GRAINS-U.S. wheat falls on hopes of grain exports from Ukraine
BEIJING, May 31 (Reuters) - Chicago wheat futures on Tuesday fell, after Russian President Vladimir Putin expressed readiness to unlock grain cargoes blocked in Ukrainian ports.
Corn also ticked lower, while soybeans edged up.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 1.77% to $11.37 a bushel.
Corn Cv1 slipped 0.8% to $7.71 a bushel and soybeans Sv1 rose 0.23% $17.36-1/2 a bushel.
Putin said on Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in coordination with Turkey, according to a Kremlin readout of talks with President Tayyip Erdogan.
The remarks were made after Putin told leaders of Germany and France that Russia was willing to discuss ways to resume Ukrainian grain shipments over the weekend.
The winter wheat harvest in the Ukraine-controlled area is expected to reach 20.1 million tonnes in 2022, down from about 32.2 million tonnes for the overall wheat crop in 2021, Ukrainian state weather forecasters said on Monday.
India has received requests for the supply of more than 1.5 million tonnes of wheat from several countries that need the staple to overcome shortages triggered by the invasion of Ukraine by Russia, trade and government sources said on Monday.
Strategie Grains has raised its monthly forecast for this year's European Union sunflower seed harvest to 10.9 million tonnes from 10.7 million tonnes earlier, confirming its expectation for record production, the consultancy said in a report.
Commodity funds were net buyers of Chicago Board of Trade corn, wheat, soybean and soymeal futures contracts and net sellers of soyoil on Friday, traders said.
MARKET NEWS
World share markets rose on Monday and the dollar was anchored at five-week lows on bets of a possible slowdown in U.S. monetary tightening and after an easing of COVID-19 restrictions in China.
By: via Malaysian Palm Oil Council Russia
понедельник, 30 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises on sluggish outlook, stronger crude, rival oils
JAKARTA, May 31 (Reuters) - Palm oil futures in Malaysia clawed back on Tuesday after two days of losses, tracking crude oil and rival edible oil prices higher, while production in the world's second-largest producer is expected to remain sluggish.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange rose 1.83% to 6,346 ringgit ($1,450.85) per tonne during early trade.
FUNDAMENTALS
Oil prices rose on Tuesday after the European Union agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season.
Crude oil affects palm oil prices as the vegetable oil is often used as feedstock for biofuel.
The Malaysian Palm Oil Association is expecting about 52,000 migrant workers to arrive by the end of the year, but warned that it would be too little, too late for output to rebound in the country.
Indonesia has received its first requests for palm oil export permits following the lifting of a ban a week ago, a senior official said, signaling a calibrated resumption of shipments amid protracted delays.
Dalian's most-active soyoil contract DBYc1 gained 0.67% while its palm oil contract DCPc1 rose 0.77%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.71%.
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 6,423 ringgit per tonne, as it has stabilized around a support at 6,220 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.
By: via Malaysian Palm Oil Council Russia
JAKARTA, May 31 (Reuters) - Palm oil futures in Malaysia clawed back on Tuesday after two days of losses, tracking crude oil and rival edible oil prices higher, while production in the world's second-largest producer is expected to remain sluggish.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange rose 1.83% to 6,346 ringgit ($1,450.85) per tonne during early trade.
FUNDAMENTALS
Oil prices rose on Tuesday after the European Union agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season.
Crude oil affects palm oil prices as the vegetable oil is often used as feedstock for biofuel.
The Malaysian Palm Oil Association is expecting about 52,000 migrant workers to arrive by the end of the year, but warned that it would be too little, too late for output to rebound in the country.
Indonesia has received its first requests for palm oil export permits following the lifting of a ban a week ago, a senior official said, signaling a calibrated resumption of shipments amid protracted delays.
Dalian's most-active soyoil contract DBYc1 gained 0.67% while its palm oil contract DCPc1 rose 0.77%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.71%.
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 6,423 ringgit per tonne, as it has stabilized around a support at 6,220 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.
By: via Malaysian Palm Oil Council Russia
воскресенье, 29 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm eyes second day of loss amid Indonesian export woes
KUALA LUMPUR, May 30 (Reuters) - Malaysian palm oil futures on Monday were set to fall for a second day, as uncertainties around Indonesian export resumption persisted.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell 0.61% to 6,314 ringgit ($1,446.51) per tonne during early trade.
FUNDAMENTALS
Indonesia will allocate about 1 million tonnes of palm oil for export, a senior trade ministry official said on Friday. It was unclear for what period of time the allocation was for.
Leading edible oil analyst Dorab Mistry last week urged Indonesia to immediately resume exports of palm oil, warning that an extended halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.
Dalian's most-active soyoil contract DBYc1 traded 0.13% lower, while its palm oil contract DCPc1 rose 2.94%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
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 seek a support around 6,220 ringgit per tonne, as suggested by a retracement analysis, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks followed Wall Street higher on Monday, while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 30 (Reuters) - Malaysian palm oil futures on Monday were set to fall for a second day, as uncertainties around Indonesian export resumption persisted.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell 0.61% to 6,314 ringgit ($1,446.51) per tonne during early trade.
FUNDAMENTALS
Indonesia will allocate about 1 million tonnes of palm oil for export, a senior trade ministry official said on Friday. It was unclear for what period of time the allocation was for.
Leading edible oil analyst Dorab Mistry last week urged Indonesia to immediately resume exports of palm oil, warning that an extended halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.
Dalian's most-active soyoil contract DBYc1 traded 0.13% lower, while its palm oil contract DCPc1 rose 2.94%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
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 seek a support around 6,220 ringgit per tonne, as suggested by a retracement analysis, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks followed Wall Street higher on Monday, while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July.
By: via Malaysian Palm Oil Council Russia
пятница, 27 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
Rumor :
Indonesia govt meeting at 4pm (indonesia time)
1.2 mil mt permit to be issued. Dmo ratio changed to 1:6 instead of 1:3
By: via Malaysian Palm Oil Council Russia
Indonesia govt meeting at 4pm (indonesia time)
1.2 mil mt permit to be issued. Dmo ratio changed to 1:6 instead of 1:3
By: via Malaysian Palm Oil Council Russia
четверг, 26 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil hits 3-week high as Indonesian supply remains stuck
KUALA LUMPUR, May 27 (Reuters) - Malaysian palm oil futures hit a three-week high on Friday and were set for a weekly jump, with the market tracking a rally in Dalian palm olein amid tight supplies, as exports from Indonesia have not resumed.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 124 ringgit, or 1.90%, to 6,657 ringgit ($1,519.52) a tonne during early trade.
For the week, palm is set to surge 8.9%, snapping a three week loss.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-25 rose 23.9% to 1,112,175 tonnes from 897,683 tonnes shipped during Apr. 1-25, cargo surveyor Societe Generale de Surveillance said on Thursday.
Leading edible oil analyst Dorab Ministry on Thursday urged top producer Indonesia to immediately resume exports of palm oil, warning that an extended halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.
Dalian's most-active soyoil contract DBYcv1 rise 1.8%, while its palm oil contract DCPcv1 jumped 3.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
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 rise into a range of 6,713-6,731 ringgit per tonne, driven by a wave (c), Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 27 (Reuters) - Malaysian palm oil futures hit a three-week high on Friday and were set for a weekly jump, with the market tracking a rally in Dalian palm olein amid tight supplies, as exports from Indonesia have not resumed.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 124 ringgit, or 1.90%, to 6,657 ringgit ($1,519.52) a tonne during early trade.
For the week, palm is set to surge 8.9%, snapping a three week loss.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-25 rose 23.9% to 1,112,175 tonnes from 897,683 tonnes shipped during Apr. 1-25, cargo surveyor Societe Generale de Surveillance said on Thursday.
Leading edible oil analyst Dorab Ministry on Thursday urged top producer Indonesia to immediately resume exports of palm oil, warning that an extended halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.
Dalian's most-active soyoil contract DBYcv1 rise 1.8%, while its palm oil contract DCPcv1 jumped 3.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
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 rise into a range of 6,713-6,731 ringgit per tonne, driven by a wave (c), Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.
By: via Malaysian Palm Oil Council Russia
вторник, 24 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm inches up amid traders awaiting clarity on Indonesian policy
KUALA LUMPUR, May 25 (Reuters) - Malaysian palm oil futures ticked up on Wednesday, extending a three-session climb due to challenges over the resumption of Indonesian exports.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.05%, to 6,485 ringgit ($1,476.21) a tonne during early trade, after swinging between slight gains and losses earlier in the session.
FUNDAMENTALS
India has allowed duty-free imports of 2 million tonnes each of crude soyoil and crude sunflower oil for the current and the next fiscal year to March 2024, a government order said, as part of efforts to keep a lid on local prices.
