GRAINS-Chicago soyoil edges higher after Indonesia widens palm oil export ban
BEIJING, April 28 (Reuters) - Chicago soyoil futures edged higher on Thursday after rallying to a record high after Indonesian ban on palm oil exports.
Corn and soybean prices rose further.
FUNDAMENTALS
July soyoil futures BON2 on the Chicago Board of Trade (CBOT) settled up 0.53 cents at 85.25 cents per lb.
The most-active corn contract on CBOT Cv1 added 0.65% to 8.17-1/2 a bushel, while soybeans Sv1 climbed 0.21% to $16.96-1/4 a bushel.
The world's top palm oil exporter Indonesia widened its export ban on raw materials for cooking oil to fight food inflation, pushing up global edible oils prices.
Forecasts of cold and wet weather in key production areas in the United States continued to threaten corn planting and harvest.
Brazil's top grain-producing state is facing its driest April in 17 years, threatening a key second corn crop in the agricultural powerhouse.
Global agriculture trading house Bunge Ltd BG.N on Wednesday raised its full-year earnings forecast on robust demand and tighter supplies of essential crops since Russia's invasion of Ukraine.
MARKET NEWS
Key U.S. equity indexes ended higher after choppy trade on Wednesday, on a boost from strong earnings from Microsoft and Visa, as commodity stocks lifted European shares to their first gain in four sessions.
By: via Malaysian Palm Oil Council Russia
четверг, 28 апреля 2022 г.
среда, 27 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm takes breather after soaring on harsher Indonesian export ban
KUALA LUMPUR, April 28 (Reuters) - Malaysian palm oil futures ticked down on Thursday after surging in the previous session, as market participants digested top producer Indonesia's latest policy reversal that included a ban on crude and refined grades.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange fell 33 ringgit, or 0.47%, to 6,954 ringgit ($1,595.69) a tonne, retreating from a seven-week high scaled earlier in the session.
The contract hit its upper daily price limit of 10% on Wednesday, after Indonesia widened the scope of its export ban to include crude palm oil, refined palm oil and used cooking oil, among other palm oil products.
FUNDAMENTALS
Indonesian President Joko Widodo said on Wednesday that meeting public demand for affordable food takes priority over securing tax and export revenues, and that he would lift the ban once domestic needs are met.
The ban will remove 1.52 million tonnes of palm oil products a month from global supply, said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics. "Expectation is the ban will be lifted in three weeks."
Dalian's most-active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 4%. Soyoil prices on the Chicago Board of Trade BOcv1 extended gains after rallying to a record high in the previous session.
Palm oil may retest a resistance at 7,107 ringgit a tonne, a break above which could lead to a gain to the range of 7,239-7,419 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 28 (Reuters) - Malaysian palm oil futures ticked down on Thursday after surging in the previous session, as market participants digested top producer Indonesia's latest policy reversal that included a ban on crude and refined grades.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange fell 33 ringgit, or 0.47%, to 6,954 ringgit ($1,595.69) a tonne, retreating from a seven-week high scaled earlier in the session.
The contract hit its upper daily price limit of 10% on Wednesday, after Indonesia widened the scope of its export ban to include crude palm oil, refined palm oil and used cooking oil, among other palm oil products.
FUNDAMENTALS
Indonesian President Joko Widodo said on Wednesday that meeting public demand for affordable food takes priority over securing tax and export revenues, and that he would lift the ban once domestic needs are met.
The ban will remove 1.52 million tonnes of palm oil products a month from global supply, said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics. "Expectation is the ban will be lifted in three weeks."
Dalian's most-active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 4%. Soyoil prices on the Chicago Board of Trade BOcv1 extended gains after rallying to a record high in the previous session.
Palm oil may retest a resistance at 7,107 ringgit a tonne, a break above which could lead to a gain to the range of 7,239-7,419 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Indonesia stuns markets as it widens ban to include CPO, refined palm oil
https://mpoc.org.my/indonesia-stuns-markets-as-it-widens-ban-to-include-cpo-refined-palm-oil/
JAKARTA/MUMBAI (April 27): Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal. The announcement flipped the minister’s statement a day earlier, in which he had said the […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/indonesia-stuns-markets-as-it-widens-ban-to-include-cpo-refined-palm-oil/
JAKARTA/MUMBAI (April 27): Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal. The announcement flipped the minister’s statement a day earlier, in which he had said the […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil rallies 10% as market prepares for Indonesia export ban
https://mpoc.org.my/palm-oil-rallies-10-as-market-prepares-for-indonesia-export-ban/
(April 27): Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt. Malaysia, the world’s second-biggest producer, is set to see a surge in demand for its products after top grower Indonesia said it will ban exports of RBD palm olein from […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-rallies-10-as-market-prepares-for-indonesia-export-ban/
(April 27): Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt. Malaysia, the world’s second-biggest producer, is set to see a surge in demand for its products after top grower Indonesia said it will ban exports of RBD palm olein from […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
How much vitamin A do we need?
https://mpoc.org.my/how-much-vitamin-a-do-we-need/
Red palm oil (RPO) is rich in many phytonutrients, such as carotenoids and vitamin E tocotrienols.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/how-much-vitamin-a-do-we-need/
Red palm oil (RPO) is rich in many phytonutrients, such as carotenoids and vitamin E tocotrienols.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*INDONESIA CHIEF ECON MINISTER: EXPORT BAN FROM MIDNIGHT WILL BE APPLIED ON CPO, RTO, RBD PALM OIL*
27-Apr-2022 08:34:34 PM
- INDONESIA CHIEF ECON MINISTER: IMPLEMENTATIONS OF THE EXPORT BAN WILL BE AS PREVIOUSLY EXPLAINED
- INDONESIA CHIEF ECON MINISTER: TRADE MINISTRY REGULATION ON EXPORT BAN IS ISSUED TODAY
By: via Malaysian Palm Oil Council Russia
27-Apr-2022 08:34:34 PM
- INDONESIA CHIEF ECON MINISTER: IMPLEMENTATIONS OF THE EXPORT BAN WILL BE AS PREVIOUSLY EXPLAINED
- INDONESIA CHIEF ECON MINISTER: TRADE MINISTRY REGULATION ON EXPORT BAN IS ISSUED TODAY
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
3 vessels all got caught:
1. MT W BLOSSOOM – Wilmar load 8k RBD Palm Olein, sailed out on 27 Apr at 01.00 pulled back to anchorage by Navy at 09.00
2. MT World Progress – Riya International - load 30K RBD Palm Olein, sailed out 26 Apr 23.00, stopped at Morong (outer anchorage Dumai) by Navy at 07.00 today
3. MT Castor in kumai got detained by navy. Navy said although she finished today, she will not clear indon waters by 28. So it's called smuggling
Hearing there are ships in Dumai being stopped by navy from sailing out after loading olein. Hearing got ship stuck in indo loadport with palm olein . If miss the dateline they may be required to discharge back to tank
By: via Malaysian Palm Oil Council Russia
1. MT W BLOSSOOM – Wilmar load 8k RBD Palm Olein, sailed out on 27 Apr at 01.00 pulled back to anchorage by Navy at 09.00
2. MT World Progress – Riya International - load 30K RBD Palm Olein, sailed out 26 Apr 23.00, stopped at Morong (outer anchorage Dumai) by Navy at 07.00 today
3. MT Castor in kumai got detained by navy. Navy said although she finished today, she will not clear indon waters by 28. So it's called smuggling
Hearing there are ships in Dumai being stopped by navy from sailing out after loading olein. Hearing got ship stuck in indo loadport with palm olein . If miss the dateline they may be required to discharge back to tank
By: via Malaysian Palm Oil Council Russia
вторник, 26 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat prices ease after rally, tight supplies limit losses
SINGAPORE, April 27 (Reuters) - Chicago wheat futures ticked lower on Wednesday after climbing more than 2% in the previous session, although concerns over tightening world supplies limited losses.
Corn prices eased, while soybean edged higher.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 0.5% to $10.89-1/2 a bushel, as of 0017 GMT. Corn Cv1 gave up 0.2% to $8.00-1/4 a bushel, while soybeans Sv1 added 0.1% to $16.72-3/4 a bushel.
Global supplies of key crop staples will remain tight for at least two years after harvest shortfalls in some countries and shipping disruptions triggered by Russia's invasion of Ukraine, Archer-Daniels-Midland Co ADM.N said on Tuesday.
Demand will likely outpace supplies until at least 2024, resulting in high crop prices that will draw grain stocks out of storage and encourage South American farmers to plant more, the grains merchant said after posting a better-than-expected quarterly profit.
Soybean futures are facing pressure after Brazil's Anec raised its outlook for the country's export forecast for the oilseed. Losses were kept in check by signs that the United States remains competitive for deals with top buyer China.
Private exporters reported the sale of 132,000 tonnes of soybeans to China for delivery in the 2022/23 marketing year, the U.S. Department of Agriculture (USDA) said on Tuesday morning.
The USDA on Monday afternoon rated 27% of U.S. winter wheat in good-to-excellent condition, down 3 percentage points from a week ago and the lowest for this time of year since 1989, as drought persists in the Plains wheat belt.
The USDA said that corn planting was 7% complete as of April 24, below the average analyst estimate of 9% and the five-year average of 15%
Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah ($0.9715) per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
Commodity funds were net buyers of CBOT wheat, soyoil, corn and soybean futures contracts on Tuesday, traders said. They were net sellers of CBOT soymeal, traders said.
MARKET NEWS
U.S. shares tumbled on Tuesday, with the Nasdaq posting its steepest one-day rout since September 2020, while European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and fretted over global growth.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, April 27 (Reuters) - Chicago wheat futures ticked lower on Wednesday after climbing more than 2% in the previous session, although concerns over tightening world supplies limited losses.
Corn prices eased, while soybean edged higher.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 0.5% to $10.89-1/2 a bushel, as of 0017 GMT. Corn Cv1 gave up 0.2% to $8.00-1/4 a bushel, while soybeans Sv1 added 0.1% to $16.72-3/4 a bushel.
Global supplies of key crop staples will remain tight for at least two years after harvest shortfalls in some countries and shipping disruptions triggered by Russia's invasion of Ukraine, Archer-Daniels-Midland Co ADM.N said on Tuesday.
Demand will likely outpace supplies until at least 2024, resulting in high crop prices that will draw grain stocks out of storage and encourage South American farmers to plant more, the grains merchant said after posting a better-than-expected quarterly profit.
Soybean futures are facing pressure after Brazil's Anec raised its outlook for the country's export forecast for the oilseed. Losses were kept in check by signs that the United States remains competitive for deals with top buyer China.
Private exporters reported the sale of 132,000 tonnes of soybeans to China for delivery in the 2022/23 marketing year, the U.S. Department of Agriculture (USDA) said on Tuesday morning.
The USDA on Monday afternoon rated 27% of U.S. winter wheat in good-to-excellent condition, down 3 percentage points from a week ago and the lowest for this time of year since 1989, as drought persists in the Plains wheat belt.
The USDA said that corn planting was 7% complete as of April 24, below the average analyst estimate of 9% and the five-year average of 15%
Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah ($0.9715) per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
Commodity funds were net buyers of CBOT wheat, soyoil, corn and soybean futures contracts on Tuesday, traders said. They were net sellers of CBOT soymeal, traders said.
MARKET NEWS
U.S. shares tumbled on Tuesday, with the Nasdaq posting its steepest one-day rout since September 2020, while European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and fretted over global growth.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil gains 2.5% ahead of Indonesia's export ban
JAKARTA, April 27 (Reuters) - Malaysian palm oil futures extended gains to a second session on Wednesday as investors assess the impact of top producer Indonesia's decision to curb exports of refined, bleached and deodorized palm olein.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 166 ringgit, or 2.59%, to 6,566 ringgit ($1,507.35) a tonne in early trade.
FUNDAMENTALS
Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
EU palm oil imports in 2021/22 stood at 4.02 million tonnes versus 4.42 million tonnes.
Exports of Malaysian palm oil products for April 1-25 fell 12.9% to 897,683 tonnes from the same period last month, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 rose 2.71%, while its palm oil contract DCPcv1 gained 3.86%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.06%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil FCPOc3 may retest a resistance at 6,548 ringgit a tonne, a break could lead to a gain in the range of 6,686 ringgit to 6,797 ringgit.
MARKET NEWS
Oil prices extended gains in early Asian trade as geopolitical tensions simmered with Russia warning of gas supply cuts to Poland and Bulgaria while hopes of Chinese economic stimulus buoyed oil demand outlook.
A global stocks sell-off extended into the Asia morning, as global economic slowdown fears forced investors to dump riskier assets in favour of safe havens such as the U.S. dollar and government bonds.
By: via Malaysian Palm Oil Council Russia
JAKARTA, April 27 (Reuters) - Malaysian palm oil futures extended gains to a second session on Wednesday as investors assess the impact of top producer Indonesia's decision to curb exports of refined, bleached and deodorized palm olein.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 166 ringgit, or 2.59%, to 6,566 ringgit ($1,507.35) a tonne in early trade.
FUNDAMENTALS
Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
EU palm oil imports in 2021/22 stood at 4.02 million tonnes versus 4.42 million tonnes.
Exports of Malaysian palm oil products for April 1-25 fell 12.9% to 897,683 tonnes from the same period last month, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 rose 2.71%, while its palm oil contract DCPcv1 gained 3.86%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.06%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil FCPOc3 may retest a resistance at 6,548 ringgit a tonne, a break could lead to a gain in the range of 6,686 ringgit to 6,797 ringgit.
MARKET NEWS
Oil prices extended gains in early Asian trade as geopolitical tensions simmered with Russia warning of gas supply cuts to Poland and Bulgaria while hopes of Chinese economic stimulus buoyed oil demand outlook.
A global stocks sell-off extended into the Asia morning, as global economic slowdown fears forced investors to dump riskier assets in favour of safe havens such as the U.S. dollar and government bonds.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Update
The govt will not hesitate to extend the ban to cover RBD
palm oil and CPO in addition to olein if domestic supply continued to be short especially heading into the Eid festival at end of this week.
