VEGOILS-Palm oil falls over 3%, weaker soyoil drags
KUALA LUMPUR, Aug 1 (Reuters) - Malaysian palm oil futures fell more than 3% early Monday, snapping a four-session rally as traders booked profits and the contract tracked losses in Chicago soyoil.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 153 ringgit, or 3.57%, to 4,136 ringgit ($929.44) a tonne during early trade.
The contract surged 8.4% last week to its highest in over three weeks.
FUNDAMENTALS
Exports of Malaysian palm oil products for July rose 0.8% to 1,278,579 tonnes from 1,268,523 tonnes shipped during June, cargo surveyor Intertek Testing Services said on Sunday.
Dalian's most-active soyoil contract DBYcv1 gained 0.5%, while its palm oil contract DCPcv1 rose 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance of 4,452 ringgit per tonne, a break above which could lead to a gain to 4,680 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening by global central banks.
By: via Malaysian Palm Oil Council Russia
воскресенье, 31 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Five injured in alleged drone attack on Black Sea Fleet’s headquarters in Sevastopol
Navy Day celebrations in the Crimean city of Sevastopol won’t take place on Sunday following an attack on the Russian Black Sea Fleet’s headquarters
By: via Malaysian Palm Oil Council Russia
Navy Day celebrations in the Crimean city of Sevastopol won’t take place on Sunday following an attack on the Russian Black Sea Fleet’s headquarters
By: via Malaysian Palm Oil Council Russia
четверг, 28 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
India’s palm oil imports from Malaysia to remain stable in 2H22 — IVPA
https://mpoc.org.my/indias-palm-oil-imports-from-malaysia-to-remain-stable-in-2h22-ivpa/
KUALA LUMPUR (July 28): The Indian Vegetable Oil Producers’ Association (IVPA) estimated India’s palm oil imports from Malaysia to remain stable in the second half of the year (2H22), making up about 55% of the country’s total palm oil imports despite Indonesia’s move to accelerate palm oil exports. President Sudhakar Desai said this was in […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/indias-palm-oil-imports-from-malaysia-to-remain-stable-in-2h22-ivpa/
KUALA LUMPUR (July 28): The Indian Vegetable Oil Producers’ Association (IVPA) estimated India’s palm oil imports from Malaysia to remain stable in the second half of the year (2H22), making up about 55% of the country’s total palm oil imports despite Indonesia’s move to accelerate palm oil exports. President Sudhakar Desai said this was in […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans set for biggest weekly gain in 1 year on U.S. weather
SINGAPORE, July 29 (Reuters) - Chicago soybeans ticked lower on Friday but the market is poised for its biggest weekly rise in more than a year as forecasts of hot and dry weather in the U.S. Midwest raised concerns over supplies.
Corn is on track for its biggest weekly gain in almost five months, while wheat is set to finish the week in a positive territory after two weeks of decline.
FUNDAMENTALS
The Chicago Board of Trade's (CBOT) most-active soybean contract Sv1 lost 0.1% to $14.38-1/2 a bushel, as of 0032 GMT. The is market is up 9.4% this week, the biggest gain since early July 2021.
Corn Cv1 has added 9.4%, the biggest weekly rise since early March and wheat Wv1 is up close to 7% this week.
U.S. corn and soybeans have enjoyed seasonably cool, wet weather this week, with much of the U.S. corn crop pollinating during the month of July, though a hot and dry forecast for early August has farmers concerned.
For the wheat market, there is still some uncertainty about the volume of Ukraine's grain exports through the Black Sea despite expectations they could start within days.
U.N. aid chief Martin Griffiths said on Thursday he was hopeful that the first shipment of grain from a Ukrainian Black Sea port could take place as early as Friday, but "crucial" details for the safe passage of vessels were still being worked out.
Griffiths said Turkish, Russian and Ukrainian military officials were working with a U.N. team at a Joint Coordination Center in Istanbul to hammer out standard operating procedures for the deal agreed by the four parties last Friday.
Argentina's wheat planting for the 2022/2023 season has been supported by rainfall in recent days that has helped ease drought conditions in some areas, the Buenos Aires Grains Exchange said on Thursday, a boost for the key farm sector.
The Brazilian government confirmed that China has opened its market to soybean meal produced in the South American country, adding shipments would begin when certain bureaucratic hurdles are removed.