Uncertainties over Indonesia's policy of obligatory domestic sales at a certain price level has hampered the resumption of exports, despite Jakarta lifting a three-week ban on shipments effective Monday.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
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 6,560 ringgit per tonne, a break could lead to a gain to 6,713 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 25 (Reuters) - Malaysian palm oil futures ticked up on Wednesday, extending a three-session climb due to challenges over the resumption of Indonesian exports.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.05%, to 6,485 ringgit ($1,476.21) a tonne during early trade, after swinging between slight gains and losses earlier in the session.
FUNDAMENTALS
India has allowed duty-free imports of 2 million tonnes each of crude soyoil and crude sunflower oil for the current and the next fiscal year to March 2024, a government order said, as part of efforts to keep a lid on local prices.
Uncertainties over Indonesia's policy of obligatory domestic sales at a certain price level has hampered the resumption of exports, despite Jakarta lifting a three-week ban on shipments effective Monday.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
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 6,560 ringgit per tonne, a break could lead to a gain to 6,713 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Opportunity for palm oil intake to increase in Turkey
https://mpoc.org.my/opportunity-for-palm-oil-intake-to-increase-in-turkey/
Introduction As the most consumed vegetable oil, sunflower oil is the popular oil in Turkey especially for household consumption and based on statistics is continuing to increase. The higher sunflower oil consumption is mainly due to the increase in population and the lack of affordably-priced alternative oils because Turkey does not approve any genetically modified […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/opportunity-for-palm-oil-intake-to-increase-in-turkey/
Introduction As the most consumed vegetable oil, sunflower oil is the popular oil in Turkey especially for household consumption and based on statistics is continuing to increase. The higher sunflower oil consumption is mainly due to the increase in population and the lack of affordably-priced alternative oils because Turkey does not approve any genetically modified […]
By: via Malaysian Palm Oil Council Russia
понедельник, 23 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises for third day on supply outlook; Indonesia's policies in focus
KUALA LUMPUR, May 24 (Reuters) - Malaysian palm oil futures rose on Tuesday for a third consecutive day, supported by indications of weaker production and higher exports, with traders monitoring announcements surrounding Indonesia's domestic sales rule.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 82 ringgit, or 1.31%, to 6,343 ringgit ($1,444.22) a tonne during early trade.
FUNDAMENTALS
Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs Airlangga Hartarto told Reuters on Monday.
The world's biggest palm oil producer allowed the resumption of palm oil exports from Monday after a three-week ban, but industry players said shipments were unlikely to restart until details emerge on how much of the edible oil must be held back for domestic use.
In Malaysia, May end-stocks are expected to be tight after exports during May 1-20 rose as much as 32% on the month, while production is estimated to plunge 15%, according to data from cargo surveyors and industry groups.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 was up 1.7%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.4%.
Palm oil looks neutral in a range of 6,099-6,354 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slipped as relief at a rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 24 (Reuters) - Malaysian palm oil futures rose on Tuesday for a third consecutive day, supported by indications of weaker production and higher exports, with traders monitoring announcements surrounding Indonesia's domestic sales rule.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 82 ringgit, or 1.31%, to 6,343 ringgit ($1,444.22) a tonne during early trade.
FUNDAMENTALS
Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs Airlangga Hartarto told Reuters on Monday.
The world's biggest palm oil producer allowed the resumption of palm oil exports from Monday after a three-week ban, but industry players said shipments were unlikely to restart until details emerge on how much of the edible oil must be held back for domestic use.
In Malaysia, May end-stocks are expected to be tight after exports during May 1-20 rose as much as 32% on the month, while production is estimated to plunge 15%, according to data from cargo surveyors and industry groups.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 was up 1.7%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.4%.
Palm oil looks neutral in a range of 6,099-6,354 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slipped as relief at a rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*SPPOMA 1-20th May 2022*
FFB : -15.87%
OER: +0.19%
*Production: -15.00%*
SPPOMA 1-15th MAY 22
Overall Summary :
Yield : -26.27%
OER : +0.04%
Production : -26.06%
By: via Malaysian Palm Oil Council Russia
FFB : -15.87%
OER: +0.19%
*Production: -15.00%*
SPPOMA 1-15th MAY 22
Overall Summary :
Yield : -26.27%
OER : +0.04%
Production : -26.06%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
US Customs & Border Protection (CBP) Online Workshop on Forced Labor
https://mpoc.org.my/us-customs-border-protection-cbp-online-workshop-on-forced-labor/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/us-customs-border-protection-cbp-online-workshop-on-forced-labor/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Do olive and canola oils perform better than palm oil in terms of health and nutrition?
https://mpoc.org.my/do-olive-and-canola-oils-perform-better-than-palm-oil-in-terms-of-health-and-nutrition/
Do Olive and Canola Oils Perform Better Than Palm Oil in Terms of Health and Nutrition? The attributes of palm oil in cooking have long been recognised, especially in the preparation of high-heat Malaysian cuisines. As compared to other vegetable oils that are rich in unsaturated fats, palm oil is more resistant to high cooking […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/do-olive-and-canola-oils-perform-better-than-palm-oil-in-terms-of-health-and-nutrition/
Do Olive and Canola Oils Perform Better Than Palm Oil in Terms of Health and Nutrition? The attributes of palm oil in cooking have long been recognised, especially in the preparation of high-heat Malaysian cuisines. As compared to other vegetable oils that are rich in unsaturated fats, palm oil is more resistant to high cooking […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 22 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises, investors assess Indonesia's domestic sales policy
KUALA LUMPUR, May 23 (Reuters) - Malaysian palm oil futures gained on Monday as higher rival oil prices supported the market, with traders assessing the impact of Indonesia's move to reinstate a domestic sales policy.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 58 ringgit, or 0.95%, to 6,167 ringgit ($1,405.10) a tonne during early trade.
FUNDAMENTALS
Indonesia will reimpose a domestic sales requirement on palm oil, the government said last week after the world's biggest producer of the key edible oil reversed a ban on its exports.
Indonesia's resumption of exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.
Exports from Malaysia during May 1-20 rose between 28% and 32.6% from the same week in April, cargo surveyors said last week.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 1.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
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 6,354 ringgit per tonne, as the bounce from the May 20 low of 5,925 ringgit looks incomplete, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks came under pressure as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 23 (Reuters) - Malaysian palm oil futures gained on Monday as higher rival oil prices supported the market, with traders assessing the impact of Indonesia's move to reinstate a domestic sales policy.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 58 ringgit, or 0.95%, to 6,167 ringgit ($1,405.10) a tonne during early trade.
FUNDAMENTALS
Indonesia will reimpose a domestic sales requirement on palm oil, the government said last week after the world's biggest producer of the key edible oil reversed a ban on its exports.
Indonesia's resumption of exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.
Exports from Malaysia during May 1-20 rose between 28% and 32.6% from the same week in April, cargo surveyors said last week.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 1.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
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 6,354 ringgit per tonne, as the bounce from the May 20 low of 5,925 ringgit looks incomplete, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks came under pressure as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
By: via Malaysian Palm Oil Council Russia
пятница, 20 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
20-May-2022 11:10:58 AM - INDONESIA ECON MINISTER: TO IMPOSE DOMESTIC MARKET OBLIGATION FOR PALM OIL
20-May-2022 11:11:45 AM - INDONESIA TO DETERMINE THE SIZE OF DOMESTIC OBLIGATION FOR EACH PALM OIL PRODUCER -MINISTER
20-May-2022 11:12:10 AM - INDONESIA ECON MINISTER: WILL CONTINUE TO MONITOR SUPPLY OF COOKING OIL
20-May-2022 11:12:41 AM - INDONESIA ECON MINISTER: GOVT TO RE-ISSUE RULES OF COOKING OIL RETAIL PRICE
20-May-2022 11:13:19 AM - INDONESIA ECON MINISTER: TO ACCELERATE DISTRIBUTION FOR CERTAIN COOKING OIL, GOVT TO APPOINT BULOG TO SET UP BUFFER STOCK
By: via Malaysian Palm Oil Council Russia
20-May-2022 11:11:45 AM - INDONESIA TO DETERMINE THE SIZE OF DOMESTIC OBLIGATION FOR EACH PALM OIL PRODUCER -MINISTER
20-May-2022 11:12:10 AM - INDONESIA ECON MINISTER: WILL CONTINUE TO MONITOR SUPPLY OF COOKING OIL
20-May-2022 11:12:41 AM - INDONESIA ECON MINISTER: GOVT TO RE-ISSUE RULES OF COOKING OIL RETAIL PRICE
20-May-2022 11:13:19 AM - INDONESIA ECON MINISTER: TO ACCELERATE DISTRIBUTION FOR CERTAIN COOKING OIL, GOVT TO APPOINT BULOG TO SET UP BUFFER STOCK
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
22 May 2022: International Day for Biological Diversity
https://mpoc.org.my/22-may-2022-international-day-for-biological-diversity/
22 May has been proclaimed as The International Day for Biological Diversity by the United Nations since the year 2000. This day is celebrated to increase understanding and awareness of biodiversity issues around the world. The term biodiversity was coined by Walter G. Rosen in 1986 and biodiversity refers to the term “biological diversity” which […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/22-may-2022-international-day-for-biological-diversity/
22 May has been proclaimed as The International Day for Biological Diversity by the United Nations since the year 2000. This day is celebrated to increase understanding and awareness of biodiversity issues around the world. The term biodiversity was coined by Walter G. Rosen in 1986 and biodiversity refers to the term “biological diversity” which […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. wheat extends gains amid tightening global supplies
BEIJING, May 19 (Reuters) - U.S. wheat rose on Thursday, extending gains after India unexpectedly banned exports of wheat and as Russia-Ukraine war kept underpinning global grains markets.
