Malaysian Palm Oil Council Russia's Post

Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply - Reuters News
01-Mar-2022 03:41:15 PM
By Rajendra Jadhav

> Buyers struggle to replace sunoil quickly
> Huge demand lifts palm oil prices to a record high
> Soyoil supply limited as drought hits South America
> Palm's premium could fade as buyers shift to soyoil

MUMBAI, March 1 (Reuters) - Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia's invasion of Ukraine.

Palm oil's FCPOc3 record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from spiralling fuel and food costs, and force them to curtail consumption and shift to rival soyoil BOc1, dealers said.

Crude palm oil (CPO) is being offered at about $1,925 a tonne, including cost, insurance and freight (CIF), in India for March shipments, compared with $1,865 for crude soybean oil.

Crude rapeseed oil was offered at around $1,900, while traders were not offering crude sunflower oil as ports are closed due to the Ukraine crisis.


The Black Sea accounts for 60% of world sunflower oil output and 76% of exports. Ports in Ukraine will remain closed until the invasion ends.

"Asian and European refiners have raised palm oil purchases for near-month shipments to replace sunoil. This buying has lifted palm oil to irrational price level," said a Mumbai-based dealer with a global trading firm.

"They have the option of buying soyoil as well. But prompt soyoil shipments are limited and they take much longer to land in Asia compared to palm oil," he said.

Soybean production in Argentina, Brazil and Paraguay is expected to fall because of dry weather.

Price-sensitive Asian buyers traditionally relied on palm oil because of low costs and quick shipping times, but now they are paying more than $50 per tonne premium over soyoil and sunoil, said a Kuala Lumpur-based edible oil dealer.

Palm oil's price premium is temporary, however, and could fade in the next few weeks as buyers shift to soyoil for April shipments, the dealer said.

Most of the incremental demand for palm oil is fulfilled by Malaysia, as Indonesia has put restriction on the exports, said an Indian refiner.

"Malaysian stocks are depleting fast because of the surge in demand. It is the biggest beneficiary of the current geopolitical situation," he said.

Palm oil vaults to historic premium over soyoil in India, sparking shifts in buying patterns https://tmsnrt.rs/35ceWXD
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Malaysian Palm Oil Council Russia's Post

*SPPOMA: 1-28th Feb 22*
Yield: +4.96%
OER: -0.29%
*Prod: +3.40%*

SPPOMA: 1-25th Feb 22
Yield: +14.74%
OER: -0.20%
Prod: +13.69%

SPPOMA 1-20th Feb22
Yield: +11.75%
OER: -0.13%
Prod: +11.07%

SPPOMA: 1-15th Feb 22
Yield : +0.78%
OER : -0.06%
Prod : +0.46%

SPPOMA 1-10th Feb22
Yield : -0.83%
OER : +0.02%
Prod : -0.67%

SPPOMA: 1-5th Feb 22
Yield : -36.69%
OER : +0.73%
Prod : -32.85%
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Malaysian Palm Oil Council Russia's Post

Malaysian palm oil market challenges and performance in the U.S. in 2020/21
https://mpoc.org.my/malaysian-palm-oil-market-challenges-and-performance-in-the-u-s-in-2020-21/

United States palm oil imports is showing a tapering down of volumes over the past three years. Data published by the research group Index Mundi below shows that palm oil consumption is gradually decreasing, after a robust growth period between 2014 to 2017. Malaysia’s palm oil exports to the United States also took a dip […]
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Масложировой союз (Twitter)

Причерноморский регион может войти в новый сезон с рекордными остатками подсолнечника. Поступают сообщения о приостановке заводов по переработке масличных на неопределенный срок, импортеры останавливают закупки украинского и российского масла. https://www.apk-inform.com/ru/news/1525341
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Palm oil to get support from conflict-induced supply disruptions
https://mpoc.org.my/palm-oil-to-get-support-from-conflict-induced-supply-disruptions/