By: via Malaysian Palm Oil Council Russia
The govt will not hesitate to extend the ban to cover RBD
palm oil and CPO in addition to olein if domestic supply continued to be short especially heading into the Eid festival at end of this week.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Alerts History
* 26-Apr-2022 04:52:55 PM - BANGLADESH WILL CUT IMPORT TAXES ON CANOLA OIL, SUNOIL, OLIVE OIL TO 10% FROM 32% - GOVT SOURCE
Bangladesh will cut edible-oil taxes as Indonesia limits exports - official source - Reuters News
26-Apr-2022 04:53:02 PMBANGLADESH-VEGOILS/ (URGENT)
DHAKA, April 26 (Reuters) - Bangladesh will cut import taxes
on canola, sunflower and olive oil to 10% from 32% as it
desperately tries to augment supplies following Indonesia's
banning of exports of refined palm oil, a senior commerce
ministry official said on Tuesday.
The tax cut will be implemented very soon, said the
official, who had knowledge of the matter but asked not to be
identified.
Indonesia, the world's biggest palm oil exporter, plans from
Thursday to stop shipments of refined, bleached and deodorized
palm olein but will allow exports of crude palm oil or other
derivative products.
"We are looking for alternative suppliers, such as Canada,
the U.S.A. and China, for sunflower oil, canola oil and soybean
oil," the official said.
Bangladesh's Ministry of Commerce did not immediately
respond to a request for comment.
Indonesia usually supplies more than 85% of Bangladesh's
annual palm oil imports of around 1.5 million tonnes. Bangladesh
also imports around 750,000 tonnes a year of soyoil, mainly from
Argentina.
To calm vegetable oil prices, the country last month slashed
value added tax on imported soyoil and palm oil to 5% from 15%.
"Countries like Bangladesh that rely on imported edible oil
will have no choice but to pay higher prices to secure
supplies," the official said. "We're making frantic efforts to
cool prices in the domestic market."
By: via Malaysian Palm Oil Council Russia
* 26-Apr-2022 04:52:55 PM - BANGLADESH WILL CUT IMPORT TAXES ON CANOLA OIL, SUNOIL, OLIVE OIL TO 10% FROM 32% - GOVT SOURCE
Bangladesh will cut edible-oil taxes as Indonesia limits exports - official source - Reuters News
26-Apr-2022 04:53:02 PMBANGLADESH-VEGOILS/ (URGENT)
DHAKA, April 26 (Reuters) - Bangladesh will cut import taxes
on canola, sunflower and olive oil to 10% from 32% as it
desperately tries to augment supplies following Indonesia's
banning of exports of refined palm oil, a senior commerce
ministry official said on Tuesday.
The tax cut will be implemented very soon, said the
official, who had knowledge of the matter but asked not to be
identified.
Indonesia, the world's biggest palm oil exporter, plans from
Thursday to stop shipments of refined, bleached and deodorized
palm olein but will allow exports of crude palm oil or other
derivative products.
"We are looking for alternative suppliers, such as Canada,
the U.S.A. and China, for sunflower oil, canola oil and soybean
oil," the official said.
Bangladesh's Ministry of Commerce did not immediately
respond to a request for comment.
Indonesia usually supplies more than 85% of Bangladesh's
annual palm oil imports of around 1.5 million tonnes. Bangladesh
also imports around 750,000 tonnes a year of soyoil, mainly from
Argentina.
To calm vegetable oil prices, the country last month slashed
value added tax on imported soyoil and palm oil to 5% from 15%.
"Countries like Bangladesh that rely on imported edible oil
will have no choice but to pay higher prices to secure
supplies," the official said. "We're making frantic efforts to
cool prices in the domestic market."
By: via Malaysian Palm Oil Council Russia
понедельник, 25 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat firms on U.S. crop concerns; corn rises for second session
SINGAPORE, April 26 (Reuters) - Chicago wheat futures rose on Tuesday as a decline in U.S. winter crop conditions heightened concerns over global supplies, which have already been hit by Russia's invasion of Ukraine.
Corn rose for a second session as a slow start to U.S. planting underpinned prices.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.8% at $10.81-1/4 a bushel, as of 0036 GMT. Corn Cv1 rose 0.3% to $8.00-1/2 a bushel and soybeans Sv1 were unmoved at $16.75-1/4 a bushel.
The U.S. Department of Agriculture (USDA) on Monday rated 27% of U.S. winter wheat in good-to-excellent condition, down three percentage points from a week ago and the lowest for this time of year since 1989, as drought persists in the Plains wheat belt.
The figure also fell below the lowest in a range of analyst expectations. Twelve analysts surveyed by Reuters on average had expected the government to rate 30% of the crop as good-to-excellent, with estimates ranging from 28% to 34%.
Tightening global wheat supplies and the conflict between Ukraine and Russia, two major wheat exporters, have heightened the significance of U.S. winter wheat production prospects.
In the U.S. Midwest, cool and wet conditions slowed corn and soybean planting. The USDA said the U.S. corn crop was 7% seeded by Sunday, below the average analyst estimate of 9% and the five-year average of 15%.
U.S. soybean planting was 3% complete, matching trade expectations but behind the five-year average of 5%.
Indonesia's agriculture ministry said on Monday crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.
Though an exemption of crude palm oil from the export curbs will be positive for global markets, the majority of Indonesia's palm exports are in the form of processed oils that remain affected by the ban.
Commodity funds were net sellers of CBOT soybean, wheat, soymeal and soyoil futures contracts on Monday and net buyers of corn futures, traders said.
MARKET NEWS
European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China's sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, April 26 (Reuters) - Chicago wheat futures rose on Tuesday as a decline in U.S. winter crop conditions heightened concerns over global supplies, which have already been hit by Russia's invasion of Ukraine.
Corn rose for a second session as a slow start to U.S. planting underpinned prices.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.8% at $10.81-1/4 a bushel, as of 0036 GMT. Corn Cv1 rose 0.3% to $8.00-1/2 a bushel and soybeans Sv1 were unmoved at $16.75-1/4 a bushel.
The U.S. Department of Agriculture (USDA) on Monday rated 27% of U.S. winter wheat in good-to-excellent condition, down three percentage points from a week ago and the lowest for this time of year since 1989, as drought persists in the Plains wheat belt.
The figure also fell below the lowest in a range of analyst expectations. Twelve analysts surveyed by Reuters on average had expected the government to rate 30% of the crop as good-to-excellent, with estimates ranging from 28% to 34%.
Tightening global wheat supplies and the conflict between Ukraine and Russia, two major wheat exporters, have heightened the significance of U.S. winter wheat production prospects.
In the U.S. Midwest, cool and wet conditions slowed corn and soybean planting. The USDA said the U.S. corn crop was 7% seeded by Sunday, below the average analyst estimate of 9% and the five-year average of 15%.
U.S. soybean planting was 3% complete, matching trade expectations but behind the five-year average of 5%.
Indonesia's agriculture ministry said on Monday crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.
Though an exemption of crude palm oil from the export curbs will be positive for global markets, the majority of Indonesia's palm exports are in the form of processed oils that remain affected by the ban.
Commodity funds were net sellers of CBOT soybean, wheat, soymeal and soyoil futures contracts on Monday and net buyers of corn futures, traders said.
MARKET NEWS
European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China's sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises over 2% after volatile Monday
KUALA LUMPUR, April 26 (Reuters) - Malaysian palm oil futures rebounded on Tuesday as more details emerged about top producer Indonesia's ban on palm exports, easing fears of a blanket ban on the shipment of all products.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 169 ringgit, or 2.71%, to 6,398 ringgit ($1,471.82) a tonne in early trade.
The contract fell 2% on Monday after rising nearly 7% earlier in the day.
FUNDAMENTALS
Indonesia will only ban exports of refined, bleached and deodorized palm olein starting Thursday, while the ban will not include crude palm oil or other forms of derivative products, senior government official Musdhalifah Machmud said.
However, further export bans can be carried out if there is a shortage of refined palm oil, according to a presentation the Indonesian government gave to companies.
Exports of Malaysian palm oil products for April 1-25 fell 12.9% to 897,683 tonnes from the same period in March, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 fell 2.1%, while its palm oil contract DCPcv1 lost 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.9%.
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 bounce into a range of 6,326-6,392 ringgit a tonne, following its stabilisation around a support at 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were cautiously higher on Tuesday after a late revival on Wall street, though global growth fears stoked by China's stringent COVID-19 curbs and an expected streak of aggressive Federal Reserve tightening sapped risk appetite.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 26 (Reuters) - Malaysian palm oil futures rebounded on Tuesday as more details emerged about top producer Indonesia's ban on palm exports, easing fears of a blanket ban on the shipment of all products.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 169 ringgit, or 2.71%, to 6,398 ringgit ($1,471.82) a tonne in early trade.
The contract fell 2% on Monday after rising nearly 7% earlier in the day.
FUNDAMENTALS
Indonesia will only ban exports of refined, bleached and deodorized palm olein starting Thursday, while the ban will not include crude palm oil or other forms of derivative products, senior government official Musdhalifah Machmud said.
However, further export bans can be carried out if there is a shortage of refined palm oil, according to a presentation the Indonesian government gave to companies.
Exports of Malaysian palm oil products for April 1-25 fell 12.9% to 897,683 tonnes from the same period in March, cargo surveyor Societe Generale de Surveillance said.
Dalian's most-active soyoil contract DBYcv1 fell 2.1%, while its palm oil contract DCPcv1 lost 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.9%.
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 bounce into a range of 6,326-6,392 ringgit a tonne, following its stabilisation around a support at 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were cautiously higher on Tuesday after a late revival on Wall street, though global growth fears stoked by China's stringent COVID-19 curbs and an expected streak of aggressive Federal Reserve tightening sapped risk appetite.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Update
Indonesia may lift palm oil export ban in one or two months, says Maybank IB
BANDUNG (April 25): Indonesia’s palm oil export ban is expected to be lifted in one or two months, Maybank Investment Bank Bhd (Maybank IB) said.
“Once the Indonesian President is satisfied (that) there is sufficient cooking oil to serve the masses, the export ban will be lifted,” the investment bank said in note on Monday (April 25).
By: via Malaysian Palm Oil Council Russia
Indonesia may lift palm oil export ban in one or two months, says Maybank IB
BANDUNG (April 25): Indonesia’s palm oil export ban is expected to be lifted in one or two months, Maybank Investment Bank Bhd (Maybank IB) said.
“Once the Indonesian President is satisfied (that) there is sufficient cooking oil to serve the masses, the export ban will be lifted,” the investment bank said in note on Monday (April 25).
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Подсолнечное масло подешевеет уже в апреле - эксперт
В текущем месяце ожидается снижение цен на подсолнечное масло. Такое заявление сделал директор Масложирового союза Михаил Мальцев. По его словам, такой продукт резко подешевеет в магазинах, поскольку прежде был введен запрет на его экспорт.
«С 15 апреля власти ввели ограничения по экспорту данного продукта за рубеж. Чиновники сократили квоту по продаже масла за границу до всего лишь 1,5 миллиона тонн. Одновременно с этим были введены и другие меры: с начала месяца полностью запретили экспорт семян подсолнечника, а также рапса», – пояснил эксперт.
By: via Malaysian Palm Oil Council Russia
В текущем месяце ожидается снижение цен на подсолнечное масло. Такое заявление сделал директор Масложирового союза Михаил Мальцев. По его словам, такой продукт резко подешевеет в магазинах, поскольку прежде был введен запрет на его экспорт.
«С 15 апреля власти ввели ограничения по экспорту данного продукта за рубеж. Чиновники сократили квоту по продаже масла за границу до всего лишь 1,5 миллиона тонн. Одновременно с этим были введены и другие меры: с начала месяца полностью запретили экспорт семян подсолнечника, а также рапса», – пояснил эксперт.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Update:
Indonesia’s Export Ban Excludes Crude Palm Oil, RBD Palm Oil
By Eko Listiyorini and Anuradha Raghu
(Bloomberg) -- Indonesia, the world’s biggest palm oil producer, will only halt exports of bulk and packaged refined, bleached and deodorized palm olein, according to people familiar with the matter.
Exports of crude palm oil and RBD palm oil are still allowed, said the people, who asked not to be named as the government regulation hasn’t been published
By: via Malaysian Palm Oil Council Russia
Indonesia’s Export Ban Excludes Crude Palm Oil, RBD Palm Oil
By Eko Listiyorini and Anuradha Raghu
(Bloomberg) -- Indonesia, the world’s biggest palm oil producer, will only halt exports of bulk and packaged refined, bleached and deodorized palm olein, according to people familiar with the matter.
Exports of crude palm oil and RBD palm oil are still allowed, said the people, who asked not to be named as the government regulation hasn’t been published
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Топ-5 стран по производству пальмового масла в мире, тыс.тонн
1 Indonesia 44,500
2 Malaysia 18,700
3 Thailand 3,120
4 Colombia 1,650
5 Nigeria 1,400
6 Guatemala 880
7 Honduras 600
8 Papua New Guinea 565
9 Ecuador 564
10 Brazil 550
Топ-5 стран по экспорту пальмового масла, тыс.тонн
1 Indonesia 29,500
2 Malaysia 16,220
3 Guatemala 810
4 Colombia 685
5 Papua New Guinea 584
By: via Malaysian Palm Oil Council Russia
1 Indonesia 44,500
2 Malaysia 18,700
3 Thailand 3,120
4 Colombia 1,650
5 Nigeria 1,400
6 Guatemala 880
7 Honduras 600
8 Papua New Guinea 565
9 Ecuador 564
10 Brazil 550
Топ-5 стран по экспорту пальмового масла, тыс.тонн
1 Indonesia 29,500
2 Malaysia 16,220
3 Guatemala 810
4 Colombia 685
5 Papua New Guinea 584
By: via Malaysian Palm Oil Council Russia
воскресенье, 24 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rallies to six-week high on Indonesia's export ban
KUALA LUMPUR, April 25 (Reuters) - Malaysian palm oil futures jumped nearly 6% on Monday to their highest in six weeks after top producer Indonesia said it plans to ban exports of the most widely used vegetable oil, stoking concerns over further tightening of world supplies.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange rose 320 ringgit, or 5.82%, to 6,725 ringgit ($1,548.11) a tonne in early trade, hitting its highest since March 11.
