https://t.me/+XbCbm4PEsgo2YmMy
By: via Malaysian Palm Oil Council Russia
четверг, 30 июня 2022 г.
среда, 29 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago corn falls on improving weather prospects, ahead of govt report
BEIJING, June 30 (Reuters) - Chicago corn fell on Thursday, weighed down by increased chances of rain in growing areas in the United States.
Wheat and soybeans also fell.
Traders were also watching a government crop report on Thursday and adjusted their positions ahead of it.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 0.42% to $6.51 a bushel.
Wheat Wv1 fell 0.59% to $9.24-3/4 a bushel and soybeans Sv1 edged down 0.02% to $17.48 a bushel.
Traders expect the U.S. Department of Agriculture (USDA) to raise its estimate of domestic corn plantings in its acreage and stocks report to be released on Thursday. USDA was also expected to cut its estimates on soybean and spring wheat planting acreage in the report.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), bought 815,000 tonnes of mainly French wheat in a tender, marking its biggest single purchase in years as prices slightly ease.
Argentina's major farm groups called for a trade strike to pressure the government to do more as frustration over crippling shortages of diesel and fertilizers weighs on the country's key agricultural sector.
The U.S. soybean crush likely totalled 5.457 million short tons in May, or 181.9 million bushels, according to a Reuters poll, which would be above the 180.9 million bushels processed in April and up from the 173.5 million bushels crushed in the same month last year.
A truck driver protest in Argentina is slashing the number of freight vehicles carrying grains to the country's main port on Wednesday, threatening exports and milling.
Brazil 2021/2022 total corn crop was seen at 116.10 million tonnes, vs. 114.35 million tonnes in previous forecast, according to Datagro.
The Russia-focused Sovecon agriculture consultancy raised its forecast for Russia's July-June wheat exports by 300,000 tonnes to a new record high of 42.6 million tonnes.
Russia said on Wednesday it was ready to work with the United Nations to combat the risks of a global food crisis, and was willing to meet its obligations to export food and fertilisers.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago and below the average of estimates in a Reuters poll.
Commodity funds were net buyers of Chicago Board of Trade soybean, soymeal and soyoil futures contracts on Wednesday; net sellers of wheat futures contracts; and net even in corn, traders said.
MARKET NEWS
U.S. Treasury yields eased for a second consecutive day and the dollar rose, after Federal Reserve Chairman Jerome Powell said there is a risk the U.S. central bank's interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation.
By: via Malaysian Palm Oil Council Russia
BEIJING, June 30 (Reuters) - Chicago corn fell on Thursday, weighed down by increased chances of rain in growing areas in the United States.
Wheat and soybeans also fell.
Traders were also watching a government crop report on Thursday and adjusted their positions ahead of it.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 0.42% to $6.51 a bushel.
Wheat Wv1 fell 0.59% to $9.24-3/4 a bushel and soybeans Sv1 edged down 0.02% to $17.48 a bushel.
Traders expect the U.S. Department of Agriculture (USDA) to raise its estimate of domestic corn plantings in its acreage and stocks report to be released on Thursday. USDA was also expected to cut its estimates on soybean and spring wheat planting acreage in the report.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), bought 815,000 tonnes of mainly French wheat in a tender, marking its biggest single purchase in years as prices slightly ease.
Argentina's major farm groups called for a trade strike to pressure the government to do more as frustration over crippling shortages of diesel and fertilizers weighs on the country's key agricultural sector.
The U.S. soybean crush likely totalled 5.457 million short tons in May, or 181.9 million bushels, according to a Reuters poll, which would be above the 180.9 million bushels processed in April and up from the 173.5 million bushels crushed in the same month last year.
A truck driver protest in Argentina is slashing the number of freight vehicles carrying grains to the country's main port on Wednesday, threatening exports and milling.
Brazil 2021/2022 total corn crop was seen at 116.10 million tonnes, vs. 114.35 million tonnes in previous forecast, according to Datagro.
The Russia-focused Sovecon agriculture consultancy raised its forecast for Russia's July-June wheat exports by 300,000 tonnes to a new record high of 42.6 million tonnes.
Russia said on Wednesday it was ready to work with the United Nations to combat the risks of a global food crisis, and was willing to meet its obligations to export food and fertilisers.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago and below the average of estimates in a Reuters poll.
Commodity funds were net buyers of Chicago Board of Trade soybean, soymeal and soyoil futures contracts on Wednesday; net sellers of wheat futures contracts; and net even in corn, traders said.
MARKET NEWS
U.S. Treasury yields eased for a second consecutive day and the dollar rose, after Federal Reserve Chairman Jerome Powell said there is a risk the U.S. central bank's interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil set for steepest monthly decline since 2008 financial crisis
KUALA LUMPUR, June 30 (Reuters) - Malaysian palm oil futures firmed on Thursday ahead of June export data, but worries over declining shipments and rising production set the contract for its biggest monthly slump since the 2008 financial crisis.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 12 ringgit, or 0.24%, to 4,915 ringgit ($1,116.54) a tonne during early trade.
For the month, the contract plunged 22%, its sharpest drop since October 2008.
FUNDAMENTALS
Cargo surveyors are expected to release estimates for June exports later in the day. Traders are expecting shipments to remain weak amid top producer Indonesia's push to boost exports.
Industry groups have so far pegged a double-digit growth in production this month, although temporary mill closures in some parts of Malaysia due to declining palm prices may hurt output.
Dalian's most-active soyoil contract DBYcv1 fell 0.2%, while its palm oil contract DCPcv1 eased 0.02%. 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 test a support at 4,742 ringgit per tonne, as it could have completed a bounce from the recent low of 4,493 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 30 (Reuters) - Malaysian palm oil futures firmed on Thursday ahead of June export data, but worries over declining shipments and rising production set the contract for its biggest monthly slump since the 2008 financial crisis.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 12 ringgit, or 0.24%, to 4,915 ringgit ($1,116.54) a tonne during early trade.
For the month, the contract plunged 22%, its sharpest drop since October 2008.
FUNDAMENTALS
Cargo surveyors are expected to release estimates for June exports later in the day. Traders are expecting shipments to remain weak amid top producer Indonesia's push to boost exports.
Industry groups have so far pegged a double-digit growth in production this month, although temporary mill closures in some parts of Malaysia due to declining palm prices may hurt output.
Dalian's most-active soyoil contract DBYcv1 fell 0.2%, while its palm oil contract DCPcv1 eased 0.02%. 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 test a support at 4,742 ringgit per tonne, as it could have completed a bounce from the recent low of 4,493 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago wheat extends gains on demand optimism
BEIJING, June 29 (Reuters) - Chicago wheat futures extended gains on Wednesday, lifted by signs of improved demand and bargain-buying after three straight sessions pushed the contract to its lowest level since February.
Corn and soybeans edged lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.29% to $9.38-3/4 a bushel.
Corn Cv1 fell 0.46% to $6.56-1/4 a bushel and soybeans Sv1 edged down 0.39% to $14.56-3/4 a bushel.
Jordan's state grains buyer purchased about 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender that closed on Tuesday.
Indicating signs of demand, Bangladesh and Pakistan also launched tenders to purchase wheat. The reports of more demand supported Chicago wheat prices.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago and below the average of estimates in a Reuters poll.
Russia, the world's largest wheat exporter, will change its formula for calculating grain and sunflower oil export taxes to support shipments amid a strong rouble currency, the economy ministry said on Tuesday.
Brazil corn exports are forecast to reach 1.683 million tonnes in June, versus 1.758 million tonnes forecast a week earlier. Soybean exports from the South American country were seen reaching 10.154 million tonnes in June vs 10.795 million tonnes forecast in previous week, ANEC said Tuesday.
Commodity funds were net buyers of Chicago Board of Trade corn, soybean, wheat, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKET NEWS
Stocks on global indexes fell sharply on Tuesday, with the S&P 500 down 2% after a report showed U.S. consumer confidence dropped in June amid concerns about inflation, while oil prices gained for a third day.
By: via Malaysian Palm Oil Council Russia
BEIJING, June 29 (Reuters) - Chicago wheat futures extended gains on Wednesday, lifted by signs of improved demand and bargain-buying after three straight sessions pushed the contract to its lowest level since February.
Corn and soybeans edged lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.29% to $9.38-3/4 a bushel.
Corn Cv1 fell 0.46% to $6.56-1/4 a bushel and soybeans Sv1 edged down 0.39% to $14.56-3/4 a bushel.
Jordan's state grains buyer purchased about 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender that closed on Tuesday.
Indicating signs of demand, Bangladesh and Pakistan also launched tenders to purchase wheat. The reports of more demand supported Chicago wheat prices.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago and below the average of estimates in a Reuters poll.
Russia, the world's largest wheat exporter, will change its formula for calculating grain and sunflower oil export taxes to support shipments amid a strong rouble currency, the economy ministry said on Tuesday.
Brazil corn exports are forecast to reach 1.683 million tonnes in June, versus 1.758 million tonnes forecast a week earlier. Soybean exports from the South American country were seen reaching 10.154 million tonnes in June vs 10.795 million tonnes forecast in previous week, ANEC said Tuesday.
Commodity funds were net buyers of Chicago Board of Trade corn, soybean, wheat, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKET NEWS
Stocks on global indexes fell sharply on Tuesday, with the S&P 500 down 2% after a report showed U.S. consumer confidence dropped in June amid concerns about inflation, while oil prices gained for a third day.
By: via Malaysian Palm Oil Council Russia
вторник, 28 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm slips as bigger Indonesia export quotas weigh
KUALA LUMPUR, June 29 (Reuters) - Malaysian palm oil futures fell more than 1% on Wednesday, snapping a two-day rally, after Indonesia raised export quotas for companies.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 68 ringgit, or 1.36%, to 4,921 ringgit ($1,118.92) a tonne during early trade.
FUNDAMENTALS
Indonesian palm oil companies will be offered larger export quotas under new plans to adjust rules on local cooking oil sales, officials said on Tuesday, part of government efforts to improve domestic distribution after a months-long price crisis.
Dalian's most-active soyoil contract DBYcv1 rose 0.5%, while its palm oil contract DCPcv1 gained 0.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.1%.
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 4,742 ringgit per tonne, as it could have completed a bounce from the recent low of 4,493 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks on global indexes fell sharply on Tuesday, with the S&P 500 down 2% after a report showed U.S. consumer confidence dropped in June amid concerns about inflation, while oil prices gained for a third day.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 29 (Reuters) - Malaysian palm oil futures fell more than 1% on Wednesday, snapping a two-day rally, after Indonesia raised export quotas for companies.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 68 ringgit, or 1.36%, to 4,921 ringgit ($1,118.92) a tonne during early trade.
FUNDAMENTALS
Indonesian palm oil companies will be offered larger export quotas under new plans to adjust rules on local cooking oil sales, officials said on Tuesday, part of government efforts to improve domestic distribution after a months-long price crisis.
Dalian's most-active soyoil contract DBYcv1 rose 0.5%, while its palm oil contract DCPcv1 gained 0.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.1%.
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 4,742 ringgit per tonne, as it could have completed a bounce from the recent low of 4,493 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks on global indexes fell sharply on Tuesday, with the S&P 500 down 2% after a report showed U.S. consumer confidence dropped in June amid concerns about inflation, while oil prices gained for a third day.
By: via Malaysian Palm Oil Council Russia
понедельник, 27 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Drought in South America: Implication on Palm Oil Trade by Brazil and Argentina
https://mpoc.org.my/drought-in-south-america-implication-on-palm-oil-trade-by-brazil-and-argentina/
South America Global Weather Events Known as the South American agricultural powerhouse, Brazil and Argentina crop production in 2022 is expected to greatly affect the global oils and fats market. Both Brazil and Argentina account for almost 50% of total global soybean supply, with Brazil ranked as the largest exporter of soybean worldwide. Argentina is […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/drought-in-south-america-implication-on-palm-oil-trade-by-brazil-and-argentina/
South America Global Weather Events Known as the South American agricultural powerhouse, Brazil and Argentina crop production in 2022 is expected to greatly affect the global oils and fats market. Both Brazil and Argentina account for almost 50% of total global soybean supply, with Brazil ranked as the largest exporter of soybean worldwide. Argentina is […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Chicago wheat rises on short-covering after falling on expanded harvest
BEIJING, June 28 (Reuters) - Chicago wheat futures rose on Tuesday on short covering, after falling to a four-month low in the previous session as ongoing winter harvest was ahead of expectations.
Corn and soybeans both edged up.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.65% to $9.23-1/2 a bushel. The market fell to its lowest since February on Monday, pressured by the expanding harvest of winter wheat in the Northern Hemisphere and a lack of demand for U.S. supplies.
Corn Cv1 climbed 0.24% to $7.46 a bushel and soybeans Sv1 edged up 0.37% to $14.38 a bushel.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago. Its U.S. soybean crop rating also fell by 3 percentage points to 65% good to excellent, according to the report.
The U.S. Food and Drug Administration concluded a review of Argentine biotechnology firm Bioceres' BIOX.BA genetically modified (GMO) wheat without further questions, a "key step" to commercializing it in the United States, the company said on Monday.
The USDA said the U.S. winter wheat harvest was 41% complete, more than trade expectations and ahead of the five-year average of 35%.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), announced on Monday that it is seeking an unspecified amount of wheat in an international tender.
Commodity funds were net sellers of Chicago Board of Trade corn and wheat futures contracts on Monday, and net buyers of soybean, soymeal and soyoil futures, traders said.
MARKET NEWS
U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose.
By: via Malaysian Palm Oil Council Russia
BEIJING, June 28 (Reuters) - Chicago wheat futures rose on Tuesday on short covering, after falling to a four-month low in the previous session as ongoing winter harvest was ahead of expectations.
Corn and soybeans both edged up.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.65% to $9.23-1/2 a bushel. The market fell to its lowest since February on Monday, pressured by the expanding harvest of winter wheat in the Northern Hemisphere and a lack of demand for U.S. supplies.
Corn Cv1 climbed 0.24% to $7.46 a bushel and soybeans Sv1 edged up 0.37% to $14.38 a bushel.