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 1% at $12.43-1/2 a bushel.
CBOT wheat had climbed more than 8% over the past two days following India's wheat ban and reports showing bad condition of U.S. winter crop.
CBOT soybeans Sv1 edged up 0.75% to $16.74 bushel, extending gains into a seventh session, while corn Cv1 rose 0.45% to $7.85 a bushel.
India said on Tuesday it will allow overseas wheat shipments awaiting customs clearance, introducing some leeway for overseas sales after it banned exports of the staple on Saturday.
U.N. chief was expected to publicly disclose on Wednesday that he is in talks with Russia, Ukraine, Turkey, the United States and the European Union aimed at restoring Ukraine grain shipments and reviving fertilizer exports from Russia and Belarus, U.N. officials said.
Russia was seen to export more wheat in the new marketing season due to a large harvest and stockpile, the IKAR consultancy said on Wednesday.
Brazil's second corn crop was expected to reach 87.6 million tonnes in the 2021/2022 cycle, down from a previous 92.2 million-tonne forecast, estimate from agribusiness consultancy Agroconsult showed on Wednesday.
China has removed restrictions on imports of Canadian canola seed that were put in place three years ago, Canadian officials said on Wednesday.
MARKETS NEWS
Asian stocks eked out their fourth session of gains, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook.
By: via Malaysian Palm Oil Council Russia
BEIJING, May 19 (Reuters) - U.S. wheat rose on Thursday, extending gains after India unexpectedly banned exports of wheat and as Russia-Ukraine war kept underpinning global grains markets.
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 1% at $12.43-1/2 a bushel.
CBOT wheat had climbed more than 8% over the past two days following India's wheat ban and reports showing bad condition of U.S. winter crop.
CBOT soybeans Sv1 edged up 0.75% to $16.74 bushel, extending gains into a seventh session, while corn Cv1 rose 0.45% to $7.85 a bushel.
India said on Tuesday it will allow overseas wheat shipments awaiting customs clearance, introducing some leeway for overseas sales after it banned exports of the staple on Saturday.
U.N. chief was expected to publicly disclose on Wednesday that he is in talks with Russia, Ukraine, Turkey, the United States and the European Union aimed at restoring Ukraine grain shipments and reviving fertilizer exports from Russia and Belarus, U.N. officials said.
Russia was seen to export more wheat in the new marketing season due to a large harvest and stockpile, the IKAR consultancy said on Wednesday.
Brazil's second corn crop was expected to reach 87.6 million tonnes in the 2021/2022 cycle, down from a previous 92.2 million-tonne forecast, estimate from agribusiness consultancy Agroconsult showed on Wednesday.
China has removed restrictions on imports of Canadian canola seed that were put in place three years ago, Canadian officials said on Wednesday.
MARKETS NEWS
Asian stocks eked out their fourth session of gains, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook.
By: via Malaysian Palm Oil Council Russia
четверг, 19 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil tracks soyoil lower as U.N. seeks to restore Ukraine grain exports
KUALA LUMPUR, May 19 (Reuters) - Malaysian palm oil futures slipped on Thursday, as rival soyoil plunged overnight following a report about the United Nations' efforts to restore Ukraine grain shipments.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 104 ringgit, or 1.70%, to 6,030 ringgit ($1,369.52) a tonne during early trade.
FUNDAMENTALS
Indonesia's trade minister on Wednesday said he expected prices of cooking oil would stabilise after a programme to distribute subsidised supplies reaches 10,000 locations across the country.
U.N. Secretary-General Antonio Guterres said on Wednesday that he is in "intense contact" with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens.
Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.7% after slumping 3.1% overnight. Dalian's most-active soyoil contract DBYcv1 and its palm oil contract DCPcv1 both eased 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 5,984 ringgit per tonne, a break below which could open the way towards 5,843 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.
Oil prices rose, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 19 (Reuters) - Malaysian palm oil futures slipped on Thursday, as rival soyoil plunged overnight following a report about the United Nations' efforts to restore Ukraine grain shipments.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 104 ringgit, or 1.70%, to 6,030 ringgit ($1,369.52) a tonne during early trade.
FUNDAMENTALS
Indonesia's trade minister on Wednesday said he expected prices of cooking oil would stabilise after a programme to distribute subsidised supplies reaches 10,000 locations across the country.
U.N. Secretary-General Antonio Guterres said on Wednesday that he is in "intense contact" with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens.
Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.7% after slumping 3.1% overnight. Dalian's most-active soyoil contract DBYcv1 and its palm oil contract DCPcv1 both eased 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 5,984 ringgit per tonne, a break below which could open the way towards 5,843 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.
Oil prices rose, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares.
By: via Malaysian Palm Oil Council Russia
среда, 18 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. wheat, corn futures retreat, soybeans extend gains
May 18 (Reuters) - U.S. wheat futures fell in early Asian trading on Wednesday on profit-taking after two sessions of gains, but soybeans edged higher to hit a more than two-week high, while corn was on track for a second session of decline.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 1.7% at $12.56 a bushel, as of 0123 GMT.
CBOT wheat had climbed more than 8% over the past two days after India unexpectedly banned exports of the grain and following a U.S. Department of Agriculture report late Monday indicating worsening condition of the U.S. winter crop.
CBOT soybeans Sv1 edged up 0.1% to $16.79 bushel, extending gains into a seventh session.
CBOT corn Cv1 shed 0.3% to $7.98-1/2 a bushel, retreating after touching a two-week high on Monday.
About 300,000 tonnes of Ukrainian wheat booked by Egypt's state grains buyer for delivery in February and March is yet to be shipped, with one cargo stuck in port and four others still to be loaded, four traders said.
India will allow overseas wheat shipments awaiting customs clearance, the government said on Tuesday, introducing some leeway for overseas sales after it banned exports of the staple on Saturday.
Ukraine is making progress in developing grain exports over land to the EU but will need to regain sea access blocked by Russia's invasion to avert a worsening crisis for food importing countries, its deputy economy minister said on Tuesday.
Crop scouts on the first day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the northern portion of the drought-hit state at 39.5 bushels per acre, down from 59.2 bushels in 2021.
By: via Malaysian Palm Oil Council Russia
May 18 (Reuters) - U.S. wheat futures fell in early Asian trading on Wednesday on profit-taking after two sessions of gains, but soybeans edged higher to hit a more than two-week high, while corn was on track for a second session of decline.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 1.7% at $12.56 a bushel, as of 0123 GMT.
CBOT wheat had climbed more than 8% over the past two days after India unexpectedly banned exports of the grain and following a U.S. Department of Agriculture report late Monday indicating worsening condition of the U.S. winter crop.
CBOT soybeans Sv1 edged up 0.1% to $16.79 bushel, extending gains into a seventh session.
CBOT corn Cv1 shed 0.3% to $7.98-1/2 a bushel, retreating after touching a two-week high on Monday.
About 300,000 tonnes of Ukrainian wheat booked by Egypt's state grains buyer for delivery in February and March is yet to be shipped, with one cargo stuck in port and four others still to be loaded, four traders said.
India will allow overseas wheat shipments awaiting customs clearance, the government said on Tuesday, introducing some leeway for overseas sales after it banned exports of the staple on Saturday.
Ukraine is making progress in developing grain exports over land to the EU but will need to regain sea access blocked by Russia's invasion to avert a worsening crisis for food importing countries, its deputy economy minister said on Tuesday.
Crop scouts on the first day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the northern portion of the drought-hit state at 39.5 bushels per acre, down from 59.2 bushels in 2021.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises as Indonesian export ban drags on
KUALA LUMPUR, May 18 (Reuters) - Malaysian palm oil futures inched up on Wednesday, on higher exports from the country and a longer-than-expected export ban in Indonesia, although the contract still remained near a five-week low hit in the previous session.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.54%, to 6,149 ringgit ($1,400.05) a tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-15 rose 23.9% to 613,649 tonnes from the same week in April, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Stronger demand, reflected by firmer palm oil exports, and slower output growth in Malaysia due to a shorter number of working days are keeping the market firm, Refinitiv Agriculture Research said in a note on Tuesday.
Top producer Indonesia has halted exports of crude and refined palm oil since April 28 and investors had hoped for the policy to be lifted within a few weeks as storage tanks fill up. However, the ruling remains in place until domestic cooking oil prices fall.
