new-technology-to-produce-solid-fat-are-they-any-better/
Trans-fats, also known as trans-fatty acids are a type of unsaturated fatty acids that occur in small amounts in nature but widely produced industrially as a by-product. Naturally occurring trans-fats are made by bacteria that live in the animal rumen such as cattle, sheep and goats.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Trans-Fats Part 2
https://mpoc.org.my/trans-fats-part-2/
Detrimental health effects of trans-fats.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/trans-fats-part-2/
Detrimental health effects of trans-fats.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Growth Prospects for Malaysian Palm Oil in Vietnam’s Foodservice Sector
https://mpoc.org.my/growth-prospects-for-malaysian-palm-oil-in-vietnams-foodservice-sector/
Vietnam’s Foodservice Sector Vietnam is an extremely attractive market for the foodservice sector, with a population of more than 93 million people that is growing in size and purchasing power. The Vietnamese foodservice market is divided into full-service restaurants, cafés and bars, street kiosks, fast food, and eateries that deliver to customers’ homes. In 2020, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/growth-prospects-for-malaysian-palm-oil-in-vietnams-foodservice-sector/
Vietnam’s Foodservice Sector Vietnam is an extremely attractive market for the foodservice sector, with a population of more than 93 million people that is growing in size and purchasing power. The Vietnamese foodservice market is divided into full-service restaurants, cafés and bars, street kiosks, fast food, and eateries that deliver to customers’ homes. In 2020, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
В Самарской области маслопроизводитель полностью автоматизировал конвейерную линию и увеличил объемы продукции. Сейчас на предприятии также готовятся к запуску производства подсолнечного лецитина. https://sova.info/news/v-samarskoy-oblasti-proizvoditel-podsolnechnogo-masla-zapustit-liniyu-po-vypusku-letsitina/
By: via Malaysian Palm Oil Council Russia
В Самарской области маслопроизводитель полностью автоматизировал конвейерную линию и увеличил объемы продукции. Сейчас на предприятии также готовятся к запуску производства подсолнечного лецитина. https://sova.info/news/v-samarskoy-oblasti-proizvoditel-podsolnechnogo-masla-zapustit-liniyu-po-vypusku-letsitina/
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*Duty cut could lift India's refined palm oil imports, dent CPO purchases - Reuters News*
22-Dec-2021 04:19:15 PM
By Rajendra Jadhav
>India cuts import tax on RBD oil
>Duty cut makes RBD cheaper by $50/T than CPO
>RBD imports could rise to 800,000 tonnes in March quarter
MUMBAI, Dec 22 (Reuters) - India's refined palm oil imports are set to jump in the first quarter of 2022 after New Delhi slashed import taxes on it, making the refined product cheaper for Indian buyers than raw material crude palm oil (CPO).
Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia but hurt refiners in India.
New Delhi on Monday slashed the basic import tax on refined, bleached and deodorized (RBD) palm oil to 12.5% from 17.5% until March 2022 and allowed imports until December 2022 to cool near-record prices. (Full Story) (Full Story)
"Duty reduction has made refined palm oil cheaper than CPO. There will be a surge in RBD imports in coming months," said Govindbhai Patel, managing partner at edible oil trading firm GGN Research.
India could import 750,000 tonnes to 800,000 tonnes of refined palm oil in March quarter, more than the 686,340 tonnes it imported in the entire 2020/21 marketing year ended on Oct. 31, said Patel, who has been trading edible oils for nearly five decades.
Indonesia is offering RBD at $50 per tonne discount to CPO since Jakarta raised export levies on CPO to $127 per tonne above those for refined oil, said Sudhakar Desai, president of the Indian Vegetable Oil Producers' Association.
"In short term RBD imports could bring down local prices. But the surge will hit local refining industry in terms of margin and capacity utilization," Desai said.
India traditionally imports around 650,000 tonnes of palm oil every month, mostly in the form of CPO.
The import duty reduction would prompt buyers to replace CPO with RBD in the coming months, said Atul Chaturvedi, president of edible oil trade body the Solvent Extractors Association of India.
"This is contrary to our principle of self-reliance and may harm employment generation and value addition within India," Chaturvedi said.
India, which fulfills more than 70% of its edible oil consumption through imports, has been trying to bring down overseas purchases by promoting local oilseed production.
By: via Malaysian Palm Oil Council Russia
22-Dec-2021 04:19:15 PM
By Rajendra Jadhav
>India cuts import tax on RBD oil
>Duty cut makes RBD cheaper by $50/T than CPO
>RBD imports could rise to 800,000 tonnes in March quarter
MUMBAI, Dec 22 (Reuters) - India's refined palm oil imports are set to jump in the first quarter of 2022 after New Delhi slashed import taxes on it, making the refined product cheaper for Indian buyers than raw material crude palm oil (CPO).
Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia but hurt refiners in India.
New Delhi on Monday slashed the basic import tax on refined, bleached and deodorized (RBD) palm oil to 12.5% from 17.5% until March 2022 and allowed imports until December 2022 to cool near-record prices. (Full Story) (Full Story)
"Duty reduction has made refined palm oil cheaper than CPO. There will be a surge in RBD imports in coming months," said Govindbhai Patel, managing partner at edible oil trading firm GGN Research.
India could import 750,000 tonnes to 800,000 tonnes of refined palm oil in March quarter, more than the 686,340 tonnes it imported in the entire 2020/21 marketing year ended on Oct. 31, said Patel, who has been trading edible oils for nearly five decades.
Indonesia is offering RBD at $50 per tonne discount to CPO since Jakarta raised export levies on CPO to $127 per tonne above those for refined oil, said Sudhakar Desai, president of the Indian Vegetable Oil Producers' Association.
"In short term RBD imports could bring down local prices. But the surge will hit local refining industry in terms of margin and capacity utilization," Desai said.
India traditionally imports around 650,000 tonnes of palm oil every month, mostly in the form of CPO.
The import duty reduction would prompt buyers to replace CPO with RBD in the coming months, said Atul Chaturvedi, president of edible oil trade body the Solvent Extractors Association of India.
"This is contrary to our principle of self-reliance and may harm employment generation and value addition within India," Chaturvedi said.
India, which fulfills more than 70% of its edible oil consumption through imports, has been trying to bring down overseas purchases by promoting local oilseed production.
By: via Malaysian Palm Oil Council Russia
вторник, 21 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm gains for second day on rival oil strength
JAKARTA, Dec 22 (Reuters) - Malaysian palm oil futures extended gains to a second session on Wednesday, tracking gains in rival oils and crude oil prices.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.16% to 4,435 ringgit ($1,054.70) in early trade.
On Tuesday, it gained 2.21% in its best session in two weeks, buoyed by concerns of harvest being disrupted by floods in Malaysia and an import tax cut by key buyer India. The contract gained 0.48% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.78% while its palm oil contract DCPcv1 gained 2.22%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were up 0.39%.
Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.Palm oil may bounce more into a range of 4,480-4,555 ringgit per tonne, following its stabilisation around a support at 4,296 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian share markets were gaining ground as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron variant cases around the world.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Dec 22 (Reuters) - Malaysian palm oil futures extended gains to a second session on Wednesday, tracking gains in rival oils and crude oil prices.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.16% to 4,435 ringgit ($1,054.70) in early trade.