The U.S. Department of Agriculture (USDA) cut its rating of the country's corn crop in good-to-excellent shape to 67% in its weekly crop progress report, down 3 percentage points from a week ago. Its U.S. soybean crop rating also fell by 3 percentage points to 65% good to excellent, according to the report.
The U.S. Food and Drug Administration concluded a review of Argentine biotechnology firm Bioceres' BIOX.BA genetically modified (GMO) wheat without further questions, a "key step" to commercializing it in the United States, the company said on Monday.
The USDA said the U.S. winter wheat harvest was 41% complete, more than trade expectations and ahead of the five-year average of 35%.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), announced on Monday that it is seeking an unspecified amount of wheat in an international tender.
Commodity funds were net sellers of Chicago Board of Trade corn and wheat futures contracts on Monday, and net buyers of soybean, soymeal and soyoil futures, traders said.
MARKET NEWS
U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil falls over 2% on higher output outlook
KUALA LUMPUR, June 28 (Reuters) - Malaysian palm oil futures fell on Tuesday, giving up some gains from the previous session, as expectations of rising production and fears of recession weighed on prices.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 133 ringgit, or 2.7%, to 4,789 ringgit a tonne during early trade.
Palm had jumped 5% in the previous session.
FUNDAMENTALS
The Southern Peninsula Palm Oil Millers' Association (SPPOMA) estimated June 1-25 production to rise 17.19% from the previous month, traders said on Monday.
Some palm oil millers in Malaysia, the world's second largest producer, have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from the Malaysian Palm Oil Millers Association (POMA) told Reuters on Monday.
The recent hike in U.S. federal interest rates and the return of Indonesia's palm oil exports have sparked a steep price correction from record highs hit earlier in the year, Refinitiv Commodities Research said in a note late Monday.
Palm fundamentals are bearish and market sentiment is weak on expectations of recession and rising economic risks, but the downside is limited by a weak Malaysian Ringgit and huge palm price discounts to rival soybean oil, Refinitiv said.
Dalian's most-active soyoil contract DBYcv1 rose 1.8%, while its palm oil contract DCPcv1 were up 2.5%. Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.8%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian shares edged down in early trade on Tuesday with investors taking their cue from a volatile Wall Street session overnight, while oil prices climbed following last week's rout.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 28 (Reuters) - Malaysian palm oil futures fell on Tuesday, giving up some gains from the previous session, as expectations of rising production and fears of recession weighed on prices.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 133 ringgit, or 2.7%, to 4,789 ringgit a tonne during early trade.
Palm had jumped 5% in the previous session.
FUNDAMENTALS
The Southern Peninsula Palm Oil Millers' Association (SPPOMA) estimated June 1-25 production to rise 17.19% from the previous month, traders said on Monday.
Some palm oil millers in Malaysia, the world's second largest producer, have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from the Malaysian Palm Oil Millers Association (POMA) told Reuters on Monday.
The recent hike in U.S. federal interest rates and the return of Indonesia's palm oil exports have sparked a steep price correction from record highs hit earlier in the year, Refinitiv Commodities Research said in a note late Monday.
Palm fundamentals are bearish and market sentiment is weak on expectations of recession and rising economic risks, but the downside is limited by a weak Malaysian Ringgit and huge palm price discounts to rival soybean oil, Refinitiv said.
Dalian's most-active soyoil contract DBYcv1 rose 1.8%, while its palm oil contract DCPcv1 were up 2.5%. Soyoil prices on the Chicago Board of Trade BOcv1 gained 0.8%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian shares edged down in early trade on Tuesday with investors taking their cue from a volatile Wall Street session overnight, while oil prices climbed following last week's rout.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
"СовЭкон" отметил падение цен на подсолнечник в РФ до минимума с осени 2020 г.
Цены на подсолнечник в РФ упали до минимума с осени 2020 года, сообщает аналитический центр "СовЭкон".
По итогам минувшей недели они составили 29 675 рублей за тонну (средние цены в европейской части России, без НДС), что на 3 025 рублей ниже, чем неделей ранее.
"На цены оказывает давление крепкий рубль, рекордные запасы к концу сезона и необходимость для части фермеров освобождать мощности по хранению в преддверии нового урожая", - говорится в сообщении.
By: via Malaysian Palm Oil Council Russia
Цены на подсолнечник в РФ упали до минимума с осени 2020 года, сообщает аналитический центр "СовЭкон".
По итогам минувшей недели они составили 29 675 рублей за тонну (средние цены в европейской части России, без НДС), что на 3 025 рублей ниже, чем неделей ранее.
"На цены оказывает давление крепкий рубль, рекордные запасы к концу сезона и необходимость для части фермеров освобождать мощности по хранению в преддверии нового урожая", - говорится в сообщении.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rebounds, weak exports cap gains
KUALA LUMPUR, June 27 (Reuters) - Malaysian palm oil futures jumped more than 2% on Monday, recouping some losses from a plunge last week, but gains were capped by weak exports so far in June.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 111 ringgit, or 2.38%, to 4,775 ringgit ($1,084.73) a tonne during early trade.
Palm declined 14.5% last week, effectively giving up most the gains for this year so far. The contract had rallied earlier this year due to a global edible oil shortage after Russia's invasion of Ukraine disrupted supplies of sunflower oil.
FUNDAMENTALS
Exports of Malaysian palm oil products for June 1-25 fell between 13% and 19.6% from the same period in May, cargo surveyors said said on Saturday.
Germany does not expect its proposal for a temporary waiver on biofuel mandates to get agreement from the Group of Seven leading industrialized democracies due to resistance from the United States and Canada, a German government source said.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 0.04%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.14%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
MARKET NEWS
Stocks gained in Asia, amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 27 (Reuters) - Malaysian palm oil futures jumped more than 2% on Monday, recouping some losses from a plunge last week, but gains were capped by weak exports so far in June.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 111 ringgit, or 2.38%, to 4,775 ringgit ($1,084.73) a tonne during early trade.
Palm declined 14.5% last week, effectively giving up most the gains for this year so far. The contract had rallied earlier this year due to a global edible oil shortage after Russia's invasion of Ukraine disrupted supplies of sunflower oil.
FUNDAMENTALS
Exports of Malaysian palm oil products for June 1-25 fell between 13% and 19.6% from the same period in May, cargo surveyors said said on Saturday.
Germany does not expect its proposal for a temporary waiver on biofuel mandates to get agreement from the Group of Seven leading industrialized democracies due to resistance from the United States and Canada, a German government source said.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 0.04%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.14%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
MARKET NEWS
Stocks gained in Asia, amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening.
By: via Malaysian Palm Oil Council Russia
воскресенье, 26 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
High commodity prices boost Bursa activity
https://mpoc.org.my/high-commodity-prices-boost-bursa-activity/
In times of volatility, the increased trading in FCPO shows continued confidence from the palm oil industry as well as the global trading community in FCPO as an effective risk management tool. HIGH commodity prices have boosted the trading of crude palm oil futures (FCPO) on Bursa Malaysia although in terms of equities, average daily […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/high-commodity-prices-boost-bursa-activity/
In times of volatility, the increased trading in FCPO shows continued confidence from the palm oil industry as well as the global trading community in FCPO as an effective risk management tool. HIGH commodity prices have boosted the trading of crude palm oil futures (FCPO) on Bursa Malaysia although in terms of equities, average daily […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Are days of ‘super-high’ CPO prices gone?
https://mpoc.org.my/are-days-of-super-high-cpo-prices-gone/
PETALING JAYA: Commodity prices that stoked inflation are falling fast and this includes crude palm oil (CPO), which saw prices tumble by almost a quarter in less than a month. On June 22, Malaysia’s daily average CPO price fell to the lowest level this year at RM5,046 per tonne, about RM3,000 lower than the record-high […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/are-days-of-super-high-cpo-prices-gone/
PETALING JAYA: Commodity prices that stoked inflation are falling fast and this includes crude palm oil (CPO), which saw prices tumble by almost a quarter in less than a month. On June 22, Malaysia’s daily average CPO price fell to the lowest level this year at RM5,046 per tonne, about RM3,000 lower than the record-high […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Crude palm oil's (CPO) price decline to below RM5,000 a tonne on Wednesday (June 22, 2022) was sharper than expected, possibly driven by slower global economic growth concerns and as CPO prices tracked price losses of crude oil and rival edible oils, besides taking cue from rising palm oil exports from Indonesia.
KUALA LUMPUR (June 23): CGS-CIMB Securities Sdn Bhd said on Thursday (June 23, 2022) crude palm oil's (CPO) price decline to below RM5,000 a tonne on Wednesday (June 22, 2022) was sharper than expected, possibly driven by slower global economic growth concerns and as CPO prices tracked price losses of crude oil and rival edible oils, besides taking cue from rising palm oil exports from Indonesia.
"The benchmark active three-month futures palm oil contract for September [2022] delivery fell RM482/tonne, or 9.68%, to RM4,498/tonne, its sharpest daily loss since Jan 2020," CGS-CIMB analysts Ivy Ng Lee Fang and Nagulan Ravi wrote in a note.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR (June 23): CGS-CIMB Securities Sdn Bhd said on Thursday (June 23, 2022) crude palm oil's (CPO) price decline to below RM5,000 a tonne on Wednesday (June 22, 2022) was sharper than expected, possibly driven by slower global economic growth concerns and as CPO prices tracked price losses of crude oil and rival edible oils, besides taking cue from rising palm oil exports from Indonesia.
"The benchmark active three-month futures palm oil contract for September [2022] delivery fell RM482/tonne, or 9.68%, to RM4,498/tonne, its sharpest daily loss since Jan 2020," CGS-CIMB analysts Ivy Ng Lee Fang and Nagulan Ravi wrote in a note.
By: via Malaysian Palm Oil Council Russia
пятница, 24 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. wheat set for second weekly fall as economic worries grow
June 24 (Reuters) - Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive weekly slump, dragged down by growing concerns over a global economic downturn, while an improved outlook for U.S. crops also added pressure.
Ongoing talks over a shipping corridor for Ukrainian grain exports trapped amid a four-month-old war also weighed on prices this week.
Corn futures fell, but soybeans edged higher after a four-day slide.
FUNDAMENTALS
The most-active September wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 0.8% at $9.42 a bushel, as of 0140 GMT, after earlier touching its lowest since March 1 at $9.38-3/4.
Most-traded November soybeans Sv1 rose 0.1% to $14.16-3/4 a bushel, while most-active December corn Cv1 lost 0.2% to $6.54 a bushel.
Traders kept an eye on talks over a safe corridor for Ukrainian grain, while Washington has sought to avert repercussions of sanctions on Russian food and fertilizer exports.
British Prime Minister Boris Johnson said the country was willing to assist with demining operations off Ukraine's southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country.
Ankara was investigating claims that Ukrainian grain has been stolen by Russia and shipped to countries including Turkey, but probes had not found any stolen shipments so far, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday.
China's soymeal inventories have tripled in the last three months as large volumes of soybeans arrived in the country where demand for the animal feed ingredient is weak, analysts and traders said.
China's most-active soymeal futures contract DSMcv1 fell nearly 3% in early Friday trade, while rapeseed meal futures CRSMcv1 slumped 3.3%.
The U.S. Department of Agriculture on Friday will issue weekly U.S. grain and soybean export sales data.
MARKETS NEWS
Stocks in global markets rose on Thursday as U.S. Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown.
By: via Malaysian Palm Oil Council Russia
June 24 (Reuters) - Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive weekly slump, dragged down by growing concerns over a global economic downturn, while an improved outlook for U.S. crops also added pressure.
Ongoing talks over a shipping corridor for Ukrainian grain exports trapped amid a four-month-old war also weighed on prices this week.
Corn futures fell, but soybeans edged higher after a four-day slide.
FUNDAMENTALS
The most-active September wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 0.8% at $9.42 a bushel, as of 0140 GMT, after earlier touching its lowest since March 1 at $9.38-3/4.
Most-traded November soybeans Sv1 rose 0.1% to $14.16-3/4 a bushel, while most-active December corn Cv1 lost 0.2% to $6.54 a bushel.
Traders kept an eye on talks over a safe corridor for Ukrainian grain, while Washington has sought to avert repercussions of sanctions on Russian food and fertilizer exports.
British Prime Minister Boris Johnson said the country was willing to assist with demining operations off Ukraine's southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country.
Ankara was investigating claims that Ukrainian grain has been stolen by Russia and shipped to countries including Turkey, but probes had not found any stolen shipments so far, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday.
China's soymeal inventories have tripled in the last three months as large volumes of soybeans arrived in the country where demand for the animal feed ingredient is weak, analysts and traders said.
China's most-active soymeal futures contract DSMcv1 fell nearly 3% in early Friday trade, while rapeseed meal futures CRSMcv1 slumped 3.3%.
The U.S. Department of Agriculture on Friday will issue weekly U.S. grain and soybean export sales data.
MARKETS NEWS
Stocks in global markets rose on Thursday as U.S. Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown.
By: via Malaysian Palm Oil Council Russia
четверг, 23 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm slides 4%, set for sharpest weekly drop since mid-March
KUALA LUMPUR, June 24 (Reuters) - Malaysian palm oil futures fell as much as 4% early on Friday, keeping them on course for their biggest weekly drop since mid-March, as a slump in rival soy oil prices and rising production outlook weighed on the market.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 167 ringgit, or 3.52%, to 4,577 ringgit ($1,039.52) a tonne in early trade.
The contract has declined 16% so far this week, heading for its third straight weekly fall.
FUNDAMENTALS
The Malaysian Palm Oil Association on Thursday estimated production during June 1-20 likely rose 15.9% from the month before, traders said.
Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters.
Dalian's most-active soyoil contract DBYcv1 fell 2%, while its palm oil contract DCPcv1 slipped 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 extended losses after a 5.3% overnight decline, on concerns that a slowing global economy could limit demand
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 4,588 ringgit, as it could have completed a bounce or its first leg, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks and bonds were both headed for their first weekly gain in a month as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 24 (Reuters) - Malaysian palm oil futures fell as much as 4% early on Friday, keeping them on course for their biggest weekly drop since mid-March, as a slump in rival soy oil prices and rising production outlook weighed on the market.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 167 ringgit, or 3.52%, to 4,577 ringgit ($1,039.52) a tonne in early trade.