Dalian's most-active soyoil contract DBYcv1 fell 0.4%, while its palm oil contract DCPcv1 lost 0.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 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 may retest a support at 5,984 ringgit per tonne, a break below which could open the way towards 5,843 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia's stockmarkets struggled to carry recent gains into a fourth straight session and the U.S. dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 18 (Reuters) - Malaysian palm oil futures inched up on Wednesday, on higher exports from the country and a longer-than-expected export ban in Indonesia, although the contract still remained near a five-week low hit in the previous session.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.54%, to 6,149 ringgit ($1,400.05) a tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-15 rose 23.9% to 613,649 tonnes from the same week in April, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Stronger demand, reflected by firmer palm oil exports, and slower output growth in Malaysia due to a shorter number of working days are keeping the market firm, Refinitiv Agriculture Research said in a note on Tuesday.
Top producer Indonesia has halted exports of crude and refined palm oil since April 28 and investors had hoped for the policy to be lifted within a few weeks as storage tanks fill up. However, the ruling remains in place until domestic cooking oil prices fall.
Dalian's most-active soyoil contract DBYcv1 fell 0.4%, while its palm oil contract DCPcv1 lost 0.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 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 may retest a support at 5,984 ringgit per tonne, a break below which could open the way towards 5,843 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia's stockmarkets struggled to carry recent gains into a fourth straight session and the U.S. dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook.
By: via Malaysian Palm Oil Council Russia
вторник, 17 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
MPOB: Malaysia worried about continual changes in benchmark standards for sustainable palm oil
https://mpoc.org.my/mpob-malaysia-worried-about-continual-changes-in-benchmark-standards-for-sustainable-palm-oil/
KUALA LUMPUR (May 17): Malaysia is worried that the benchmark standards keep on changing and are difficult to comply with, especially for smallholders, as it continues to address sustainability aspects and corrects the negative perception and allegations towards its palm oil, the Malaysian Palm Oil Board (MPOB) said. Citing an example, director-general Datuk Dr Ahmad Parveez Ghulam […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpob-malaysia-worried-about-continual-changes-in-benchmark-standards-for-sustainable-palm-oil/
KUALA LUMPUR (May 17): Malaysia is worried that the benchmark standards keep on changing and are difficult to comply with, especially for smallholders, as it continues to address sustainability aspects and corrects the negative perception and allegations towards its palm oil, the Malaysian Palm Oil Board (MPOB) said. Citing an example, director-general Datuk Dr Ahmad Parveez Ghulam […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Recent Improvements on Infrastructure has Eased the Movement of Goods in East Africa
https://mpoc.org.my/recent-improvements-on-infrastructure-has-eased-the-movement-of-goods-in-east-africa/
Africa in the past decade has become the choice of many international investors. The continent’s extensive number of natural resources, strong population growth, young and increasingly educated workforce, more stability in terms of governance in recent years, and more prospects for economic growth has led many foreign investors and multinational companies from various countries, particularly […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/recent-improvements-on-infrastructure-has-eased-the-movement-of-goods-in-east-africa/
Africa in the past decade has become the choice of many international investors. The continent’s extensive number of natural resources, strong population growth, young and increasingly educated workforce, more stability in terms of governance in recent years, and more prospects for economic growth has led many foreign investors and multinational companies from various countries, particularly […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Bake a Low GI Super Loaf using Malaysian Palm Oil!
https://mpoc.org.my/bake-a-low-gi-super-loaf-using-malaysian-palm-oil/
Traditionally, bread is made with wheat flour and water, with or without leavening agent (i.e. yeast). However, it is later discovered that adding oil helps in shaping bread dough, and making it more elastic, less sticky, and ultimately, easier to handle. Also, it enhances the texture, flavour, and moisture of the end product, making it […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/bake-a-low-gi-super-loaf-using-malaysian-palm-oil/
Traditionally, bread is made with wheat flour and water, with or without leavening agent (i.e. yeast). However, it is later discovered that adding oil helps in shaping bread dough, and making it more elastic, less sticky, and ultimately, easier to handle. Also, it enhances the texture, flavour, and moisture of the end product, making it […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago wheat near record highs on supply concerns
May 17 (Reuters) - Chicago wheat futures on Tuesday neared a record peak set in March after the U.S. Department of Agriculture reported a worsening condition of the winter crop, deepening worries over supply in an already-tight market.
The significance of U.S. crops has risen after the Russian invasion of Ukraine hampered shipments from the key Black Sea region and India unexpectedly closed its doors on wheat exports.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose as much as 2.2% to $12.75 a bushel, the highest since March 8, when it hit a record high of $13.64.
CBOT corn Cv1 was down 0.5% at $8.05-1/4 a bushel as of 0204 GMT, after touching a two-week peak in the previous session.
CBOT soybeans Sv1 were 0.1% higher at $16.58 a bushel.
The USDA on Monday rated 27% of the U.S. winter wheat crop in good to excellent condition, down 2 percentage points from the previous week and below analysts' expectations, while spring wheat was 39% planted, below expectations of 43%.
The USDA's weekly crop progress report also showed farmers had planted 49% of their corn crop, in line with expectations, as warm and dry conditions across much of the Midwest finally allowed growers to push through delayed planting tasks.
Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain in a bid to keep a lid on soaring domestic prices, according to trade sources.
The United States supports efforts by U.N. Secretary-General Antonio Guterres to get Ukrainian grain back into the international marketplace amid the war.
Rain in large parts of France overnight provided some relief but not enough for cereals suffering a prolonged drought.
Farm areas in Brazil's center-south areas, including the states of Parana and Minas Gerais, may be hit by light frosts in coming days, raising concern about corn, coffee and sugarcane crops.
MARKETS NEWS
Asian shares edged higher despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
By: via Malaysian Palm Oil Council Russia
May 17 (Reuters) - Chicago wheat futures on Tuesday neared a record peak set in March after the U.S. Department of Agriculture reported a worsening condition of the winter crop, deepening worries over supply in an already-tight market.
The significance of U.S. crops has risen after the Russian invasion of Ukraine hampered shipments from the key Black Sea region and India unexpectedly closed its doors on wheat exports.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose as much as 2.2% to $12.75 a bushel, the highest since March 8, when it hit a record high of $13.64.
CBOT corn Cv1 was down 0.5% at $8.05-1/4 a bushel as of 0204 GMT, after touching a two-week peak in the previous session.
CBOT soybeans Sv1 were 0.1% higher at $16.58 a bushel.
The USDA on Monday rated 27% of the U.S. winter wheat crop in good to excellent condition, down 2 percentage points from the previous week and below analysts' expectations, while spring wheat was 39% planted, below expectations of 43%.
The USDA's weekly crop progress report also showed farmers had planted 49% of their corn crop, in line with expectations, as warm and dry conditions across much of the Midwest finally allowed growers to push through delayed planting tasks.
Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain in a bid to keep a lid on soaring domestic prices, according to trade sources.
The United States supports efforts by U.N. Secretary-General Antonio Guterres to get Ukrainian grain back into the international marketplace amid the war.
Rain in large parts of France overnight provided some relief but not enough for cereals suffering a prolonged drought.
Farm areas in Brazil's center-south areas, including the states of Parana and Minas Gerais, may be hit by light frosts in coming days, raising concern about corn, coffee and sugarcane crops.
MARKETS NEWS
Asian shares edged higher despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
By: via Malaysian Palm Oil Council Russia
понедельник, 16 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks rival oils lower, robust early-May exports limit losses
KUALA LUMPUR, May 17 (Reuters) - Malaysian palm oil futures resumed trading on Tuesday after a long weekend and tracked losses in rival edible oils, but the losses were limited by strong exports for the first half of May.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.04%, to 6,075 ringgit ($1,382.88) during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-15 rose 20.6% to 569,233 tonnes from 472,181 tonnes shipped during the same week in April, cargo surveyor Intertek Testing Services said on Sunday.
The news of India banning exports of wheat on Saturday put some pressure on soyoil futures amid questions of ripple effects the ban could have on India's import demand for vegetable oils.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%. Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 lost 2.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may rise to 6,602 ringgit per tonne, as it managed to stabilise around a support at 6,290 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher despite data reinforcing investors' fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 17 (Reuters) - Malaysian palm oil futures resumed trading on Tuesday after a long weekend and tracked losses in rival edible oils, but the losses were limited by strong exports for the first half of May.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.04%, to 6,075 ringgit ($1,382.88) during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-15 rose 20.6% to 569,233 tonnes from 472,181 tonnes shipped during the same week in April, cargo surveyor Intertek Testing Services said on Sunday.
The news of India banning exports of wheat on Saturday put some pressure on soyoil futures amid questions of ripple effects the ban could have on India's import demand for vegetable oils.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%. Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 lost 2.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may rise to 6,602 ringgit per tonne, as it managed to stabilise around a support at 6,290 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher despite data reinforcing investors' fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
В апреле в России из продуктов сильнее всего подорожал маргарин
В апреле в России маргарин подорожал на 12,9%, это самый высокий рост цены на продовольственном рынке (без учета некоторых видов овощей и фруктов), следует из опубликованных в пятницу данных Росстата.