On Tuesday, it gained 2.21% in its best session in two weeks, buoyed by concerns of harvest being disrupted by floods in Malaysia and an import tax cut by key buyer India. The contract gained 0.48% in overnight trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 for May delivery rose 1.78% while its palm oil contract DCPcv1 gained 2.22%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery were up 0.39%.
Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.Palm oil may bounce more into a range of 4,480-4,555 ringgit per tonne, following its stabilisation around a support at 4,296 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian share markets were gaining ground as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron variant cases around the world.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Как выбрать правильный майонез, каким он должен быть по цвету и консистенции и стоит ли готовить домашний соус – в материале «Газеты.Ru». https://www.gazeta.ru/lifestyle/style/2021/12/a_14336257.shtml
By: via Malaysian Palm Oil Council Russia
Как выбрать правильный майонез, каким он должен быть по цвету и консистенции и стоит ли готовить домашний соус – в материале «Газеты.Ru». https://www.gazeta.ru/lifestyle/style/2021/12/a_14336257.shtml
By: via Malaysian Palm Oil Council Russia
понедельник, 20 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*SPPOMA: 1-20th Dec 21*
Overall Summary :
Yield : -11.77%
OER : +0.13%
*Prod : -11.09%*
SPPOMA: 1-15 Dec 21
Overall Summary :
FFB -6.07%
OER +0.20%
Prod -5.1%
SPPOMA: 1-10th Dec 21
Overall Summary :
Yield : -3.69%
OER : +0.19%
Prod : -2.80%
SPPOMA: 1-5th Dec 21
Overall Summary :
Yield : -10.41%
OER : +0.30%
Prod : -8.83%
By: via Malaysian Palm Oil Council Russia
Overall Summary :
Yield : -11.77%
OER : +0.13%
*Prod : -11.09%*
SPPOMA: 1-15 Dec 21
Overall Summary :
FFB -6.07%
OER +0.20%
Prod -5.1%
SPPOMA: 1-10th Dec 21
Overall Summary :
Yield : -3.69%
OER : +0.19%
Prod : -2.80%
SPPOMA: 1-5th Dec 21
Overall Summary :
Yield : -10.41%
OER : +0.30%
Prod : -8.83%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Маргарин является более здоровым продуктом питания, чем сливочное масло, так как у него натуральный состав, пояснили в Федеральном управлении США по надзору за качеством продуктов питания и лекарственных средств (FDA). https://riafan.ru/1574109-fda-zayavilo-chto-margarin-bezopasnee-slivochnogo-masla
By: via Malaysian Palm Oil Council Russia
Маргарин является более здоровым продуктом питания, чем сливочное масло, так как у него натуральный состав, пояснили в Федеральном управлении США по надзору за качеством продуктов питания и лекарственных средств (FDA). https://riafan.ru/1574109-fda-zayavilo-chto-margarin-bezopasnee-slivochnogo-masla
By: via Malaysian Palm Oil Council Russia
воскресенье, 19 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*Labour shortage may drag on - New Straits Times*
20-Dec-2021 11:10:19 AM
AYISY YUSOF KUALA LUMPUR
PALM oil giants and market observers expect further delays in the arrival of some 32,000 foreign workers next year due to the Covid-19 Omicron variant and tighter restrictions.
The palm oil industry is already experiencing an acute shortage of about 75,000 harvesters.
As a result, crude palm oil (CPO) production could fall by 20 to 30 per cent this year.
Agricultural experts believe increasing the intake of foreign workers will allow the sector to produce more than 20 million tonnes of CPO per year.
Malaysian Palm Oil Board director-general Dr Ahmad Parveez Ghulam Kadir said the intake of foreign workers may now take longer in the "new normal" as it will involve various ministries and agencies in Malaysia and the source country.
"Thus far, there is no clear indication of the severity of Omicron," he told the New Straits Times.
"Given the improving vaccination rates in the country, we hope the new variant will not be the cause of further delay in the arrival of foreign workers." Malaysian Palm Oil Association chief executive officer Datuk Mohamad Nageeb Wahab said the industry is waiting for the Indonesian government's approval for its citizens to work in Malaysian plantations.
Meanwhile, FGV Holdings Bhd is preparing for new migrant workers.
"We anticipate the first batch of foreign workers to arrive at the end of the first quarter of 2022," an FGV spokesman told the NST.
Up to October, FGV was operating at 70 per cent of its workforce requirement. It is short of about 10,500 workers.
"This includes 2,000 harvesters required to achieve the optimal yield," he said.
A Sime Darby Plantation Bhd (Sime Plantation) spokesman said the integrated global plantation company is closely monitoring the Omicron development.
"If the entry restriction is expanded to include workers from major source countries, such as Indonesia, India and Bangladesh, this could delay the government's plan to bring in 32,000 foreigners to work as harvesters." Up to September, Sime Plantation had more than 25,000 workers in its upstream operations in Malaysia, over 16,800 of whom were foreign workers.
"This is insufficient to ensure optimal productivity as our total requirement for workers in the upstream operations in Malaysia is more than 32,000." Sime Plantation said it is short of about 7,000 workers, or about 22 per cent of the total worker requirement for upstream operations.
"The government's plan to bring in 32,000 foreign workers will certainly help address the shortfall." Sime Plantation also intends to push for the recruitment of local workers.
"This is done through continuous efforts to mechanise, automate and digitalise our plantation operations." It hopes to transform the nature of work on its estates, making plantation work less laborious while increasing efficiency and productivity.
The company is also leveraging machinery and adopting technologies such as drones to reduce dependence on labour.
"As we progress further with our mechanisation initiatives, we expect to attract more highly skilled Malaysians." FGV also plans to increase the recruitment of locals and mechanisation initiatives.
By: via Malaysian Palm Oil Council Russia
20-Dec-2021 11:10:19 AM
AYISY YUSOF KUALA LUMPUR
PALM oil giants and market observers expect further delays in the arrival of some 32,000 foreign workers next year due to the Covid-19 Omicron variant and tighter restrictions.
The palm oil industry is already experiencing an acute shortage of about 75,000 harvesters.
As a result, crude palm oil (CPO) production could fall by 20 to 30 per cent this year.
Agricultural experts believe increasing the intake of foreign workers will allow the sector to produce more than 20 million tonnes of CPO per year.
Malaysian Palm Oil Board director-general Dr Ahmad Parveez Ghulam Kadir said the intake of foreign workers may now take longer in the "new normal" as it will involve various ministries and agencies in Malaysia and the source country.
"Thus far, there is no clear indication of the severity of Omicron," he told the New Straits Times.
"Given the improving vaccination rates in the country, we hope the new variant will not be the cause of further delay in the arrival of foreign workers." Malaysian Palm Oil Association chief executive officer Datuk Mohamad Nageeb Wahab said the industry is waiting for the Indonesian government's approval for its citizens to work in Malaysian plantations.
Meanwhile, FGV Holdings Bhd is preparing for new migrant workers.
"We anticipate the first batch of foreign workers to arrive at the end of the first quarter of 2022," an FGV spokesman told the NST.
Up to October, FGV was operating at 70 per cent of its workforce requirement. It is short of about 10,500 workers.
"This includes 2,000 harvesters required to achieve the optimal yield," he said.
A Sime Darby Plantation Bhd (Sime Plantation) spokesman said the integrated global plantation company is closely monitoring the Omicron development.