The contract has declined 16% so far this week, heading for its third straight weekly fall.
FUNDAMENTALS
The Malaysian Palm Oil Association on Thursday estimated production during June 1-20 likely rose 15.9% from the month before, traders said.
Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters.
Dalian's most-active soyoil contract DBYcv1 fell 2%, while its palm oil contract DCPcv1 slipped 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 extended losses after a 5.3% overnight decline, on concerns that a slowing global economy could limit demand
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 4,588 ringgit, as it could have completed a bounce or its first leg, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks and bonds were both headed for their first weekly gain in a month as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-CBOT wheat hits lowest in nearly 4 months as supply concerns ease
June 23 (Reuters) - Chicago wheat fell to its lowest in nearly four months on Thursday, after a senior U.S. official stressed that Russian grains and fertilizer were not covered by sanctions over Moscow's war in Ukraine.
Supply pressure from early harvesting in the United States and European grain belts also continued to weigh on prices.
Corn fell to its weakest since late-February, while soybeans slumped to its lowest since late-January, with crude oil market losses also adding pressure.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 2.7% at $9.62 a bushel, as of 0229 GMT, its lowest since March 1.
Corn Cv1 lost 2.2% to $6.78-1/2 a bushel, after earlier falling to its weakest since Feb. 28 at $6.78-1/4.
Soybeans Sv1 fell 2.6% to $14.38 a bushel, after touching its lowest since Jan. 27 at $14.37-1/2.
Countries should ask the United States for help if they have any problems importing Russian food and fertilizer, U.S. State Department Bureau of Economic and Business Affairs Assistant Secretary, Ramin Toloui, said on Wednesday.
Toloui said Washington was supportive of efforts by U.N. and Turkish officials to broker a package deal with Moscow that would also allow for shipments of Ukraine grain from the Black Sea port of Odesa.
A strong rouble, high export tax, ongoing problems with freight and lack of forward sales are expected to hamper the start of the new export season for Russian wheat in July despite an expected record crop, analysts and traders said.
Russia-focused agriculture consultancy Sovecon has raised its forecast for Russia's 2022 wheat crop by 0.6 million tonnes to a new record high of 89.2 million tonnes amid an improved outlook for the spring wheat harvest.
Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.
MARKETS NEWS
Asian shares wobbled while commodity prices fell on Thursday as worries about the risks of a global recession mounted.
By: via Malaysian Palm Oil Council Russia
June 23 (Reuters) - Chicago wheat fell to its lowest in nearly four months on Thursday, after a senior U.S. official stressed that Russian grains and fertilizer were not covered by sanctions over Moscow's war in Ukraine.
Supply pressure from early harvesting in the United States and European grain belts also continued to weigh on prices.
Corn fell to its weakest since late-February, while soybeans slumped to its lowest since late-January, with crude oil market losses also adding pressure.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 2.7% at $9.62 a bushel, as of 0229 GMT, its lowest since March 1.
Corn Cv1 lost 2.2% to $6.78-1/2 a bushel, after earlier falling to its weakest since Feb. 28 at $6.78-1/4.
Soybeans Sv1 fell 2.6% to $14.38 a bushel, after touching its lowest since Jan. 27 at $14.37-1/2.
Countries should ask the United States for help if they have any problems importing Russian food and fertilizer, U.S. State Department Bureau of Economic and Business Affairs Assistant Secretary, Ramin Toloui, said on Wednesday.
Toloui said Washington was supportive of efforts by U.N. and Turkish officials to broker a package deal with Moscow that would also allow for shipments of Ukraine grain from the Black Sea port of Odesa.
A strong rouble, high export tax, ongoing problems with freight and lack of forward sales are expected to hamper the start of the new export season for Russian wheat in July despite an expected record crop, analysts and traders said.
Russia-focused agriculture consultancy Sovecon has raised its forecast for Russia's 2022 wheat crop by 0.6 million tonnes to a new record high of 89.2 million tonnes amid an improved outlook for the spring wheat harvest.
Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.
MARKETS NEWS
Asian shares wobbled while commodity prices fell on Thursday as worries about the risks of a global recession mounted.
By: via Malaysian Palm Oil Council Russia
среда, 22 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm recovers from six-month low, weaker crude weighs
KUALA LUMPUR, June 23 (Reuters) - Malaysian palm oil futures rose on Thursday, lifted by bargain- buying after crashing to a six-month low in the previous session, but demand concerns and weakness in crude limited gains.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 51 ringgit, or 1.13%, to 4,550 ringgit ($1,032.80) a tonne during early trade.
FUNDAMENTALS
Malaysia's exports during June 1-20 nosedived between 10% and 17% from the month before, according to cargo surveyors data, and demand is expected to remain subdued as larger producer Indonesia moves to boost its shipments.
Dalian's most-active soyoil contract DBYcv1 fell 4.4%, while its palm oil contract DCPcv1 slipped 4.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 2.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices fell 2% in early trade, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may test a resistance at 4,742 ringgit per tonne, a break above which could lead to a gain to 4,896 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 23 (Reuters) - Malaysian palm oil futures rose on Thursday, lifted by bargain- buying after crashing to a six-month low in the previous session, but demand concerns and weakness in crude limited gains.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 51 ringgit, or 1.13%, to 4,550 ringgit ($1,032.80) a tonne during early trade.
FUNDAMENTALS
Malaysia's exports during June 1-20 nosedived between 10% and 17% from the month before, according to cargo surveyors data, and demand is expected to remain subdued as larger producer Indonesia moves to boost its shipments.
Dalian's most-active soyoil contract DBYcv1 fell 4.4%, while its palm oil contract DCPcv1 slipped 4.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 2.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices fell 2% in early trade, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may test a resistance at 4,742 ringgit per tonne, a break above which could lead to a gain to 4,896 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat recovers from near 3-month low on bargain-buying, soybeans ease
SINGAPORE, June 22 (Reuters) - Chicago wheat edged higher on Wednesday, as the market recovered from its weakest since late March hit in the previous session, although pressure from early harvest of crops in the United States and Europe limited gains.
Soybeans slid, while corn ticked up after both markets closed lower on Tuesday.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 0.6% to $9.81 a bushel, as of 0015 GMT, after dropping to its lowest since March 29 at $9.73-1/2 a bushel in the previous session.
Soybeans Sv1 lost 0.1% to $16.79-1/2 a bushel and corn Cv1 gained 0.4% at $7.63-1/2 a bushel.
Early wheat harvest in the United States and Europe weighed on the market, with additional pressure stemming from efforts to ship blocked grain cargoes in the Black Sea region.
Ankara's military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday.
Russia-focused agriculture consultancy Sovecon said on Tuesday that it had raised its forecast for Russia's 2022 wheat crop by 0.6 million tonnes to a record high of 89.2 million tonnes amid an improved outlook for the spring wheat harvest.
Crop ratings for U.S. corn and soybeans fell slightly after a heatwave hit the U.S. Midwest in the middle of June, analysts said on Tuesday.
The U.S. Department of Agriculture rated 70% of the corn crop as good-to-excellent in its weekly crop progress and conditions report, in line with the average estimates in a survey of 9 analysts. Ratings were down two percentage points from a week ago.
Soybean ratings also slipped two percentage points to 68%, while soybean planting advanced to 94% complete.
However, forecasts of cooler weather for late June and early July, a key crop development period in the U.S. Midwest, kept a lid on prices.
Brazilian farmers are expected to harvest a bigger second corn crop this season than forecast in the middle of a tour of the country's main fields, as drought fears subsided during the expedition.
According to data released on Tuesday by Agroconsult, the agribusiness consultancy that surveyed fields, Brazilian farmers are now expected to reap 89.3 million tonnes of second corn, more than the 87.6 million tonnes forecast in May.
Commodity funds were net sellers of CBOT corn, wheat, soybean, soymeal and soyoil futures contracts on Monday, traders said.
MARKETS NEWS
Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 22 (Reuters) - Chicago wheat edged higher on Wednesday, as the market recovered from its weakest since late March hit in the previous session, although pressure from early harvest of crops in the United States and Europe limited gains.
Soybeans slid, while corn ticked up after both markets closed lower on Tuesday.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 0.6% to $9.81 a bushel, as of 0015 GMT, after dropping to its lowest since March 29 at $9.73-1/2 a bushel in the previous session.
Soybeans Sv1 lost 0.1% to $16.79-1/2 a bushel and corn Cv1 gained 0.4% at $7.63-1/2 a bushel.
Early wheat harvest in the United States and Europe weighed on the market, with additional pressure stemming from efforts to ship blocked grain cargoes in the Black Sea region.
Ankara's military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday.
Russia-focused agriculture consultancy Sovecon said on Tuesday that it had raised its forecast for Russia's 2022 wheat crop by 0.6 million tonnes to a record high of 89.2 million tonnes amid an improved outlook for the spring wheat harvest.
Crop ratings for U.S. corn and soybeans fell slightly after a heatwave hit the U.S. Midwest in the middle of June, analysts said on Tuesday.
The U.S. Department of Agriculture rated 70% of the corn crop as good-to-excellent in its weekly crop progress and conditions report, in line with the average estimates in a survey of 9 analysts. Ratings were down two percentage points from a week ago.
Soybean ratings also slipped two percentage points to 68%, while soybean planting advanced to 94% complete.
However, forecasts of cooler weather for late June and early July, a key crop development period in the U.S. Midwest, kept a lid on prices.
Brazilian farmers are expected to harvest a bigger second corn crop this season than forecast in the middle of a tour of the country's main fields, as drought fears subsided during the expedition.
According to data released on Tuesday by Agroconsult, the agribusiness consultancy that surveyed fields, Brazilian farmers are now expected to reap 89.3 million tonnes of second corn, more than the 87.6 million tonnes forecast in May.
Commodity funds were net sellers of CBOT corn, wheat, soybean, soymeal and soyoil futures contracts on Monday, traders said.
MARKETS NEWS
Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998.
By: via Malaysian Palm Oil Council Russia
вторник, 21 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops over 2% in line with losses in crude, rival oils
KUALA LUMPUR, June 22 (Reuters) - Malaysian palm oil futures fell over 2% on Wednesday, hovering near a more than five-month low hit in the previous session, as the market tracked deep losses in crude and rival edible oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 112 ringgit, or 2.25%, to 4,868 ringgit ($1,106.36) a tonne in early trade, down for a fifth session in six.
FUNDAMENTALS
Indonesia, the world's top palm oil exporter, has issued export permits for 894,481 tonnes of palm oil products under its Domestic Market Obligation (DMO) scheme as of Wednesday, Trade Ministry official Oke Nurwan said.
Malaysia will abolish subsidies for certain cooking oil products from July 1, its government announced on Tuesday, in what it said was a move to ensure domestic supply and stabilise prices.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 slipped 1.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.2%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Oil prices skidded $4 amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand.
Palm oil may break a support at 4,896 ringgit per tonne and fall towards 4,588 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks slipped in volatile trade, failing to extend an overnight Wall Street rally on persistent worries about interest rates and inflation, while the Japanese yen hit a fresh 24-year low against the dollar.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 22 (Reuters) - Malaysian palm oil futures fell over 2% on Wednesday, hovering near a more than five-month low hit in the previous session, as the market tracked deep losses in crude and rival edible oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 112 ringgit, or 2.25%, to 4,868 ringgit ($1,106.36) a tonne in early trade, down for a fifth session in six.
FUNDAMENTALS
Indonesia, the world's top palm oil exporter, has issued export permits for 894,481 tonnes of palm oil products under its Domestic Market Obligation (DMO) scheme as of Wednesday, Trade Ministry official Oke Nurwan said.
Malaysia will abolish subsidies for certain cooking oil products from July 1, its government announced on Tuesday, in what it said was a move to ensure domestic supply and stabilise prices.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 slipped 1.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.2%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Oil prices skidded $4 amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand.
Palm oil may break a support at 4,896 ringgit per tonne and fall towards 4,588 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks slipped in volatile trade, failing to extend an overnight Wall Street rally on persistent worries about interest rates and inflation, while the Japanese yen hit a fresh 24-year low against the dollar.
By: via Malaysian Palm Oil Council Russia
понедельник, 20 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Iran as a Malaysian palm oil export destination and transit opportunities
https://mpoc.org.my/iran-as-a-malaysian-palm-oil-export-destination-and-transit-opportunities/
Iran Oils and Fats Scenario Iran’s oils and fats production is only sufficient to cover 30% of the total local consumption, and the country is highly dependent on imports to support local industry and consumption. Local production of oils and fats registered a total volume of 633,000 MT in 2021 which is lower than 722,000 […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/iran-as-a-malaysian-palm-oil-export-destination-and-transit-opportunities/
Iran Oils and Fats Scenario Iran’s oils and fats production is only sufficient to cover 30% of the total local consumption, and the country is highly dependent on imports to support local industry and consumption. Local production of oils and fats registered a total volume of 633,000 MT in 2021 which is lower than 722,000 […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil sinks further into bear market as more losses expected
https://mpoc.org.my/palm-oil-sinks-further-into-bear-market-as-more-losses-expected/
(June 20): Palm oil fell deeper into bear market territory on concern that surging Indonesian exports will challenge cargoes from Malaysia, with the most active contract sliding below RM5,000 for the first time since January. Futures for September delivery lost as much as 9.1% to RM4,958 (US$1,127) a ton, the lowest level for the most […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-sinks-further-into-bear-market-as-more-losses-expected/
(June 20): Palm oil fell deeper into bear market territory on concern that surging Indonesian exports will challenge cargoes from Malaysia, with the most active contract sliding below RM5,000 for the first time since January. Futures for September delivery lost as much as 9.1% to RM4,958 (US$1,127) a ton, the lowest level for the most […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat drops 1.6% to hit 11-week low; corn, soybeans fall
SINGAPORE, June 21 (Reuters) - Chicago wheat futures slid 1.6% on Tuesday, with prices dropping to their lowest since early April, as harvest pressure from parts of Europe and North America weighed on the market.