THE Ukraine-Russia conflict is set to help keep crude palm oil (CPO) prices at historic highs for a longer period as the edible oil market faces a sharper squeeze while the price trends attract more directional trading interest.  The benchmark CPO futures (FCPO) contract hit a historic high of RM6,465 a tonne last week on […]
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Масложировой союз (Twitter)

Минсельхоз выступает против отмены экспортных пошлин на зерно. Замминистра напоминает, что ввести пошлины было решено для защиты внутреннего рынка от роста мировых цен на зерно. Эта мера сработала. https://rg.ru/2022/02/24/minselhoz-vystupaet-protiv-otmeny-eksportnyh-poshlin-na-zerno.html
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Serbia: Palm Oil Market Potential and Outlook 2022
https://mpoc.org.my/serbia-palm-oil-market-potential-and-outlook-2022/

Introduction Serbia is considered a relatively small oils and fats market, with 8.74 million people in 2020 and consuming 20.6 kg per capita of oils and fats, which is around 10 kg below the world average. But what is interesting to share in this article is how competitive palm oil compares to other oils in […]
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Zuraida: Malaysia to raise palm oil output this year after hiring more foreign workers
https://mpoc.org.my/zuraida-malaysia-to-raise-palm-oil-output-this-year-after-hiring-more-foreign-workers/

NEW DELHI (Feb 22): Malaysia will increase its palm oil production this year following a 5% decline last year due to a Covid-19 pandemic-induced labour shortage with the intake of more foreign workers. Thousands of new plantation workers will be being hired from Bangladesh, India and Indonesia to make up for the shortfall as demand for […]
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Масложировой союз (Twitter)

Правительство изменило условия льготного кредитования в АПК. Согласно постановлению ставка по кредитам, выданным с 15 февраля 2022 года, будет субсидироваться в размере 70% ключевой ставки ЦБ.https://www.agroinvestor.ru/analytics/news/37571-pravitelstvo-izmenilo-usloviya-lgotnogo-kreditovaniya-v-apk/
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Malaysian Palm Oil Council Russia's Post

*MPOA 1-20th Feb Prodn est:*
Pen Msia : +4.62%
Sabah : -10.65%
Sarawak : -13.34%
East Msia : -11.33%
*Malaysia : -1.79%*
-------------------------

SPPOMA 1-20th Feb22
Yield: +11.75%
OER: -0.13%
Prod: +11.07%
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MMD Apps
https://mpoc.org.my/mmd-apps/
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Plantation to get support from high CPO price
MPOC (RSS)

Analysts believe plantation sector counters could see an extended price rally supported by strong quarterly earnings 

MALAYSIAN plantation companies will continue to benefit from the bullish commodities supercycle for another two quarters at least which should help sustain investors’ interest in the sector counters in the short term despite yesterday’s selling. 

The benchmark FTSE Bursa Malaysia KLCI fell 20 points or 1.27% yesterday to 1,582 points while the Plantation Index fell 4.12% or 334.4 points while the Technology Index fell 3.7% on profit-taking by investors. 

Despite the fall yesterday, analysts, on the whole, believe plantation sector counters could see an extended price rally supported by strong quarterly earnings as the sector benefits from bullish edible oil market fundamentals. 

Malacca Securities Sdn Bhd head of research Loui Low said the strong crude palm oil (CPO) prices have boosted the earnings of plantation counters and attracted investor interest. 

“We believe the plantation sector is set to continue its recent rally for at least up to one or two quarters going forward,” he told The Malaysian Reserve. 

While the environmental, social and governance (ESG) concerns persist among investors, Low said the strong earnings performances right now outweigh other concerns in the minds of most investors. 

He expects 2022 will be a bumper earnings year for plantation companies and the relatively low valuation of the sector makes it attractive enough to narrow the discount ESG concerns had put on share prices earlier. 

“For funds that are not carrying the ESG kind of mandate, they will be able to invest in plantation counters as CPO price is set to trade around the RM5,500 per tonne level for now,” he added. 