"If the entry restriction is expanded to include workers from major source countries, such as Indonesia, India and Bangladesh, this could delay the government's plan to bring in 32,000 foreigners to work as harvesters." Up to September, Sime Plantation had more than 25,000 workers in its upstream operations in Malaysia, over 16,800 of whom were foreign workers.
"This is insufficient to ensure optimal productivity as our total requirement for workers in the upstream operations in Malaysia is more than 32,000." Sime Plantation said it is short of about 7,000 workers, or about 22 per cent of the total worker requirement for upstream operations.
"The government's plan to bring in 32,000 foreign workers will certainly help address the shortfall." Sime Plantation also intends to push for the recruitment of local workers.
"This is done through continuous efforts to mechanise, automate and digitalise our plantation operations." It hopes to transform the nature of work on its estates, making plantation work less laborious while increasing efficiency and productivity.
The company is also leveraging machinery and adopting technologies such as drones to reduce dependence on labour.
"As we progress further with our mechanisation initiatives, we expect to attract more highly skilled Malaysians." FGV also plans to increase the recruitment of locals and mechanisation initiatives.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks crude, rival oils lower amid Omicron fears
JAKARTA, Dec 20 (Reuters) - Malaysian palm oil futures fell on Monday, tracking weakness in crude and other vegetable oil prices amid fears surging Omicron cases globally would hurt demand.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.41% to 4,390 ringgit ($1,038.81) in early trade.
It had plunged 8.2% last week in its worst performance since June, weighed down by disappointing export data for the first half of the month.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 fell 0.72% while its palm oil contract DCPcv1 lost 1.66%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery fell 0.74%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices slumped by about 2% as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.
Weaker crude oil futures typically make palm a less attractive option for biodiesel feedstock.
MARKET NEWS
Asian share markets fell and oil prices slid as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Dec 20 (Reuters) - Malaysian palm oil futures fell on Monday, tracking weakness in crude and other vegetable oil prices amid fears surging Omicron cases globally would hurt demand.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.41% to 4,390 ringgit ($1,038.81) in early trade.
It had plunged 8.2% last week in its worst performance since June, weighed down by disappointing export data for the first half of the month.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 fell 0.72% while its palm oil contract DCPcv1 lost 1.66%. Soybean oil prices on the Chicago Board of Trade BOc2 for May delivery fell 0.74%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices slumped by about 2% as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.
Weaker crude oil futures typically make palm a less attractive option for biodiesel feedstock.
MARKET NEWS
Asian share markets fell and oil prices slid as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year.
By: via Malaysian Palm Oil Council Russia
четверг, 16 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil jumps over 2% as rivals rise, but heads for weekly losses
SINGAPORE, Dec 17 (Reuters) - Malaysian palm oil futures ended four sessions of losses to jump 2.1% on Friday, as it tracked rival oil gains on the Dalian Commodity Exchange.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 94 ringgit to 4,496 ringgit ($1,068.19) during early trade.
The jump was likely due to costlier rival oils on the Dalian Commodity Exchange, a Kuala Lumpur-based trader told Reuters.
Dalian's most-active soyoil contract DBYcv1 rose 2% while its palm oil contract DCPcv1 jumped 3.5%. Soyoil prices BOc2 on the Chicago Board of Trade were up 0.2%.
The contract is, however, set to plunge 6.3% for the week due to weaker-than-expected exports during the first half of December.
Palm oil FCPOc3 may gain more into a range of 4,555 ringgit to 4,625 ringgit per tonne as suggested by its wave pattern, Reuters technicals analyst said.
FUNDAMENTALS
Chicago wheat futures edged higher, building on the previous session's near 2% gains on the back of strong weekly export sales and dry conditions in the U.S. Plains, while corn and soybeans were stuck in a tight range.
Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Dec 17 (Reuters) - Malaysian palm oil futures ended four sessions of losses to jump 2.1% on Friday, as it tracked rival oil gains on the Dalian Commodity Exchange.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 94 ringgit to 4,496 ringgit ($1,068.19) during early trade.
The jump was likely due to costlier rival oils on the Dalian Commodity Exchange, a Kuala Lumpur-based trader told Reuters.
Dalian's most-active soyoil contract DBYcv1 rose 2% while its palm oil contract DCPcv1 jumped 3.5%. Soyoil prices BOc2 on the Chicago Board of Trade were up 0.2%.
The contract is, however, set to plunge 6.3% for the week due to weaker-than-expected exports during the first half of December.
Palm oil FCPOc3 may gain more into a range of 4,555 ringgit to 4,625 ringgit per tonne as suggested by its wave pattern, Reuters technicals analyst said.
FUNDAMENTALS
Chicago wheat futures edged higher, building on the previous session's near 2% gains on the back of strong weekly export sales and dry conditions in the U.S. Plains, while corn and soybeans were stuck in a tight range.
Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Подорожание сахара и подсолнечного масла можно притормозить, если запретить торговым сетям взимать с их производителей вознаграждения, считают в Минсельхозе. https://iz.ru/1264400/evgeniia-pertceva/derzhat-v-bonuse-proizvoditelei-sakhara-i-masla-osvobodiat-ot-dopvyplat-riteilu
By: via Malaysian Palm Oil Council Russia
Подорожание сахара и подсолнечного масла можно притормозить, если запретить торговым сетям взимать с их производителей вознаграждения, считают в Минсельхозе. https://iz.ru/1264400/evgeniia-pertceva/derzhat-v-bonuse-proizvoditelei-sakhara-i-masla-osvobodiat-ot-dopvyplat-riteilu
By: via Malaysian Palm Oil Council Russia
среда, 15 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*SPPOMA 1-15 Dec vs. 1-15 Nov*
Production : -5.10%
FFB : -6.07%
OER : +0.20%
SPPOMA: 1-10th Dec 21
Overall Summary :
Yield : -3.69%
OER : +0.19%
Prod : -2.69%
SPPOMA: 1-5th Dec 21
Overall Summary
Yield : -10.41%
OER : +0.30%
Prod : -8.83%
By: via Malaysian Palm Oil Council Russia
Production : -5.10%
FFB : -6.07%
OER : +0.20%
SPPOMA: 1-10th Dec 21
Overall Summary :
Yield : -3.69%
OER : +0.19%
Prod : -2.69%
SPPOMA: 1-5th Dec 21
Overall Summary
Yield : -10.41%
OER : +0.30%
Prod : -8.83%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rebounds on stronger crude, rival oils
KUALA LUMPUR, Dec 16 (Reuters) - Malaysian palm oil futures rose on Thursday, clawing back from previous session's steep decline, tracking strength in rival soyoil and crude prices.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.77%, to 4,299 ringgit ($1,016.67) during early trade.
It had plunged 4.5% in the previous session after cargo surveyors reported a larger-than-expected drop in exports during the first half of December.
FUNDAMENTALS
Exports of Malaysian palm oil products for Dec. 1-15 fell 13.4% to 789,549 tonnes from the same period in November, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 fell 0.1% while its palm oil contract DCPcv1 slipped 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.5%.
Oil prices rose as the United States implied consumer petroleum demand surged to a record high in the world's top oil consumer even as the Omicron variant of coronavirus threatens to dent oil consumption globally.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 16 (Reuters) - Malaysian palm oil futures rose on Thursday, clawing back from previous session's steep decline, tracking strength in rival soyoil and crude prices.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.77%, to 4,299 ringgit ($1,016.67) during early trade.