Corn and soybeans fell for a second session to their lowest in almost one week.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 1.6% to $10.18 a bushel, as of 0032 GMT. The market dropped to its lowest since April 4 at $10.13 a bushel earlier in the session.
Corn Cv1 lost 1.4% to $7.73-1/2 a bushel and soybeans Sv1 gave up 1.3% to $16.79-3/4 a bushel.
Wheat harvesting in parts of Europe and North America is easing some of the supply concerns triggered by a lack of Black Sea shipments, squeezed by Russia's invasion of Ukraine.
Negotiations to export Ukrainian grain through the Black Sea has made little progress, providing a floor under wheat and corn markets.
Russia is committing a war crime by blocking the export of millions of tonnes of Ukrainian grain, the European Union's foreign policy chief said on Monday, as EU foreign ministers met to discuss ways to free up the crop amid a global food crisis.
China's corn imports from Ukraine in May plunged compared with a year ago, customs data showed on Monday, after the conflict between Russia and Ukraine cut shipments.
China, the world's top importer of corn, brought in 126,727 tonnes of the yellow grain from Ukraine, down sharply from 1.26 million tonnes a year ago, according to data from the General Administration of Customs. China imported 695,585 tonnes of corn from Ukraine in April.
The European Union's crop monitoring service MARS on Monday lowered its 2022 yield forecasts for most cereal and oilseed crops as dry conditions persisted in much of Europe.
For soft wheat, the EU's main cereal crop, MARS cut its projection of this year's yield to 5.76 tonnes per hectare (t/ha) from 5.89 t/ha forecast last month.
For U.S. corn and soybeans, the market is closely watching the U.S. weather. After being planted initially in wet and cold conditions, forecasts are projecting hotter-than-normal temperatures for the rest of the month, raising concerns about key growth stages.
Large speculators raised their net long position in CBOT corn futures in the week to June 14, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
Stock markets chalked up modest gains on Monday after last week's hefty losses as investors braced for a host of U.S. Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 21 (Reuters) - Chicago wheat futures slid 1.6% on Tuesday, with prices dropping to their lowest since early April, as harvest pressure from parts of Europe and North America weighed on the market.
Corn and soybeans fell for a second session to their lowest in almost one week.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 1.6% to $10.18 a bushel, as of 0032 GMT. The market dropped to its lowest since April 4 at $10.13 a bushel earlier in the session.
Corn Cv1 lost 1.4% to $7.73-1/2 a bushel and soybeans Sv1 gave up 1.3% to $16.79-3/4 a bushel.
Wheat harvesting in parts of Europe and North America is easing some of the supply concerns triggered by a lack of Black Sea shipments, squeezed by Russia's invasion of Ukraine.
Negotiations to export Ukrainian grain through the Black Sea has made little progress, providing a floor under wheat and corn markets.
Russia is committing a war crime by blocking the export of millions of tonnes of Ukrainian grain, the European Union's foreign policy chief said on Monday, as EU foreign ministers met to discuss ways to free up the crop amid a global food crisis.
China's corn imports from Ukraine in May plunged compared with a year ago, customs data showed on Monday, after the conflict between Russia and Ukraine cut shipments.
China, the world's top importer of corn, brought in 126,727 tonnes of the yellow grain from Ukraine, down sharply from 1.26 million tonnes a year ago, according to data from the General Administration of Customs. China imported 695,585 tonnes of corn from Ukraine in April.
The European Union's crop monitoring service MARS on Monday lowered its 2022 yield forecasts for most cereal and oilseed crops as dry conditions persisted in much of Europe.
For soft wheat, the EU's main cereal crop, MARS cut its projection of this year's yield to 5.76 tonnes per hectare (t/ha) from 5.89 t/ha forecast last month.
For U.S. corn and soybeans, the market is closely watching the U.S. weather. After being planted initially in wet and cold conditions, forecasts are projecting hotter-than-normal temperatures for the rest of the month, raising concerns about key growth stages.
Large speculators raised their net long position in CBOT corn futures in the week to June 14, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
Stock markets chalked up modest gains on Monday after last week's hefty losses as investors braced for a host of U.S. Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required.
By: via Malaysian Palm Oil Council Russia
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VEGOILS-Palm rises nearly 2% on stronger Dalian prices
JAKARTA, June 21 (Reuters) - Malaysian palm oil futures on Tuesday reversed losses from the previous session, after plunging to their lowest since Jan. 4, supported by stronger vegetable oil prices on the Dalian Commodity Exchange.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 87 ringgit, or 1.75%, to 5,068 ringgit ($1,152.34) per tonne in early trade.
"Dalian strengthened in the morning and soy bean oil didn't follow palm big drop yesterday. Based on spreads, CPO should open higher," a Kuala Lumpur-based trader told Reuters.
The contract lost nearly 9% on Monday, the biggest daily loss since Jan. 28, 2020, after posting the worst weekly session in six weeks last week.
FUNDAMENTALS
The world's top palm oil exporter Indonesia has issued permits for shipment of more than 1.4 million tonnes of the edible oil under its Domestic Market Obligation scheme and export acceleration programme as of Monday, a trade ministry official said.
Indonesia set its July crude palm oil reference price at $1,615.83 per tonne, which would place the export levy and export tax at a maximum $200 per tonne and $288 per tonne, respectively.
Exports of Malaysian palm oil products for June 1-20 fell between 10.5% to 17%, according to cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia.
Palm oil FCPOc3 may bounce into a range of 5,086 ringgit to 5,204 ringgit, as it has found a support at 4,896 ringgit per tonne, Reuters technical analyst Wang Tao said.
Dalian's most-active soyoil contract DBYcv1 fell 2.03%, while its palm oil contract DCPcv1 fell 2.28%. Soyoil prices on the Chicago Board of Trade BOcv1 were traded 1.06% lower.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices rose 1% in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products versus concerns about a recession hitting demand down the track.
Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate hikes were needed.
By: via Malaysian Palm Oil Council Russia
JAKARTA, June 21 (Reuters) - Malaysian palm oil futures on Tuesday reversed losses from the previous session, after plunging to their lowest since Jan. 4, supported by stronger vegetable oil prices on the Dalian Commodity Exchange.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 87 ringgit, or 1.75%, to 5,068 ringgit ($1,152.34) per tonne in early trade.
"Dalian strengthened in the morning and soy bean oil didn't follow palm big drop yesterday. Based on spreads, CPO should open higher," a Kuala Lumpur-based trader told Reuters.
The contract lost nearly 9% on Monday, the biggest daily loss since Jan. 28, 2020, after posting the worst weekly session in six weeks last week.
FUNDAMENTALS
The world's top palm oil exporter Indonesia has issued permits for shipment of more than 1.4 million tonnes of the edible oil under its Domestic Market Obligation scheme and export acceleration programme as of Monday, a trade ministry official said.
Indonesia set its July crude palm oil reference price at $1,615.83 per tonne, which would place the export levy and export tax at a maximum $200 per tonne and $288 per tonne, respectively.
Exports of Malaysian palm oil products for June 1-20 fell between 10.5% to 17%, according to cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia.
Palm oil FCPOc3 may bounce into a range of 5,086 ringgit to 5,204 ringgit, as it has found a support at 4,896 ringgit per tonne, Reuters technical analyst Wang Tao said.
Dalian's most-active soyoil contract DBYcv1 fell 2.03%, while its palm oil contract DCPcv1 fell 2.28%. Soyoil prices on the Chicago Board of Trade BOcv1 were traded 1.06% lower.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices rose 1% in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products versus concerns about a recession hitting demand down the track.
Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate hikes were needed.
By: via Malaysian Palm Oil Council Russia
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Индия снизила базовые импортные цены на сырое пальмовое масло, соевое масло, золото и серебро, сообщает Reuters.
В частности, базовая цена на сырое пальмовое масло была снижена с $1625 до $1620 за тонну, на соевое масло – с $1866 до $1831 за тонну. В то же время правительство повысило цены на рафинированное пальмовое масло – с $1733 до $1757 за тонну и на пальмовый олеин – с $1744 до $1767 за тонну.
By: via Malaysian Palm Oil Council Russia
В частности, базовая цена на сырое пальмовое масло была снижена с $1625 до $1620 за тонну, на соевое масло – с $1866 до $1831 за тонну. В то же время правительство повысило цены на рафинированное пальмовое масло – с $1733 до $1757 за тонну и на пальмовый олеин – с $1744 до $1767 за тонну.
By: via Malaysian Palm Oil Council Russia
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Основными импортерами украинского подсолнечного масла остаются страны ЕС
Согласно оперативным данным, экспорт подсолнечного масла из Украины в мае значительно увеличился, составив 186 тыс. тонн (+23% к апрелю). Данный показатель стал максимальным месячным с начала войны и свидетельствует об адаптации участников рынка к текущим реалиям и постепенном налаживании цепей поставок продукции через функционирующие сухопутные переходы и порты.
By: via Malaysian Palm Oil Council Russia
Согласно оперативным данным, экспорт подсолнечного масла из Украины в мае значительно увеличился, составив 186 тыс. тонн (+23% к апрелю). Данный показатель стал максимальным месячным с начала войны и свидетельствует об адаптации участников рынка к текущим реалиям и постепенном налаживании цепей поставок продукции через функционирующие сухопутные переходы и порты.
By: via Malaysian Palm Oil Council Russia
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Palm Oil Trade Fair and Seminar (POTS), Philippines 2022
https://mpoc.org.my/palm-oil-trade-fair-and-seminar-pots-philippines-2022/
About Palm Oil Trade Fair & Seminar (POTS) Philippines 2022 POTS is one of the flagship programmes organized by MPOC. POTS was launched in 2006 with the objective of enhancing the development and growth of the Malaysian palm oil in international markets. To date, MPOC has organized more than 50 POTS in over 25 countries […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-trade-fair-and-seminar-pots-philippines-2022/
About Palm Oil Trade Fair & Seminar (POTS) Philippines 2022 POTS is one of the flagship programmes organized by MPOC. POTS was launched in 2006 with the objective of enhancing the development and growth of the Malaysian palm oil in international markets. To date, MPOC has organized more than 50 POTS in over 25 countries […]
By: via Malaysian Palm Oil Council Russia
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CPO futures forecast to trade with downside bias next week
https://mpoc.org.my/cpo-futures-forecast-to-trade-with-downside-bias-next-week/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias as the market continues to be plagued with expectations of higher output next week. Palm oil trader David Ng said the outlook is expected to be bearish following the higher production estimates from Southern […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-forecast-to-trade-with-downside-bias-next-week/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias as the market continues to be plagued with expectations of higher output next week. Palm oil trader David Ng said the outlook is expected to be bearish following the higher production estimates from Southern […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 19 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops more than 4% on Indonesian exports, weak crude
JAKARTA, June 20 (Reuters) - Malaysian palm oil futures plunged for a fourth straight session on Monday to a five-month low, as Indonesia boosted exports and output expectations improved, with cheaper crude and rival oil prices weighing on sentiment.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 4.27% to 5,221 ringgit ($1,186.59) per tonne in early trade.
The contract lost about 8% on Friday, posted the worst weekly session in six weeks.
FUNDAMENTALS
The world's top palm oil exporter Indonesia have issued permits for shipment of more than 820,000 tonnes of the edible oil under its Domestic Market Obligation scheme and export acceleration programme as of last week, a trade ministry official said.
Top vegetable oil importer India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said last week.
Dalian's most-active soyoil contract DBYcv1 fell 1.6%, while its palm oil contract DCPv1 fell 3.2%. The Chicago Board of Trade was closed on Monday for Juneteenth holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand.
Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate hikes were needed.
By: via Malaysian Palm Oil Council Russia
JAKARTA, June 20 (Reuters) - Malaysian palm oil futures plunged for a fourth straight session on Monday to a five-month low, as Indonesia boosted exports and output expectations improved, with cheaper crude and rival oil prices weighing on sentiment.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 4.27% to 5,221 ringgit ($1,186.59) per tonne in early trade.
The contract lost about 8% on Friday, posted the worst weekly session in six weeks.
FUNDAMENTALS
The world's top palm oil exporter Indonesia have issued permits for shipment of more than 820,000 tonnes of the edible oil under its Domestic Market Obligation scheme and export acceleration programme as of last week, a trade ministry official said.
Top vegetable oil importer India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said last week.
Dalian's most-active soyoil contract DBYcv1 fell 1.6%, while its palm oil contract DCPv1 fell 3.2%. The Chicago Board of Trade was closed on Monday for Juneteenth holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand.
Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate hikes were needed.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
пятница, 17 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn dips but set for second weekly gain on U.S. weather concerns
SINGAPORE, June 17 (Reuters) - Chicago corn futures edged lower on Friday after making sharp gains in the previous session, but the market was poised for a second consecutive weekly rise on concerns over hot weather in parts of the U.S. Midwest.
Wheat and soybeans also lost ground.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 has risen almost 2% so far this week. The market was trading down 0.2% at $7.87 a bushel, as of 0110 GMT.
Wheat Wv1 gave up 0.5% to $10.73 a bushel and soybeans Sv1 fell 0.2% to $17.06-1/4 a bushel.
There is no immediate threat to the U.S. corn crop, which was planted in wet weather, but prolonged dryness and record temperatures could curb yields.
Temperatures across the Midwestern United States this week have soared well above average, in some cases to the highest since 2012, when severe drought hit the Corn Belt, wrecking crop yields and boosting prices.
"U.S. corn is generally in good condition at this early stage," Karen Braun, a market analyst for Reuters, wrote in a column. "Although crops will be stressed in blazing heat, permanent damage is avoidable if weather improves next month."
In July, U.S. corn typically undergoes pollination, a critical stage for determining yield potential, which can be limited if it remains hot and dry.
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.
Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds, has accused Russia of stealing grain from territories in Ukraine that its forces have seized.
Weather and higher production costs mean Romania's grain crops will be somewhat lower than last year's bumper harvest, but still ensure enough surplus for exports, Agriculture Minister Adrian Chesnoiu said.