For the past one month alone, Sime Darby Plantation Bhd’s share price rose 14.50%, while Kuala Lumpur Kepong Bhd (KLK) climbed 17.21%. 

Sime Darby Plantation’s net profit more than tripled to RM468 million in the fourth quarter ended Dec 31, 2021 (4Q21), underpinned by both its upstream and downstream segments. 

Quarterly revenue jumped 52.51% to RM5.55 billion from RM3.64 billion previously. 

This resulted in higher earnings per share of 6.8 sen for Sime Darby Plantation in 4Q21 from 2.2 sen in 4Q20, the group’s Bursa Malaysia filing showed. 

KLK’s net profit surged 67.69% to RM599.32 million in its recent quarter (1Q22), from RM357.41 million a year earlier, driven by sharply higher palm oil prices. 

KLK’s quarterly revenue surged 58.82% to RM6.83 billion from RM4.3 billion in 1Q21 and earnings per share expanded to 55.6 sen from 33.1 sen, according to its Bursa Malaysia filing. 

FGV Holdings Bhd share price has jumped 22.37% and IOI Corp Bhd gained 12.47% in a month. 

Affin Hwang Investment Bank Bhd analyst Nadia Aquidah noted local institutional investors and foreign funds could have returned to Malaysia’s plantation stocks which would be good for the industry as it can provide some liquidity. 

“We think there could potentially be pockets of opportunities in the short term during this high CPO price environment,” she noted in a report yesterday. 

She added that most plantation stocks share prices had moved higher year-to-date and there could still be opportunities as more companies release their financial results this month. 

Nadia expects CPO prices could remain elevated until the first half of 2022 and then soften as production of global vegetable oils picks up. 

She stated CPO price had risen to a new high of between RM5,900 and RM6,000 per tonne last week due to the lingering tight supply, as well as an increase in related edible oils and crude oil prices. 

“India’s move to cut tax on CPO imports coupled with the Indonesian government’s recent announcement to regulate palm oil expo...

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Malaysian Palm Oil Council Russia's Post

Plantation to get support from high CPO price
https://mpoc.org.my/plantation-to-get-support-from-high-cpo-price/

MALAYSIAN plantation companies will continue to benefit from the bullish commodities supercycle for another two quarters at least which should help sustain investors’ interest in the sector counters in the short term despite yesterday’s selling.  The benchmark FTSE Bursa Malaysia KLCI fell 20 points or 1.27% yesterday to 1,582 points while the Plantation Index fell 4.12% or 334.4 […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

CPO price to soften as vegetable oils pick up?
https://mpoc.org.my/cpo-price-to-soften-as-vegetable-oils-pick-up/

KUALA LUMPUR: Crude palm oil (CPO) prices could remain elevated until the first half (1H) of 2022 but may soften as production of global vegetable oils picks up, said Affin Hwang Capital. Affin Hwang analyst Nadia Aquidah said CPO prices had risen to a new high of between RM5,900 and RM6,000 per tonne last week […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*SPPOMA 1-20th Feb22*
Yield: +11.75%
OER: -0.13%
*Prod: +11.07%*

SPPOMA: 1-15th Feb 22
Yield : +0.78%
OER : -0.06%
Prod : +0.46%

SPPOMA 1-10th Feb22
Yield : -0.83%
OER : +0.02%
Prod : -0.67%

SPPOMA: 1-5th Feb 22
Yield : -36.69%
OER : +0.73%
Prod : -32.85%
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysia palm oil export 1-20 Feb'22 vs. 1-20 Jan'22 (in mt)

*Amspec: 818,293 vs. 633,531 (+184,762 or up 29.16%)*

ITS: 825,193 vs. 660,866 (+164,327 or up 24.87%)
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Malaysian Palm Oil Council Russia's Post

Malaysia CPO tops RM6,000 a tonne at record high in industry super cycle  | The Edge Markets
https://www.theedgemarkets.com/article/malaysia-palm-oil-futures-rise-past-rm6000-tonne-alltime-high
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Malaysia CPO futures ask price tops RM6,000 a tonne for first time
https://mpoc.org.my/malaysia-cpo-futures-ask-price-tops-rm6000-a-tonne-for-first-time/