FUNDAMENTALS
Indonesian President Joko Widodo on Friday announced a decision to ban shipments of cooking oil and its raw material starting April 28, in a shock move that could further inflame surging global food inflation.
Indonesia's move will hurt other countries but is necessary to try to bring down the soaring domestic price of cooking oil driven up by Russia's war in Ukraine, Indonesia's finance minister told Reuters on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 surged to record highs following a 2.2% climb in the previous session. Dalian's most-active soyoil contract DBYcv1 rose 1.5%, while its palm oil contract DCPcv1 gained 5%.
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 retest a resistance at 6,392 ringgit a tonne, a break above which could lead to a gain to 6,548 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks fell the most in two weeks on Monday as concern about rapid U.S. rate rises and slowing growth rattled investors, while the euro found support after Emmanuel Macron won a second term as French president.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 25 (Reuters) - Malaysian palm oil futures jumped nearly 6% on Monday to their highest in six weeks after top producer Indonesia said it plans to ban exports of the most widely used vegetable oil, stoking concerns over further tightening of world supplies.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange rose 320 ringgit, or 5.82%, to 6,725 ringgit ($1,548.11) a tonne in early trade, hitting its highest since March 11.
FUNDAMENTALS
Indonesian President Joko Widodo on Friday announced a decision to ban shipments of cooking oil and its raw material starting April 28, in a shock move that could further inflame surging global food inflation.
Indonesia's move will hurt other countries but is necessary to try to bring down the soaring domestic price of cooking oil driven up by Russia's war in Ukraine, Indonesia's finance minister told Reuters on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 surged to record highs following a 2.2% climb in the previous session. Dalian's most-active soyoil contract DBYcv1 rose 1.5%, while its palm oil contract DCPcv1 gained 5%.
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 retest a resistance at 6,392 ringgit a tonne, a break above which could lead to a gain to 6,548 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks fell the most in two weeks on Monday as concern about rapid U.S. rate rises and slowing growth rattled investors, while the euro found support after Emmanuel Macron won a second term as French president.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Ukraine, war, and global oils & fats markets
https://mpoc.org.my/ukraine-war-and-global-oils-fats-markets/
This article provides a brief overview of Russia’s attack on Europe’s breadbasket for agricultural markets in general and oils & fats in particular. From breadbasket to a disaster zone The main facts about the Ukrainian agricultural sector, according to the U.S. Department of Agriculture (USDA), are: Ukraine is one of the world’s leading agricultural producers […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/ukraine-war-and-global-oils-fats-markets/
This article provides a brief overview of Russia’s attack on Europe’s breadbasket for agricultural markets in general and oils & fats in particular. From breadbasket to a disaster zone The main facts about the Ukrainian agricultural sector, according to the U.S. Department of Agriculture (USDA), are: Ukraine is one of the world’s leading agricultural producers […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia says can meet global demand after Indonesia bans palm oil exports
https://mpoc.org.my/malaysia-says-can-meet-global-demand-after-indonesia-bans-palm-oil-exports/
KUALA LUMPUR (April 24): Malaysia is confident it can meet global demand for palm oil after Indonesia’s announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin. “I am confident that Malaysia is ready and able to supply palm oil to global markets because our production is […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysia-says-can-meet-global-demand-after-indonesia-bans-palm-oil-exports/
KUALA LUMPUR (April 24): Malaysia is confident it can meet global demand for palm oil after Indonesia’s announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin. “I am confident that Malaysia is ready and able to supply palm oil to global markets because our production is […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
#war #charity #KhPI
Дорогі наші випускники, друзі харківського Політеху!
Дякуємо, що відгукнулися на наші звернення про допомогу рідної Alma mater
На рахунки Асоціації випускників НТУ «ХПІ» почали надходити ваші благодійні внески. Нам дуже приємно назвати імена тих, хто у тяжкий воєнний час підтримав університет, незламне місто Харків, українську освіту
Ось імена наших героїв: Georgiy Ivanov, Emil Emilov, Ольга Онищенко, Віктор Щетинин, Андрій Породнов, Вадим Пуйденко, Олексій Дунєв, Євген Сокол
Дуже віримо, що небайдужих стане ще більше. І ми будемо почуті на всіх континентах.
Для фінансової підтримки:
Валюта: UAH
Одержувач: ГО «Асоцiацiя випускникiв НТУ «ХПI».
Р/р UA323204780000026007924433811 в АБ «Укргазбанк». ЭДРПОУ 26450114. Призначення платежу: ПIБ, благодiйний
внесок
----------
Dear our graduates, friends of the Kharkiv Polytechnic University!
We thank you so much for responding to our appeal for help to your Alma mater
Your donations have started to come to the accounts of the NTU “KhPI” Alumni Association. We are very pleased to make public the names of those who supports the university, the unbroken city of Kharkiv, and Ukrainian education in difficult wartime
Here are the names of our heroes: Georgiy Ivanov, Emil Emilov, Olga Onishchenko, Viktor Shchetynyn, Andriy Porodnov, Vadym Puydenko, Oleksiy Duniev, Evgen Sokol
We strongly believe that there will be more concerned people, and we will be heard on all continents.
For financial support:
Recipient: Public Organization "The National Technical University "Kharkov Polytechnical Institute" Alumni Association (PO "NTU "KhPi" Alumni Association"
Address: Ukraine, Kharkiv, str. Kyrpychova, 2
Identification code 26450114
Account: UA323204780000026007924433811 ISB "UKRGASBANK"
----------
Currency: $
Correspondent account number 04452135
Deutsche Bank Trust Company Americas, New York.
S.W.I.F.T.: BKTRUS33.
----------
Currency: CAD
Correspondent account number 400886433200
Commerzbank AG, Frankfurt-am-Main.
S.W.I.F.T.: COBADEFF
03087, Ukraine, Kiev, str. Yerevanskaya, 1.
------------
Currency: €
Correspondent account number 100947080800
Deutsche Bank AG, Frankfurt-am-Main
S.W.I.F.T.: DEUTDEFF
03087, Ukraine, Kiev, str. Yerevanskaya, 1
______
Національний технічний університет "Харківський політехнічний інститут" Евгений Сокол
By: via Malaysian Palm Oil Council Russia
Дорогі наші випускники, друзі харківського Політеху!
Дякуємо, що відгукнулися на наші звернення про допомогу рідної Alma mater
На рахунки Асоціації випускників НТУ «ХПІ» почали надходити ваші благодійні внески. Нам дуже приємно назвати імена тих, хто у тяжкий воєнний час підтримав університет, незламне місто Харків, українську освіту
Ось імена наших героїв: Georgiy Ivanov, Emil Emilov, Ольга Онищенко, Віктор Щетинин, Андрій Породнов, Вадим Пуйденко, Олексій Дунєв, Євген Сокол
Дуже віримо, що небайдужих стане ще більше. І ми будемо почуті на всіх континентах.
Для фінансової підтримки:
Валюта: UAH
Одержувач: ГО «Асоцiацiя випускникiв НТУ «ХПI».
Р/р UA323204780000026007924433811 в АБ «Укргазбанк». ЭДРПОУ 26450114. Призначення платежу: ПIБ, благодiйний
внесок
----------
Dear our graduates, friends of the Kharkiv Polytechnic University!
We thank you so much for responding to our appeal for help to your Alma mater
Your donations have started to come to the accounts of the NTU “KhPI” Alumni Association. We are very pleased to make public the names of those who supports the university, the unbroken city of Kharkiv, and Ukrainian education in difficult wartime
Here are the names of our heroes: Georgiy Ivanov, Emil Emilov, Olga Onishchenko, Viktor Shchetynyn, Andriy Porodnov, Vadym Puydenko, Oleksiy Duniev, Evgen Sokol
We strongly believe that there will be more concerned people, and we will be heard on all continents.
For financial support:
Recipient: Public Organization "The National Technical University "Kharkov Polytechnical Institute" Alumni Association (PO "NTU "KhPi" Alumni Association"
Address: Ukraine, Kharkiv, str. Kyrpychova, 2
Identification code 26450114
Account: UA323204780000026007924433811 ISB "UKRGASBANK"
----------
Currency: $
Correspondent account number 04452135
Deutsche Bank Trust Company Americas, New York.
S.W.I.F.T.: BKTRUS33.
----------
Currency: CAD
Correspondent account number 400886433200
Commerzbank AG, Frankfurt-am-Main.
S.W.I.F.T.: COBADEFF
03087, Ukraine, Kiev, str. Yerevanskaya, 1.
------------
Currency: €
Correspondent account number 100947080800
Deutsche Bank AG, Frankfurt-am-Main
S.W.I.F.T.: DEUTDEFF
03087, Ukraine, Kiev, str. Yerevanskaya, 1
______
Національний технічний університет "Харківський політехнічний інститут" Евгений Сокол
By: via Malaysian Palm Oil Council Russia
пятница, 22 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Indonesia to ban exports of palm oil from April 28 - Reuters
22-Apr-2022 06:41:43 PM
JAKARTA, April 22 (Reuters) - Indonesia President Joko Widodo said on Friday he decided to ban exports of cooking oil and its raw material from April 28, until a date to be later decided.
He said he would continue to monitor and evaluate the policy until Indonesia has an "abundant and affordable" supply of cooking oil. Indonesia makes cooking oil from palm oil.
By: via Malaysian Palm Oil Council Russia
22-Apr-2022 06:41:43 PM
JAKARTA, April 22 (Reuters) - Indonesia President Joko Widodo said on Friday he decided to ban exports of cooking oil and its raw material from April 28, until a date to be later decided.
He said he would continue to monitor and evaluate the policy until Indonesia has an "abundant and affordable" supply of cooking oil. Indonesia makes cooking oil from palm oil.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Индонезия запретит экспорт пальмового масла с 28 апреля
Москва. 22 апреля. INTERFAX.RU - Индонезия вводит запрет на экспорт пальмового масла с 28 апреля на фоне нехватки этого продукта внутри страны, сообщает газета Nikkei.
Президент Индонезии Джоко Видодо заявил в пятницу, что запрет вводится на неопределенное время.
Такое решение, по его словам, принято, чтобы "обеспечить достаточное и доступное предложение пищевого растительного масла в стране".
Индонезия является крупнейшим мировым производителем и экспортером пальмового масла. Предыдущий запрет на экспорт этого продукта из страны был введен в конце января и снят в марте. Введение запрета привело к скачку цен на пальмовое масло до рекордных максимумов.
Существенный подъем цен был отмечен в конце прошлого года, а уже в этом году ситуацию усугубил российско-украинский конфликт, который, по мнению экспертов, может ограничить предложение растительных масел на мировом рынке.
Несмотря на то, что предложение пальмового масла в Индонезии, резко сократившееся в начале года, на данный момент увеличилось, цены остаются высокими, что толкает вверх инфляцию в стране.
Июльские фьючерсы на пальмовое масло на бирже деривативов в Малайзии в пятницу выросли в цене на 1,1% - до 6384 ринггитов ($1483,62) за тонну.
By: via Malaysian Palm Oil Council Russia
Москва. 22 апреля. INTERFAX.RU - Индонезия вводит запрет на экспорт пальмового масла с 28 апреля на фоне нехватки этого продукта внутри страны, сообщает газета Nikkei.
Президент Индонезии Джоко Видодо заявил в пятницу, что запрет вводится на неопределенное время.
Такое решение, по его словам, принято, чтобы "обеспечить достаточное и доступное предложение пищевого растительного масла в стране".
Индонезия является крупнейшим мировым производителем и экспортером пальмового масла. Предыдущий запрет на экспорт этого продукта из страны был введен в конце января и снят в марте. Введение запрета привело к скачку цен на пальмовое масло до рекордных максимумов.
Существенный подъем цен был отмечен в конце прошлого года, а уже в этом году ситуацию усугубил российско-украинский конфликт, который, по мнению экспертов, может ограничить предложение растительных масел на мировом рынке.
Несмотря на то, что предложение пальмового масла в Индонезии, резко сократившееся в начале года, на данный момент увеличилось, цены остаются высокими, что толкает вверх инфляцию в стране.
Июльские фьючерсы на пальмовое масло на бирже деривативов в Малайзии в пятницу выросли в цене на 1,1% - до 6384 ринггитов ($1483,62) за тонну.
By: via Malaysian Palm Oil Council Russia
среда, 20 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans rise on demand hopes, wheat falls for 3rd day
SINGAPORE, April 21 (Reuters) - Chicago soybean futures ticked higher on Thursday, holding on to gains made in recent sessions, as expectations of higher demand for U.S. supplies underpinned the market.
Wheat lost more ground, while corn eased.
FUNDAMENTALS
The most-active Chicago Board of Trade (CBOT) soybean contract Sv1 added 0.1% to $17.18-1/4 a bushel, as of 0047 GMT.
Wheat Wv1 lost 0.4% to $10.92-3/4 a bushel and corn Cv1 gave up 0.3% to $8.08 a bushel.
Export prices for U.S. soybeans are competitive with Brazilian supplies for May loadings and cheaper than Brazil for June, July and August, Arlan Suderman, StoneX chief commodities economist, wrote in a client note. Brazil and the United States are the world's top soybean exporters.
However, China's soybean imports from the United States plunged in March from a year earlier, customs data showed on Wednesday, as poor margins curbed buying.
China, the world's top importer of soybeans, brought in 3.37 million tonnes last month from U.S., down from 7.18 million a year earlier, data from the General Administration of Customs showed.
For corn the market continue to monitor weather forecasts for the U.S. Midwest, where planting is off to a slow start.