It had plunged 4.5% in the previous session after cargo surveyors reported a larger-than-expected drop in exports during the first half of December.
FUNDAMENTALS
Exports of Malaysian palm oil products for Dec. 1-15 fell 13.4% to 789,549 tonnes from the same period in November, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 fell 0.1% while its palm oil contract DCPcv1 slipped 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.5%.
Oil prices rose as the United States implied consumer petroleum demand surged to a record high in the world's top oil consumer even as the Omicron variant of coronavirus threatens to dent oil consumption globally.
Stronger crude oil futures typically make palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia 1-15 Dec’21 vs. 1-15 Nov’21 palm oil export (in mt):
*SGS: 896,849 vs 911,875 (-15,026 or down 1.65%)*
Amspec: 725,600 vs 798,399 (-72,799 or down 9.12%)
ITS: 772,137 vs. 882,385 (-110,248 or down 12.49%)
By: via Malaysian Palm Oil Council Russia
*SGS: 896,849 vs 911,875 (-15,026 or down 1.65%)*
Amspec: 725,600 vs 798,399 (-72,799 or down 9.12%)
ITS: 772,137 vs. 882,385 (-110,248 or down 12.49%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Более 170 предприятий по производству сои в Амурской области получат государственную поддержку по программе стимулирования увеличения производства масличных культур. https://tass.ru/ekonomika/13206045
By: via Malaysian Palm Oil Council Russia
Более 170 предприятий по производству сои в Амурской области получат государственную поддержку по программе стимулирования увеличения производства масличных культур. https://tass.ru/ekonomika/13206045
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Состав с продукцией завода растительных масел «Эртильский» проследует через станцию Забайкальск на границе с Китаем и далее до китайского города Тяньцзинь. https://www.kommersant.ru/doc/5129808
By: via Malaysian Palm Oil Council Russia
Состав с продукцией завода растительных масел «Эртильский» проследует через станцию Забайкальск на границе с Китаем и далее до китайского города Тяньцзинь. https://www.kommersant.ru/doc/5129808
By: via Malaysian Palm Oil Council Russia
вторник, 14 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*VEGOILS-Palm slumps up to 6% as Dec. 1-15 exports drop*
Reuters News
15-Dec-2021 01:36:47 PM
* Palm futures hits lowest since Sept. 29
* Dec 1-15 exports fall 9% m/m - Amspec Agri
KUALA LUMPUR, Dec 15 (Reuters) - Malaysian palm oil futures plunged as much as 6% on Wednesday to hit their lowest in two-and-a-half months, dragged down by cargo surveyor data showing lower exports for the first half of this month, and tracking weakness in rival soyoil.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 233 ringgit, or 4.96%, to 4,466 ringgit ($1,055.79) a tonne by the midday break.
Earlier in the session, it fell as much as 6.1% to its lowest since Sept. 29, extending losses to a third session and on track for its worst day since Aug. 2.
Malaysia's exports during Dec. 1-15 fell 9% from the same period in November to 725,600 tonnes, cargo surveyor Amspec Agri said.
Traders expect shipments to have dropped as much as 12.5% in the first half of this month. Two more cargo surveyors are scheduled to release their estimates later in the day.
"Bears are trying to gain ground as bulls plan a holiday after reaching highs and have probably already sold off their fair bit," said Sandeep Singh, director of Kuala Lumpur-based consultancy and trading firm The Farm Trade.
"We see a rush to exit spot month and not to roll position like earlier."
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 lost 3.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.8%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Rapeseed output in India is likely to rise as much as 29.4% this year as farmers plant more area with the winter-sown oilseed, which will help the world's biggest importer of vegetable oils to reduce expensive imports.
By: via Malaysian Palm Oil Council Russia
Reuters News
15-Dec-2021 01:36:47 PM
* Palm futures hits lowest since Sept. 29
* Dec 1-15 exports fall 9% m/m - Amspec Agri
KUALA LUMPUR, Dec 15 (Reuters) - Malaysian palm oil futures plunged as much as 6% on Wednesday to hit their lowest in two-and-a-half months, dragged down by cargo surveyor data showing lower exports for the first half of this month, and tracking weakness in rival soyoil.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 233 ringgit, or 4.96%, to 4,466 ringgit ($1,055.79) a tonne by the midday break.
Earlier in the session, it fell as much as 6.1% to its lowest since Sept. 29, extending losses to a third session and on track for its worst day since Aug. 2.
Malaysia's exports during Dec. 1-15 fell 9% from the same period in November to 725,600 tonnes, cargo surveyor Amspec Agri said.
Traders expect shipments to have dropped as much as 12.5% in the first half of this month. Two more cargo surveyors are scheduled to release their estimates later in the day.
"Bears are trying to gain ground as bulls plan a holiday after reaching highs and have probably already sold off their fair bit," said Sandeep Singh, director of Kuala Lumpur-based consultancy and trading firm The Farm Trade.
"We see a rush to exit spot month and not to roll position like earlier."
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 lost 3.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.8%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Rapeseed output in India is likely to rise as much as 29.4% this year as farmers plant more area with the winter-sown oilseed, which will help the world's biggest importer of vegetable oils to reduce expensive imports.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Reach and Remind Friends of the Industry Seminar 2022 and Dialogue
https://mpoc.org.my/reach-and-remind-friends-of-the-industry-seminar-2022-and-dialogue/
REACH & REMIND FRIENDS OF THE INDUSTRY SEMINAR 2022 AND DIALOGUE WITH YANG BERHORMAT DATUK HAJAH ZURAIDA KAMARUDDIN, MINISTER OF PLANTATION INDUSTRIES AND COMMODITIES, MALAYSIA. “MEETING MARKET CHALLENGES IN 2022” Background of Reach & Remind Friends of the Industry Seminar 2022 and Dialogue Reach & Remind, Friends of the Industry Seminar 2022 and Dialogue is […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/reach-and-remind-friends-of-the-industry-seminar-2022-and-dialogue/
REACH & REMIND FRIENDS OF THE INDUSTRY SEMINAR 2022 AND DIALOGUE WITH YANG BERHORMAT DATUK HAJAH ZURAIDA KAMARUDDIN, MINISTER OF PLANTATION INDUSTRIES AND COMMODITIES, MALAYSIA. “MEETING MARKET CHALLENGES IN 2022” Background of Reach & Remind Friends of the Industry Seminar 2022 and Dialogue Reach & Remind, Friends of the Industry Seminar 2022 and Dialogue is […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil hits near 2-week low on weak Dec export view
KUALA LUMPUR, Dec 15 (Reuters) - Malaysian palm oil futures hit a near two-week low on Wednesday, dragged by weakness in rival edible oils and expectations for a drop in exports during the first half of December.
Extending losses to a third day, the benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 106 ringgit, or 2.26%, to 4,593 ringgit ($1,084.53) a tonne during early trade.
It fell 0.72% during overnight trade.
FUNDAMENTALS
Traders are expecting export shipments during the first half of December to decline 5.7% from the month before. Cargo surveyors are scheduled to release their estimates later in the day.
Rapeseed output in India is likely to rise as much as 29.4% this year as farmers plant more area with the winter-sown oilseed, which will help the world's biggest importer of vegetable oils to reduce expensive imports.