KUALA LUMPUR (Feb 17): Malaysian crude palm oil (CPO) futures ask price topped RM6,000 a tonne for the first time on Thursday (Feb 17) at RM6,050, as the commodity’s price closed at its record high. At 6.30pm, March 2022 CPO price closed up RM140 at its record high at RM5,970 a tonne, after the commodity […]
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Масложировой союз (Twitter)

За первый месяц 2022 года, по данным ФТС России экспорт масличных культур снизился на 84% по сравнению с аналогичным месяцем прошлого года и составил 118 тыс. тонн. По сравнению с декабрем объемы вывоза семян в январе снизились на 48%. https://oleoscope.com/analytics/jeksport-otechestvennogo-podsolnechnika-v-janvare-uvelichilsja-v-3-5-raza-otgruzki-masla-snizilis-na-62/
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Масложировой союз (Twitter)

Главная задача сельского хозяйства Амурской области — не вырастить сою и продать ее за рубеж, а обеспечить надежную продовольственную безопасность региона и привлечь в отрасль квалифицированные кадры. Об этом заявил губернатор Василий Орлов https://ampravda.ru/2022/02/16/0110608.html
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CPO price to stay high till June, says HLIB
https://mpoc.org.my/cpo-price-to-stay-high-till-june-says-hlib/

KUALA LUMPUR: Crude palm oil (CPO) price will likely remain at elevated levels until the first half (1H) of this year, according to Hong Leong Investment Bank Bhd (HLIB). This will be supported by weaker production outlook for corn and soybean in South America and Indonesian government’s recent move to expand its export permit requirement […]
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Malaysian Palm Oil Council Russia's Post

CPO futures close mostly lower on profit-taking
https://mpoc.org.my/cpo-futures-close-mostly-lower-on-profit-taking/

PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension. “Palm oil […]
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Malaysian Palm Oil Council Russia's Post

По результатам 2021 года Россия обновила рекорд по импорту пальмового масла - 1,097,898 тонн - данные ФТС
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Malaysian Palm Oil Council Russia's Post

South America: Palm Oil Market Prospect beyond the Global Turbulences
https://mpoc.org.my/south-america-palm-oil-market-prospect-beyond-the-global-turbulences/

South America’s economy is losing momentum in the aftermath of the pandemic, even as businesses reopen and majority of the population is vaccinated. Lockdowns imposed at the start of the pandemic to curb the spread of the virus has resulted in lower consumption of goods and services, as household income and employment fell. High inflation, […]
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Malaysian Palm Oil Council Russia's Post

GFP-SPO to be common language across palm oil certification schemes — CPOPC
https://mpoc.org.my/gfp-spo-to-be-common-language-across-palm-oil-certification-schemes-cpopc/

KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations Sustainable Development Goals (UN SDGs) as its base. The council said the framework […]
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По всем вопросам:
+7 (812) 245-67-70
info@sfm.events
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Monthly Palm Oil Trade Statistics : January 2022
https://mpoc.org.my/monthly-palm-oil-trade-statistics-2022/

Exports of All Palm Products Malaysia’s Exports & Imports Exports to Major Countries Production & Stocks Monthly Average Prices Malaysian Palm Oil Exports By Destination Exports of All Palm Products PRODUCT UNIT JAN 2022 JAN 2021 CHANGE (MT/RM Mil) CHANGE (%) CPO Tonnes 200,274 192,935 7,339 3.80 RM Mil 1,036.92 719.8 317 44.06 PPO Tonnes […]
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Malaysian Palm Oil Council Russia's Post

*Malaysia 1-15 Feb vs. 1-15 Jan 2022 palm oil export (in mt)*
ITS: 506,183 vs. 426,111 (+80,072 or up 18.79%)
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Malaysian Palm Oil Council Russia's Post