Исполнительный директор Масложирового союза Михаил Мальцев главной причиной подорожания маргарина назвал рост цен на растительные масла, из которых его делают.
"Кроме того, повысились цены на консерванты и вкусовые добавки, другие пищевые ингредиенты, которые импортируются в Россию для выпуска маргаринов. Значительно увеличились расходы предприятий на логистику и упаковку для готовой продукции. Все вместе это привело к повышению стоимости готового продукта", - сказал эксперт.
By: via Malaysian Palm Oil Council Russia
В апреле в России маргарин подорожал на 12,9%, это самый высокий рост цены на продовольственном рынке (без учета некоторых видов овощей и фруктов), следует из опубликованных в пятницу данных Росстата.
Исполнительный директор Масложирового союза Михаил Мальцев главной причиной подорожания маргарина назвал рост цен на растительные масла, из которых его делают.
"Кроме того, повысились цены на консерванты и вкусовые добавки, другие пищевые ингредиенты, которые импортируются в Россию для выпуска маргаринов. Значительно увеличились расходы предприятий на логистику и упаковку для готовой продукции. Все вместе это привело к повышению стоимости готового продукта", - сказал эксперт.
By: via Malaysian Palm Oil Council Russia
пятница, 13 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
Возросшие в связи со спецоперацией расходы по страхованию судов делают пальмовое масло менее привлекательным в составе спецжиров, заставляя представителей пищевой промышленности возвращаться к использованию подсолнечного масла, там где это возможно. Россия вскоре может пересмотреть политику по ограничению трансжиров - эксперт.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
среда, 11 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil tracks soy oil, crude losses
KUALA LUMPUR, May 12 (Reuters) - Malaysian palm oil futures on Thursday gave up gains from the previous session as rival Chicago soyoil and crude futures fell, although strong early May exports capped losses.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange slid 57 ringgit, or 0.88%, to 6,419 ringgit ($1,464.19) a tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-10 rose 45.2% from the same week in April, cargo surveyor Societe Generale de Surveillance said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.9%.
Oil prices eased, taking a pause after rising more than 5% in the previous session following new Russian sanctions on some European gas companies.
Weaker crude makes palm a less attractive option for biodiesel feedstock.
Buyers in China are "no longer big bulls" in the commodities markets as they face an economic slowdown while the country chases a zero-COVID policy, edible oil analyst Dorab Mistry said on Wednesday.
Palm oil may break a resistance at 6,602 ringgit a tonne, and rise to 6,758 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 12 (Reuters) - Malaysian palm oil futures on Thursday gave up gains from the previous session as rival Chicago soyoil and crude futures fell, although strong early May exports capped losses.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange slid 57 ringgit, or 0.88%, to 6,419 ringgit ($1,464.19) a tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May 1-10 rose 45.2% from the same week in April, cargo surveyor Societe Generale de Surveillance said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 rose 1%, while its palm oil contract DCPcv1 gained 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.9%.
Oil prices eased, taking a pause after rising more than 5% in the previous session following new Russian sanctions on some European gas companies.
Weaker crude makes palm a less attractive option for biodiesel feedstock.
Buyers in China are "no longer big bulls" in the commodities markets as they face an economic slowdown while the country chases a zero-COVID policy, edible oil analyst Dorab Mistry said on Wednesday.
Palm oil may break a resistance at 6,602 ringgit a tonne, and rise to 6,758 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
India Demand May Shift to Domestic Edible Oils as Palm Oil Soars
By Pratik Parija
(Bloomberg) -- High palm oil prices will prompt Indian consumers to shift to domestic edible oils or soybean oil, said Sudhakar Desai, CEO of Emami Agrotech Ltd. and president of India Vegetable Oil Producers Association.
Palm is no longer a cheap oil, he said at a conference in Dubai
Indian farmers should shift to growing peanuts, rapeseed, sunflower, soybeans and ricebran (in that order) from wheat and rice
Indonesia’s ban on palm oil exports will have to be lifted in May
To achieve domestic cooking oil prices of 14,000 rupiah a liter, Indonesian refiners would be losing about $80 million a month
Country’s cost of running biofuel mandates is estimated at $140 million a month
Forecasts from Desai:
India’s edible oil imports seen at 12.53m tons in 2021-22 tons vs 14m a year earlier; per capita edible oil demand to drop 3% y/y
India 2021-22 palm imports seen at 7.3m tons vs 8.83m y/y
India 2021-22 soyoil imports seen at 3.62m tons vs 3.13m
India 2021-22 sunflower oil imports seen at 1.5m tons vs 1.96m
Malaysia 2022 palm output seen at 18.7m tons vs 18.2m
Malaysia 2022 palm end stocks seen at 1.5m tons vs 1.6m y/y
Indonesia 2022 palm output seen at 48.1m tons vs 46.6m tons y/y
Indonesia 2022 palm end stocks seen at 6.95m tons vs 5.4m
By: via Malaysian Palm Oil Council Russia
By Pratik Parija
(Bloomberg) -- High palm oil prices will prompt Indian consumers to shift to domestic edible oils or soybean oil, said Sudhakar Desai, CEO of Emami Agrotech Ltd. and president of India Vegetable Oil Producers Association.
Palm is no longer a cheap oil, he said at a conference in Dubai
Indian farmers should shift to growing peanuts, rapeseed, sunflower, soybeans and ricebran (in that order) from wheat and rice
Indonesia’s ban on palm oil exports will have to be lifted in May
To achieve domestic cooking oil prices of 14,000 rupiah a liter, Indonesian refiners would be losing about $80 million a month
Country’s cost of running biofuel mandates is estimated at $140 million a month
Forecasts from Desai:
India’s edible oil imports seen at 12.53m tons in 2021-22 tons vs 14m a year earlier; per capita edible oil demand to drop 3% y/y
India 2021-22 palm imports seen at 7.3m tons vs 8.83m y/y
India 2021-22 soyoil imports seen at 3.62m tons vs 3.13m
India 2021-22 sunflower oil imports seen at 1.5m tons vs 1.96m
Malaysia 2022 palm output seen at 18.7m tons vs 18.2m
Malaysia 2022 palm end stocks seen at 1.5m tons vs 1.6m y/y
Indonesia 2022 palm output seen at 48.1m tons vs 46.6m tons y/y
Indonesia 2022 palm end stocks seen at 6.95m tons vs 5.4m
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Monetary Policy Statement
Embargo : Not for publication or broadcast before 1500 on Wednesday, 11 May 2022
11 May 2022
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.00 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25 percent and 1.75 percent, respectively.
The sustained reopening of the global economy and the improvement in labour market conditions continue to support the recovery of economic activity. These have partly cushioned the impact of the military conflict in Ukraine and the strict containment measures in China. Inflationary pressures have increased sharply due to a rise in commodity prices, strained supply chains and strong demand conditions, particularly in the US. Consequently, several central banks are expected to adjust their monetary policy settings at a faster pace to reduce inflationary pressures. The global growth outlook will continue to be affected by the developments surrounding the conflict in Ukraine, COVID-19, global supply chain conditions, commodity price shocks, and financial market volatility.
For the Malaysian economy, latest indicators show that growth is on a firmer footing, driven by strengthening domestic demand amid sustained export growth. The labour market is further lifted by a lower unemployment rate, higher labour participation and better income prospects. The transition to endemicity on 1 April 2022 would strengthen economic activity, in line with further easing of restrictions and the reopening of international borders. Investment activity and prospects have also improved, underpinned by the realisation of multi-year projects and positive growth outlook. However, risks to growth remain, which include a weaker-than-expected global growth, further escalation of geopolitical conflicts, worsening supply chain disruptions, and adverse developments surrounding COVID-19.
Headline inflation is projected to average between 2.2% - 3.2% in 2022. Given the improvement in economic activity amid lingering cost pressures, underlying inflation, as measured by core inflation, is expected to trend higher to average between 2.0% - 3.0% in 2022. Nevertheless, upward pressure on prices would be partly contained by existing price controls and the continued spare capacity in the economy. The inflation outlook continues to be subject to global commodity price developments, arising mainly from the ongoing military conflict in Ukraine and prolonged supply-related disruptions, as well as domestic policy measures on administered prices.
Over the course of the COVID-19 crisis, the OPR was reduced by a cumulative 125 basis points to a historic low of 1.75% to provide support to the economy. The unprecedented conditions that necessitated such actions have since abated. With the domestic growth on a firmer footing, the MPC decided to begin reducing the degree of monetary accommodation. This will be done in a measured and gradual manner, ensuring that monetary policy remains accommodative to support a sustainable economic growth in an environment of price stability.
Bank Negara Malaysia
11 May 2022
Bank Negara Malaysia, 2022. All rights reserved.