Romania has been among the largest grain sellers in the European Union and is an active exporter to the Middle East, with Egypt the main buyer.
Commodity funds were net buyers of CBOT corn, wheat, soybean and soymeal futures contracts on Thursday and net sellers of soyoil futures, traders said.
MARKET NEWS
World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 17 (Reuters) - Chicago corn futures edged lower on Friday after making sharp gains in the previous session, but the market was poised for a second consecutive weekly rise on concerns over hot weather in parts of the U.S. Midwest.
Wheat and soybeans also lost ground.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 has risen almost 2% so far this week. The market was trading down 0.2% at $7.87 a bushel, as of 0110 GMT.
Wheat Wv1 gave up 0.5% to $10.73 a bushel and soybeans Sv1 fell 0.2% to $17.06-1/4 a bushel.
There is no immediate threat to the U.S. corn crop, which was planted in wet weather, but prolonged dryness and record temperatures could curb yields.
Temperatures across the Midwestern United States this week have soared well above average, in some cases to the highest since 2012, when severe drought hit the Corn Belt, wrecking crop yields and boosting prices.
"U.S. corn is generally in good condition at this early stage," Karen Braun, a market analyst for Reuters, wrote in a column. "Although crops will be stressed in blazing heat, permanent damage is avoidable if weather improves next month."
In July, U.S. corn typically undergoes pollination, a critical stage for determining yield potential, which can be limited if it remains hot and dry.
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.
Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds, has accused Russia of stealing grain from territories in Ukraine that its forces have seized.
Weather and higher production costs mean Romania's grain crops will be somewhat lower than last year's bumper harvest, but still ensure enough surplus for exports, Agriculture Minister Adrian Chesnoiu said.
Romania has been among the largest grain sellers in the European Union and is an active exporter to the Middle East, with Egypt the main buyer.
Commodity funds were net buyers of CBOT corn, wheat, soybean and soymeal futures contracts on Thursday and net sellers of soyoil futures, traders said.
MARKET NEWS
World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession.
By: via Malaysian Palm Oil Council Russia
четверг, 16 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil edges toward worst weekly session in six
JAKARTA, June 17 (Reuters) - Malaysian palm oil futures fell for a third straight day on Friday and was heading for the worst weekly session in six weeks, as rising Indonesian exports and an expectation of improving output dragged prices lower.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 1.33% to 5,400 ringgit ($1,228.67) per tonne in early trade.
For the week, palm has declined 8.5% so far.
FUNDAMENTALS
The world's top palm oil exporter Indonesia has issued permits for shipment of more than 820,000 tonnes of the edible oil under its Domestic Market Obligation scheme and its export acceleration programme as of late Wednesday, a trade ministry official said.
Top vegetable oil importer India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.64%, while its palm oil contract DCPv1 fell 1.12%. Soyoil prices on the Chicago Board of Trade BOc2 were traded 0.39% higher.
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 hover above a support at 5,394 ringgit per tonne, or bounce into a range of 5,571-5,702 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
World stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the U.S. dollar.
By: via Malaysian Palm Oil Council Russia
JAKARTA, June 17 (Reuters) - Malaysian palm oil futures fell for a third straight day on Friday and was heading for the worst weekly session in six weeks, as rising Indonesian exports and an expectation of improving output dragged prices lower.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 1.33% to 5,400 ringgit ($1,228.67) per tonne in early trade.
For the week, palm has declined 8.5% so far.
FUNDAMENTALS
The world's top palm oil exporter Indonesia has issued permits for shipment of more than 820,000 tonnes of the edible oil under its Domestic Market Obligation scheme and its export acceleration programme as of late Wednesday, a trade ministry official said.
Top vegetable oil importer India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.64%, while its palm oil contract DCPv1 fell 1.12%. Soyoil prices on the Chicago Board of Trade BOc2 were traded 0.39% higher.
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 hover above a support at 5,394 ringgit per tonne, or bounce into a range of 5,571-5,702 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
World stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the U.S. dollar.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
MPOC Webinar: Meeting the Challenge of Improving Labor Rights in the Malaysian Palm Oil Supply Chain
https://mpoc.org.my/mpoc-webinar-meeting-the-challenge-of-improving-labor-rights-in-the-malaysian-palm-oil-supply-chain/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpoc-webinar-meeting-the-challenge-of-improving-labor-rights-in-the-malaysian-palm-oil-supply-chain/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
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GRAINS-Soybeans down for 4th session, at one-week low on global inflation
SINGAPORE, June 15 (Reuters) - Chicago soybean futures slid for a fourth consecutive session on Wednesday, dropping to their lowest in more than one week, as world markets remained under pressure amid growing inflationary concerns.
Corn and wheat futures lost more ground.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 dropped 0.3% to $16.93 a bushel, as of 0038 GMT, after hitting its weakest since June 6 at $16.90 a bushel earlier in the session.
Corn Cv1 fell 0.2% to $7.67 a bushel and wheat Wv1 gave up 0.7% to $10.42-1/4 a bushel.
Concerns over rising global inflation are driving stocks and commodity markets lower, even though tightening grain and oilseed supplies are providing a floor under the agricultural markets.
The United States and other key suppliers need to produce big crops as Russia's invasion of Ukraine has disrupted grain exports from the Black Sea.
The Russia-Ukraine war will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine's agriculture minister told Reuters.
Ukraine, sometimes known as Europe's bread basket, has had its maritime grain export routes blocked by Russia and faces a maelstrom of other problems, from mined wheat fields to a lack of grain storage space.
U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine, including in Poland, in bid to help export more grain from the war-torn country and address a growing global food crisis.
In the United States, the winter wheat harvest was 10% complete as of Sunday, up from 5% a week earlier and behind the five-year average of 12%, the U.S. Department of Agriculture (USDA) said on Monday.
The USDA on Monday rated 72% of the U.S. corn crop in good to excellent condition, down 1 percentage point from a week earlier and below the average of estimates in a Reuters poll.
Heat is promoting rapid crop development in the Corn Belt, the USDA said in a separate weather report on Tuesday.
Commodity funds were net sellers of CBOT wheat, corn, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKETS NEWS
World stocks fell for a second day in a row on Tuesday, while government bond yields and the U.S. dollar clung to multi-year highs, as surging inflation led investors to brace for what could be the largest U.S. interest rate hike in 28 years this week.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 15 (Reuters) - Chicago soybean futures slid for a fourth consecutive session on Wednesday, dropping to their lowest in more than one week, as world markets remained under pressure amid growing inflationary concerns.
Corn and wheat futures lost more ground.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 dropped 0.3% to $16.93 a bushel, as of 0038 GMT, after hitting its weakest since June 6 at $16.90 a bushel earlier in the session.
Corn Cv1 fell 0.2% to $7.67 a bushel and wheat Wv1 gave up 0.7% to $10.42-1/4 a bushel.
Concerns over rising global inflation are driving stocks and commodity markets lower, even though tightening grain and oilseed supplies are providing a floor under the agricultural markets.
The United States and other key suppliers need to produce big crops as Russia's invasion of Ukraine has disrupted grain exports from the Black Sea.
The Russia-Ukraine war will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine's agriculture minister told Reuters.
Ukraine, sometimes known as Europe's bread basket, has had its maritime grain export routes blocked by Russia and faces a maelstrom of other problems, from mined wheat fields to a lack of grain storage space.
U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine, including in Poland, in bid to help export more grain from the war-torn country and address a growing global food crisis.
In the United States, the winter wheat harvest was 10% complete as of Sunday, up from 5% a week earlier and behind the five-year average of 12%, the U.S. Department of Agriculture (USDA) said on Monday.
The USDA on Monday rated 72% of the U.S. corn crop in good to excellent condition, down 1 percentage point from a week earlier and below the average of estimates in a Reuters poll.
Heat is promoting rapid crop development in the Corn Belt, the USDA said in a separate weather report on Tuesday.
Commodity funds were net sellers of CBOT wheat, corn, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKETS NEWS
World stocks fell for a second day in a row on Tuesday, while government bond yields and the U.S. dollar clung to multi-year highs, as surging inflation led investors to brace for what could be the largest U.S. interest rate hike in 28 years this week.
By: via Malaysian Palm Oil Council Russia
среда, 15 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm hits over two-month low as Indonesia boosts exports
KUALA LUMPUR, June 15 (Reuters) - Malaysian palm oil futures fell on Wednesday to their lowest in more than two months, weighed by losses in rival oils and anticipation that demand will shift to Indonesia as the larger producer boosts shipment volumes.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 122 ringgit, or 2.11%, to 5,614 ringgit ($1,271.29) a tonne during early trade.
Palm has fallen in five sessions out of six, touching its lowest since April 5 on Wednesday.
FUNDAMENTALS
Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban.
Dalian's most-active soyoil contract DBYcv1 fell 0.94%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,702-5,892 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 15 (Reuters) - Malaysian palm oil futures fell on Wednesday to their lowest in more than two months, weighed by losses in rival oils and anticipation that demand will shift to Indonesia as the larger producer boosts shipment volumes.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 122 ringgit, or 2.11%, to 5,614 ringgit ($1,271.29) a tonne during early trade.
Palm has fallen in five sessions out of six, touching its lowest since April 5 on Wednesday.
FUNDAMENTALS
Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban.
Dalian's most-active soyoil contract DBYcv1 fell 0.94%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,702-5,892 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
‘Palm oil mafia’ minister out: Indonesia’s Jokowi dumps Lutfi in cabinet reshuffle
https://www.scmp.com/week-asia/politics/article/3181819/palm-oil-mafia-minister-out-indonesias-jokowi-dumps-lutfi
By: via Malaysian Palm Oil Council Russia
https://www.scmp.com/week-asia/politics/article/3181819/palm-oil-mafia-minister-out-indonesias-jokowi-dumps-lutfi
By: via Malaysian Palm Oil Council Russia
вторник, 14 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Malaysia palm oil export 1-15 Jun'22 vs. 1-15 May'22 (in mt)
*AmSpec: 529,480 vs 563,633 (-34,153 or down 6.06%)*
ITS: 601,063 vs 569,233 (+31,830 or up 5.59%)
By: via Malaysian Palm Oil Council Russia
*AmSpec: 529,480 vs 563,633 (-34,153 or down 6.06%)*
ITS: 601,063 vs 569,233 (+31,830 or up 5.59%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia palm oil export 1-10 Jun'22 vs. 1-10 May'22 (in mt)
*AmSpec: 529,480 vs 563,633 (-34,153 or down 6.06%)*
ITS: 601,063 vs 569,233 (+31,830 or up 5.59%)
By: via Malaysian Palm Oil Council Russia
*AmSpec: 529,480 vs 563,633 (-34,153 or down 6.06%)*
ITS: 601,063 vs 569,233 (+31,830 or up 5.59%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans down for 4th session, at one-week low on global inflation
SINGAPORE, June 15 (Reuters) - Chicago soybean futures slid for a fourth consecutive session on Wednesday, dropping to their lowest in more than one week, as world markets remained under pressure amid growing inflationary concerns.
Corn and wheat futures lost more ground.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 dropped 0.3% to $16.93 a bushel, as of 0038 GMT, after hitting its weakest since June 6 at $16.90 a bushel earlier in the session.
Corn Cv1 fell 0.2% to $7.67 a bushel and wheat Wv1 gave up 0.7% to $10.42-1/4 a bushel.
Concerns over rising global inflation are driving stocks and commodity markets lower, even though tightening grain and oilseed supplies are providing a floor under the agricultural markets.
The United States and other key suppliers need to produce big crops as Russia's invasion of Ukraine has disrupted grain exports from the Black Sea.
The Russia-Ukraine war will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine's agriculture minister told Reuters.
Ukraine, sometimes known as Europe's bread basket, has had its maritime grain export routes blocked by Russia and faces a maelstrom of other problems, from mined wheat fields to a lack of grain storage space.
U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine, including in Poland, in bid to help export more grain from the war-torn country and address a growing global food crisis.
In the United States, the winter wheat harvest was 10% complete as of Sunday, up from 5% a week earlier and behind the five-year average of 12%, the U.S. Department of Agriculture (USDA) said on Monday.
The USDA on Monday rated 72% of the U.S. corn crop in good to excellent condition, down 1 percentage point from a week earlier and below the average of estimates in a Reuters poll.
Heat is promoting rapid crop development in the Corn Belt, the USDA said in a separate weather report on Tuesday.
Commodity funds were net sellers of CBOT wheat, corn, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKETS NEWS
World stocks fell for a second day in a row on Tuesday, while government bond yields and the U.S. dollar clung to multi-year highs, as surging inflation led investors to brace for what could be the largest U.S. interest rate hike in 28 years this week.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 15 (Reuters) - Chicago soybean futures slid for a fourth consecutive session on Wednesday, dropping to their lowest in more than one week, as world markets remained under pressure amid growing inflationary concerns.
Corn and wheat futures lost more ground.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 dropped 0.3% to $16.93 a bushel, as of 0038 GMT, after hitting its weakest since June 6 at $16.90 a bushel earlier in the session.
Corn Cv1 fell 0.2% to $7.67 a bushel and wheat Wv1 gave up 0.7% to $10.42-1/4 a bushel.
Concerns over rising global inflation are driving stocks and commodity markets lower, even though tightening grain and oilseed supplies are providing a floor under the agricultural markets.
The United States and other key suppliers need to produce big crops as Russia's invasion of Ukraine has disrupted grain exports from the Black Sea.
The Russia-Ukraine war will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine's agriculture minister told Reuters.
Ukraine, sometimes known as Europe's bread basket, has had its maritime grain export routes blocked by Russia and faces a maelstrom of other problems, from mined wheat fields to a lack of grain storage space.
U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine, including in Poland, in bid to help export more grain from the war-torn country and address a growing global food crisis.
In the United States, the winter wheat harvest was 10% complete as of Sunday, up from 5% a week earlier and behind the five-year average of 12%, the U.S. Department of Agriculture (USDA) said on Monday.