Dalian's most-active soyoil contract DBYcv1 fell 1.2%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may fall to 4,555 ringgit per tonne, driven by a wave a, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets stood still on Wednesday as the world waited to hear from the U.S. Federal Reserve on when it would stop buying assets and start raising interest rates, possibly piling pressure on its peers to follow.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 15 (Reuters) - Malaysian palm oil futures hit a near two-week low on Wednesday, dragged by weakness in rival edible oils and expectations for a drop in exports during the first half of December.
Extending losses to a third day, the benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 106 ringgit, or 2.26%, to 4,593 ringgit ($1,084.53) a tonne during early trade.
It fell 0.72% during overnight trade.
FUNDAMENTALS
Traders are expecting export shipments during the first half of December to decline 5.7% from the month before. Cargo surveyors are scheduled to release their estimates later in the day.
Rapeseed output in India is likely to rise as much as 29.4% this year as farmers plant more area with the winter-sown oilseed, which will help the world's biggest importer of vegetable oils to reduce expensive imports.
Dalian's most-active soyoil contract DBYcv1 fell 1.2%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may fall to 4,555 ringgit per tonne, driven by a wave a, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets stood still on Wednesday as the world waited to hear from the U.S. Federal Reserve on when it would stop buying assets and start raising interest rates, possibly piling pressure on its peers to follow.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Как заявил глава Масложирового союза Михаил Мальцев, сбор масличных культур в этом году на 5,5% превысит рекорд 2019 года и составит 23,7 млн тонн. Ограничение экспорта культур приведет к максимальной загрузке отечественных перерабатывающих мощностей. https://www.interfax.ru/business/809326
By: via Malaysian Palm Oil Council Russia
Как заявил глава Масложирового союза Михаил Мальцев, сбор масличных культур в этом году на 5,5% превысит рекорд 2019 года и составит 23,7 млн тонн. Ограничение экспорта культур приведет к максимальной загрузке отечественных перерабатывающих мощностей. https://www.interfax.ru/business/809326
By: via Malaysian Palm Oil Council Russia
понедельник, 13 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
В начале 2022 года рынок подсолнечника может ждать серьезная корректировка или обвал. Об этом руководитель Масложирового союза Михаил Мальцев сказал в ходе конференции «Агроинвестора» «Агрохолдинги России — 2021». https://www.agroinvestor.ru/markets/news/37213-v-nachale-2022-goda-tseny-na-podsolnechnik-mogut-snizitsya/
By: via Malaysian Palm Oil Council Russia
В начале 2022 года рынок подсолнечника может ждать серьезная корректировка или обвал. Об этом руководитель Масложирового союза Михаил Мальцев сказал в ходе конференции «Агроинвестора» «Агрохолдинги России — 2021». https://www.agroinvestor.ru/markets/news/37213-v-nachale-2022-goda-tseny-na-podsolnechnik-mogut-snizitsya/
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
Урожайность сои - одной из основных сельскохозяйственных культур Амурской области - за семь лет увеличилась на 42%, кукурузы - на 67%. https://tass.ru/ekonomika/13178251
By: via Malaysian Palm Oil Council Russia
Урожайность сои - одной из основных сельскохозяйственных культур Амурской области - за семь лет увеличилась на 42%, кукурузы - на 67%. https://tass.ru/ekonomika/13178251
By: via Malaysian Palm Oil Council Russia
воскресенье, 12 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Palm Oil for Food Industries and its Potential in Turkey
https://mpoc.org.my/palm-oil-for-food-industries-and-its-potential-in-turkey/
1. Introduction Turkey has a population of 83.1 million, with a relatively young and growing population. Nearly 67% of the population is within the age bracket of 15 and 64 years oldmaking Turkey a young and dynamic country. 75.7% of the population is concentrated in urban areas, particularly in Istanbul, Ankara, and Izmir. Turkey’s economic […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-for-food-industries-and-its-potential-in-turkey/
1. Introduction Turkey has a population of 83.1 million, with a relatively young and growing population. Nearly 67% of the population is within the age bracket of 15 and 64 years oldmaking Turkey a young and dynamic country. 75.7% of the population is concentrated in urban areas, particularly in Istanbul, Ankara, and Izmir. Turkey’s economic […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm falls on November stocks, weaker rival oils
KUALA LUMPUR, Dec 13 (Reuters) - Malaysian palm oil futures slid on Monday, tracking losses in rival oils and as larger-than-expected November inventories weighed on market sentiment.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 46 ringgit, or 0.96%, to 4,754 ringgit ($1,130.29) in early trade, down for a third session in four.
FUNDAMENTALS
Exports of Malaysian palm oil products for Dec. 1-10 rose 0.2% to 572,689 tonnes from 571,450 tonnes shipped during Nov. 1-10, cargo surveyor Intertek Testing Services said on Friday.
Malaysia's palm oil end-stocks for November beat market surveys with a smaller-than-expected decline as the rise in exports came in lower than estimates, Malaysian Palm Oil Board data showed on Friday.
Dalian's most-active soyoil contract DBYcv1 slipped 1.3%, while its palm oil contract DCPcv1 lost 1.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.6%, after a 2.1% slump in the previous session.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,873 ringgit per tonne, a break above which could lead to a gain to 4,948 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks crept higher on Monday as investors prepared to tiptoe through a minefield of 17 central bank meetings this week and the likely early end to U.S. policy stimulus.
Oil prices rose, extending gains from last Friday, helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 13 (Reuters) - Malaysian palm oil futures slid on Monday, tracking losses in rival oils and as larger-than-expected November inventories weighed on market sentiment.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 46 ringgit, or 0.96%, to 4,754 ringgit ($1,130.29) in early trade, down for a third session in four.
FUNDAMENTALS
Exports of Malaysian palm oil products for Dec. 1-10 rose 0.2% to 572,689 tonnes from 571,450 tonnes shipped during Nov. 1-10, cargo surveyor Intertek Testing Services said on Friday.
Malaysia's palm oil end-stocks for November beat market surveys with a smaller-than-expected decline as the rise in exports came in lower than estimates, Malaysian Palm Oil Board data showed on Friday.
Dalian's most-active soyoil contract DBYcv1 slipped 1.3%, while its palm oil contract DCPcv1 lost 1.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.6%, after a 2.1% slump in the previous session.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,873 ringgit per tonne, a break above which could lead to a gain to 4,948 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks crept higher on Monday as investors prepared to tiptoe through a minefield of 17 central bank meetings this week and the likely early end to U.S. policy stimulus.