Commodity funds were net buyers of CBOT corn, soybeans, wheat and soyoil futures contracts on Thursday and net sellers of CBOT soymeal futures contracts, traders said.
MARKET NEWS
Wall Street stocks rallied on Thursday, while Treasury yields fell for the third straight day as investors digested data showing a declining U.S. economy for a second straight quarter, a day after the Federal Reserve hiked interest rates.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 29 (Reuters) - Chicago soybeans ticked lower on Friday but the market is poised for its biggest weekly rise in more than a year as forecasts of hot and dry weather in the U.S. Midwest raised concerns over supplies.
Corn is on track for its biggest weekly gain in almost five months, while wheat is set to finish the week in a positive territory after two weeks of decline.
FUNDAMENTALS
The Chicago Board of Trade's (CBOT) most-active soybean contract Sv1 lost 0.1% to $14.38-1/2 a bushel, as of 0032 GMT. The is market is up 9.4% this week, the biggest gain since early July 2021.
Corn Cv1 has added 9.4%, the biggest weekly rise since early March and wheat Wv1 is up close to 7% this week.
U.S. corn and soybeans have enjoyed seasonably cool, wet weather this week, with much of the U.S. corn crop pollinating during the month of July, though a hot and dry forecast for early August has farmers concerned.
For the wheat market, there is still some uncertainty about the volume of Ukraine's grain exports through the Black Sea despite expectations they could start within days.
U.N. aid chief Martin Griffiths said on Thursday he was hopeful that the first shipment of grain from a Ukrainian Black Sea port could take place as early as Friday, but "crucial" details for the safe passage of vessels were still being worked out.
Griffiths said Turkish, Russian and Ukrainian military officials were working with a U.N. team at a Joint Coordination Center in Istanbul to hammer out standard operating procedures for the deal agreed by the four parties last Friday.
Argentina's wheat planting for the 2022/2023 season has been supported by rainfall in recent days that has helped ease drought conditions in some areas, the Buenos Aires Grains Exchange said on Thursday, a boost for the key farm sector.
The Brazilian government confirmed that China has opened its market to soybean meal produced in the South American country, adding shipments would begin when certain bureaucratic hurdles are removed.
Commodity funds were net buyers of CBOT corn, soybeans, wheat and soyoil futures contracts on Thursday and net sellers of CBOT soymeal futures contracts, traders said.
MARKET NEWS
Wall Street stocks rallied on Thursday, while Treasury yields fell for the third straight day as investors digested data showing a declining U.S. economy for a second straight quarter, a day after the Federal Reserve hiked interest rates.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set to gain for fourth day as rival oils strengthen
JAKARTA, July 29 (Reuters) - Malaysian palm oil futures rose on Friday, lifted by stronger rival oils in the Dalian Commodity Exchange, with the benchmark contract heading for second straight weekly gain.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange rose 3.46% to 4,094 ringgit ($920.62) per tonne during early trade, heading for its best day in more than two weeks.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 3.50%, while its palm oil contract DCPcv1 gained 4.61%. Soyoil prices on the Chicago Board of Trade BOcv1 down 0.08%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Chicago soybeans ticked lower but the market is poised for its biggest weekly rise in more than a year as forecasts of hot and dry weather in the U.S. Midwest raised concerns over supplies.
Oil prices gained about $1, lifted by supply concerns and a weaker U.S. dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week marking the end of their 2020 output reduction pact.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Indonesia has agreed to lift a freeze on sending its migrant workers to Malaysia effective August 1. The entry of migrant workers will help Malaysia - the world's second-largest palm oil producer and a key link in the global supply chain - ease a shortage of some 1.2 million workers.
Palm oil FCPOc3 may test a resistance of 4,085 ringgit per tonne, a break above which could lead to a gain to 4,269 ringgit. TECH/C
MARKET NEWS
Asian stocks tracked a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after data showed its economy shrinking for a second straight quarter.
By: via Malaysian Palm Oil Council Russia
JAKARTA, July 29 (Reuters) - Malaysian palm oil futures rose on Friday, lifted by stronger rival oils in the Dalian Commodity Exchange, with the benchmark contract heading for second straight weekly gain.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange rose 3.46% to 4,094 ringgit ($920.62) per tonne during early trade, heading for its best day in more than two weeks.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 3.50%, while its palm oil contract DCPcv1 gained 4.61%. Soyoil prices on the Chicago Board of Trade BOcv1 down 0.08%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Chicago soybeans ticked lower but the market is poised for its biggest weekly rise in more than a year as forecasts of hot and dry weather in the U.S. Midwest raised concerns over supplies.