The USDA on Monday rated 72% of the U.S. corn crop in good to excellent condition, down 1 percentage point from a week earlier and below the average of estimates in a Reuters poll.
Heat is promoting rapid crop development in the Corn Belt, the USDA said in a separate weather report on Tuesday.
Commodity funds were net sellers of CBOT wheat, corn, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKETS NEWS
World stocks fell for a second day in a row on Tuesday, while government bond yields and the U.S. dollar clung to multi-year highs, as surging inflation led investors to brace for what could be the largest U.S. interest rate hike in 28 years this week.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm hits over two-month low as Indonesia boosts exports
KUALA LUMPUR, June 15 (Reuters) - Malaysian palm oil futures fell on Wednesday to their lowest in more than two months, weighed by losses in rival oils and anticipation that demand will shift to Indonesia as the larger producer boosts shipment volumes.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 122 ringgit, or 2.11%, to 5,614 ringgit ($1,271.29) a tonne during early trade.
Palm has fallen in five sessions out of six, touching its lowest since April 5 on Wednesday.
FUNDAMENTALS
Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban.
Dalian's most-active soyoil contract DBYcv1 fell 0.94%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,702-5,892 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 15 (Reuters) - Malaysian palm oil futures fell on Wednesday to their lowest in more than two months, weighed by losses in rival oils and anticipation that demand will shift to Indonesia as the larger producer boosts shipment volumes.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 122 ringgit, or 2.11%, to 5,614 ringgit ($1,271.29) a tonne during early trade.
Palm has fallen in five sessions out of six, touching its lowest since April 5 on Wednesday.
FUNDAMENTALS
Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban.
Dalian's most-active soyoil contract DBYcv1 fell 0.94%, while its palm oil contract DCPcv1 lost 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 5,702-5,892 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.
By: via Malaysian Palm Oil Council Russia
понедельник, 13 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
A Case Study for the EU: The Double Bind of Biodiesel Expansion and Food Security Crisis
https://mpoc.org.my/a-case-study-for-the-eu-the-double-bind-of-biodiesel-expansion-and-food-security-crisis/
Introduction Q1 2022 Export Performance of Malaysian Palm Oil Malaysia recorded a promising export performance for Q1 of 2022. The export volume of Malaysian palm oil products reached 3.5 million MT, with an export value of RM19.74 billion. As for the total export of Malaysian palm oil as well as its derivatives, the export volume […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/a-case-study-for-the-eu-the-double-bind-of-biodiesel-expansion-and-food-security-crisis/
Introduction Q1 2022 Export Performance of Malaysian Palm Oil Malaysia recorded a promising export performance for Q1 of 2022. The export volume of Malaysian palm oil products reached 3.5 million MT, with an export value of RM19.74 billion. As for the total export of Malaysian palm oil as well as its derivatives, the export volume […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia palm oil export 1-10 Jun'22 vs. 1-10 May'22 (in mt)
*SGS: 408,070 vs 371,295 (+36,775 or up 9.90%)*
ITS: 415,348 vs 390,938 (+24,410 or up 6.24%)
AmSpec: 363,732 vs 376,573 (-12,841 or down 3.41%)
By: via Malaysian Palm Oil Council Russia
*SGS: 408,070 vs 371,295 (+36,775 or up 9.90%)*
ITS: 415,348 vs 390,938 (+24,410 or up 6.24%)
AmSpec: 363,732 vs 376,573 (-12,841 or down 3.41%)
By: via Malaysian Palm Oil Council Russia
воскресенье, 12 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans hovers near record high as U.S. cuts supply outlook
SINGAPORE, June 13 (Reuters) - Chicago soybean futures gained ground on Monday, with the market rising for five out of six sessions and trading close to last week's all-time high, supported by a U.S. forecast of lower inventories.
Wheat jumped 1.5% as concerns over supplies from the Black Sea region underpinned prices, while corn rose after closing largely unchanged on Friday.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.1% to $17.47 a bushel of 0009 GMT, not far from Thursday's record high of $17.84 a bushel.
Wheat Wv1 rose 1.5% to %10.86 a bushel and corn Cv1 gained 0.7% to $7.78-1/2 a bushel.
U.S. soybean stocks will be smaller than previously forecast, as export demand for U.S. offerings remains strong even with recently harvested supplies from Brazil and Argentina available for overseas buyers, the government said on Friday.
The U.S. Department of Agriculture (USDA) lowered its outlook for 2021/22 ending stocks of soybeans to 205 million bushels from 235 million. For the 2022/23 marketing year, the soybean stocks estimate was cut to 280 million from 310 million.
Corn ending stocks were pegged at 1.485 billion bushels for 2021/22 and 1.400 billion for 2022/23, with the export outlook for the 2021/22 marketing year cut by 50 million bushels to 2.450 billion bushels.
The agency projected 2022/23 ending stocks of wheat at 627 million bushels, up 6 million bushels from a month earlier.
A lack of grain supplies from war-torn Ukraine continued to support global wheat prices.
The condition of France's soft wheat crop deteriorated for a sixth consecutive week, data from farm office FranceAgriMer showed, but a smaller decline in the latest week suggested rain and cooler temperatures may be curbing spring drought.
An estimated 66% of the French soft wheat crop was in good or excellent condition in the week to June 6, against 67% the previous week, FranceAgriMer said in a cereal crop report on Friday.
Large speculators cut their net long position in CBOT corn futures in the week to June 7, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
Global equity markets slumped and the dollar strengthened on Friday after a bigger-than-expected U.S. inflation spike in May raised concerns the Federal Reserve may tighten policy for too long and cause a sharp slowdown.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 13 (Reuters) - Chicago soybean futures gained ground on Monday, with the market rising for five out of six sessions and trading close to last week's all-time high, supported by a U.S. forecast of lower inventories.
Wheat jumped 1.5% as concerns over supplies from the Black Sea region underpinned prices, while corn rose after closing largely unchanged on Friday.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.1% to $17.47 a bushel of 0009 GMT, not far from Thursday's record high of $17.84 a bushel.
Wheat Wv1 rose 1.5% to %10.86 a bushel and corn Cv1 gained 0.7% to $7.78-1/2 a bushel.
U.S. soybean stocks will be smaller than previously forecast, as export demand for U.S. offerings remains strong even with recently harvested supplies from Brazil and Argentina available for overseas buyers, the government said on Friday.
The U.S. Department of Agriculture (USDA) lowered its outlook for 2021/22 ending stocks of soybeans to 205 million bushels from 235 million. For the 2022/23 marketing year, the soybean stocks estimate was cut to 280 million from 310 million.
Corn ending stocks were pegged at 1.485 billion bushels for 2021/22 and 1.400 billion for 2022/23, with the export outlook for the 2021/22 marketing year cut by 50 million bushels to 2.450 billion bushels.
The agency projected 2022/23 ending stocks of wheat at 627 million bushels, up 6 million bushels from a month earlier.
A lack of grain supplies from war-torn Ukraine continued to support global wheat prices.
The condition of France's soft wheat crop deteriorated for a sixth consecutive week, data from farm office FranceAgriMer showed, but a smaller decline in the latest week suggested rain and cooler temperatures may be curbing spring drought.
An estimated 66% of the French soft wheat crop was in good or excellent condition in the week to June 6, against 67% the previous week, FranceAgriMer said in a cereal crop report on Friday.
Large speculators cut their net long position in CBOT corn futures in the week to June 7, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
Global equity markets slumped and the dollar strengthened on Friday after a bigger-than-expected U.S. inflation spike in May raised concerns the Federal Reserve may tighten policy for too long and cause a sharp slowdown.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm hits over 2-month low on weaker crude, Indonesian export policy
KUALA LUMPUR, June 13 (Reuters) - Malaysian palm oil futures touched a more than two-month low on Monday and extended losses for a fourth consecutive session, as weak crude and Indonesia's plans to accelerate exports weighed on prices.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell 124 ringgit, or 2.09%, to 5,796 ringgit ($1,313.09) a tonne by 0343 GMT, its lowest since April 8. It dropped 8.3% last week.
FUNDAMENTALS
Indonesia, the world's biggest exporter of palm oil, has yet again reversed its export policy, looking to accelerate shipments just weeks after ending a three-week export ban aimed at maintaining domestic supply.
The country has issued export permits for about 460,000 tonnes of palm oil products as of June 9, a senior trade ministry official said on Friday.
Meanwhile, Malaysia's end-May inventories shrank as exports surged to a five-month peak, while production was virtually unchanged, data from the Malaysian Palm Oil Board (MPOB) showed on Friday.
Oil prices slipped more than $2 as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
In rival oils, Dalian's most-active soyoil contract DBYcv1 fell 1.3%, while its palm oil contract DCPcv1 lost 2.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
The ringgit MYR=, palm's currency of trade, fell 0.32% against the dollar, making the commodity cheaper for holders of foreign currencies.
Palm oil may drop to 5,702 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about growth.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 13 (Reuters) - Malaysian palm oil futures touched a more than two-month low on Monday and extended losses for a fourth consecutive session, as weak crude and Indonesia's plans to accelerate exports weighed on prices.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell 124 ringgit, or 2.09%, to 5,796 ringgit ($1,313.09) a tonne by 0343 GMT, its lowest since April 8. It dropped 8.3% last week.
FUNDAMENTALS
Indonesia, the world's biggest exporter of palm oil, has yet again reversed its export policy, looking to accelerate shipments just weeks after ending a three-week export ban aimed at maintaining domestic supply.
The country has issued export permits for about 460,000 tonnes of palm oil products as of June 9, a senior trade ministry official said on Friday.
Meanwhile, Malaysia's end-May inventories shrank as exports surged to a five-month peak, while production was virtually unchanged, data from the Malaysian Palm Oil Board (MPOB) showed on Friday.
Oil prices slipped more than $2 as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
In rival oils, Dalian's most-active soyoil contract DBYcv1 fell 1.3%, while its palm oil contract DCPcv1 lost 2.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
The ringgit MYR=, palm's currency of trade, fell 0.32% against the dollar, making the commodity cheaper for holders of foreign currencies.
Palm oil may drop to 5,702 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about growth.
By: via Malaysian Palm Oil Council Russia
четверг, 9 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans slip; set for biggest weekly gain in 2 months on strong demand
SINGAPORE, June 10 (Reuters) - Chicago soybean futures slid on Friday but the market is poised for its biggest weekly jump in two months, as robust demand for U.S. cargoes underpinned prices.
Wheat gained ground and the market was in track for its first weekly gain in almost a month on the back of tightening global supplies.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 has added nearly 4% this week, the biggest rise since early April. Prices were trading down 0.3% at $17.64-1/4 a bushel, as of 0023 GMT.
Wheat Wv1 is set to finish the week up 3.7% and corn Cv1 has risen 6.3% this week.
The U.S. Department of Agriculture (USDA) said weekly old-crop soybean export sales totalled 429,900 tonnes, up 41% from the average of the prior four weeks.
China imported 20% more soybeans in May than in April, as some delayed cargoes arrived, customs data showed on Thursday.
China, the world's top soybean importer, brought in 9.67 million tonnes of the oilseed in May, up from 8.08 million tonnes in April, data from the General Administration of Customs showed.
Concerns about hot and dry weather stressing the U.S. Midwest crop during its early stages of development added support to corn.
Investors in the agricultural markets are adjusting positions ahead of the USDA's monthly world crop forecasts due later on Friday.
Farm office FranceAgriMer on Thursday lowered its forecast for French soft wheat exports outside the European Union this season for a third month in a row, saying high prices due to the war in Ukraine had curbed international demand.
French soft wheat exports to non-EU destinations in the 2021/22 season that ends on June 30 are now expected at 9.1 million tonnes, down from 9.25 million projected in May, FranceAgriMer said in a cereal supply and demand update.
Argentina's 2022/23 wheat crop will likely come in at 18.5 million tonnes, down from 19 million tonnes previously estimated, the Rosario grains exchange said on Thursday, citing reduced planting by farmers due to dry weather.
The exchange cut its forecast for the planting area of the crop to 6.2 million hectares, the lowest in 12 years. That was down from a 6.35 million-hectare estimate previously.
Commodity funds were net buyers of CBOT soybean, corn and soymeal futures contracts on Thursday and net sellers of wheat and soyoil futures, traders said.
MARKET NEWS
U.S. and European shares slid while benchmark euro zone yields hit an eight-year high on Thursday after the European Central Bank prepared to hike interest rates next month for the first time since 2011 and as pending inflation data spooked investors.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 10 (Reuters) - Chicago soybean futures slid on Friday but the market is poised for its biggest weekly jump in two months, as robust demand for U.S. cargoes underpinned prices.
Wheat gained ground and the market was in track for its first weekly gain in almost a month on the back of tightening global supplies.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 has added nearly 4% this week, the biggest rise since early April. Prices were trading down 0.3% at $17.64-1/4 a bushel, as of 0023 GMT.
Wheat Wv1 is set to finish the week up 3.7% and corn Cv1 has risen 6.3% this week.
The U.S. Department of Agriculture (USDA) said weekly old-crop soybean export sales totalled 429,900 tonnes, up 41% from the average of the prior four weeks.
China imported 20% more soybeans in May than in April, as some delayed cargoes arrived, customs data showed on Thursday.
China, the world's top soybean importer, brought in 9.67 million tonnes of the oilseed in May, up from 8.08 million tonnes in April, data from the General Administration of Customs showed.
Concerns about hot and dry weather stressing the U.S. Midwest crop during its early stages of development added support to corn.
Investors in the agricultural markets are adjusting positions ahead of the USDA's monthly world crop forecasts due later on Friday.
Farm office FranceAgriMer on Thursday lowered its forecast for French soft wheat exports outside the European Union this season for a third month in a row, saying high prices due to the war in Ukraine had curbed international demand.
French soft wheat exports to non-EU destinations in the 2021/22 season that ends on June 30 are now expected at 9.1 million tonnes, down from 9.25 million projected in May, FranceAgriMer said in a cereal supply and demand update.
Argentina's 2022/23 wheat crop will likely come in at 18.5 million tonnes, down from 19 million tonnes previously estimated, the Rosario grains exchange said on Thursday, citing reduced planting by farmers due to dry weather.