By: via Malaysian Palm Oil Council Russia
Embargo : Not for publication or broadcast before 1500 on Wednesday, 11 May 2022
11 May 2022
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.00 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25 percent and 1.75 percent, respectively.
The sustained reopening of the global economy and the improvement in labour market conditions continue to support the recovery of economic activity. These have partly cushioned the impact of the military conflict in Ukraine and the strict containment measures in China. Inflationary pressures have increased sharply due to a rise in commodity prices, strained supply chains and strong demand conditions, particularly in the US. Consequently, several central banks are expected to adjust their monetary policy settings at a faster pace to reduce inflationary pressures. The global growth outlook will continue to be affected by the developments surrounding the conflict in Ukraine, COVID-19, global supply chain conditions, commodity price shocks, and financial market volatility.
For the Malaysian economy, latest indicators show that growth is on a firmer footing, driven by strengthening domestic demand amid sustained export growth. The labour market is further lifted by a lower unemployment rate, higher labour participation and better income prospects. The transition to endemicity on 1 April 2022 would strengthen economic activity, in line with further easing of restrictions and the reopening of international borders. Investment activity and prospects have also improved, underpinned by the realisation of multi-year projects and positive growth outlook. However, risks to growth remain, which include a weaker-than-expected global growth, further escalation of geopolitical conflicts, worsening supply chain disruptions, and adverse developments surrounding COVID-19.
Headline inflation is projected to average between 2.2% - 3.2% in 2022. Given the improvement in economic activity amid lingering cost pressures, underlying inflation, as measured by core inflation, is expected to trend higher to average between 2.0% - 3.0% in 2022. Nevertheless, upward pressure on prices would be partly contained by existing price controls and the continued spare capacity in the economy. The inflation outlook continues to be subject to global commodity price developments, arising mainly from the ongoing military conflict in Ukraine and prolonged supply-related disruptions, as well as domestic policy measures on administered prices.
Over the course of the COVID-19 crisis, the OPR was reduced by a cumulative 125 basis points to a historic low of 1.75% to provide support to the economy. The unprecedented conditions that necessitated such actions have since abated. With the domestic growth on a firmer footing, the MPC decided to begin reducing the degree of monetary accommodation. This will be done in a measured and gradual manner, ensuring that monetary policy remains accommodative to support a sustainable economic growth in an environment of price stability.
Bank Negara Malaysia
11 May 2022
Bank Negara Malaysia, 2022. All rights reserved.
By: via Malaysian Palm Oil Council Russia
вторник, 10 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
*SPPOMA 1-10th MAY 22*
Overall Summary :
Yield : -44.66%
OER : -0.23%
Production : -45.87%
*SPPOMA 1-5th May 22*
Overall Summary :
Yield : -93.53%
OER : -2.29%
Production : -105.58%
By: via Malaysian Palm Oil Council Russia
Overall Summary :
Yield : -44.66%
OER : -0.23%
Production : -45.87%
*SPPOMA 1-5th May 22*
Overall Summary :
Yield : -93.53%
OER : -2.29%
Production : -105.58%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops on weaker April export data, rival Dalian oils
JAKARTA, May 10 (Reuters) - Malaysian palm oil futures fell on Tuesday, after cargo surveyor data showed a drop in April exports, while weaker vegetable oils on the Dalian Commodity Exchange further weighed on prices.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange lost 68 ringgit, or 1.06%, to 6,341 ringgit ($1,449.04) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for April fell 17.1% to 1,103,093 tonnes from 1,331,400 tonnes shipped during March, cargo surveyor Societe Generale de Surveillance said on Monday.
Malaysia's palm oil inventories at the end of April likely rose for the first time in six months to 1.55 million tonnes as production and imports climbed, a Reuters survey showed on Friday.
Dalian's soyoil contract DBYv1 and its palm oil contract DCPv1 dropped 1.39% and 0.43%, respectively. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.74%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may fall into a zone of 6,097 ringgit to 6,190 ringgit a tonne, as it shows little signs of stopping around a support of 6,290 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tumbled to their lowest in nearly two years as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.
Oil prices tumbled more than 1%, extending the previous day's steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.
By: via Malaysian Palm Oil Council Russia
JAKARTA, May 10 (Reuters) - Malaysian palm oil futures fell on Tuesday, after cargo surveyor data showed a drop in April exports, while weaker vegetable oils on the Dalian Commodity Exchange further weighed on prices.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange lost 68 ringgit, or 1.06%, to 6,341 ringgit ($1,449.04) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for April fell 17.1% to 1,103,093 tonnes from 1,331,400 tonnes shipped during March, cargo surveyor Societe Generale de Surveillance said on Monday.
Malaysia's palm oil inventories at the end of April likely rose for the first time in six months to 1.55 million tonnes as production and imports climbed, a Reuters survey showed on Friday.
Dalian's soyoil contract DBYv1 and its palm oil contract DCPv1 dropped 1.39% and 0.43%, respectively. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.74%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may fall into a zone of 6,097 ringgit to 6,190 ringgit a tonne, as it shows little signs of stopping around a support of 6,290 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tumbled to their lowest in nearly two years as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.
Oil prices tumbled more than 1%, extending the previous day's steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.
By: via Malaysian Palm Oil Council Russia
понедельник, 9 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
Change in Composition of Palm Oil Products Imported in China
https://mpoc.org.my/change-in-composition-of-palm-oil-products-imported-in-china/
Introduction According to statistics released by Chinese Customs, China’s import of palm oil in 2021 recorded a marginal drop of 1.3% or 84,400 MT against the previous year. The drop didn’t come as a surprise despite the Y-o-Y growth of 23.6% recorded in the first 6 months of 2021, as escalating vegetable oils’ prices caused […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/change-in-composition-of-palm-oil-products-imported-in-china/
Introduction According to statistics released by Chinese Customs, China’s import of palm oil in 2021 recorded a marginal drop of 1.3% or 84,400 MT against the previous year. The drop didn’t come as a surprise despite the Y-o-Y growth of 23.6% recorded in the first 6 months of 2021, as escalating vegetable oils’ prices caused […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*CIMB Poll Apr'22 vs Mar’22 MPOB:*
Prodn 1.45m vs 1.41m (+2.9%)
Impt 85k vs 85k
Expt 1.08m vs 1.27m (-15.0%)
LDsp 276k vs 276k
Stks 1.66m vs 1.47m (+12.6%)
Reuters Poll:
Prodn 1.48m vs 1.41m (+4.9%)
Impt 95k vs 85k
Expt 1.20m vs 1.27m (-5.6%)
LDsp 303k vs 276k
Stks 1.55m vs 1.47m (+5.2%)
Bloomberg Poll:
Prodn 1.48m vs 1.41m (+5%)
Impt 80k vs 85k
Expt 1.10m vs 1.27m (-13%)
LDsp 250k-320k vs 276k
Stks 1.66m vs 1.47m (+12.9%)
By: via Malaysian Palm Oil Council Russia
Prodn 1.45m vs 1.41m (+2.9%)
Impt 85k vs 85k
Expt 1.08m vs 1.27m (-15.0%)
LDsp 276k vs 276k
Stks 1.66m vs 1.47m (+12.6%)
Reuters Poll:
Prodn 1.48m vs 1.41m (+4.9%)
Impt 95k vs 85k
Expt 1.20m vs 1.27m (-5.6%)
LDsp 303k vs 276k
Stks 1.55m vs 1.47m (+5.2%)
Bloomberg Poll:
Prodn 1.48m vs 1.41m (+5%)
Impt 80k vs 85k
Expt 1.10m vs 1.27m (-13%)
LDsp 250k-320k vs 276k
Stks 1.66m vs 1.47m (+12.9%)
By: via Malaysian Palm Oil Council Russia
воскресенье, 8 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
*SPPOMA: 1-30th Apr 22*
Yield : +3.43%
OER : -0.06%
*Prod : +3.16%*
SPPOMA: 1-25th Apr 22
Yield : +5.51%
OER : +0.01%
Prod : +5.56%
SPPOMA: 1-20th Apr 22
Yield : +6.52%
OER : +0.09%
Prod : +7.00%
SPPOMA: 1-15th Apr 22
Yield : +4.07%
OER : +0.23%
Prod : +5.28%
SPPOMA: 1-10th Apr 22
Yield : -6.96%
OER : +0.45%
Prod : -4.70%
SPPOMA: 1-5th Apr 22
Yield : -19.60%
OER : +0.58%
Prod : -16.55%
By: via Malaysian Palm Oil Council Russia
Yield : +3.43%
OER : -0.06%
*Prod : +3.16%*
SPPOMA: 1-25th Apr 22
Yield : +5.51%
OER : +0.01%
Prod : +5.56%
SPPOMA: 1-20th Apr 22
Yield : +6.52%
OER : +0.09%
Prod : +7.00%
SPPOMA: 1-15th Apr 22
Yield : +4.07%
OER : +0.23%
Prod : +5.28%
SPPOMA: 1-10th Apr 22
Yield : -6.96%
OER : +0.45%
Prod : -4.70%
SPPOMA: 1-5th Apr 22
Yield : -19.60%
OER : +0.58%
Prod : -16.55%
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil edges up, concerns over higher April stocks cap rise
KUALA LUMPUR, May 9 (Reuters) - Malaysian palm oil futures ticked up on Monday after last week's tumble, but estimates of a rise in April inventories kept gains in check.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.36%, to 6,436 ringgit ($1,471.09) a tonne during early trade.