Oil prices rose, extending gains from last Friday, helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO stocks fall in Nov 2021 on lower production, higher exports
https://mpoc.org.my/cpo-stocks-fall-in-nov-2021-on-lower-production-higher-exports/
KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for November 2021 fell 4.45 per cent to 942,354 tonnes from 986,239 tonnes recorded in the previous month on lower production while exports were higher, the Malaysian Palm Oil Board (MPOB) said today. It said the world’s second-largest palm oil producer’s end-November processed palm oil inventory improved […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-stocks-fall-in-nov-2021-on-lower-production-higher-exports/
KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for November 2021 fell 4.45 per cent to 942,354 tonnes from 986,239 tonnes recorded in the previous month on lower production while exports were higher, the Malaysian Palm Oil Board (MPOB) said today. It said the world’s second-largest palm oil producer’s end-November processed palm oil inventory improved […]
By: via Malaysian Palm Oil Council Russia
четверг, 9 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*MPOB S&D Nov'21 vs Oct'21:*
Prodn 1.635m vs 1.726m (-5.27%)
Impt 97k vs 50k
Expt 1.468m vs 1.421m (+3.30%)
LDsp 282k vs 278k
Stks 1.817m vs 1.835m (-0.96%)
**
CIMB Poll:
Prodn 1.71m (-1.3%)
Impt 50k
Expt 1.59m (+11.9%)
LDsp 282k
Stks 1.72m (-6.2%)
Reuters Poll:
Prodn 1.74m (+1.0%)
Impt 60k
Expt 1.59m (+11.9%)
LDsp 313k
Stks 1.77m (-3.5%)
Bloomberg Poll:
Prodn 1.71m (-1.2%)
Impt 60k
Expt 1.56m (+10.0%)
LDsp 250k-310k
Stks 1.78m (-2.7%)
By: via Malaysian Palm Oil Council Russia
Prodn 1.635m vs 1.726m (-5.27%)
Impt 97k vs 50k
Expt 1.468m vs 1.421m (+3.30%)
LDsp 282k vs 278k
Stks 1.817m vs 1.835m (-0.96%)
**
CIMB Poll:
Prodn 1.71m (-1.3%)
Impt 50k
Expt 1.59m (+11.9%)
LDsp 282k
Stks 1.72m (-6.2%)
Reuters Poll:
Prodn 1.74m (+1.0%)
Impt 60k
Expt 1.59m (+11.9%)
LDsp 313k
Stks 1.77m (-3.5%)
Bloomberg Poll:
Prodn 1.71m (-1.2%)
Impt 60k
Expt 1.56m (+10.0%)
LDsp 250k-310k
Stks 1.78m (-2.7%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Производители решили бороться против дискриминации пальмового масла
https://rosng.ru/post/proizvoditeli-reshili-borotsya-protiv-diskriminacii-palmovogo-masla
By: via Malaysian Palm Oil Council Russia
https://rosng.ru/post/proizvoditeli-reshili-borotsya-protiv-diskriminacii-palmovogo-masla
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
СМИ: на стоимость пальмового масла будет влиять омикрон-штамм
Источник: https://milknews.ru/index/maslo/palmovoe-maslo-cena.html
Milknews - Новости молочного рынка
By: via Malaysian Palm Oil Council Russia
Источник: https://milknews.ru/index/maslo/palmovoe-maslo-cena.html
Milknews - Новости молочного рынка
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Малазийское пальмовое масло производится устойчиво и не нуждается в лесных заповедниках — министерство
https://www.oilworld.ru/analytics/worldmarket/325954
By: via Malaysian Palm Oil Council Russia
https://www.oilworld.ru/analytics/worldmarket/325954
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Сообщение об «опаснейшем яде» в пальмовом масле оказалось частично недостоверным
https://m.lenta.ru/news/2021/12/08/maslooo/
By: via Malaysian Palm Oil Council Russia
https://m.lenta.ru/news/2021/12/08/maslooo/
By: via Malaysian Palm Oil Council Russia
среда, 8 декабря 2021 г.
вторник, 7 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil tracks rival soyoil lower as U.S. moots biofuel mandate cuts
KUALA LUMPUR, Dec 8 (REUTERS) - Malaysian palm oil futures slipped on Wednesday, after two sessions of gains, as the market tracked losses in rival soyoil after the U.S raised a proposal to scale back biofuel blending mandates.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 40 ringgit, or 0.81%, to 4,889 ringgit ($1,159.77) a tonne during early trade.
It had gained 0.14% during overnight trade.
FUNDAMENTALS
The Biden administration on Tuesday proposed scaling back the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic.
Soyoil prices on the Chicago Board of Trade BOcv1 fell 1.9%. Dalian's most-active soyoil contract DBYcv1 eased 0.6%, while its palm oil contract DCPcv1 also slipped 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may rise more towards the peak of the wave b at 5,069 ringgit per tonne, as its uptrend from 4,032 ringgit may have resumed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended gains, continuing a global relief rally as markets found positive news in early reports about the potential impact of the Omicron variant, although overnight advances in oil prices began to peter out.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 8 (REUTERS) - Malaysian palm oil futures slipped on Wednesday, after two sessions of gains, as the market tracked losses in rival soyoil after the U.S raised a proposal to scale back biofuel blending mandates.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 40 ringgit, or 0.81%, to 4,889 ringgit ($1,159.77) a tonne during early trade.
It had gained 0.14% during overnight trade.
FUNDAMENTALS
The Biden administration on Tuesday proposed scaling back the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic.
Soyoil prices on the Chicago Board of Trade BOcv1 fell 1.9%. Dalian's most-active soyoil contract DBYcv1 eased 0.6%, while its palm oil contract DCPcv1 also slipped 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may rise more towards the peak of the wave b at 5,069 ringgit per tonne, as its uptrend from 4,032 ringgit may have resumed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended gains, continuing a global relief rally as markets found positive news in early reports about the potential impact of the Omicron variant, although overnight advances in oil prices began to peter out.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*Indonesia plans new palm plantation levy to protect environment - Reuters News*
07-Dec-2021 03:46:30 PM
JAKARTA, Dec 7 (Reuters) - Indonesia will bring in a new levy for palm plantations within the next two years, the proceeds of which will be used to protect public interests and the environment, its finance minister said on Tuesday.
The new levy will be collected by regional governments from local palm planters and is part of a new law aimed at increasing the fiscal capacity of provincial and city administrations, Sri Mulyani Indrawati told parliament after it passed the law.
There will be regulations detailing the implementation of the law, including about the new levy, and they must be issued within two years of the law's passage, Sri Mulyani said, without mentioning how much palm planters are expected to pay.
"The law provides an option to introduce a new levy to support regional fiscal capacity in order to provide quality services to the community ... in the context of public interest and environmental sustainability, such as a levy for the management of palm plantations," the minister said.
The law, which governs the relationship of Indonesia's central and local governments, will also give more space for regional administrations to raise some tax rates within the next few years, including land and building taxes.
Sri Mulyani said local governments should be able to increase revenues by about 50% after the new measures are applied.
The law will provide a legal basis for regional governments that have fiscal capacity to issue municipal bonds to fund development projects. No provinces or cities in Indonesia currently sells such bonds.
Because the legislation is aimed at standardising the quality of fiscal spending, the central government will review its transfer to local governments based on performance and results, Sri Mulyani said.
However, this was not meant to reverse the fiscal decentralisation policy adopted in the aftermath of the 1998 Asian financial crisis, she said.
By: via Malaysian Palm Oil Council Russia
07-Dec-2021 03:46:30 PM
JAKARTA, Dec 7 (Reuters) - Indonesia will bring in a new levy for palm plantations within the next two years, the proceeds of which will be used to protect public interests and the environment, its finance minister said on Tuesday.
The new levy will be collected by regional governments from local palm planters and is part of a new law aimed at increasing the fiscal capacity of provincial and city administrations, Sri Mulyani Indrawati told parliament after it passed the law.
There will be regulations detailing the implementation of the law, including about the new levy, and they must be issued within two years of the law's passage, Sri Mulyani said, without mentioning how much palm planters are expected to pay.
"The law provides an option to introduce a new levy to support regional fiscal capacity in order to provide quality services to the community ... in the context of public interest and environmental sustainability, such as a levy for the management of palm plantations," the minister said.