Wheat futures slid but the market has underlying support from dry conditions in the U.S. Plains that have threatened winter wheat production prospects. The U.S. Department of Agriculture on Monday rated 30% of U.S. winter wheat in good-to-excellent condition, a 26-year low for this time of year.
In Argentina, wheat planting area for the 2022/23 season is expected to be around 6.5 million hectares, down from a revised 6.7 million hectares in the previous season, the Buenos Aires Cereal Exchange said on Wednesday.
High fertilizer prices, rising input costs, a relative improvement in barley margins and domestic policies affecting wheat planting are some of the reasons for the smaller area.
Indian wheat could offer a cheaper option for top importer Egypt but will have to overcome quality controls set by the country's agriculture ministry as well as higher freight costs.
Last week, Egypt's agriculture ministry announced it had approved India as a wheat import origin but has placed several conditions including inspection for pests prior to export and the use of only a specific pesticide, according to a ministry document seen by Reuters.
Commodity funds were net buyers of CBOT corn, soybean, soymeal and soyoil futures contracts on Wednesday, and net sellers of wheat futures, traders said.
MARKET NEWS
U.S. stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, April 21 (Reuters) - Chicago soybean futures ticked higher on Thursday, holding on to gains made in recent sessions, as expectations of higher demand for U.S. supplies underpinned the market.
Wheat lost more ground, while corn eased.
FUNDAMENTALS
The most-active Chicago Board of Trade (CBOT) soybean contract Sv1 added 0.1% to $17.18-1/4 a bushel, as of 0047 GMT.
Wheat Wv1 lost 0.4% to $10.92-3/4 a bushel and corn Cv1 gave up 0.3% to $8.08 a bushel.
Export prices for U.S. soybeans are competitive with Brazilian supplies for May loadings and cheaper than Brazil for June, July and August, Arlan Suderman, StoneX chief commodities economist, wrote in a client note. Brazil and the United States are the world's top soybean exporters.
However, China's soybean imports from the United States plunged in March from a year earlier, customs data showed on Wednesday, as poor margins curbed buying.
China, the world's top importer of soybeans, brought in 3.37 million tonnes last month from U.S., down from 7.18 million a year earlier, data from the General Administration of Customs showed.
For corn the market continue to monitor weather forecasts for the U.S. Midwest, where planting is off to a slow start.
Wheat futures slid but the market has underlying support from dry conditions in the U.S. Plains that have threatened winter wheat production prospects. The U.S. Department of Agriculture on Monday rated 30% of U.S. winter wheat in good-to-excellent condition, a 26-year low for this time of year.
In Argentina, wheat planting area for the 2022/23 season is expected to be around 6.5 million hectares, down from a revised 6.7 million hectares in the previous season, the Buenos Aires Cereal Exchange said on Wednesday.
High fertilizer prices, rising input costs, a relative improvement in barley margins and domestic policies affecting wheat planting are some of the reasons for the smaller area.
Indian wheat could offer a cheaper option for top importer Egypt but will have to overcome quality controls set by the country's agriculture ministry as well as higher freight costs.
Last week, Egypt's agriculture ministry announced it had approved India as a wheat import origin but has placed several conditions including inspection for pests prior to export and the use of only a specific pesticide, according to a ministry document seen by Reuters.
Commodity funds were net buyers of CBOT corn, soybean, soymeal and soyoil futures contracts on Wednesday, and net sellers of wheat futures, traders said.
MARKET NEWS
U.S. stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil tracks crude, Dalian rival oils higher
KUALA LUMPUR, April 21 (Reuters) - Malaysian palm oil futures rose on Thursday as strength in rival edible oils and crude futures set a positive tone for the market, although gains were capped by lackluster demand for exports this month.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 89 ringgit, or 1.41%, to 6,397 ringgit ($1,494.63) a tonne during early trade.
FUNDAMENTALS
Investors are expecting top producer Indonesia to maintain its crude palm oil export tax and levy for May, but lower its reference price.
Exports of Malaysian palm oil products during April 1-20 fell between 14% and 18%, compared with the same week in the prior month, cargo surveyors said on Wednesday.
Oil prices traded higher but in a narrow range, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
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 retest a resistance at 6,548 ringgit a tonne, a break above could lead to a gain into the 6,664-6,686 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Mainland China and Hong Kong stocks fell, hurt by worries about the Chinese economy, but an overnight tumble in longer dated U.S. treasury yields lent support to other benchmark indexes.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 21 (Reuters) - Malaysian palm oil futures rose on Thursday as strength in rival edible oils and crude futures set a positive tone for the market, although gains were capped by lackluster demand for exports this month.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 89 ringgit, or 1.41%, to 6,397 ringgit ($1,494.63) a tonne during early trade.
FUNDAMENTALS
Investors are expecting top producer Indonesia to maintain its crude palm oil export tax and levy for May, but lower its reference price.
Exports of Malaysian palm oil products during April 1-20 fell between 14% and 18%, compared with the same week in the prior month, cargo surveyors said on Wednesday.
Oil prices traded higher but in a narrow range, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
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 retest a resistance at 6,548 ringgit a tonne, a break above could lead to a gain into the 6,664-6,686 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Mainland China and Hong Kong stocks fell, hurt by worries about the Chinese economy, but an overnight tumble in longer dated U.S. treasury yields lent support to other benchmark indexes.
By: via Malaysian Palm Oil Council Russia
вторник, 19 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Из Китая в Германию будет ходить грузовой поезд в обход России, сообщает китайское агентство Xinhua. Первый поезд по маршруту Сиань — Мангейм отправился 13 апреля.
Он проехал через Казахстан, Азербайджан, Румынию, Венгрию, Словакию и Чехию и перевез спортивный инвентарь, одежду и постельные принадлежности. Маршрут открывает новые рынки международной торговли как для китайских, так и для международных предприятий, пишет Xinhua. Ранее китайские грузоперевозчики начали приостанавливать транзит грузов в Евросоюз через Россию из-за «опасений за товар».
By: via Malaysian Palm Oil Council Russia
Он проехал через Казахстан, Азербайджан, Румынию, Венгрию, Словакию и Чехию и перевез спортивный инвентарь, одежду и постельные принадлежности. Маршрут открывает новые рынки международной торговли как для китайских, так и для международных предприятий, пишет Xinhua. Ранее китайские грузоперевозчики начали приостанавливать транзит грузов в Евросоюз через Россию из-за «опасений за товар».
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Jakarta -The Attorney General's Office ( AGO ) has named the Director General of Foreign Trade of the Ministry of Trade (Dirjen PLN of the Ministry of Trade) with the initials IWW as a suspect in the alleged corruption case in granting export facilities for crude palm oil or CPO or cooking oil. He was snared along with 3 other people from the private sector.
Attorney General ST Burhanuddin immediately announced the determination of the suspects. Burhanuddin said the actions of the suspects caused losses to the country's economy.
"The actions of the suspects resulted in state economic losses or resulted in the expensiveness and scarcity of cooking oil so that there was a decrease in household consumption and small industries that use cooking oil and made people's lives difficult," said Burhanuddin at his office, Jalan Sultan Hasanuddin, South Jakarta, Tuesday ( 19/4/2022).
The 3 suspects from the private sector are as follows:
- MPT as Commissioner of PT Wilmar Nabati Indonesia
- SMA as Senior Manager of Corporate Affairs for Permata Hijau Group (PHG)
- PT as General Manager in the General Affairs Section of PT Musim Mas
Director General of Trade of the Ministry of Trade Examined as Witness Regarding CPO Export Case
According to Burhanuddin, initially at the end of 2021 there was a scarcity and increase in the price of cooking oil in the market, which prompted the government through the Ministry of Trade to take a policy to establish DMO or domestic market obligation and DPO or domestic price obligation for companies wishing to export CPO and its derivative products. In addition, the Ministry of Trade sets the highest retail price (HET) for palm cooking oil.
"In practice, exporting companies do not meet the DPO but still get export approval from the government," said Burhanuddin.
The Attorney General's Office investigated the case which later named the 4 suspects. The suspects are suspected of violating Article 54 paragraph (1) letter a and paragraph (2) letters a, b, e, and f of Law Number 7 of 2014 concerning Trade.
In addition, the suspects are suspected of violating the Decree of the Minister of Trade Number 129 of 2022 in conjunction with Number 170 of 2022 concerning Determination of Amounts for Distribution of Domestic Market Obligations and Domestic Price Bonds and the provisions of Chapter II Letter A number (1) letter b, juncto Chapter II letter C number 4 letter c Regulation of the Director General of Foreign Trade Number 02/DAGLU/PER/1/2022 concerning technical guidelines for implementing policies and regulations for exporting CPO, RDB Palm Olein and UCO.
The Attorney General's Office Examines 4 Verifier Members of the Ministry of Trade Regarding CPO Export Cases
Burhanuddin said the suspects were suspected of committing legal acts, as follows:
1. There is an agreement between the applicant and the licensee in the process of issuing export approvals;
2. Issuance of export approvals to exporters whose licenses should have been refused because they did not meet the requirements, namely
a. Distributing CPO or RBD Palm Olein is not in accordance with the domestic sales price (DPO);
b. Not distributing CPO and RBD Palm Olein domestically as required in the DMO (20% of total exports).
Situation in the case of the export of cooking oil snares the Director General of the Ministry of Trade as a suspect
cooking oil export
cooking oil mafia case
cooking oil mafia
Ministry of Trade
AGO
attorney General's Office
expensive cooking oil
rare cooking oil
director general of foreign trade
By: via Malaysian Palm Oil Council Russia
Attorney General ST Burhanuddin immediately announced the determination of the suspects. Burhanuddin said the actions of the suspects caused losses to the country's economy.
"The actions of the suspects resulted in state economic losses or resulted in the expensiveness and scarcity of cooking oil so that there was a decrease in household consumption and small industries that use cooking oil and made people's lives difficult," said Burhanuddin at his office, Jalan Sultan Hasanuddin, South Jakarta, Tuesday ( 19/4/2022).
The 3 suspects from the private sector are as follows:
- MPT as Commissioner of PT Wilmar Nabati Indonesia
- SMA as Senior Manager of Corporate Affairs for Permata Hijau Group (PHG)
- PT as General Manager in the General Affairs Section of PT Musim Mas
Director General of Trade of the Ministry of Trade Examined as Witness Regarding CPO Export Case
According to Burhanuddin, initially at the end of 2021 there was a scarcity and increase in the price of cooking oil in the market, which prompted the government through the Ministry of Trade to take a policy to establish DMO or domestic market obligation and DPO or domestic price obligation for companies wishing to export CPO and its derivative products. In addition, the Ministry of Trade sets the highest retail price (HET) for palm cooking oil.
"In practice, exporting companies do not meet the DPO but still get export approval from the government," said Burhanuddin.
The Attorney General's Office investigated the case which later named the 4 suspects. The suspects are suspected of violating Article 54 paragraph (1) letter a and paragraph (2) letters a, b, e, and f of Law Number 7 of 2014 concerning Trade.
In addition, the suspects are suspected of violating the Decree of the Minister of Trade Number 129 of 2022 in conjunction with Number 170 of 2022 concerning Determination of Amounts for Distribution of Domestic Market Obligations and Domestic Price Bonds and the provisions of Chapter II Letter A number (1) letter b, juncto Chapter II letter C number 4 letter c Regulation of the Director General of Foreign Trade Number 02/DAGLU/PER/1/2022 concerning technical guidelines for implementing policies and regulations for exporting CPO, RDB Palm Olein and UCO.
The Attorney General's Office Examines 4 Verifier Members of the Ministry of Trade Regarding CPO Export Cases
Burhanuddin said the suspects were suspected of committing legal acts, as follows:
1. There is an agreement between the applicant and the licensee in the process of issuing export approvals;
2. Issuance of export approvals to exporters whose licenses should have been refused because they did not meet the requirements, namely
a. Distributing CPO or RBD Palm Olein is not in accordance with the domestic sales price (DPO);
b. Not distributing CPO and RBD Palm Olein domestically as required in the DMO (20% of total exports).
Situation in the case of the export of cooking oil snares the Director General of the Ministry of Trade as a suspect
cooking oil export
cooking oil mafia case
cooking oil mafia
Ministry of Trade
AGO
attorney General's Office
expensive cooking oil
rare cooking oil
director general of foreign trade
By: via Malaysian Palm Oil Council Russia
понедельник, 18 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Does adding natural antioxidants in cooking oil help?
https://mpoc.org.my/does-adding-natural-antioxidants-in-cooking-oil-help/
Cooking oils have been around for most of human history. It is indisputably a fantastic medium used to transfer heat to food, facilitating cooking processes.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/does-adding-natural-antioxidants-in-cooking-oil-help/
Cooking oils have been around for most of human history. It is indisputably a fantastic medium used to transfer heat to food, facilitating cooking processes.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil: Nutritional attributes, health and well-being promoting potentials
https://mpoc.org.my/palm-oil-nutritional-attributes-health-and-well-being-promoting-potentials/
World Health Day is a global health awareness day founded by the World Health Organisation (WHO) in 1948, and it falls on 7 April annually. This is an important day to create awareness to people all over the world to emphasise the importance of focusing on well-being and good health for both humans and our planet.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-nutritional-attributes-health-and-well-being-promoting-potentials/
World Health Day is a global health awareness day founded by the World Health Organisation (WHO) in 1948, and it falls on 7 April annually. This is an important day to create awareness to people all over the world to emphasise the importance of focusing on well-being and good health for both humans and our planet.
By: via Malaysian Palm Oil Council Russia
воскресенье, 17 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago corn hits highest since 2012 on tight supply fears
April 18 (Reuters) - U.S. grains futures gained in early Asian trade on Monday, with corn hitting its highest level in nearly a decade, supported by tightening global supplies and a production outlook clouded by the Russia-Ukraine war.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Treade (CBOT) Cv1 climbed to as high as $7.90 a bushel, the strongest level since September 2012, from last Thursday's close of $7.83-3/4. U.S. markets were closed on Good Friday.