CPO futures hit fresh all-time high of RM5,667
https://mpoc.org.my/cpo-futures-hit-fresh-all-time-high-of-rm5667/

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged following news of the CPO import duty cut by India to 5 percent from 7.5 percent. […]
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Malaysian Palm Oil Council Russia's Post

India cuts tax on CPO imports to help consumers, refiners
https://mpoc.org.my/india-cuts-tax-on-cpo-imports-to-help-consumers-refiners/

MUMBAI (Feb 14): India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
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Malaysian Palm Oil Council Russia's Post

Приглашаем всех принять участие в работе круглого стола по биотопливу
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Масложировой союз (Twitter)

ИКАР: посевы масличных могут обновить рекорд. Посевы масличных под урожай 2022 года могут вырасти до 16,7 млн га с 16,48 млн га годом ранее. При этом площади под подсолнечником могут снизиться. https://www.agroinvestor.ru/analytics/news/37531-ikar-posevy-maslichnykh-mogut-obnovit-rekord/
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India cuts tax on crude palm oil imports to help consumers, refiners - Reuters News

14-Feb-2022 02:21:37 AM
By Rajendra Jadhav

• Agriculture cess on CPO imports slashed to 5% from 7.5%
• Cut widens duty gap between CPO and refined palm oil
• India's CPO imports could rise, refined could go down

MUMBAI, Feb 13 (Reuters) - India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers.

The reduction in the tax, known as the Agriculture Infrastructure and Development Cess (AIDC), will widen the gap between the CPO and refined palm oil import duties, effectively making it cheaper for Indian refiners to import CPO, industry officials told Reuters.

The tax cut came into effect on Sunday.

"After the reduction in AIDC, the import tax difference between CPO and refined palm oil would widen to 8.25%," said B.V. Mehta, executive director of Mumbai-based Solvent Extractors' Association of India (SEA).

"This will help Indian refiners, but government needs to increase the difference further to 11% to encourage local refining."

In a separate notification, the government also said it would extend a reduction in a separate, basic customs duty on edible oils until Sept. 30. The tax reduction had been due to expire on March 31.

India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months.

The country imports palm oil mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.

Refined palm oil imports accounted for nearly half of India's total palm oil imports in the past few months, said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm.

"The share of refined palm oil could come down to 20% with the revision in the tax structure," Bajoria said.

Indian refiners have been asking New Delhi to change the import duty structure as the overseas buying of refined palm oil was cheaper than CPO due to higher taxes imposed by producing countries on exports of CPO.

Mindful of an electorate that is highly sensitive to food price inflation, India's government in the past few months tried to rein in domestic prices by reducing import taxes, imposing stockpile limits and suspending futures trading in edible oils and oilseeds.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*SPPOMA 1-10th Feb22*
Yield -0.83%
OER +0.02%
Production -0.67%

SPPOMA: 1-5th Feb 22
Overall Summary :
Yield : -36.69%
OER : +0.73%
Prod : -32.85%
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Malaysian Palm Oil Council Russia's Post

MPOC Launches Campaign Promoting Palm Oil Goodness in Dubai | BusinessToday
https://www.businesstoday.com.my/2022/02/09/mpoc-launches-campaign-promoting-palm-oil-goodness-in-dubai/
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Malaysian Palm Oil Council Russia's Post

Palm Oil Export Revenue From Middle East To have Positive Short Term Outlook: MPIC
https://mpoc.org.my/palm-oil-export-revenue-from-middle-east-to-have-positive-short-term-outlook-mpic/

The Ministry of Plantation Industries and Corporations reckons that the exports revenue coming from the Middle Eastern region is expected to have a positive short-term outlook following the number of events happening in the region. Deputy Minister Wille Anak Mongin, said the ongoing World Expo 2020 Dubai, FIFA 2022 in Qatar and the full resumption […]
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Malaysian Palm Oil Council Russia's Post

MPOC: Malaysian sustainable palm oil-based products to be available in Dubai
https://mpoc.org.my/mpoc-malaysian-sustainable-palm-oil-based-products-to-be-available-in-dubai/