The law, which governs the relationship of Indonesia's central and local governments, will also give more space for regional administrations to raise some tax rates within the next few years, including land and building taxes.
Sri Mulyani said local governments should be able to increase revenues by about 50% after the new measures are applied.
The law will provide a legal basis for regional governments that have fiscal capacity to issue municipal bonds to fund development projects. No provinces or cities in Indonesia currently sells such bonds.
Because the legislation is aimed at standardising the quality of fiscal spending, the central government will review its transfer to local governments based on performance and results, Sri Mulyani said.
However, this was not meant to reverse the fiscal decentralisation policy adopted in the aftermath of the 1998 Asian financial crisis, she said.
By: via Malaysian Palm Oil Council Russia
понедельник, 6 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
*CIMB Poll Nov'21 vs Oct'21 MPOB:*
Prodn 1.704m vs 1.73m (-1.3%)
Impt 50k vs 50k
Expt 1.587m vs 1.42m (+11.9%)
LDsp 282k vs 281k
Stks 1.72m vs 1.83m (-6.2%)
Reuters Poll Nov'21 vs Oct'21 MPOB:
Prodn 1.74m vs 1.73m (+1.0%)
Impt 60k vs 50k
Expt 1.59m vs 1.42m (+11.9%)
LDsp 313k vs 281k
Stks 1.77m vs 1.83m (-3.5%)
Bloomberg Poll Nov'21 vs Oct'21 MPOB:
Prodn 1.71m vs 1.73m (-1.2%)
Impt 60k vs 50k
Expt 1.56m vs 1.42m (+10.0%)
LDsp 250k-310k vs 281k
Stks 1.78m vs 1.83m (-2.7%)
By: via Malaysian Palm Oil Council Russia
Prodn 1.704m vs 1.73m (-1.3%)
Impt 50k vs 50k
Expt 1.587m vs 1.42m (+11.9%)
LDsp 282k vs 281k
Stks 1.72m vs 1.83m (-6.2%)
Reuters Poll Nov'21 vs Oct'21 MPOB:
Prodn 1.74m vs 1.73m (+1.0%)
Impt 60k vs 50k
Expt 1.59m vs 1.42m (+11.9%)
LDsp 313k vs 281k
Stks 1.77m vs 1.83m (-3.5%)
Bloomberg Poll Nov'21 vs Oct'21 MPOB:
Prodn 1.71m vs 1.73m (-1.2%)
Impt 60k vs 50k
Expt 1.56m vs 1.42m (+10.0%)
LDsp 250k-310k vs 281k
Stks 1.78m vs 1.83m (-2.7%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil climbs to one-week peak on tight supply hopes
KUALA LUMPUR, Dec 7 (Reuters) - Malaysian palm oil futures rose on Tuesday, hitting a one-week high on expectations of a decline in November stockpile and production.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 69 ringgit, or 1.43%, to 4,814 ringgit ($1,137.79) a tonne during early trade, its highest since Nov. 29.
It had gained 0.6% during its first night trading session on Monday.
FUNDAMENTALS
Malaysia's palm oil inventories at end-November likely slipped 3.5% from the previous month to a four-month low of 1.77 million tonnes, a Reuters survey showed on Monday.
The Malaysian Palm Oil Association estimated production in November declined 4.74% from the month before to 1.65 million tonnes, traders said on Monday.
Investors are awaiting official data from the Malaysian Palm Oil Board due Friday.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 rose 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may break a resistance at 4,812 ringgit per tonne and rise into a range of 4,873-4,948 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks edged higher on receding worries about the impact of the Omicron variant while Chinese markets gained after the central bank there eased monetary policy.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 7 (Reuters) - Malaysian palm oil futures rose on Tuesday, hitting a one-week high on expectations of a decline in November stockpile and production.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 69 ringgit, or 1.43%, to 4,814 ringgit ($1,137.79) a tonne during early trade, its highest since Nov. 29.
It had gained 0.6% during its first night trading session on Monday.
FUNDAMENTALS
Malaysia's palm oil inventories at end-November likely slipped 3.5% from the previous month to a four-month low of 1.77 million tonnes, a Reuters survey showed on Monday.
The Malaysian Palm Oil Association estimated production in November declined 4.74% from the month before to 1.65 million tonnes, traders said on Monday.
Investors are awaiting official data from the Malaysian Palm Oil Board due Friday.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 rose 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may break a resistance at 4,812 ringgit per tonne and rise into a range of 4,873-4,948 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks edged higher on receding worries about the impact of the Omicron variant while Chinese markets gained after the central bank there eased monetary policy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
The Growing Demand in Oleochemicals in the US Beauty & Personal Care Market
https://mpoc.org.my/the-growing-demand-in-oleochemicals-in-the-us-beauty-personal-care-market/
The United States (US) is one of the most lucrative beauty and personal care market in the world, along with the EU, UK, and Russian markets. This sector is expected to grow annually by 4.06% based on 2021-2025 CAGR. The Beauty & Personal Care market is defined as consumer goods for cosmetics and body care […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/the-growing-demand-in-oleochemicals-in-the-us-beauty-personal-care-market/
The United States (US) is one of the most lucrative beauty and personal care market in the world, along with the EU, UK, and Russian markets. This sector is expected to grow annually by 4.06% based on 2021-2025 CAGR. The Beauty & Personal Care market is defined as consumer goods for cosmetics and body care […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 5 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises 3% on lower production, November stocks forecasts
KUALA LUMPUR, Dec 6 (Reuters) - Malaysian palm oil futures jumped 3% on Monday as industry surveys ahead of official data pegged a decline in November stockpile, and after top analysts forecast production to remain weak in the coming months.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 142 ringgit, or 3.05%, to 4,792 ringgit a tonne in early trade, heading for its biggest daily gain since Oct. 13.
FUNDAMENTALS
Malaysia's palm oil stockpile in November likely fell 6.2% from the month before to 1.72 million tonnes due to a surge in exports while production declined slightly, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
The Malaysian Palm Oil Board is scheduled to release November supply and demand data on Friday.
Palm oil production will likely remain soft until at least the first half of 2022, which would continue to provide cushion for prices in the coming months, despite caution of reaching peaks, top industry analysts said on Thursday.
Dalian's most-active soyoil contract DBYcv1 rose 3.2%, while its palm oil contract DCPcv1 gained 3.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is expected to bounce in 4,751-4,812 ringgit range, as it has completed a fall from 5,069 ringgit around a key support at 4,555 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets lagged a bounce in U.S. and European futures on Monday, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 6 (Reuters) - Malaysian palm oil futures jumped 3% on Monday as industry surveys ahead of official data pegged a decline in November stockpile, and after top analysts forecast production to remain weak in the coming months.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 142 ringgit, or 3.05%, to 4,792 ringgit a tonne in early trade, heading for its biggest daily gain since Oct. 13.
FUNDAMENTALS
Malaysia's palm oil stockpile in November likely fell 6.2% from the month before to 1.72 million tonnes due to a surge in exports while production declined slightly, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
The Malaysian Palm Oil Board is scheduled to release November supply and demand data on Friday.
Palm oil production will likely remain soft until at least the first half of 2022, which would continue to provide cushion for prices in the coming months, despite caution of reaching peaks, top industry analysts said on Thursday.