CBOT wheat Wv1 was up 1.4% at $11.20 a bushel by 0141 GMT, while CBOT soybeans Sv1 gained 0.6% to $16.91-3/4 a bushel.
Last week corn was also supported amid fears of planting delays due to an unfavourable weather in the U.S. Midwest. The U.S. Department of Agriculture said the corn crop was 2% seeded as of April 10, behind the five-year average of 3%.
Argentinian truckers agreed on Thursday night to call off a strike that had paralyzed grains transport in the world's top shipper of soy products and no. 2 supplier of corn.
Worries about the crisis in Ukraine, along with drought in the U.S. Plains winter wheat belt, have also underpinned wheat prices this year.
However, Strategie Grains on Thursday lowered its forecast for European Union soft wheat exports this season, with the consultancy's monthly cereals report citing significant shipments from Russia despite its invasion of Ukraine.
The U.S. soybean crush rose in March to the highest level on record for the third month of the year, while stocks of soybean oil fell to the lowest since November, according to National Oilseed Processors Association data released on Friday.
MARKET NEWS
Oil prices rose as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
By: via Malaysian Palm Oil Council Russia
April 18 (Reuters) - U.S. grains futures gained in early Asian trade on Monday, with corn hitting its highest level in nearly a decade, supported by tightening global supplies and a production outlook clouded by the Russia-Ukraine war.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Treade (CBOT) Cv1 climbed to as high as $7.90 a bushel, the strongest level since September 2012, from last Thursday's close of $7.83-3/4. U.S. markets were closed on Good Friday.
CBOT wheat Wv1 was up 1.4% at $11.20 a bushel by 0141 GMT, while CBOT soybeans Sv1 gained 0.6% to $16.91-3/4 a bushel.
Last week corn was also supported amid fears of planting delays due to an unfavourable weather in the U.S. Midwest. The U.S. Department of Agriculture said the corn crop was 2% seeded as of April 10, behind the five-year average of 3%.
Argentinian truckers agreed on Thursday night to call off a strike that had paralyzed grains transport in the world's top shipper of soy products and no. 2 supplier of corn.
Worries about the crisis in Ukraine, along with drought in the U.S. Plains winter wheat belt, have also underpinned wheat prices this year.
However, Strategie Grains on Thursday lowered its forecast for European Union soft wheat exports this season, with the consultancy's monthly cereals report citing significant shipments from Russia despite its invasion of Ukraine.
The U.S. soybean crush rose in March to the highest level on record for the third month of the year, while stocks of soybean oil fell to the lowest since November, according to National Oilseed Processors Association data released on Friday.
MARKET NEWS
Oil prices rose as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises as worries over edible oil supply linger
JAKARTA, April 18 (Reuters) - Malaysian palm oil futures rose on Monday tracking strength in other edible oils on China's Dalian exchange, supported by lingering concerns over tightening global supplies amid the Russia-Ukraine conflict.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 0.73%, to 6,366 ringgit ($1,500.35) a tonne during early trade.
The contract posted 9% weekly gain last week.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-15 fell between 14% and 23% from the same period in March, cargo surveyors said.
Italian confectionary giant Ferrero will stop sourcing palm oil from Sime Darby Plantation SIPL.KL after the U.S. customs service found the Malaysian planter used forced labour, in a reputational blow for the palm producer and Malaysia.
Dalian's most-active soyoil contract DBYv1 rose 0.13%, while its palm oil contract DCPv1 gained 1.85%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.87%.
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 6,548 ringgit a tonne, a break above could lead to a gain into 6,664-6,686 ringgit range, Wang Tao, Reuters technical analyst said.
MARKET NEWS
Oil prices rose as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
U.S. grains futures gained in early Asian trade, with corn hitting nearly a decade high, supported by tightening global supplies and a production outlook clouded by the Russia-Ukraine war.
By: via Malaysian Palm Oil Council Russia
JAKARTA, April 18 (Reuters) - Malaysian palm oil futures rose on Monday tracking strength in other edible oils on China's Dalian exchange, supported by lingering concerns over tightening global supplies amid the Russia-Ukraine conflict.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 0.73%, to 6,366 ringgit ($1,500.35) a tonne during early trade.
The contract posted 9% weekly gain last week.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-15 fell between 14% and 23% from the same period in March, cargo surveyors said.
Italian confectionary giant Ferrero will stop sourcing palm oil from Sime Darby Plantation SIPL.KL after the U.S. customs service found the Malaysian planter used forced labour, in a reputational blow for the palm producer and Malaysia.
Dalian's most-active soyoil contract DBYv1 rose 0.13%, while its palm oil contract DCPv1 gained 1.85%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.87%.
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 6,548 ringgit a tonne, a break above could lead to a gain into 6,664-6,686 ringgit range, Wang Tao, Reuters technical analyst said.
MARKET NEWS
Oil prices rose as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
U.S. grains futures gained in early Asian trade, with corn hitting nearly a decade high, supported by tightening global supplies and a production outlook clouded by the Russia-Ukraine war.
By: via Malaysian Palm Oil Council Russia
пятница, 15 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Розенблюм заявил, что США могут помочь Узбекистану заменить китайский хлопок
США хотят помочь переориентировать компании, которые раньше закупали хлопок и текстиль в Синьцзян-Уйгурском автономном районе (СУАР) Китая, на узбекский рынок. Об этом заявил посол США в Узбекистане Дэниел Розенблюм.
https://newshub.uz/archives/2192
By: via Malaysian Palm Oil Council Russia
США хотят помочь переориентировать компании, которые раньше закупали хлопок и текстиль в Синьцзян-Уйгурском автономном районе (СУАР) Китая, на узбекский рынок. Об этом заявил посол США в Узбекистане Дэниел Розенблюм.
https://newshub.uz/archives/2192
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set for second straight weekly jump on global supply fears
KUALA LUMPUR, April 15 (Reuters) - Malaysian palm oil futures extended gains on Friday, setting them on course for a second consecutive weekly jump, as concerns over tightening global edible oil supplies lingered in the wake of Russia's invasion of Ukraine.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 128 ringgit, or 2.04%, to 6,416 ringgit ($1,516.07) a tonne during early trade, its highest since March 14.
For the week, palm is up 8.4% so far.
FUNDAMENTALS
Italian confectionary giant Ferrero will stop sourcing palm oil from Sime Darby Plantation SIPL.KL after the U.S. customs service found the Malaysian planter used forced labour, in a reputational blow for the palm producer and for Malaysia.
Argentinian truckers agreed on Thursday night to call off a strike that paralysed soy and grains transport in the country since Monday, the transport ministry said.
Dalian's most-active soyoil contract DBYcv1 rose 0.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices settled higher on Thursday as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive U.S. policy tightening as other central banks around the world moved to reduce support.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 15 (Reuters) - Malaysian palm oil futures extended gains on Friday, setting them on course for a second consecutive weekly jump, as concerns over tightening global edible oil supplies lingered in the wake of Russia's invasion of Ukraine.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 128 ringgit, or 2.04%, to 6,416 ringgit ($1,516.07) a tonne during early trade, its highest since March 14.
For the week, palm is up 8.4% so far.
FUNDAMENTALS
Italian confectionary giant Ferrero will stop sourcing palm oil from Sime Darby Plantation SIPL.KL after the U.S. customs service found the Malaysian planter used forced labour, in a reputational blow for the palm producer and for Malaysia.
Argentinian truckers agreed on Thursday night to call off a strike that paralysed soy and grains transport in the country since Monday, the transport ministry said.
Dalian's most-active soyoil contract DBYcv1 rose 0.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices settled higher on Thursday as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
MARKET NEWS
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive U.S. policy tightening as other central banks around the world moved to reduce support.
By: via Malaysian Palm Oil Council Russia
четверг, 14 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm Oil Does Not Cause Cancer
https://mpoc.org.my/palm-oil-does-not-cause-cancer/
According to the World Health Organization (WHO), Malaysia recorded 48,639 new cancer cases in 2020 and the cancer incidence in Malaysia is expected to double by 2040. There was an 11 % increase in new cancer cases and nearly 30% more deaths from cancer reported in the 2012 - 2016 Malaysia National Cancer Registry Report [1] compared to the 2007 - 2011 report.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-does-not-cause-cancer/
According to the World Health Organization (WHO), Malaysia recorded 48,639 new cancer cases in 2020 and the cancer incidence in Malaysia is expected to double by 2040. There was an 11 % increase in new cancer cases and nearly 30% more deaths from cancer reported in the 2012 - 2016 Malaysia National Cancer Registry Report [1] compared to the 2007 - 2011 report.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia -1-15 Apr vs. 1-15 Mar palm oil export (in mt) *Estimate only*
*Amspec*: 447k vs 567k (-120k or down 21.16%)
*ITS*: 450,261 vs. 585,277 (-135,016 or down 23.07%)
By: via Malaysian Palm Oil Council Russia
*Amspec*: 447k vs 567k (-120k or down 21.16%)
*ITS*: 450,261 vs. 585,277 (-135,016 or down 23.07%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
В России назревает серьезный дефицит контейнеров - ключевого элементв для перевозок. Российский контейнерный рынок предвидит потерю 300–500 тыс. TEU емкостей, 37,5–66% парка, которые постепенно забирают, уходя из страны, их собственники — крупные международные линии. Эти контейнеры использовались в том числе и для внутрироссийских перевозок.
Собственным производством потери заместить невозможно, в России выпускается лишь 10 тыс. контейнеров в год, а для покупки в Китае потребуется до $1,4 млрд.
By: via Malaysian Palm Oil Council Russia
Собственным производством потери заместить невозможно, в России выпускается лишь 10 тыс. контейнеров в год, а для покупки в Китае потребуется до $1,4 млрд.
By: via Malaysian Palm Oil Council Russia
среда, 13 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago grains firm on lingering worries over global supplies
BEIJING, April 14 (Reuters) - U.S. wheat and corn futures rose further in early Asian trading on Thursday, on worries over global supplies as the Russia-Ukraine war continued.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.6% at $11.28 a bushel.
CBOT corn Cv1 edged up 0.32% to $7.8-1/2 a bushel.
CBOT soybeans Sv1 rose 0.67% to $16.87-1/4 a bushel.
Talks to end a strike among grain-truck drivers in Argentina failed, raising a threat to corn and soy export during the key harvest season.
Dry weather in the U.S. Plains wheat belt continues to threaten the size and quality of the crop.
Worries over the global grains supplies linger as the war between Russia and Ukraine rages on.
China, the world's top soybean importer, brought in 6.35 million tonnes of the oilseed in March, down 18% on year.
MARKET NEWS
Asian shares tracked Wall Street higher, while U.S. Treasury yields steadied and dollar retreated, as latest U.S. data raised hopes that inflation may be close to peaking, though major central banks raised rates aggressively.
By: via Malaysian Palm Oil Council Russia
BEIJING, April 14 (Reuters) - U.S. wheat and corn futures rose further in early Asian trading on Thursday, on worries over global supplies as the Russia-Ukraine war continued.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.6% at $11.28 a bushel.
CBOT corn Cv1 edged up 0.32% to $7.8-1/2 a bushel.
CBOT soybeans Sv1 rose 0.67% to $16.87-1/4 a bushel.
Talks to end a strike among grain-truck drivers in Argentina failed, raising a threat to corn and soy export during the key harvest season.
Dry weather in the U.S. Plains wheat belt continues to threaten the size and quality of the crop.
Worries over the global grains supplies linger as the war between Russia and Ukraine rages on.
China, the world's top soybean importer, brought in 6.35 million tonnes of the oilseed in March, down 18% on year.
MARKET NEWS
Asian shares tracked Wall Street higher, while U.S. Treasury yields steadied and dollar retreated, as latest U.S. data raised hopes that inflation may be close to peaking, though major central banks raised rates aggressively.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm gains 3% as Russia-Ukraine war prolongs global supply concerns
KUALA LUMPUR, April 14 (Reuters) - Malaysian palm oil futures jumped 3% early Thursday, tracking strength in global vegetable oil prices supported by lingering tight supply outlook as the Russia-Ukraine war rages on.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 151 ringgit, or 2.46%, to 6,286 ringgit ($1,488.16) a tonne during early trade, rising for a fourth session in five.
FUNDAMENTALS
Argentine grain-truck drivers, industry groups and government officials failed to make a breakthrough in talks on Wednesday to end a strike, raising a threat to corn and soy exports during the key harvest season.
Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.7%, extending a 3.5% overnight gain. Dalian's most-active soyoil contract DBYcv1 rose 1.5%, while its palm oil contract DCPcv1 gained 3%.
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 6,326 ringgit a tonne, a break above could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street higher on Thursday, while U.S. Treasury yields steadied and dollar retreated, as latest U.S. data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively.
Oil futures were down slightly, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 14 (Reuters) - Malaysian palm oil futures jumped 3% early Thursday, tracking strength in global vegetable oil prices supported by lingering tight supply outlook as the Russia-Ukraine war rages on.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 151 ringgit, or 2.46%, to 6,286 ringgit ($1,488.16) a tonne during early trade, rising for a fourth session in five.
FUNDAMENTALS
Argentine grain-truck drivers, industry groups and government officials failed to make a breakthrough in talks on Wednesday to end a strike, raising a threat to corn and soy exports during the key harvest season.
Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.7%, extending a 3.5% overnight gain. Dalian's most-active soyoil contract DBYcv1 rose 1.5%, while its palm oil contract DCPcv1 gained 3%.
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 6,326 ringgit a tonne, a break above could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street higher on Thursday, while U.S. Treasury yields steadied and dollar retreated, as latest U.S. data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively.
Oil futures were down slightly, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.
By: via Malaysian Palm Oil Council Russia
вторник, 12 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. wheat futures extend rally, corn retreats from 5-week peak
April 13 (Reuters) - U.S. wheat futures were firmer in early Asian trading on Wednesday, extending gains on persistent worries about Black Sea grain exports disrupted by the Russia-Ukraine conflict, while corn retreated from a five-week high.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.3% at $11.16 a bushel, as of 0039 GMT, trading near Tuesday's three-week high of $11.25.