Palm plunged 10% last week on the possibility of top producer Indonesia lifting a ban on exports.
FUNDAMENTALS
Malaysia's palm oil inventories at the end of April likely rose for the first time in six months to 1.55 million tonnes as production and imports climbed, a Reuters survey showed on Friday.
The Malaysian Palm Oil Board and cargo surveyors are scheduled to release key supply and demand data on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 eased 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
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 end its fall in a support zone of 6,190-6,290 ringgit, and then test a resistance at 6,602 ringgit a tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets got off to a shaky start as U.S. stock futures fell on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.
Oil prices slipped, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, May 9 (Reuters) - Malaysian palm oil futures ticked up on Monday after last week's tumble, but estimates of a rise in April inventories kept gains in check.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.36%, to 6,436 ringgit ($1,471.09) a tonne during early trade.
Palm plunged 10% last week on the possibility of top producer Indonesia lifting a ban on exports.
FUNDAMENTALS
Malaysia's palm oil inventories at the end of April likely rose for the first time in six months to 1.55 million tonnes as production and imports climbed, a Reuters survey showed on Friday.
The Malaysian Palm Oil Board and cargo surveyors are scheduled to release key supply and demand data on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 eased 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
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 end its fall in a support zone of 6,190-6,290 ringgit, and then test a resistance at 6,602 ringgit a tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets got off to a shaky start as U.S. stock futures fell on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.
Oil prices slipped, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Market Forum 2022
https://mpoc.org.my/market-forum-2022-resilience-amidst-market-uncertainties/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/market-forum-2022-resilience-amidst-market-uncertainties/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures continue downtrend on rising supply, possible lifting of Indonesia palm oil export ban
https://mpoc.org.my/cpo-futures-continue-downtrend-on-rising-supply-possible-lifting-of-indonesia-palm-oil-export-ban/
KUALA LUMPUR (May 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downtrend, ending lower on Friday amid expectations of an imminent cancellation of Indonesia’s palm oil export ban. Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said because of that, CPO futures had faced the most intense two […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-continue-downtrend-on-rising-supply-possible-lifting-of-indonesia-palm-oil-export-ban/
KUALA LUMPUR (May 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downtrend, ending lower on Friday amid expectations of an imminent cancellation of Indonesia’s palm oil export ban. Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said because of that, CPO futures had faced the most intense two […]
By: via Malaysian Palm Oil Council Russia
суббота, 7 мая 2022 г.
четверг, 5 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
*Reuters Poll Apr'22 vs May’22 MPOB:*
Prodn 1.48m vs 1.41m (+4.9%)
Impt 95k vs 85k
Expt 1.20m vs 1.27m (-5.6%)
LDsp 303k vs 276k
*Stks 1.55m vs 1.47m (+5.2%)*
Bloomberg Poll:
Prodn 1.48m vs 1.41m (+5%)
Impt 80k vs 85k
Expt 1.10m vs 1.27m (-13%)
LDsp 250k-320k vs 276k
Stks 1.66m vs 1.47m (+12.9%)
By: via Malaysian Palm Oil Council Russia
Prodn 1.48m vs 1.41m (+4.9%)
Impt 95k vs 85k
Expt 1.20m vs 1.27m (-5.6%)
LDsp 303k vs 276k
*Stks 1.55m vs 1.47m (+5.2%)*
Bloomberg Poll:
Prodn 1.48m vs 1.41m (+5%)
Impt 80k vs 85k
Expt 1.10m vs 1.27m (-13%)
LDsp 250k-320k vs 276k
Stks 1.66m vs 1.47m (+12.9%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
India Plans to Cut Taxes on Edible Oils to Cool Surging Prices
05/05/2022 16:43:54
Government may lower agri-infra cess on crude palm oil imports
Nation depends on imports for 60% of its vegetable oil needs
By Pratik Parija and Shruti Srivastava
(Bloomberg) -- India is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine and Indonesia’s ban on palm oil exports sent prices skyrocketing, according to people familiar with the matter.
India, the world’s top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports from5%, the people said, asking not to be identified as the information is private. The new tax amount is still being deliberated, the people said.
The cess is levied over and above basic tax rates on certain items, and is used to finance agriculture infrastructure projects. The base import duty on crude palm oil has already been scrapped.
A finance ministry spokesperson didn’t immediately respond to calls and a text message seeking comment. The agriculture and food ministries also weren’t immediately available to comment.
India is especially vulnerable to soaring vegetable oil prices as it relies on imports for 60% of its needs. Prices, which have been rallying for the past two years, extended the surge after Russia’s invasion of Ukraine locked out exports of sunflower oil and Indonesia, the biggest shipper of edible oils, imposed a ban on palm oil exports to protect its domestic market.
India has tried to cool prices in the past, including by reducing import duties on palm, soybean oil and sunflower oil, and limiting inventories to prevent hoarding. Success has been muted because the measures stoked expectations of higher purchases, which further boosted international prices.
The government is now looking to cut import duties on crude varieties of canola oil, olive oil, rice bran oil and palm kernel oil to 5% from 35% to help boost domestic supply, the people said.
By: via Malaysian Palm Oil Council Russia
05/05/2022 16:43:54
Government may lower agri-infra cess on crude palm oil imports
Nation depends on imports for 60% of its vegetable oil needs
By Pratik Parija and Shruti Srivastava
(Bloomberg) -- India is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine and Indonesia’s ban on palm oil exports sent prices skyrocketing, according to people familiar with the matter.
India, the world’s top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports from5%, the people said, asking not to be identified as the information is private. The new tax amount is still being deliberated, the people said.
The cess is levied over and above basic tax rates on certain items, and is used to finance agriculture infrastructure projects. The base import duty on crude palm oil has already been scrapped.
A finance ministry spokesperson didn’t immediately respond to calls and a text message seeking comment. The agriculture and food ministries also weren’t immediately available to comment.
India is especially vulnerable to soaring vegetable oil prices as it relies on imports for 60% of its needs. Prices, which have been rallying for the past two years, extended the surge after Russia’s invasion of Ukraine locked out exports of sunflower oil and Indonesia, the biggest shipper of edible oils, imposed a ban on palm oil exports to protect its domestic market.
India has tried to cool prices in the past, including by reducing import duties on palm, soybean oil and sunflower oil, and limiting inventories to prevent hoarding. Success has been muted because the measures stoked expectations of higher purchases, which further boosted international prices.
The government is now looking to cut import duties on crude varieties of canola oil, olive oil, rice bran oil and palm kernel oil to 5% from 35% to help boost domestic supply, the people said.
By: via Malaysian Palm Oil Council Russia
вторник, 3 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
*Edible oil prices could fall by up to 15% in June, says Adani Wilmar CEO*
2022-05-04 02:43:37.428 GMT
By Shubhra Tandon
May 4 (Financial Express) -- Edible oil prices, which have been soaring since February due to geopolitical tensions and the recent ban on exports by Indonesia, could decline by up to 15% by June. Speaking to FE, Angshu Mallick, chief executive officer and managing director at Adani Wilmar, said prices have peaked and should start to correct from next month onwards. Also, Indonesia should lift the ban on palm oil exports by May 10. "By the end of the June quarter, we should see a correction in edible oil prices. Prices should surely correct by 10-15%. We have seen the peak, and by June, we will see the market getting corrected," he said.
Adani Wilmar took an average price hike of 30-35% in the edible oil segment during the quarter ended March 31. The cost of raw material consumed in the three months to March 2022 was up 40% year-on-year to Rs 13,666 crore. For the full year ended March, raw material costs were up 49% y-o-y to Rs 48,214 crore.
Mallick said while the Ukraine-Russia war was already a setback, Indonesia banning palm oil exports all of a sudden
came as another blow. "We feel the peak is over. Now, it is a question of prices declining because there isn't any bad news left to be accounted for," he said.
According to Mallick, as Indonesia is a palm oil surplus country, it cannot afford to hold the stock for long and is
also short on storage. "They can wait for 7-10 or 15 days, but they have to export because they do not have enough storage to keep the oil. I feel that by May 10, it should start exporting and prices should start looking downwards because there is no other reason left for higher prices," he said.
India imports more than 55% of its edible oil consumption annually, either in crude or refined form. Out of India's
imports of 7.2 million tonne (MT) of palm oil annually from Indonesia and Malaysia in 2021-22, 5.4 MT was crude palm oil.