Dalian's most-active soyoil contract DBYcv1 rose 3.2%, while its palm oil contract DCPcv1 gained 3.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is expected to bounce in 4,751-4,812 ringgit range, as it has completed a fall from 5,069 ringgit around a key support at 4,555 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets lagged a bounce in U.S. and European futures on Monday, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
By: via Malaysian Palm Oil Council Russia
пятница, 3 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Russia's export tax for sunflower oil to rise to $280.8/T in January
MOSCOW, Dec 3 (Reuters) - Russia has set its export tax for sunflower oil at $280.8 per tonne for January, up from $276.7 per tonne in December, the agriculture ministry said on Friday.
The government decided to launch a formula-based tax from Sept. 1 for one year as part of measures it hopes will help to stabilise domestic food price inflation.
The January tax is based on an indicative price of $1,401.2 per tonne, the ministry said.
By: via Malaysian Palm Oil Council Russia
MOSCOW, Dec 3 (Reuters) - Russia has set its export tax for sunflower oil at $280.8 per tonne for January, up from $276.7 per tonne in December, the agriculture ministry said on Friday.
The government decided to launch a formula-based tax from Sept. 1 for one year as part of measures it hopes will help to stabilise domestic food price inflation.
The January tax is based on an indicative price of $1,401.2 per tonne, the ministry said.
By: via Malaysian Palm Oil Council Russia
четверг, 2 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
Common Birds in Oil Palm Plantations in Malaysia Part 2
https://mpoc.org.my/common-birds-in-oil-palm-plantations-in-malaysia-part-2/
Common Birds in Oil Palm Plantations in Malaysia Part 2
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/common-birds-in-oil-palm-plantations-in-malaysia-part-2/
Common Birds in Oil Palm Plantations in Malaysia Part 2
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Industrial Trans-Fats
https://mpoc.org.my/industrial-trans-fats/
Partial hydrogenation is a process that increases the melting point and solids content of liquid oil.
The post Industrial Trans-Fats (https://mpoc.org.my/industrial-trans-fats/) appeared first on MPOC (https://mpoc.org.my/).
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/industrial-trans-fats/
Partial hydrogenation is a process that increases the melting point and solids content of liquid oil.
The post Industrial Trans-Fats (https://mpoc.org.my/industrial-trans-fats/) appeared first on MPOC (https://mpoc.org.my/).
By: via Malaysian Palm Oil Council Russia
среда, 1 декабря 2021 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops more than 2% as Omicron variant worries weigh
KUALA LUMPUR, Dec 2 (Reuters) - Malaysian palm oil futures fell more than 2% on Thursday to hit their lowest in nearly two months, as concerns about the Omicron coronavirus variant and its impact overshadowed an industry forecast of lower November output.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 99 ringgit, or 2.11%, to 4,585 ringgit ($1,085.72) a tonne in early trade, hitting its lowest since Oct. 4.
FUNDAMENTALS
Heavily mutated Omicron is rapidly becoming the dominant variant of the coronavirus in South Africa less than four weeks after it was first detected there, and the United States on Wednesday became the latest country to identify an Omicron case within its borders.
The Southern Peninsula Palm Oil Millers' Association (SPPOMA) estimated November production fell 6.8% from the month before, traders said on Wednesday.
Top producer Indonesia will need to increase the bio-content of its palm oil-based biodiesel to 40% by 2024 or risk missing its renewable energy targets, a senior official said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 eased 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may resume its drop towards 4,555 ringgit per tonne, as its consolidation around a support at 4,676 ringgit may have completed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher in choppy trading, helped by advances in Chinese real estate shares, though fears about the Omicron variant capped gains regionally.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Dec 2 (Reuters) - Malaysian palm oil futures fell more than 2% on Thursday to hit their lowest in nearly two months, as concerns about the Omicron coronavirus variant and its impact overshadowed an industry forecast of lower November output.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 99 ringgit, or 2.11%, to 4,585 ringgit ($1,085.72) a tonne in early trade, hitting its lowest since Oct. 4.
FUNDAMENTALS
Heavily mutated Omicron is rapidly becoming the dominant variant of the coronavirus in South Africa less than four weeks after it was first detected there, and the United States on Wednesday became the latest country to identify an Omicron case within its borders.
The Southern Peninsula Palm Oil Millers' Association (SPPOMA) estimated November production fell 6.8% from the month before, traders said on Wednesday.
Top producer Indonesia will need to increase the bio-content of its palm oil-based biodiesel to 40% by 2024 or risk missing its renewable energy targets, a senior official said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 eased 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may resume its drop towards 4,555 ringgit per tonne, as its consolidation around a support at 4,676 ringgit may have completed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher in choppy trading, helped by advances in Chinese real estate shares, though fears about the Omicron variant capped gains regionally.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat extends gains to second day, Omicron and supply outlook cap gains
CANBERRA, Dec 2 (Reuters) - U.S. wheat futures edged higher for a second consecutive session on Thursday, although concerns about the Omicron coronavirus variant and expectations of ample global supplies capped gains.
FUNDAMENTALS
The most-active wheat futures on the Chicago Board Of Trade Wv1 were up 0.2% at $7.92 a bushel by 0238 GMT, after closing up 0.4% on Wednesday.
The most-active soybean futures Sv1 were down 0.3% at $12.24-3/4 a bushel, after ending 0.9% higher on Wednesday.
The most-active corn futures Cv1 were down 0.3% at $5.70-1/2 a bushel, having closed up 0.7% in the previous session.
Wheat markets have soared in recent weeks as the possibility of more Russian export restrictions and the risk of rain damage to Australia's crop fanned fears of tight milling wheat supplies.
However, global supply worries have eased in recent days on signs of a stabilizing U.S. crop, and Australia's chief commodity forecaster, ABARES, revising its official estimate for the 2021/22 crop to a record 34.4 million tonnes.
MARKET NEWS
The safe-haven yen hovered near a seven-week high on Thursday while the rand and riskier currencies languished as the Omicron coronavirus variant established itself as the dominant strain in South Africa and continued to spread globally.
Oil prices rose on Thursday, reversing the previous day's losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand.
Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.
By: via Malaysian Palm Oil Council Russia
CANBERRA, Dec 2 (Reuters) - U.S. wheat futures edged higher for a second consecutive session on Thursday, although concerns about the Omicron coronavirus variant and expectations of ample global supplies capped gains.
FUNDAMENTALS
The most-active wheat futures on the Chicago Board Of Trade Wv1 were up 0.2% at $7.92 a bushel by 0238 GMT, after closing up 0.4% on Wednesday.
The most-active soybean futures Sv1 were down 0.3% at $12.24-3/4 a bushel, after ending 0.9% higher on Wednesday.
The most-active corn futures Cv1 were down 0.3% at $5.70-1/2 a bushel, having closed up 0.7% in the previous session.
Wheat markets have soared in recent weeks as the possibility of more Russian export restrictions and the risk of rain damage to Australia's crop fanned fears of tight milling wheat supplies.
However, global supply worries have eased in recent days on signs of a stabilizing U.S. crop, and Australia's chief commodity forecaster, ABARES, revising its official estimate for the 2021/22 crop to a record 34.4 million tonnes.
MARKET NEWS
The safe-haven yen hovered near a seven-week high on Thursday while the rand and riskier currencies languished as the Omicron coronavirus variant established itself as the dominant strain in South Africa and continued to spread globally.
Oil prices rose on Thursday, reversing the previous day's losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand.
Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.
By: via Malaysian Palm Oil Council Russia
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