CBOT corn Cv1 shed 0.4% to $7.73 a bushel, after rallying to as high as $7.79 in the previous session, its strongest since March 7.
CBOT soybeans Sv1 edged up 0.1% to $16.71-1/4 a bushel.
Wheat has also been supported by worries about the drought persisting in the U.S. Plains wheat belt.
India is heading for a record-large wheat harvest in 2022/23, aided by highly favourable weather conditions, according to the U.S. Department of Agriculture (USDA).
CBOT corn was buoyed on Tuesday by a plan by U.S. President Joe Biden's administration to raise demand for biofuels including corn-based ethanol, and worries about a slow start to U.S. planting.
Brazil's 2022/23 corn output is expected to top 118 million tonnes, according to the USDA.
Argentine truck owners extended a grains transport strike on Tuesday, bringing grains haulage traffic to a virtual halt at the peak of the harvest season in the world's leading exporter of processed soy and number two shipper of corn.
Egypt is considering adding wheat from India to 16 other national import origins accepted by its state grains buyer, as it seeks to shore up purchases disrupted by Russia's invasion of Ukraine.
Concerns about U.S. inflation lent support to commodities.
MARKET NEWS
Global equities reversed earlier gains on Tuesday, while U.S. Treasury yields slipped as data showing a jump in U.S. inflation was in line with expectations gave investors some relief.
By: via Malaysian Palm Oil Council Russia
April 13 (Reuters) - U.S. wheat futures were firmer in early Asian trading on Wednesday, extending gains on persistent worries about Black Sea grain exports disrupted by the Russia-Ukraine conflict, while corn retreated from a five-week high.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.3% at $11.16 a bushel, as of 0039 GMT, trading near Tuesday's three-week high of $11.25.
CBOT corn Cv1 shed 0.4% to $7.73 a bushel, after rallying to as high as $7.79 in the previous session, its strongest since March 7.
CBOT soybeans Sv1 edged up 0.1% to $16.71-1/4 a bushel.
Wheat has also been supported by worries about the drought persisting in the U.S. Plains wheat belt.
India is heading for a record-large wheat harvest in 2022/23, aided by highly favourable weather conditions, according to the U.S. Department of Agriculture (USDA).
CBOT corn was buoyed on Tuesday by a plan by U.S. President Joe Biden's administration to raise demand for biofuels including corn-based ethanol, and worries about a slow start to U.S. planting.
Brazil's 2022/23 corn output is expected to top 118 million tonnes, according to the USDA.
Argentine truck owners extended a grains transport strike on Tuesday, bringing grains haulage traffic to a virtual halt at the peak of the harvest season in the world's leading exporter of processed soy and number two shipper of corn.
Egypt is considering adding wheat from India to 16 other national import origins accepted by its state grains buyer, as it seeks to shore up purchases disrupted by Russia's invasion of Ukraine.
Concerns about U.S. inflation lent support to commodities.
MARKET NEWS
Global equities reversed earlier gains on Tuesday, while U.S. Treasury yields slipped as data showing a jump in U.S. inflation was in line with expectations gave investors some relief.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises for fourth day to near three-week peak
KUALA LUMPUR, April 13 (Reuters) - Malaysian palm oil futures rose for a fourth consecutive session on Wednesday, lingering near a three-week high, tracking strength in Dalian oils and crude futures.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 1.04%, to 6,243 ringgit ($1,476.76) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 20.7% from the same period in March, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Oil prices climbed on worries that sliding output in sanctions-hit Russia, the world's second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.01%.
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 6,326 ringgit a tonne, a break above which could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Wednesday, boosted by U.S. inflation figures that fared better than markets' worst expectations - and caused U.S. yields to pause their march higher - though Chinese shares remained pressured by COVID-19.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 13 (Reuters) - Malaysian palm oil futures rose for a fourth consecutive session on Wednesday, lingering near a three-week high, tracking strength in Dalian oils and crude futures.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 1.04%, to 6,243 ringgit ($1,476.76) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 20.7% from the same period in March, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Oil prices climbed on worries that sliding output in sanctions-hit Russia, the world's second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.01%.
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 6,326 ringgit a tonne, a break above which could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Wednesday, boosted by U.S. inflation figures that fared better than markets' worst expectations - and caused U.S. yields to pause their march higher - though Chinese shares remained pressured by COVID-19.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises for fourth day to near three-week peak
KUALA LUMPUR, April 13 (Reuters) - Malaysian palm oil futures rose for a fourth consecutive session on Wednesday, lingering near a three-week high, tracking strength in Dalian oils and crude futures.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 1.04%, to 6,243 ringgit ($1,476.76) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 20.7% from the same period in March, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Oil prices climbed on worries that sliding output in sanctions-hit Russia, the world's second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.01%.
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 6,326 ringgit a tonne, a break above which could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Wednesday, boosted by U.S. inflation figures that fared better than markets' worst expectations - and caused U.S. yields to pause their march higher - though Chinese shares remained pressured by COVID-19.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 13 (Reuters) - Malaysian palm oil futures rose for a fourth consecutive session on Wednesday, lingering near a three-week high, tracking strength in Dalian oils and crude futures.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 1.04%, to 6,243 ringgit ($1,476.76) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 20.7% from the same period in March, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Oil prices climbed on worries that sliding output in sanctions-hit Russia, the world's second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end.
Stronger crude makes palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.01%.
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 6,326 ringgit a tonne, a break above which could lead to a gain into 6,454-6,548 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Wednesday, boosted by U.S. inflation figures that fared better than markets' worst expectations - and caused U.S. yields to pause their march higher - though Chinese shares remained pressured by COVID-19.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Analysts positive on plantation sector after palm oil inventories fell to one-year low in March
https://mpoc.org.my/analysts-positive-on-plantation-sector-after-palm-oil-inventories-fell-to-one-year-low-in-march/
KUALA LUMPUR (April 12): Public Investment Bank Bhd (PIVB) has maintained its “overweight” rating of the plantation sector with a full-year crude palm oil (CPO) price forecast of RM4,300 per tonne. PIVB analyst Chong Hoe Leong said the rating was made after Malaysia’s March 2022 palm oil inventories fell more than expected and touched their […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/analysts-positive-on-plantation-sector-after-palm-oil-inventories-fell-to-one-year-low-in-march/
KUALA LUMPUR (April 12): Public Investment Bank Bhd (PIVB) has maintained its “overweight” rating of the plantation sector with a full-year crude palm oil (CPO) price forecast of RM4,300 per tonne. PIVB analyst Chong Hoe Leong said the rating was made after Malaysia’s March 2022 palm oil inventories fell more than expected and touched their […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia’s end-March palm oil stocks hit one-year low as demand jumps
Malaysia’s palm oil inventories at the end of March shrank for a fifth consecutive month as a larger-than-expected rise in exports and plunge in imports outweighed strong production growth, Malaysian Palm Oil Board (MPOB) data showed on Monday. Stockpiles in the world’s second-largest producer fell 2.99% from February to 1.47 million tonnes, the lowest since March 2021, according to MPOB data.
By: via Malaysian Palm Oil Council Russia
Malaysia’s palm oil inventories at the end of March shrank for a fifth consecutive month as a larger-than-expected rise in exports and plunge in imports outweighed strong production growth, Malaysian Palm Oil Board (MPOB) data showed on Monday. Stockpiles in the world’s second-largest producer fell 2.99% from February to 1.47 million tonnes, the lowest since March 2021, according to MPOB data.
By: via Malaysian Palm Oil Council Russia
понедельник, 11 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago futures firm on global supply, U.S. weather concerns
April 12 (Reuters) - U.S. grains futures rose in early Asian trade on Tuesday, with corn trading near a five-week high and wheat hovering near a two-week peak, supported by concerns over the Russia-Ukraine conflict that continues to disrupt Black Sea shipments.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.5% at $7.68 a bushel, as of 0111 GMT, near a five-week high hit in the previous session.
CBOT soybeans Sv1 climbed 0.4% to $16.61-1/2 a bushel.
CBOT wheat Wv1 was up 0.2% at $10.91-1/2 a bushel, near Monday's two-week high of $10.96-7/8.
The U.S. Department of Agriculture on Monday rated 32% of U.S. winter wheat in good to excellent condition, up two percentage points from a week ago and above an average of analyst expectations.
Still, the USDA's latest ratings for winter wheat crop are among the poorest on record for this time of year as drought persisted in the Plains wheat belt.
Bumper harvests and overflowing grain bins will help India to meet wheat import needs of the world's top buyers, a top government official said.
The USDA confirmed private sales of 680,000 tonnes of U.S. corn to China for shipment in the 2021/22 marketing year and 340,000 tonnes for shipment in 2022/23.
Corn, being the main U.S. feed stock for ethanol fuel, sometimes follows crude oil
Oil futures rose on Tuesday as the potential for more sanctions on Russia's energy sector weighed on sentiment along with an OPEC warning that it would be impossible to increase output enough to offset lost supply.
MARKET NEWS
Global stock markets fell on Monday, pulled lower by technology shares in Europe and on Wall Street, as U.S. Treasury yields jumped ahead of inflation data that could prompt the Federal Reserve to tighten policy enough to slow a rebounding economy.
By: via Malaysian Palm Oil Council Russia
April 12 (Reuters) - U.S. grains futures rose in early Asian trade on Tuesday, with corn trading near a five-week high and wheat hovering near a two-week peak, supported by concerns over the Russia-Ukraine conflict that continues to disrupt Black Sea shipments.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.5% at $7.68 a bushel, as of 0111 GMT, near a five-week high hit in the previous session.
CBOT soybeans Sv1 climbed 0.4% to $16.61-1/2 a bushel.
CBOT wheat Wv1 was up 0.2% at $10.91-1/2 a bushel, near Monday's two-week high of $10.96-7/8.
The U.S. Department of Agriculture on Monday rated 32% of U.S. winter wheat in good to excellent condition, up two percentage points from a week ago and above an average of analyst expectations.
Still, the USDA's latest ratings for winter wheat crop are among the poorest on record for this time of year as drought persisted in the Plains wheat belt.
Bumper harvests and overflowing grain bins will help India to meet wheat import needs of the world's top buyers, a top government official said.
The USDA confirmed private sales of 680,000 tonnes of U.S. corn to China for shipment in the 2021/22 marketing year and 340,000 tonnes for shipment in 2022/23.
Corn, being the main U.S. feed stock for ethanol fuel, sometimes follows crude oil
Oil futures rose on Tuesday as the potential for more sanctions on Russia's energy sector weighed on sentiment along with an OPEC warning that it would be impossible to increase output enough to offset lost supply.
MARKET NEWS
Global stock markets fell on Monday, pulled lower by technology shares in Europe and on Wall Street, as U.S. Treasury yields jumped ahead of inflation data that could prompt the Federal Reserve to tighten policy enough to slow a rebounding economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil extends gains as March inventories hit one-year low
KUALA LUMPUR, April 12 (Reuters) - Malaysian palm oil futures rose for a third straight session on Tuesday, hitting a three-week peak, as tighter March inventories outweighed this month's lean exports.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 123 ringgit, or 2.05%, to 6,128 ringgit ($1,447.50) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Malaysia's palm oil inventories at end-March shrank to their lowest in a year, as a larger-than-expected rise in exports and plunge in imports erased strong production growth, Malaysian Palm Oil Board (MPOB) data showed on Monday.
Exports for April 1-10 fell 26.8% from the same week in the prior month, according to independent inspection company AmSpec Agri Malaysia on Monday.
Oil futures rose early as the market weighed the potential for more sanctions on Russia's energy sector and OPEC warned it would be impossible to increase output enough to offset lost supply.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil may test a resistance at 6,104 ringgit a tonne, a break above could lead to a gain into the 6,188-6,326 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three-year high ahead of U.S. inflation data, which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 12 (Reuters) - Malaysian palm oil futures rose for a third straight session on Tuesday, hitting a three-week peak, as tighter March inventories outweighed this month's lean exports.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 123 ringgit, or 2.05%, to 6,128 ringgit ($1,447.50) a tonne during early trade, its highest since March 24.
FUNDAMENTALS
Malaysia's palm oil inventories at end-March shrank to their lowest in a year, as a larger-than-expected rise in exports and plunge in imports erased strong production growth, Malaysian Palm Oil Board (MPOB) data showed on Monday.
Exports for April 1-10 fell 26.8% from the same week in the prior month, according to independent inspection company AmSpec Agri Malaysia on Monday.
Oil futures rose early as the market weighed the potential for more sanctions on Russia's energy sector and OPEC warned it would be impossible to increase output enough to offset lost supply.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 2.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil may test a resistance at 6,104 ringgit a tonne, a break above could lead to a gain into the 6,188-6,326 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three-year high ahead of U.S. inflation data, which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
How Much Saturated Fats Can I Consume?
https://mpoc.org.my/how-much-saturated-fats-can-i-consume/
According to World Health Organisation (WHO), it is recommended to consume around 10% or less of total energy intake every day for saturated fat.