The exchange cut its forecast for the planting area of the crop to 6.2 million hectares, the lowest in 12 years. That was down from a 6.35 million-hectare estimate previously.
Commodity funds were net buyers of CBOT soybean, corn and soymeal futures contracts on Thursday and net sellers of wheat and soyoil futures, traders said.
MARKET NEWS
U.S. and European shares slid while benchmark euro zone yields hit an eight-year high on Thursday after the European Central Bank prepared to hike interest rates next month for the first time since 2011 and as pending inflation data spooked investors.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil firms as Indonesia hikes maximum export tax
KUALA LUMPUR, June 10 (Reuters) - Malaysian palm oil futures ticked up on Friday after Indonesia raised its maximum export tax, although the market is set for its first weekly decline in three in anticipation of the world's biggest producer's return to the export market.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.5%, to 6,241 ringgit ($1,419.38) a tonne during early trade.
Palm has declined 3% this week, also weighed by fresh COVID-19 curbs in parts of Shanghai.
FUNDAMENTALS
Indonesia Finance Ministry raised its maximum export tax for crude palm oil to $288 per tonne for when the government's reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed.
China's commercial hub of Shanghai faces an unexpected round of mass COVID-19 testing for most residents this weekend - just 10 days after a city-wide lockdown was lifted - unsettling residents and raising concerns about the impact on business.
Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 dropped 2.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
The Malaysian Palm Oil Board and cargo surveyors are scheduled to release key supply and demand data later in the day.
Palm oil may rise towards 6,423 ringgit per tonne, as it has found a support around 6,138 ringgit and climbed above a resistance at 6,233 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street lower, while the dollar held on to its overnight gains, after rate hike guidance from the European Central Bank and upcoming U.S. inflation data unnerved investors.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 10 (Reuters) - Malaysian palm oil futures ticked up on Friday after Indonesia raised its maximum export tax, although the market is set for its first weekly decline in three in anticipation of the world's biggest producer's return to the export market.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.5%, to 6,241 ringgit ($1,419.38) a tonne during early trade.
Palm has declined 3% this week, also weighed by fresh COVID-19 curbs in parts of Shanghai.
FUNDAMENTALS
Indonesia Finance Ministry raised its maximum export tax for crude palm oil to $288 per tonne for when the government's reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed.
China's commercial hub of Shanghai faces an unexpected round of mass COVID-19 testing for most residents this weekend - just 10 days after a city-wide lockdown was lifted - unsettling residents and raising concerns about the impact on business.
Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 dropped 2.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
The Malaysian Palm Oil Board and cargo surveyors are scheduled to release key supply and demand data later in the day.
Palm oil may rise towards 6,423 ringgit per tonne, as it has found a support around 6,138 ringgit and climbed above a resistance at 6,233 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street lower, while the dollar held on to its overnight gains, after rate hike guidance from the European Central Bank and upcoming U.S. inflation data unnerved investors.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Индонезия возобновляет экспорт пальмового масла
Источник
АПК-Информ
363
12:10 | Вчера
Согласно заявлению министерства торговли Индонезии, правительство страны разрешило возобновить экспорт пальмового масла после трехнедельного запрета, сообщает Reuters.
By: via Malaysian Palm Oil Council Russia
Источник
АПК-Информ
363
12:10 | Вчера
Согласно заявлению министерства торговли Индонезии, правительство страны разрешило возобновить экспорт пальмового масла после трехнедельного запрета, сообщает Reuters.
By: via Malaysian Palm Oil Council Russia
среда, 8 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat firms for second day, soybeans near 10-year peak
SINGAPORE, June 9 (Reuters) - Chicago wheat futures rose for a second session on Thursday, as a lack of progress in talks to resume Ukrainian exports renewed concerns over world grain supplies, underpinning prices.
Soybeans ticked lower, but the market traded near February's 10-year high on expectations of strong demand for U.S. cargoes, while corn eased for the first time in four sessions.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.2% to $10.77-1/4 a bushel, as of 0027 GMT. Soybeans Sv1 dipped 0.1% to $17.38-1/4 a bushel, not far a 2012 high of $17.59 reached in February and corn Cv1 lost 0.2% to $7.62-3/4 a bushel.
Turkish efforts to ease a global food crisis by negotiating safe passage for grain stuck in Black Sea ports met resistance, as Ukraine said Russia was imposing unreasonable conditions and the Kremlin said free shipment depended on an end to sanctions.
The war between Russia and Ukraine, the world's third- and fourth-largest grain exporters respectively, has added to food price inflation and put global food supplies at risk.
Expectations of strong demand for U.S. cargoes supported soybean prices.
In India, the monsoon rains are likely to pick up by mid-June, the chief of the state-run India Meteorological Department (IMD) told Reuters on Wednesday, spurring the sowing of crucial crops such as rice, corn, cotton, soybean, sugarcane and peanuts.
Commodity funds were net buyers of CBOT soybean, soyoil, corn and wheat futures contracts on Wednesday, traders said. They were net sellers of soymeal.
MARKET NEWS
U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 9 (Reuters) - Chicago wheat futures rose for a second session on Thursday, as a lack of progress in talks to resume Ukrainian exports renewed concerns over world grain supplies, underpinning prices.
Soybeans ticked lower, but the market traded near February's 10-year high on expectations of strong demand for U.S. cargoes, while corn eased for the first time in four sessions.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.2% to $10.77-1/4 a bushel, as of 0027 GMT. Soybeans Sv1 dipped 0.1% to $17.38-1/4 a bushel, not far a 2012 high of $17.59 reached in February and corn Cv1 lost 0.2% to $7.62-3/4 a bushel.
Turkish efforts to ease a global food crisis by negotiating safe passage for grain stuck in Black Sea ports met resistance, as Ukraine said Russia was imposing unreasonable conditions and the Kremlin said free shipment depended on an end to sanctions.
The war between Russia and Ukraine, the world's third- and fourth-largest grain exporters respectively, has added to food price inflation and put global food supplies at risk.
Expectations of strong demand for U.S. cargoes supported soybean prices.
In India, the monsoon rains are likely to pick up by mid-June, the chief of the state-run India Meteorological Department (IMD) told Reuters on Wednesday, spurring the sowing of crucial crops such as rice, corn, cotton, soybean, sugarcane and peanuts.
Commodity funds were net buyers of CBOT soybean, soyoil, corn and wheat futures contracts on Wednesday, traders said. They were net sellers of soymeal.
MARKET NEWS
U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm falls over 2% as Indonesia launches export acceleration scheme
KUALA LUMPUR, June 9 (Reuters) - Malaysian palm oil futures fell for a second straight session on Thursday, after the world's biggest producer Indonesia began a scheme aimed at accelerating exports as it gears up to re-enter the global market.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 145 ringgit, or 2.24%, to 6,322 ringgit ($1,439.44) a tonne during early trade.
FUNDAMENTALS
Indonesia has launched an export acceleration scheme effective immediately, aimed at shipping at least 1 million tonnes of crude palm oil and some derivatives, according to a trade ministry regulation made public on Thursday.
Investors are awaiting the Malaysian Palm Oil Board's May supply and demand data, as well as cargo surveyors' early June export data due Friday.
Dalian's most-active soyoil contract DBYcv1 fell 1.1%, while its palm oil contract DCPcv1 dropped 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil remains neutral in a range of 6,423-6,577 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks fell, U.S. bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 9 (Reuters) - Malaysian palm oil futures fell for a second straight session on Thursday, after the world's biggest producer Indonesia began a scheme aimed at accelerating exports as it gears up to re-enter the global market.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 145 ringgit, or 2.24%, to 6,322 ringgit ($1,439.44) a tonne during early trade.
FUNDAMENTALS
Indonesia has launched an export acceleration scheme effective immediately, aimed at shipping at least 1 million tonnes of crude palm oil and some derivatives, according to a trade ministry regulation made public on Thursday.
Investors are awaiting the Malaysian Palm Oil Board's May supply and demand data, as well as cargo surveyors' early June export data due Friday.
Dalian's most-active soyoil contract DBYcv1 fell 1.1%, while its palm oil contract DCPcv1 dropped 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil remains neutral in a range of 6,423-6,577 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks fell, U.S. bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day.
By: via Malaysian Palm Oil Council Russia
вторник, 7 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Please join Fats and Oil Conference 2022
https://www.apk-inform.com/en/news/1527276
By: via Malaysian Palm Oil Council Russia
https://www.apk-inform.com/en/news/1527276
By: via Malaysian Palm Oil Council Russia
понедельник, 6 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
India’s May palm oil imports surge to 7-month high despite Indonesia’s ban-dealers
https://mpoc.org.my/indias-may-palm-oil-imports-surge-to-7-month-high-despite-indonesias-ban-dealers/
MUMBAI, June 6 (Reuters) – India’s palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the world’s biggest importer of vegetable oil, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/indias-may-palm-oil-imports-surge-to-7-month-high-despite-indonesias-ban-dealers/
MUMBAI, June 6 (Reuters) – India’s palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the world’s biggest importer of vegetable oil, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm gains as investors seek details on Indonesia's export levy change
KUALA LUMPUR, June 7 (Reuters) - Malaysian palm oil futures firmed on Tuesday as trading resumed after a long weekend, with expectations of a decline in end-May inventories supporting the market while traders awaited details on Indonesia's export levy adjustment.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 45 ringgit, or 0.7%, to 6,498 ringgit ($1,478.50) a tonne in early trade.
FUNDAMENTALS
Indonesia has adjusted its palm oil export levy, a senior official at the economic ministry said on Sunday, without giving details.
The world's biggest producer has issued around 302,000 tonnes of palm oil export permits since it restarted exports.
In Malaysia, end-May palm oil inventories likely dropped 6% from April to 1.54 million tonnes due to slow output and a surge in exports, a Reuters survey showed on Friday.
India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.
Dalian's most-active soyoil contract DBYcv1 rose 0.5%, while its palm oil contract DCPcv1 gained 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
Palm oil may test a support at 6,386 ringgit per tonne, a break below which could trigger a drop to a range of 6,204-6,317 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia's stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as investors nervously awaited U.S. inflation figures and central bank meetings in Australia, Europe and, next week, in the United States.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, June 7 (Reuters) - Malaysian palm oil futures firmed on Tuesday as trading resumed after a long weekend, with expectations of a decline in end-May inventories supporting the market while traders awaited details on Indonesia's export levy adjustment.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 45 ringgit, or 0.7%, to 6,498 ringgit ($1,478.50) a tonne in early trade.
FUNDAMENTALS
Indonesia has adjusted its palm oil export levy, a senior official at the economic ministry said on Sunday, without giving details.
The world's biggest producer has issued around 302,000 tonnes of palm oil export permits since it restarted exports.
In Malaysia, end-May palm oil inventories likely dropped 6% from April to 1.54 million tonnes due to slow output and a surge in exports, a Reuters survey showed on Friday.
India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.
Dalian's most-active soyoil contract DBYcv1 rose 0.5%, while its palm oil contract DCPcv1 gained 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.
Palm oil may test a support at 6,386 ringgit per tonne, a break below which could trigger a drop to a range of 6,204-6,317 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia's stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as investors nervously awaited U.S. inflation figures and central bank meetings in Australia, Europe and, next week, in the United States.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
China’s Palm Oil Market Outlook 2022
https://mpoc.org.my/chinas-palm-oil-market-outlook-2022/
China’s import of palm oil in the first qurter of 2022 fell sharply by 65.7%, or 971,800 MT to 506,900 MT from 1,478,700 MT in the same period last year. Major factors which contributed to the decline in imports included Indonesia’s policies to curb domestic palm oil price hikes and the tight global supply of […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/chinas-palm-oil-market-outlook-2022/
China’s import of palm oil in the first qurter of 2022 fell sharply by 65.7%, or 971,800 MT to 506,900 MT from 1,478,700 MT in the same period last year. Major factors which contributed to the decline in imports included Indonesia’s policies to curb domestic palm oil price hikes and the tight global supply of […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 5 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Indonesia has issued around 302,000 tonnes of palm oil export permits since the country restarted exports, senior minister Luhut Pandjaitan said on Sunday, while reassuring farmers and exporters that authorities would speed up the permit process.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
четверг, 2 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat extends gains on supply concerns; corn, soybeans ease
SINGAPORE, June 3 (Reuters) - Chicago wheat futures gained more ground on Friday with the market underpinned by concerns over tightening world supplies and rising prices in key consuming countries.
Corn and soybeans slid in early Asian trade.
FUNDAMENTALS
The Chicago Board of Trade (CBOT) most-active wheat contract Wv1 edged up 0.1% to $10.59-3/4 a bushel, as of 0019 GMT, corn dipped 0.2% to $7.28-1/2 a bushel and soybeans fell 0.1% to $17.28-1/4 a bushel.
For the week, wheat is down more than 8%, corn has lost 6% and soybeans have dropped marginally.
The agricultural markets are cautious about the likelihood of a deal over Ukrainian ports while fighting continues in Ukraine and as Moscow seeks sanctions concessions rejected by Kyiv and its Western allies.
Prices had eased earlier this week on expectations of resumption in Black Sea supplies.
U.N. aid chief Martin Griffiths is in Moscow to discuss clearing the way for exports of grain and other food from Ukraine's Black Sea ports, a U.N. spokesperson said.
Griffiths will meet Russian officials days after another senior U.N. official, Rebecca Grynspan, had "constructive" talks in Moscow with Russian First Deputy Prime Minister Andrei Belousov on expediting Russian grain and fertilizer exports.
Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world's top consumer of the grain get passed on to food makers, traders and analysts said.
Argentina's wheat planting area for the 2022/23 season is expected to be around 6.5 million hectares, down from previous forecast of 6.6 million hectares, the Buenos Aires Grains Exchange said on Thursday.
The exchange blamed the 100,000 hectare (247,000 acre) reduction on dry conditions in northern Argentina, with no rains seen in short-term forecasts. The exchange said previously that high fertilizer prices and rising input costs are also having negative effects on the new wheat season.
India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.