DUBAI (Feb 9): Malaysian palm oil-based products namely food products, cosmetics and pharmaceuticals will be made available at LuLu Hypermarkets in Dubai, following a collaboration sealed between the Malaysia Palm Oil Council (MPOC) and Lulu International Group. The MPOC and the Indian multinational conglomerate, which operates 224 retail stores in 22 countries worldwide, has signed a […]
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Malaysian Palm Oil Council Russia's Post

MPOC Launches Campaign Promoting Palm Oil Goodness in Dubai
https://mpoc.org.my/mpoc-launches-campaign-promoting-palm-oil-goodness-in-dubai/

DUBAI: The Malaysian Palm Oil Council (MPOC) and Lulu International Group have entered into a partnership to promote Malaysian palm oil-based products at Lulu Hypermarkets in Dubai. A memorandum of understanding (MoU) between MPOC and Lulu International group was signed during the opening of the Sustainable Agricommodities (Food Agricommodities) Week at the Malaysia Pavilion in […]
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Malaysian Palm Oil Council Russia's Post

Dorab Mistry shares his views on rising palm

https://youtu.be/75Gj6nuHrMk
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Malaysian Palm Oil Council Russia's Post

Malaysia palm oil export 1-10 Feb'22 vs. 1-10 Jan'22 (in mt)

*AmSpec: 320,508 vs 318,928 (+1,508 or up 0.50%)*

ITS: 318,078 vs 334,750 (-16,672 or down 4.98%)
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Malaysian Palm Oil Council Russia's Post

*Jan Prodn est:*
MPOB:
Pen Msia 640k (-12.4%)
Sabah 341k (-9.8%)
Sarawak 273k (-20.0%)
Total 1.253m (-13.54%)

MPOA:
Pen Msia : -17.10%
East Msia : -12.07%
Sabah : -10.31%
Sarawak : -17.29%
Malaysia : -15.08% (est 1.23m mt)

SPPOMA:
Yield : -9.72%
OER : -0.59%
Prod : -12.4%

*Jan Export est:*
MPOB : 1,157,976mt (-18.67%)
SGS : 1,140,790mt (-27.08%)
AmSpec : 1,105,407mt (-25.91%)
ITS : 1,176,416mt (-25.60%)
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*MPOB S&D Jan'22 vs Dec'21:*
Prodn 1.253m vs 1.450m (-13.54%)
Impt 71k vs 103k
Expt 1.158m vs 1.424m (-18.67%)
LDsp 228k vs 331k
Stks 1.552m vs 1.615m (-3.85%)

**

CIMB Poll:
Prodn 1.25m (-14%)
Impt 120k
Expt 1.04m (-27%)
LDsp 350k
Stks 1.56m (-1%)

Reuters Poll:
Prodn 1.30m (-10%)
Impt 100k
Expt 1.12m (-21%)
LDsp 282k
Stks 1.59m (+0.3%)

Bloomberg Poll:
Prodn 1.30m (-10%)
Impt 100k
Expt 1.11m (-20%)
LDsp 250k-310k
Stks 1.58m (unch)
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Malaysian Palm Oil Council Russia's Post

Malaysia - 10 Feb vs 10 Jan palm oil export (in mt) *Rumours only*

Amspec: 336,548 vs 318,928 (+17,620 or up 5.52%)

ITS: 314,898 vs 334,750 (-19,852 or down 5.93%)
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Malaysian Palm Oil Council Russia's Post

INDONESIA TO REQUIRE PALM OIL DERIVATIVE EXPORTERS TO PROVIDE PROOF OF DOMESTIC MARKET DISTRIBUTION PLAN TO GAIN EXPORT PERMITS- DOCUMENT - Reuters News
09-Feb-2022 04:17:45 PM

- INDONESIA TO IMPLEMENT EXPORT PERMIT REQUIREMENT FOR AN EXPANDED LIST OF PALM OIL PRODUCTS FROM FEB. 15 -DOCUMENT
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Malaysian Palm Oil Council Russia's Post