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/how-much-saturated-fats-can-i-consume/
According to World Health Organisation (WHO), it is recommended to consume around 10% or less of total energy intake every day for saturated fat.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO stocks declined, output rose in March — MPOB | The Edge Markets
https://www.theedgemarkets.com/article/cpo-stocks-declined-output-rose-march-%E2%80%94-mpob
By: via Malaysian Palm Oil Council Russia
https://www.theedgemarkets.com/article/cpo-stocks-declined-output-rose-march-%E2%80%94-mpob
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Impact of Global Prices on Indian Vegoils Imports
https://mpoc.org.my/impact-of-global-prices-on-indian-vegoils-imports/
To cater to the consumption demands of edible oil, India is constrained to import. Two thirds of the demand is met by imports. Palm oil accounts for around 60-65% of the total imports. Though India’s edible oil imports fell and domestic availability increased during the financial year 2020-21, the import bill also went up due […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/impact-of-global-prices-on-indian-vegoils-imports/
To cater to the consumption demands of edible oil, India is constrained to import. Two thirds of the demand is met by imports. Palm oil accounts for around 60-65% of the total imports. Though India’s edible oil imports fell and domestic availability increased during the financial year 2020-21, the import bill also went up due […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
The Russia-Ukraine War Impact on Egypt’s Food Supply; Emphasis on Oils and Fats
https://mpoc.org.my/the-russia-ukraine-war-impact-on-egypts-food-supply-emphasis-on-oils-and-fats/
1. Economic effects of the Russia-Ukraine war on Egypt Though the risk to Egypt’s economy is severe, the country is in a much stronger financial position. In the first half of the fiscal year 2021-22, Egypt’s economy grew by 9% and growth is projected to exceed 6% for the entire fiscal year ending June 30, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/the-russia-ukraine-war-impact-on-egypts-food-supply-emphasis-on-oils-and-fats/
1. Economic effects of the Russia-Ukraine war on Egypt Though the risk to Egypt’s economy is severe, the country is in a much stronger financial position. In the first half of the fiscal year 2021-22, Egypt’s economy grew by 9% and growth is projected to exceed 6% for the entire fiscal year ending June 30, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Russia-Ukraine Conflict and its Impact on the Regional Edible Oil Market
https://mpoc.org.my/russia-ukraine-conflict-and-its-impact-on-the-regional-edible-oil-market/
“I saw that you could not separate the idea of commerce from the idea of war and peace. You could not have a serious war anywhere in the world and expect commerce to go on as before. And I saw that wars were often caused by economic rivalry. I thereupon came to believe that if […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/russia-ukraine-conflict-and-its-impact-on-the-regional-edible-oil-market/
“I saw that you could not separate the idea of commerce from the idea of war and peace. You could not have a serious war anywhere in the world and expect commerce to go on as before. And I saw that wars were often caused by economic rivalry. I thereupon came to believe that if […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 10 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
*MAR 2022 MPOB DATA*
OPENING STOCK : 1,518,238mt
PROD : 1,411,215mt (+273,755mt,+24.07%)
IMPORT : 84,871mt (-64,922mt,-43.34%)
EXPORT : 1,265,379mt (+156,803mt,+14.14%)
LCL DISP : 276,135mt (+64,545mt,+30.50%)
END STOCK : 1,472,810mt (-45,428mt,-2.99%)
-------------------------------------------------------------
CIMB Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.34m vs 1.14m (+17.9%)
Impt 100k vs 150k
Expt 1.17m vs 1.10m (+6.9%)
LDsp 225k vs 222k
Stks 1.56m vs 1.52m (+2.8%)
Reuters Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.32m vs 1.14m (+16.4%)
impt 117k vs 150k
Expt 1.17m vs 1.10m (+6.3%)
LDsp 266k vs 222k
Stks 1.53m vs 1.52m (+0.51%)
Bloomberg Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.34m vs 1.13m (+17.5%)
Impt 100k vs 149k
Expt 1.20m vs 1.09m (+9.1%)
LDsp 180k-300k vs 222k
Stks 1.49m vs 1.52m (-2%)
By: via Malaysian Palm Oil Council Russia
OPENING STOCK : 1,518,238mt
PROD : 1,411,215mt (+273,755mt,+24.07%)
IMPORT : 84,871mt (-64,922mt,-43.34%)
EXPORT : 1,265,379mt (+156,803mt,+14.14%)
LCL DISP : 276,135mt (+64,545mt,+30.50%)
END STOCK : 1,472,810mt (-45,428mt,-2.99%)
-------------------------------------------------------------
CIMB Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.34m vs 1.14m (+17.9%)
Impt 100k vs 150k
Expt 1.17m vs 1.10m (+6.9%)
LDsp 225k vs 222k
Stks 1.56m vs 1.52m (+2.8%)
Reuters Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.32m vs 1.14m (+16.4%)
impt 117k vs 150k
Expt 1.17m vs 1.10m (+6.3%)
LDsp 266k vs 222k
Stks 1.53m vs 1.52m (+0.51%)
Bloomberg Poll Mar'22 vs Feb'22 MPOB:
Prodn 1.34m vs 1.13m (+17.5%)
Impt 100k vs 149k
Expt 1.20m vs 1.09m (+9.1%)
LDsp 180k-300k vs 222k
Stks 1.49m vs 1.52m (-2%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia 1-10 Apr 2022 vs 1-10 Mar 2022 exports (in mt)
*AmSpec*: 271,201 vs 370,492 (-99,291 or -26.80%)
*ITS*: 278,621 vs 374,422 (-95,801 or -25.59%)
By: via Malaysian Palm Oil Council Russia
*AmSpec*: 271,201 vs 370,492 (-99,291 or -26.80%)
*ITS*: 278,621 vs 374,422 (-95,801 or -25.59%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm extends gains ahead of key March data
KUALA LUMPUR, April 11 (Reuters) - Malaysian palm oil futures rose on Monday ahead of official March supply-demand data, extending gains as a forecast of tighter supplies for rival soyoil underpinned the market.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 71 ringgit, or 1.2%, to 5,992 ringgit ($1,417.89) a tonne in early trade.
Lat week, palm had gained 6.4%.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 25.6% to 278,621 tonnes from the same week in March, cargo surveyor Intertek Testing Services said on Sunday.
Oil prices slipped $2 a barrel in early Asian trading, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Chicago Board of Trade soybean futures climbed on Friday after the U.S. Department of Agriculture lowered its forecast for South American production and also cut its estimate for U.S. stocks.
Soyoil prices on the Chicago exchange BOcv1 retreated 1% following a near 3% rise on Friday. Dalian's most-active soyoil contract DBYcv1 gained 0.4%, while its palm oil contract DCPcv1 rose 0.3%.
Palm oil is biased to break a resistance at 5,966 ringgit tonne and edge up to the next resistance at 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slipped on Monday ahead of a week packed with central bank meetings and U.S. inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 11 (Reuters) - Malaysian palm oil futures rose on Monday ahead of official March supply-demand data, extending gains as a forecast of tighter supplies for rival soyoil underpinned the market.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 71 ringgit, or 1.2%, to 5,992 ringgit ($1,417.89) a tonne in early trade.
Lat week, palm had gained 6.4%.
FUNDAMENTALS
Exports of Malaysian palm oil products for April 1-10 fell 25.6% to 278,621 tonnes from the same week in March, cargo surveyor Intertek Testing Services said on Sunday.
Oil prices slipped $2 a barrel in early Asian trading, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Chicago Board of Trade soybean futures climbed on Friday after the U.S. Department of Agriculture lowered its forecast for South American production and also cut its estimate for U.S. stocks.
Soyoil prices on the Chicago exchange BOcv1 retreated 1% following a near 3% rise on Friday. Dalian's most-active soyoil contract DBYcv1 gained 0.4%, while its palm oil contract DCPcv1 rose 0.3%.
Palm oil is biased to break a resistance at 5,966 ringgit tonne and edge up to the next resistance at 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slipped on Monday ahead of a week packed with central bank meetings and U.S. inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Нет в сельском хозяйстве компонента, который бы не зависел от импортных составляющих, а это 50-70% в производстве и переработке молока — семена, удобрения, средства защиты растений, запчасти для техники и так далее.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
пятница, 8 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Russia without water
All Russian waters have been added to the list of high military risk areas, which dramatically increases the cost of insuring ships operating in them. The decision was made by the Joint War Committee (JWC), which includes syndicate members from the Lloyd's Market Association (LMA) and representatives of the London insurance market. It directly affects underwriters' considerations for premiums.
Back in mid-February, the JWC included the Russian and Ukrainian waters of the Black and Azov Seas in the list of potential military zones, and in March expanded it to the entire Black and Azov Sea. The latest decision includes the entire territory of the Russian Federation in the list of zones where the risks of military, piracy and terrorist threats are high.
Now shipowners planning voyages to Russian ports must notify ship hull insurers of this. At the same time, the insurer may completely refuse to insure the flight or increase the price of insurance coverage, up to + 7% of the value of the vessel for a weekly flight. Sources reported paying up to $500,000 in additional war risk premium for a single Black Sea cargo.
There will be an increase in logistical pressure on Russia, foreign trade for it will become even more difficult. The country relies on its Baltic and Black Sea ports for oil and grain exports, which generate significant foreign exchange earnings. Other terminals, such as Kozmino in Asia, are essential for Russian exports to the region.
It is already difficult to find ship owners willing to call at any Russian ports because of the high risks. The Iron Curtain is getting heavier. His keys were lost.
By: via Malaysian Palm Oil Council Russia
All Russian waters have been added to the list of high military risk areas, which dramatically increases the cost of insuring ships operating in them. The decision was made by the Joint War Committee (JWC), which includes syndicate members from the Lloyd's Market Association (LMA) and representatives of the London insurance market. It directly affects underwriters' considerations for premiums.
Back in mid-February, the JWC included the Russian and Ukrainian waters of the Black and Azov Seas in the list of potential military zones, and in March expanded it to the entire Black and Azov Sea. The latest decision includes the entire territory of the Russian Federation in the list of zones where the risks of military, piracy and terrorist threats are high.
Now shipowners planning voyages to Russian ports must notify ship hull insurers of this. At the same time, the insurer may completely refuse to insure the flight or increase the price of insurance coverage, up to + 7% of the value of the vessel for a weekly flight. Sources reported paying up to $500,000 in additional war risk premium for a single Black Sea cargo.
There will be an increase in logistical pressure on Russia, foreign trade for it will become even more difficult. The country relies on its Baltic and Black Sea ports for oil and grain exports, which generate significant foreign exchange earnings. Other terminals, such as Kozmino in Asia, are essential for Russian exports to the region.
It is already difficult to find ship owners willing to call at any Russian ports because of the high risks. The Iron Curtain is getting heavier. His keys were lost.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Orangutan in the Board: A step further towards Board Diversity
https://www.rupanjanade.com/post/orangutan-in-the-board-a-step-further-towards-board-diversity
By: via Malaysian Palm Oil Council Russia
https://www.rupanjanade.com/post/orangutan-in-the-board-a-step-further-towards-board-diversity
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil company appoints orangutan to board of directors in diversity world first | News | Eco-Business | Asia Pacific
https://www.eco-business.com/news/palm-oil-company-appoints-orangutan-to-board-of-directors-in-diversity-world-first/#:~:text=Sabah%2Dbased%20grower%20Mun%20Kee,expanding%20plantations%20within%20its%20concession.
By: via Malaysian Palm Oil Council Russia
https://www.eco-business.com/news/palm-oil-company-appoints-orangutan-to-board-of-directors-in-diversity-world-first/#:~:text=Sabah%2Dbased%20grower%20Mun%20Kee,expanding%20plantations%20within%20its%20concession.
By: via Malaysian Palm Oil Council Russia
четверг, 7 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
Vegetable Glycerine
https://mpoc.org.my/vegetable-glycerine/
Plant-based product that typically comes from soy, palm, and coconut oils - SUITABLE FOR VEGAN
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/vegetable-glycerine/
Plant-based product that typically comes from soy, palm, and coconut oils - SUITABLE FOR VEGAN
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks overnight gains in Chicago soyoil, set for weekly rise
KUALA LUMPUR, April 8 (Reuters) - Malaysian palm oil futures climbed on Friday and were set for a weekly rise, tracking overnight gains in Chicago soyoil, while an industry estimate of a bigger-than-expected increase in March production capped the advance.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 49 ringgit, or 0.84%, to 5,876 ringgit ($1,392.42) a tonne in early trade.
For the week, the contract has gained 5.6%.
FUNDAMENTALS
The Malaysian Palm Oil Association on Thursday forecast a 19% monthly rise in March production to 1.35 million tonnes, according to traders. That is higher than a Reuters' poll pegging a 16% rise.
Traders are now awaiting official data from the Malaysian Palm Oil Board due on Monday.
Chicago Board of Trade soybean futures firmed on Thursday, supported by downgraded South American production and steady U.S. exports.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2% after a 1.7% overnight gain. Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 fell 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,744 ringgit to 5,966 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks headed for a weekly loss as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds fell and the dollar looked set for its best week in a month.
Oil prices inched up but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 8 (Reuters) - Malaysian palm oil futures climbed on Friday and were set for a weekly rise, tracking overnight gains in Chicago soyoil, while an industry estimate of a bigger-than-expected increase in March production capped the advance.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 49 ringgit, or 0.84%, to 5,876 ringgit ($1,392.42) a tonne in early trade.
For the week, the contract has gained 5.6%.
FUNDAMENTALS
The Malaysian Palm Oil Association on Thursday forecast a 19% monthly rise in March production to 1.35 million tonnes, according to traders. That is higher than a Reuters' poll pegging a 16% rise.
Traders are now awaiting official data from the Malaysian Palm Oil Board due on Monday.
Chicago Board of Trade soybean futures firmed on Thursday, supported by downgraded South American production and steady U.S. exports.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2% after a 1.7% overnight gain. Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 fell 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,744 ringgit to 5,966 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks headed for a weekly loss as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds fell and the dollar looked set for its best week in a month.
Oil prices inched up but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.
By: via Malaysian Palm Oil Council Russia
среда, 6 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil ease on weak crude prices; output forecasts in focus
KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures eased on Thursday, dragged by an overnight plunge in crude prices, with traders awaiting industry estimates on March production to assess end-month stocks.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 26 ringgit, or 0.44%, to 5,886 ringgit ($1,395.61) a tonne during early trade, down for a second consecutive session.
FUNDAMENTALS
A Reuters poll on Monday forecast March production to rise 16.4% from the month before to 1.32 million tonnes, but it would be offset by stronger exports. End-month stocks were seen 0.5% higher at 1.53 million tonnes.
A larger rise in production would further build up stock levels, pressuring prices.