Commodity funds were net buyers of CBOT soybeans, soyoil, wheat and soymeal futures contracts on Thursday and net even on corn futures contracts, traders said.
MARKETS NEWS
Global equity markets rose while U.S. yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling and the Federal Reserve might be persuaded to modify its aggressive stance on interest rates and inflation.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, June 3 (Reuters) - Chicago wheat futures gained more ground on Friday with the market underpinned by concerns over tightening world supplies and rising prices in key consuming countries.
Corn and soybeans slid in early Asian trade.
FUNDAMENTALS
The Chicago Board of Trade (CBOT) most-active wheat contract Wv1 edged up 0.1% to $10.59-3/4 a bushel, as of 0019 GMT, corn dipped 0.2% to $7.28-1/2 a bushel and soybeans fell 0.1% to $17.28-1/4 a bushel.
For the week, wheat is down more than 8%, corn has lost 6% and soybeans have dropped marginally.
The agricultural markets are cautious about the likelihood of a deal over Ukrainian ports while fighting continues in Ukraine and as Moscow seeks sanctions concessions rejected by Kyiv and its Western allies.
Prices had eased earlier this week on expectations of resumption in Black Sea supplies.
U.N. aid chief Martin Griffiths is in Moscow to discuss clearing the way for exports of grain and other food from Ukraine's Black Sea ports, a U.N. spokesperson said.
Griffiths will meet Russian officials days after another senior U.N. official, Rebecca Grynspan, had "constructive" talks in Moscow with Russian First Deputy Prime Minister Andrei Belousov on expediting Russian grain and fertilizer exports.
Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world's top consumer of the grain get passed on to food makers, traders and analysts said.
Argentina's wheat planting area for the 2022/23 season is expected to be around 6.5 million hectares, down from previous forecast of 6.6 million hectares, the Buenos Aires Grains Exchange said on Thursday.
The exchange blamed the 100,000 hectare (247,000 acre) reduction on dry conditions in northern Argentina, with no rains seen in short-term forecasts. The exchange said previously that high fertilizer prices and rising input costs are also having negative effects on the new wheat season.
India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.
Commodity funds were net buyers of CBOT soybeans, soyoil, wheat and soymeal futures contracts on Thursday and net even on corn futures contracts, traders said.
MARKETS NEWS
Global equity markets rose while U.S. yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling and the Federal Reserve might be persuaded to modify its aggressive stance on interest rates and inflation.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil set for 2nd weekly gain on higher May export, sluggish output
JAKARTA, June 3 (Reuters) - Malaysian palm oil futures edged higher on Friday, headed for its second weekly gain, supported by output concern due to severe labour crunch after Indonesia barred a group of its plantation workers from travelling to Malaysia and strong May export data.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 152 ringgit, or 2.35%, to 6,620 ringgit ($1,510.04) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May rose 20.5% to 1,329,186 tonnes from 1,103,093 tonnes shipped during April, cargo surveyor Societe Generale de Surveillance said on Thursday.
Indonesia barred a group of its plantation workers from travelling to Malaysia because recruiters did not follow proper procedures and most of the workers did not have the right visa, the head of the country's migrant worker protection agency said.
As of early Thursday, Indonesia has issued export permits for 179,464 tonnes of palm oil as of June 2, a senior trade ministry official said after a ban on shipments was lifted last week.
State agency the Malaysian Palm Oil Council (MPOC) lowered its production outlook on Wednesday for the world's second-largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.17%. Dalian Commodity Exchange was closed on Friday for Dragon Boat Festival holidays.
Palm oil FCPOc3 may break a resistance at 6,577 ringgit per tonne, and rise into a range of 6,682-6,731 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of the Federal Reserve turning less aggressive on its policy tightening stance in coming months.
By: via Malaysian Palm Oil Council Russia
JAKARTA, June 3 (Reuters) - Malaysian palm oil futures edged higher on Friday, headed for its second weekly gain, supported by output concern due to severe labour crunch after Indonesia barred a group of its plantation workers from travelling to Malaysia and strong May export data.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 152 ringgit, or 2.35%, to 6,620 ringgit ($1,510.04) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for May rose 20.5% to 1,329,186 tonnes from 1,103,093 tonnes shipped during April, cargo surveyor Societe Generale de Surveillance said on Thursday.
Indonesia barred a group of its plantation workers from travelling to Malaysia because recruiters did not follow proper procedures and most of the workers did not have the right visa, the head of the country's migrant worker protection agency said.
As of early Thursday, Indonesia has issued export permits for 179,464 tonnes of palm oil as of June 2, a senior trade ministry official said after a ban on shipments was lifted last week.
State agency the Malaysian Palm Oil Council (MPOC) lowered its production outlook on Wednesday for the world's second-largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.17%. Dalian Commodity Exchange was closed on Friday for Dragon Boat Festival holidays.
Palm oil FCPOc3 may break a resistance at 6,577 ringgit per tonne, and rise into a range of 6,682-6,731 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of the Federal Reserve turning less aggressive on its policy tightening stance in coming months.
By: via Malaysian Palm Oil Council Russia
среда, 1 июня 2022 г.
Malaysian Palm Oil Council Russia's Post
Тихвинский вагоностроительный завод остановлен до конца июня.
В наличии нет подшипников, которые ранее поставляли американские поставщики. Отечественного аналога пока найти не удалось. Нет ни производства новых вагонов, ни ремонта старых. В простое одного из крупнейших производителей грузовых вагонов находится порядка 7000 работников.
By: via Malaysian Palm Oil Council Russia
В наличии нет подшипников, которые ранее поставляли американские поставщики. Отечественного аналога пока найти не удалось. Нет ни производства новых вагонов, ни ремонта старых. В простое одного из крупнейших производителей грузовых вагонов находится порядка 7000 работников.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. wheat firms as uncertainty over Black Sea exports linger
BEIJING, June 2 (Reuters) - U.S. wheat futures recouped losses to edge higher on Thursday, after a sharp decline in the previous session as the market gauged the impact of diplomatic talks to unblock Ukrainian ports; while corn and soybeans ticked lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.43% at $10.45-3/4 a bushel.
Corn Cv1 shed 0.41% to $7.28-1/4 a bushel while soybeans Sv1 fell 0.44% at $16.83 a bushel.
Talks of Russia opening Black Sea shipping channels to Ukrainian grain vessels have pressured wheat prices this week, although the market remains nervous about the possibility on increased grains exports from the region.
Ukraine's 2022 wheat harvest is likely to drop to 19.2 million tonnes, Ukrainian grain traders' union UGA said on Wednesday, though lower exports are seen pushing stocks to record levels.
U.S. President Joe Biden's administration is likely to retroactively raise ethanol blending mandates for 2021 above the figure it proposed in December, Reuters reported, citing sources.
Egypt's state grains buyer, the General Authority for Supply Commodities, said on Wednesday it bought 465,000 tonnes of wheat in an international tender.
Argentina's grain industry sold $4.2 billion in May, the best month since monthly records started, the Argentine Chamber of the Oil Industry and the Grain Exporters Center said in a report on Wednesday.
Commodity funds were net buyers of Chicago Board of Trade soybeans and soyoil futures contracts on Tuesday and net sellers of corn, wheat and soymeal futures contracts, traders said.
MARKET NEWS
Global equities fell and the U.S. dollar advanced on Wednesday after stronger-than-expected economic data was unable to assuage investor concerns of high inflation and an impending recession driven partly by rising oil prices.
By: via Malaysian Palm Oil Council Russia
BEIJING, June 2 (Reuters) - U.S. wheat futures recouped losses to edge higher on Thursday, after a sharp decline in the previous session as the market gauged the impact of diplomatic talks to unblock Ukrainian ports; while corn and soybeans ticked lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.43% at $10.45-3/4 a bushel.
Corn Cv1 shed 0.41% to $7.28-1/4 a bushel while soybeans Sv1 fell 0.44% at $16.83 a bushel.
Talks of Russia opening Black Sea shipping channels to Ukrainian grain vessels have pressured wheat prices this week, although the market remains nervous about the possibility on increased grains exports from the region.
Ukraine's 2022 wheat harvest is likely to drop to 19.2 million tonnes, Ukrainian grain traders' union UGA said on Wednesday, though lower exports are seen pushing stocks to record levels.
U.S. President Joe Biden's administration is likely to retroactively raise ethanol blending mandates for 2021 above the figure it proposed in December, Reuters reported, citing sources.
Egypt's state grains buyer, the General Authority for Supply Commodities, said on Wednesday it bought 465,000 tonnes of wheat in an international tender.
Argentina's grain industry sold $4.2 billion in May, the best month since monthly records started, the Argentine Chamber of the Oil Industry and the Grain Exporters Center said in a report on Wednesday.
Commodity funds were net buyers of Chicago Board of Trade soybeans and soyoil futures contracts on Tuesday and net sellers of corn, wheat and soymeal futures contracts, traders said.
MARKET NEWS
Global equities fell and the U.S. dollar advanced on Wednesday after stronger-than-expected economic data was unable to assuage investor concerns of high inflation and an impending recession driven partly by rising oil prices.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil extends gains on production outlook cut, labour concerns
JAKARTA, June 2 (Reuters) - Malaysian palm oil futures rose for a third straight session on Thursday, as output outlook dimmed after Indonesia stopped a group of migrant workers from entering Malaysian plantations facing severe labour crunch.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 0.85%, to 6,410 ringgit ($1,459.80) a tonne in early trade.
FUNDAMENTALS
Indonesia cancelled a plan to send its citizens to work in palm oil plantations in neighbouring Malaysia, which is facing a labour shortage, its envoy to Kuala Lumpur said on Tuesday.
State agency the Malaysian Palm Oil Council (MPOC) lowered its production outlook on Wednesday for the world's second-largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.
India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.
Dalian's most-active soyoil contract DBYcv1 was up 0.14%, while its palm oil contract DCPcv1 rose 1.03%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.16%.
Palm oil looks neutral in a range of 6,220-6,423 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets fell on widespread investor worries over high inflation and a threat of recession, while oil prices slumped following a report of reassurances from Saudi Arabia over production.
By: via Malaysian Palm Oil Council Russia
JAKARTA, June 2 (Reuters) - Malaysian palm oil futures rose for a third straight session on Thursday, as output outlook dimmed after Indonesia stopped a group of migrant workers from entering Malaysian plantations facing severe labour crunch.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 0.85%, to 6,410 ringgit ($1,459.80) a tonne in early trade.
FUNDAMENTALS
Indonesia cancelled a plan to send its citizens to work in palm oil plantations in neighbouring Malaysia, which is facing a labour shortage, its envoy to Kuala Lumpur said on Tuesday.
State agency the Malaysian Palm Oil Council (MPOC) lowered its production outlook on Wednesday for the world's second-largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.
India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.
Dalian's most-active soyoil contract DBYcv1 was up 0.14%, while its palm oil contract DCPcv1 rose 1.03%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.16%.
Palm oil looks neutral in a range of 6,220-6,423 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets fell on widespread investor worries over high inflation and a threat of recession, while oil prices slumped following a report of reassurances from Saudi Arabia over production.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures end higher for second consecutive day
https://mpoc.org.my/cpo-futures-end-higher-for-second-consecutive-day/
KUALA LUMPUR (June 1): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday as sentiment over stronger exports continues to lift the market, said a dealer. Palm oil trader David Ng said the expected weaker production in the coming weeks also helped to lift […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-end-higher-for-second-consecutive-day/
KUALA LUMPUR (June 1): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday as sentiment over stronger exports continues to lift the market, said a dealer. Palm oil trader David Ng said the expected weaker production in the coming weeks also helped to lift […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia palm oil prices seen trading above 6,000 rgt in 2022 -state agency
https://mpoc.org.my/malaysia-palm-oil-prices-seen-trading-above-6000-rgt-in-2022-state-agency/
KUALA LUMPUR : State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world’s second largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year. MPOC forecast Malaysia’s 2022 production at 18.6 million tonnes, up from 18.1 million tonnes in 2021 as migrant workers […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysia-palm-oil-prices-seen-trading-above-6000-rgt-in-2022-state-agency/
KUALA LUMPUR : State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world’s second largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year. MPOC forecast Malaysia’s 2022 production at 18.6 million tonnes, up from 18.1 million tonnes in 2021 as migrant workers […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
MPOC: Malaysia palm oil prices seen trading above RM6,000 in 2022
https://mpoc.org.my/mpoc-malaysia-palm-oil-prices-seen-trading-above-rm6000-in-2022/
KUALA LUMPUR (June 1): State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world’s second largest producer and pegged prices to remain above RM6,000 a tonne this year. MPOC forecast Malaysia’s 2022 production at 18.6 million tonnes, up from 18.1 million tonnes in 2021 as migrant workers are […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpoc-malaysia-palm-oil-prices-seen-trading-above-rm6000-in-2022/
KUALA LUMPUR (June 1): State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world’s second largest producer and pegged prices to remain above RM6,000 a tonne this year. MPOC forecast Malaysia’s 2022 production at 18.6 million tonnes, up from 18.1 million tonnes in 2021 as migrant workers are […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Indonesia cancels plan to send workers to Malaysia’s palm plantations
https://mpoc.org.my/indonesia-cancels-plan-to-send-workers-to-malaysias-palm-plantations/
KUALA LUMPUR: Indonesia cancelled a plan to send its citizens to work in palm oil plantations in neighbouring Malaysia, which has faced a labour shortage, its envoy to Kuala Lumpur said on Tuesday. Malaysia, the world’s second-largest palm oil producer, was set to welcome the first major batch of migrant workers from Indonesia since reopening borders in […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/indonesia-cancels-plan-to-send-workers-to-malaysias-palm-plantations/
KUALA LUMPUR: Indonesia cancelled a plan to send its citizens to work in palm oil plantations in neighbouring Malaysia, which has faced a labour shortage, its envoy to Kuala Lumpur said on Tuesday. Malaysia, the world’s second-largest palm oil producer, was set to welcome the first major batch of migrant workers from Indonesia since reopening borders in […]
By: via Malaysian Palm Oil Council Russia
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