Масложировой союз (Twitter)

Средняя цена на подсолнечное масло в мире за январь 2022 составила $1,36 тыс./т, что на 9% выше, чем в январе прошлого года. Действие экспортной пошлины обеспечивает более низкие цены на внутреннем рынке, где оно подешевело на 5%. - Михаил Мальцев. https://www.agroinvestor.ru/markets/news/37507-predposylok-dlya-silnogo-snizheniya-tsen-na-podsolnechnik-i-maslo-poka-net/
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Malaysian Palm Oil Council Russia's Post

Palm oil Ukraine: Likelihood of a ban and possible impacts on regional trade
https://mpoc.org.my/palm-oil-ukraine-likelihood-of-a-ban-and-possible-impacts-on-regional-trade/

Moving towards expanding trade relations with the European Union, Ukraine continues to bring its own legislation in line with European norms. Will harmonization of Ukrainian legislation lead to an “accidental” ban on palm oil? Ukraine is located in  a strategic position in East Central Europe; lying on the northern shores of the Black Sea and […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Масложировой союз (Twitter)

Главным драйвером роста экспорта АПК в прошлом году стала масложировая продукция, вывоз в стоимостном выражении вырос на 48 %, до $7,07 млрд. В структуре поставок преобладало подсолнечное масло - его продали почти на $3,9 млрд против $2,7 млрд в 2020 году. https://www.agroinvestor.ru/analytics/article/37495-menshe-v-tonnakh-bolshe-v-dengakh-srednyaya-stoimost-postavlyaemoy-za-rubezh-selkhozproduktsii-za-go/
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*MPOA 1-31 Jan Prod est:*
Pen Msia : -17.10%
East Msia : -12.07%
Sabah : -10.31%
Sarawak : -17.29%
*Malaysia : -15.08% (est 1.23m mt)*

MPOA 1-20 Jan Prod est:
Pen Msia : -16.82%
East Msia : -10.40%
Sabah: -9.22%
Sarawak : -13.70
Malaysia : -14.35%
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Indonesia Allows Exports of CPO, Palm Olein for Feb. Delivery
By Eko Listiyorini

(Bloomberg) -- Trade Ministry has issued permits for 6 companies to export a total of 310,000 tons of crude palm oil and 18,178 tons of palm olein, Indrasari Wisnu Wardhana, director general of foreign trade at the ministry, says in text message Monday.

Exporters can seek permits for subsequent shipments by submitting the realization of domestic market obligation and domestic price obligation

Several other companies have also submitted their export permit applications

*Govt has no plan to reduce the percentage of domestic market obligation for CPO and olein from currently 20%*
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*Reuters Poll Jan'22 vs Dec'21 MPOB:*
Prodn 1.30m vs 1.45m (-10%)
Impt 100k vs 103k
Expt 1.12m vs 1.42m (-21%)
LDsp 282k vs 373k
Stks 1.59m vs 1.58m (+0.3%)

Bloomberg Poll:
Prodn 1.30m vs 1.45m (-10%)
Impt 100k vs 103k
Expt 1.11m vs 1.42m (-20%)
LDsp 250k-310k vs 373k
Stks 1.58m vs 1.58m (unch)
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

3-MCPD
https://mpoc.org.my/3-mcpd/

Prepared by Sabrina
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

*SPPOMA 1-31st Jan 22:*
Overall Summary:
Yield : -9.72%
OER : -0.59%
*Prod : -12.4%*

SPPOMA 1-20th Jan 22:
Overall Summary:
Yield : -13.43%
OER : -0.74%
Prod : -16.7%

SPPOMA: 1-15th Jan 22
Overall Summary :
Yield : -16.60%
OER : -0.81%
Prod : -20.86%

SPPOMA: 1-10th Jan 22
Overall Summary :
Yield : -27.42%
OER : -0.89%
Prod : -32.10%