For FY22, Adani Wilmar reported a Y-o-Y increase of 26% in its consolidated net profit to Rs 804 crore. Revenue from operations grew 46% to Rs 54,214 crore while EBITDA was up 34% to Rs 1,909 crore.
In FY23, Adani Wilmar expects the edible oil to continue to grow at 6-8%, staples and food basked at more than 30% and industry essentials at 5-6% in terms of volumes, while the value growth will depend on the market. The company also expects to hold on to the margins with edible oil prices coming down. "Overall, margins should not go down, it should remain at these levels what we have done in Q4," Mallick said.
Copyright 2022 IE Online Media Services Pvt. Ltd., distributed
by Contify.com
By: via Malaysian Palm Oil Council Russia
2022-05-04 02:43:37.428 GMT
By Shubhra Tandon
May 4 (Financial Express) -- Edible oil prices, which have been soaring since February due to geopolitical tensions and the recent ban on exports by Indonesia, could decline by up to 15% by June. Speaking to FE, Angshu Mallick, chief executive officer and managing director at Adani Wilmar, said prices have peaked and should start to correct from next month onwards. Also, Indonesia should lift the ban on palm oil exports by May 10. "By the end of the June quarter, we should see a correction in edible oil prices. Prices should surely correct by 10-15%. We have seen the peak, and by June, we will see the market getting corrected," he said.
Adani Wilmar took an average price hike of 30-35% in the edible oil segment during the quarter ended March 31. The cost of raw material consumed in the three months to March 2022 was up 40% year-on-year to Rs 13,666 crore. For the full year ended March, raw material costs were up 49% y-o-y to Rs 48,214 crore.
Mallick said while the Ukraine-Russia war was already a setback, Indonesia banning palm oil exports all of a sudden
came as another blow. "We feel the peak is over. Now, it is a question of prices declining because there isn't any bad news left to be accounted for," he said.
According to Mallick, as Indonesia is a palm oil surplus country, it cannot afford to hold the stock for long and is
also short on storage. "They can wait for 7-10 or 15 days, but they have to export because they do not have enough storage to keep the oil. I feel that by May 10, it should start exporting and prices should start looking downwards because there is no other reason left for higher prices," he said.
India imports more than 55% of its edible oil consumption annually, either in crude or refined form. Out of India's
imports of 7.2 million tonne (MT) of palm oil annually from Indonesia and Malaysia in 2021-22, 5.4 MT was crude palm oil.
For FY22, Adani Wilmar reported a Y-o-Y increase of 26% in its consolidated net profit to Rs 804 crore. Revenue from operations grew 46% to Rs 54,214 crore while EBITDA was up 34% to Rs 1,909 crore.
In FY23, Adani Wilmar expects the edible oil to continue to grow at 6-8%, staples and food basked at more than 30% and industry essentials at 5-6% in terms of volumes, while the value growth will depend on the market. The company also expects to hold on to the margins with edible oil prices coming down. "Overall, margins should not go down, it should remain at these levels what we have done in Q4," Mallick said.
Copyright 2022 IE Online Media Services Pvt. Ltd., distributed
by Contify.com
By: via Malaysian Palm Oil Council Russia
воскресенье, 1 мая 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat set for third monthly gain on global supply worries
SINGAPORE, April 29 (Reuters) - Chicago wheat futures eased on Friday, but the market was poised for a third straight monthly gain as tightening global supplies after Russia's invasion of Ukraine underpinned prices.
Corn was set for a fifth month of gains in a row and the latest support for the market stemmed from forecasts of more showers that will further delay planting in the rain-soaked U.S. Midwest.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 has risen almost 8% in April. The market was trading down 0.2% at $10.83-1/2 a bushel.
Corn Cv1 has added 8.5% this month, while soybeans Sv1 are up 4.1%.
Russia's invasion of Ukraine has curbed wheat exports from the Black Sea region, a key supplier.
The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid to woo U.S. wheat producers to double-crop their fields, and boost how much the federal government will spend on short-term loans to farmers who grow certain food crops.
Good moisture reserves in soil, an important factor in the healthy development of crops, will benefit the harvest in Russia's main wheat-producing regions this year, state weather forecaster Hydrometcentre said on Thursday.
Signs of strong export demand added support for the corn market. Private exporters reported the sale of 1.088 million tonnes of corn to China, the U.S. Department of Agriculture said.
A weekly report showed corn export sales totalled 1.710 million tonnes, up 35% from a week earlier.
In the edible oil market, Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
Commodity funds were net buyers of CBOT soyoil and corn contracts on Thursday, traders said. The funds were net sellers of CBOT soybeans, wheat and soymeal.
MARKET NEWS
The U.S. dollar touched a two-decade high against rivals on Thursday, as Wall Street rallied and European shares rose from six-week lows with strong earnings reports offsetting gloomy U.S. economic data.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, April 29 (Reuters) - Chicago wheat futures eased on Friday, but the market was poised for a third straight monthly gain as tightening global supplies after Russia's invasion of Ukraine underpinned prices.
Corn was set for a fifth month of gains in a row and the latest support for the market stemmed from forecasts of more showers that will further delay planting in the rain-soaked U.S. Midwest.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 has risen almost 8% in April. The market was trading down 0.2% at $10.83-1/2 a bushel.
Corn Cv1 has added 8.5% this month, while soybeans Sv1 are up 4.1%.
Russia's invasion of Ukraine has curbed wheat exports from the Black Sea region, a key supplier.
The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid to woo U.S. wheat producers to double-crop their fields, and boost how much the federal government will spend on short-term loans to farmers who grow certain food crops.
Good moisture reserves in soil, an important factor in the healthy development of crops, will benefit the harvest in Russia's main wheat-producing regions this year, state weather forecaster Hydrometcentre said on Thursday.
Signs of strong export demand added support for the corn market. Private exporters reported the sale of 1.088 million tonnes of corn to China, the U.S. Department of Agriculture said.
A weekly report showed corn export sales totalled 1.710 million tonnes, up 35% from a week earlier.
In the edible oil market, Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
Commodity funds were net buyers of CBOT soyoil and corn contracts on Thursday, traders said. The funds were net sellers of CBOT soybeans, wheat and soymeal.
MARKET NEWS
The U.S. dollar touched a two-decade high against rivals on Thursday, as Wall Street rallied and European shares rose from six-week lows with strong earnings reports offsetting gloomy U.S. economic data.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set for biggest weekly jump in a year on Indonesia's export ban
KUALA LUMPUR, April 29 (Reuters) - Malaysian palm oil futures rose on Friday and were set for their biggest weekly jump in a year, as an export ban by top producer Indonesia stoked concerns about supplies, sending global edible oil prices sharply higher.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange climbed 78 ringgit, or 1.13%, to 6,992 ringgit ($1,603.67) a tonne in early trade, rising for a third session in four.
For the week, the contract has gained 10.5% so far in what could be its biggest since May 7, 2021.
FUNDAMENTALS
Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
As a shortage of sunflower oil ripples through the global food industry, Unilever said on Thursday that it has altered some of its recipes so it can substitute rapeseed oil instead, a move that could help it save money as input costs soar.
Dalian's most-active soyoil contract DBYcv1 rose 1.3%, while its palm oil contract DCPcv1 gained 4.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.8% after a 3.2% jump overnight.
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 7,107 ringgit a tonne, a break above which could lead to a gain into the range of 7,239-7,419 ringgit, Reuters technical analyst Wang Tao said.
The Malaysian bourse will be closed until May 5 for Eid al-Fitr.
MARKET NEWS
Asian shares clung on to small gains on Friday thanks to a solid Wall Street session, but were still set for their worst month in two years, as China growth fears and looming U.S. rate hikes dragged on sentiment and sent the safe-haven dollar soaring.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, April 29 (Reuters) - Malaysian palm oil futures rose on Friday and were set for their biggest weekly jump in a year, as an export ban by top producer Indonesia stoked concerns about supplies, sending global edible oil prices sharply higher.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange climbed 78 ringgit, or 1.13%, to 6,992 ringgit ($1,603.67) a tonne in early trade, rising for a third session in four.
For the week, the contract has gained 10.5% so far in what could be its biggest since May 7, 2021.
FUNDAMENTALS
Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
As a shortage of sunflower oil ripples through the global food industry, Unilever said on Thursday that it has altered some of its recipes so it can substitute rapeseed oil instead, a move that could help it save money as input costs soar.
Dalian's most-active soyoil contract DBYcv1 rose 1.3%, while its palm oil contract DCPcv1 gained 4.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.8% after a 3.2% jump overnight.
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 7,107 ringgit a tonne, a break above which could lead to a gain into the range of 7,239-7,419 ringgit, Reuters technical analyst Wang Tao said.
The Malaysian bourse will be closed until May 5 for Eid al-Fitr.
MARKET NEWS
Asian shares clung on to small gains on Friday thanks to a solid Wall Street session, but were still set for their worst month in two years, as China growth fears and looming U.S. rate hikes dragged on sentiment and sent the safe-haven dollar soaring.
By: via Malaysian Palm Oil Council Russia
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