Oil prices clawed back some losses after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.3%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil may fall into a range of 5,606 ringgit to 5,744 ringgit per tonne, as it could have completed a bounce from the April 1 low of 5,477 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares retreated in line with a global selloff, as markets were spooked by more aggressive noises from U.S. policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures eased on Thursday, dragged by an overnight plunge in crude prices, with traders awaiting industry estimates on March production to assess end-month stocks.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 26 ringgit, or 0.44%, to 5,886 ringgit ($1,395.61) a tonne during early trade, down for a second consecutive session.
FUNDAMENTALS
A Reuters poll on Monday forecast March production to rise 16.4% from the month before to 1.32 million tonnes, but it would be offset by stronger exports. End-month stocks were seen 0.5% higher at 1.53 million tonnes.
A larger rise in production would further build up stock levels, pressuring prices.
Oil prices clawed back some losses after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.3%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil may fall into a range of 5,606 ringgit to 5,744 ringgit per tonne, as it could have completed a bounce from the April 1 low of 5,477 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares retreated in line with a global selloff, as markets were spooked by more aggressive noises from U.S. policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Edible Oil Gets 24/7 Police Scrutiny in Indonesia (Correct)
By Rieka Rahadiana
(Bloomberg) -- Indonesia’s police will be deployed for a 24-hour surveillance of cooking oil production and distribution as rising food prices become a key political issue in the country.
The task force made up of police officers, intelligence agents and government employees will make sure companies are producing bulk cooking oil as targeted and selling it for below the 14,000 rupiah (98 cents) a liter price cap, said Police Chief Listyo Sigit Wibowo.
Inflation Clouds Indonesia’s Post-Lockdown Ramadan Festivities
“Our findings on the ground show that cooking oil is not yet available in all markets and we need to take further measures,” Wibowo told reporters on Monday, after meeting with Industry Minister Agus Gumiwang Kartasasmita.
The government has struggled to fulfill demand for edible oil in Indonesia, despite the country being the world’s biggest palm oil producer. Surging prices of cooking oil have helped push inflation to accelerate to a two-year high in March, prompting President Joko Widodo to announce cash aid to lower-income families and small businesses that need edible oil to operate.
By: via Malaysian Palm Oil Council Russia
By Rieka Rahadiana
(Bloomberg) -- Indonesia’s police will be deployed for a 24-hour surveillance of cooking oil production and distribution as rising food prices become a key political issue in the country.
The task force made up of police officers, intelligence agents and government employees will make sure companies are producing bulk cooking oil as targeted and selling it for below the 14,000 rupiah (98 cents) a liter price cap, said Police Chief Listyo Sigit Wibowo.
Inflation Clouds Indonesia’s Post-Lockdown Ramadan Festivities
“Our findings on the ground show that cooking oil is not yet available in all markets and we need to take further measures,” Wibowo told reporters on Monday, after meeting with Industry Minister Agus Gumiwang Kartasasmita.
The government has struggled to fulfill demand for edible oil in Indonesia, despite the country being the world’s biggest palm oil producer. Surging prices of cooking oil have helped push inflation to accelerate to a two-year high in March, prompting President Joko Widodo to announce cash aid to lower-income families and small businesses that need edible oil to operate.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
WSJ: новые санкции ЕС предусматривают закрытие границ для российских грузоперевозчиков — Meduza
https://meduza.io/news/2022/04/05/wsj-novye-sanktsii-es-predusmatrivayut-zakrytie-granits-dlya-rossiyskih-gruzoperevozchikov
By: via Malaysian Palm Oil Council Russia
https://meduza.io/news/2022/04/05/wsj-novye-sanktsii-es-predusmatrivayut-zakrytie-granits-dlya-rossiyskih-gruzoperevozchikov
By: via Malaysian Palm Oil Council Russia
вторник, 5 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks lower crude prices, supply worries limit losses
KUALA LUMPUR, April 6 (Reuters) - Malaysian palm oil futures eased on Tuesday after a two-day climb, as crude prices fell, although the losses were limited by supply worries around global commodities amid fears of new sanctions on Russia.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange fell 33 ringgit, or 0.56%, to 5,882 ringgit ($1,394.50) during early trade.
FUNDAMENTALS
Oil futures extended losses from the previous day, as data showed a build in U.S. crude stocks and Shanghai's extended lockdown fuelled fears of slower demand, making palm a less attractive option for biodiesel feedstock.
The United States and its allies on Wednesday will impose new sanctions on Russian banks and officials and ban new investment in Russia, the White House said, after officials in Washington and Kyiv accused Moscow of committing war crimes in the Ukrainian town of Bucha.
President Vladimir Putin said on Tuesday Russia must keep a close eye on its food exports to hostile countries because the West's sanctions had fomented a global food crisis and spiralling energy prices.
Dalian's most-active soyoil contract DBYcv1 rose 2.7% while its palm oil contract DCPcv1 gained 2.6% after a two-day closure. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
The ringgit MYR=, palm's currency of trade, fell 0.23% against the dollar, making the edible oil cheaper for holders of foreign currency.
Palm oil may test a resistance at 5,966 ringgit per tonne, a break above may lead to a gain to 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets slipped as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 6 (Reuters) - Malaysian palm oil futures eased on Tuesday after a two-day climb, as crude prices fell, although the losses were limited by supply worries around global commodities amid fears of new sanctions on Russia.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange fell 33 ringgit, or 0.56%, to 5,882 ringgit ($1,394.50) during early trade.
FUNDAMENTALS
Oil futures extended losses from the previous day, as data showed a build in U.S. crude stocks and Shanghai's extended lockdown fuelled fears of slower demand, making palm a less attractive option for biodiesel feedstock.
The United States and its allies on Wednesday will impose new sanctions on Russian banks and officials and ban new investment in Russia, the White House said, after officials in Washington and Kyiv accused Moscow of committing war crimes in the Ukrainian town of Bucha.
President Vladimir Putin said on Tuesday Russia must keep a close eye on its food exports to hostile countries because the West's sanctions had fomented a global food crisis and spiralling energy prices.
Dalian's most-active soyoil contract DBYcv1 rose 2.7% while its palm oil contract DCPcv1 gained 2.6% after a two-day closure. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
The ringgit MYR=, palm's currency of trade, fell 0.23% against the dollar, making the edible oil cheaper for holders of foreign currency.
Palm oil may test a resistance at 5,966 ringgit per tonne, a break above may lead to a gain to 6,104 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets slipped as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia end-March palm oil stocks tick up as output, exports rise
https://mpoc.org.my/malaysia-end-march-palm-oil-stocks-tick-up-as-output-exports-rise/
KUALA LUMPUR (April 4): Malaysia’s palm oil stockpile is pegged to tick up at the end of March, as a rise in exports and plummeting imports offset growing production, a Reuters survey showed on Monday. Inventories in the world’s second-largest producer are forecast to rise 0.51% from February to 1.53 million tonnes, rising for the first time […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysia-end-march-palm-oil-stocks-tick-up-as-output-exports-rise/
KUALA LUMPUR (April 4): Malaysia’s palm oil stockpile is pegged to tick up at the end of March, as a rise in exports and plummeting imports offset growing production, a Reuters survey showed on Monday. Inventories in the world’s second-largest producer are forecast to rise 0.51% from February to 1.53 million tonnes, rising for the first time […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Sub-Saharan Africa: Oils & Fats Situation 2021 & 2022 Forecast
https://mpoc.org.my/sub-saharan-africa-oils-fats-situation-2021-2022-forecast/
Overview of oils and fats situation in SSA Sub-Saharan Africa is a commodity driven economy with agricultural products, minerals, natural gas, including automotive manufacturing, and financial services. With 1.14 billion population and continuous growth, this region is a net importer of oils and fats. In 2020, Sub-Saharan Africa produced 6 million MT of oils and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/sub-saharan-africa-oils-fats-situation-2021-2022-forecast/
Overview of oils and fats situation in SSA Sub-Saharan Africa is a commodity driven economy with agricultural products, minerals, natural gas, including automotive manufacturing, and financial services. With 1.14 billion population and continuous growth, this region is a net importer of oils and fats. In 2020, Sub-Saharan Africa produced 6 million MT of oils and […]
By: via Malaysian Palm Oil Council Russia
понедельник, 4 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm climbs over 2% on crude oil strength, tight stocks outlook
KUALA LUMPUR, April 5 (Reuters) - Malaysian palm oil futures rose more than 2% on Tuesday, lifted by strength in crude oil futures, and as surveys indicated tight end-March inventories in the world's second largest producer.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose 147 ringgit, or 2.58%, to 5,839 ringgit ($1,384.96) a tonne in early trade, extending gains to a second session.
FUNDAMENTALS
Oil futures rose as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions.
Stronger crude futures make palm a more attractive option for biodiesel feedstock.
Malaysia's production in March was seen expanding 16.4% month-on-month to a three-month peak of 1.32 million tonnes, a Reuters survey showed on Monday.
However, rising exports and lower imports likely offset production, keeping end-March inventories tight at 1.53 million tonnes - a 0.5% uptick from the previous month, according to the survey.
Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.4% after a 1.6% overnight gain. The Dalian exchange was closed for a public holiday.
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 gain more into a range of 5,855-5,966 ringgit per tonne, as suggested by a projection analysis, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks ticked up to their highest in more than a month supported by broad gains on Wall Street, while the euro was stuck near a one-week low against the dollar amid talk of more sanctions against Moscow.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 5 (Reuters) - Malaysian palm oil futures rose more than 2% on Tuesday, lifted by strength in crude oil futures, and as surveys indicated tight end-March inventories in the world's second largest producer.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose 147 ringgit, or 2.58%, to 5,839 ringgit ($1,384.96) a tonne in early trade, extending gains to a second session.
FUNDAMENTALS
Oil futures rose as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions.
Stronger crude futures make palm a more attractive option for biodiesel feedstock.
Malaysia's production in March was seen expanding 16.4% month-on-month to a three-month peak of 1.32 million tonnes, a Reuters survey showed on Monday.
However, rising exports and lower imports likely offset production, keeping end-March inventories tight at 1.53 million tonnes - a 0.5% uptick from the previous month, according to the survey.
Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.4% after a 1.6% overnight gain. The Dalian exchange was closed for a public holiday.
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 gain more into a range of 5,855-5,966 ringgit per tonne, as suggested by a projection analysis, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks ticked up to their highest in more than a month supported by broad gains on Wall Street, while the euro was stuck near a one-week low against the dollar amid talk of more sanctions against Moscow.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
ХЛЕБОПЕКАРНАЯ И КОНДИТЕРСКАЯ ПРОМЫШЛЕННОСТЬ 2022
https://sfm.events/hlebopekarnaya-i-konditerskaya
By: via Malaysian Palm Oil Council Russia
https://sfm.events/hlebopekarnaya-i-konditerskaya
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Приглашаю к участию в бизнес - сессии организованной нашими коллегами из ИД Сфера
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Europe may be forced to turn to Malaysian palm oil
https://mpoc.org.my/europe-may-be-forced-to-turn-to-malaysian-palm-oil/
A major energy and food crisis is unfolding as a result of the war in Ukraine. Russian President Vladimir Putin is forcing European nations to pay in rubles for Russian gas. And the European Union is worried about the acute shortage of sunflower and rapeseed oils that may cause a dent in the food industry. […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/europe-may-be-forced-to-turn-to-malaysian-palm-oil/
A major energy and food crisis is unfolding as a result of the war in Ukraine. Russian President Vladimir Putin is forcing European nations to pay in rubles for Russian gas. And the European Union is worried about the acute shortage of sunflower and rapeseed oils that may cause a dent in the food industry. […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 3 апреля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises after three-day slide, weaker crude weighs
KUALA LUMPUR, April 4 (Reuters) - Malaysian palm oil futures rose on Monday after declining for three straight sessions to hit a six-week low, as markets tracked rival Chicago soyoil's gains at the end of last week.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 125 ringgit, or 2.25%, to 5,691 ringgit ($1,349.54) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for March rose 7.2% to 1,331,400 tonnes from February, cargo surveyor Societe Generale de Surveillance said on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.1% after rising 1.8% in the previous session. The Dalian exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may break a support at 5,512 ringgit per tonne, and fall into 5,246-5,384 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
World share markets were mixed amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S. economy as short-term yields hit three-year highs.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 4 (Reuters) - Malaysian palm oil futures rose on Monday after declining for three straight sessions to hit a six-week low, as markets tracked rival Chicago soyoil's gains at the end of last week.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 125 ringgit, or 2.25%, to 5,691 ringgit ($1,349.54) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for March rose 7.2% to 1,331,400 tonnes from February, cargo surveyor Societe Generale de Surveillance said on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.1% after rising 1.8% in the previous session. The Dalian exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may break a support at 5,512 ringgit per tonne, and fall into 5,246-5,384 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
World share markets were mixed amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S. economy as short-term yields hit three-year highs.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises after three-day slide, weaker crude weighs
KUALA LUMPUR, April 4 (Reuters) - Malaysian palm oil futures rose on Monday after declining for three straight sessions to hit a six-week low, as markets tracked rival Chicago soyoil's gains at the end of last week.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 125 ringgit, or 2.25%, to 5,691 ringgit ($1,349.54) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for March rose 7.2% to 1,331,400 tonnes from February, cargo surveyor Societe Generale de Surveillance said on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.1% after rising 1.8% in the previous session. The Dalian exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may break a support at 5,512 ringgit per tonne, and fall into 5,246-5,384 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
World share markets were mixed amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S. economy as short-term yields hit three-year highs.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 4 (Reuters) - Malaysian palm oil futures rose on Monday after declining for three straight sessions to hit a six-week low, as markets tracked rival Chicago soyoil's gains at the end of last week.
The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 125 ringgit, or 2.25%, to 5,691 ringgit ($1,349.54) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for March rose 7.2% to 1,331,400 tonnes from February, cargo surveyor Societe Generale de Surveillance said on Friday.
Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.1% after rising 1.8% in the previous session. The Dalian exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may break a support at 5,512 ringgit per tonne, and fall into 5,246-5,384 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
World share markets were mixed amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S. economy as short-term yields hit three-year highs.
By: via Malaysian Palm Oil Council Russia
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