SPPOMA: 1-5th Jan 22
Overall Summary :
Yield : -40.60%
OER : -0.98%
Prod : -45.75%
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Mistry Sees Bullish Palm Oil Through May as La Nina Scorches Soy
By Anuradha Raghu
(Bloomberg) -- Palm oil prices may stay elevated over the next four months as La Nina ravages soybean crops in South America, reducing supplies of the tropical oil’s main rival, according to veteran trader and analyst Dorab Mistry.
“The new factor in the last two weeks is the deterioration in South American soybean crops due to the La Nina dry weather,” Mistry, director at Godrej International Ltd., said in an emailed response to questions. “This means the period of high prices is likely to be prolonged at least until May.”
The world’s most-consumed edible oil surged to an all-time high of 5,700 ringgit ($1,365) a ton in intraday trading on Monday in the wake of export restrictions from top producer Indonesia as well as persistent concerns that a chronic worker shortage in Malaysia will curb supplies through the first quarter. Mistry in December predicted that benchmark futures will trade from 5,000 ringgit to 5,400 ringgit through February before easing in March. 
 
La Nina, which brings high temperatures and dry weather to South America, has damaged soy crops in key growing regions of southern Brazil and Argentina, with more drought likely ahead. The crop losses have taken the market by surprise as planting initially progressed smoothly and buyers including Chinese firms anticipated bumper crops. But now farmers are holding back grain and soybean sales on bets that prices will keep rising as the region’s harvest continues to shrink, exacerbating the supply squeeze in global edible oils.
Prices of palm, used in everything from cooking oil to soaps and biofuel, have nearly tripled from their early pandemic low, while Chicago soybean oil has climbed more than 150% in the same period, stoking fears of rising living costs for consumers. The United Nations’ index of global food prices jumped nearer to a record last month as vegetable oils and dairy became more expensive.
After May, the tropical oil’s direction will depend on the recovery in production, Mistry said. On the consumption side, the rally has already begun to dampen demand from key buyers. Cargo surveyor data from SGS Malaysia Sdn. showed exports from the No. 2 grower slumped 27% in January from a month earlier as shipments to India and China tumbled 34% and 26% respectively. 
“We are seeing some demand destruction in the case of palm in price sensitive markets,” Mistry said. “That factor plus a recovery in production will eventually lead to lower prices.”
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

2022 CPO futures pricing off to a strong start on speculative bets and geopolitical tension ignoring plunge in exports
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2022 CPO futures pricing off to a strong start on speculative bets and geopolitical tension ignoring plunge in exports
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Malaysian Palm Oil Council Russia's Post

CPO futures hit all-time high
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CPO futures hit all-time high
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

CPO to continue upward momentum
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CPO to continue upward momentum
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Malaysian Palm Oil Council Russia's Post

Soybean Imports Trend and in China and its Impact on Palm Oil
https://mpoc.org.my/soybean-imports-trend-and-in-china-and-its-impact-on-palm-oil-2/

Introduction The Y-o-Y growth of soybean import in China has moved from positive to negative in 2021, as the Jan-Oct period import of soybean dropped by 4.9% against the positive growth of 8.7% recorded in 1H2021 (Tables 1 & 2).  This is a surprising development as it was widely anticipated that there will be a […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Масложировой союз (Twitter)

С марта экспортная пошлина на подсолнечное масло повысится. Из-за пошлины российским компаниям пришлось уйти с рынка отдаленных стран, например, Индии. Контрактоваться на 3-4 месяца вперед нет возможности, - пояснял Михаил Мальцев. https://www.agroinvestor.ru/markets/news/37471-s-marta-eksportnaya-poshlina-na-podsolnechnoe-maslo-povysitsya/
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Malaysian Palm Oil Council Russia's Post

Масложировой союз (Twitter)

Если цены на традиционное мясо растут, его растительные аналоги, наоборот, снижаются в цене, что все чаще привлекает традиционных потребителей. https://rg.ru/2022/01/31/rossiiane-stali-est-vdvoe-bolshe-rastitelnogo-miasa.html
By: via Malaysian Palm Oil Council Russia