Oil prices gained about $1, lifted by supply concerns and a weaker U.S. dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week marking the end of their 2020 output reduction pact.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Indonesia has agreed to lift a freeze on sending its migrant workers to Malaysia effective August 1. The entry of migrant workers will help Malaysia - the world's second-largest palm oil producer and a key link in the global supply chain - ease a shortage of some 1.2 million workers.
Palm oil FCPOc3 may test a resistance of 4,085 ringgit per tonne, a break above which could lead to a gain to 4,269 ringgit. TECH/C
MARKET NEWS
Asian stocks tracked a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after data showed its economy shrinking for a second straight quarter.
By: via Malaysian Palm Oil Council Russia
вторник, 26 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm Nutrition Awareness Seminar @ Malaysian Dietitians’ Association Pre-Conference 2022
https://mpoc.org.my/palm-nutrition-awareness-seminar-malaysian-dietitians-association-pre-conference-2022/
In conjunction with Malaysian Dietitians’ Association (MDA) National Conference 2022, MPOC collaborated with MDA to hold a pre-conference palm nutrition awareness seminar programme. The main objective was to keep Malaysian dietitians up-to-date on the latest evidence and scientific findings of Malaysian Palm Oil, in order to widen their perspective of this important commodity of our […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-nutrition-awareness-seminar-malaysian-dietitians-association-pre-conference-2022/
In conjunction with Malaysian Dietitians’ Association (MDA) National Conference 2022, MPOC collaborated with MDA to hold a pre-conference palm nutrition awareness seminar programme. The main objective was to keep Malaysian dietitians up-to-date on the latest evidence and scientific findings of Malaysian Palm Oil, in order to widen their perspective of this important commodity of our […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil prices to fall more due to distress selling by Indonesia — LMC International
https://mpoc.org.my/palm-oil-prices-to-fall-more-due-to-distress-selling-by-indonesia-lmc-international/
KUALA LUMPUR (July 26): Palm oil prices will weaken further in the short term due to softer demand and “distress selling” by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday (July 26). Malaysia’s benchmark crude palm oil prices rose to record highs earlier this year as Russia’s invasion of Ukraine and a temporary […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-prices-to-fall-more-due-to-distress-selling-by-indonesia-lmc-international/
KUALA LUMPUR (July 26): Palm oil prices will weaken further in the short term due to softer demand and “distress selling” by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday (July 26). Malaysia’s benchmark crude palm oil prices rose to record highs earlier this year as Russia’s invasion of Ukraine and a temporary […]
By: via Malaysian Palm Oil Council Russia
понедельник, 25 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm oil extends losses as Indonesian supply to flood the market
https://mpoc.org.my/palm-oil-extends-losses-as-indonesian-supply-to-flood-the-market/
SINGAPORE (July 25): Palm oil fell for a third straight day, as the market remains cautious of a fresh attempt by Indonesia to ramp up overseas shipments. Futures for October delivery swung between gains and losses before closing 1.6% lower at RM3,646 (US$819) a tonne, the lowest in more than a week. Indonesia has been boosting […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-extends-losses-as-indonesian-supply-to-flood-the-market/
SINGAPORE (July 25): Palm oil fell for a third straight day, as the market remains cautious of a fresh attempt by Indonesia to ramp up overseas shipments. Futures for October delivery swung between gains and losses before closing 1.6% lower at RM3,646 (US$819) a tonne, the lowest in more than a week. Indonesia has been boosting […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*GODREJ'S DORAB MISTRY SPEAKS IN BLOOMBERG TV INTERVIEW*
*PALM OIL PRICES HAVE NOT FOUND A BOTTOM: ANALYST MISTRY
*PALM PRICES TO ONLY HIT BOTTOM ON UKRAINE WAR CEASEFIRE: MISTRY
*PALM OIL STOCKPILES IN INDONESIA ESTIMATED AT 10M TONS: MISTRY
*INDONESIA SHOULD EXTEND EXPORT LEVY EXEMPTION: MISTRY
*FOOD INFLATION PRICES HAVE PEAKED MAY-JUNE: MISTRY
*PALM OIL PRICES MAY SLUMP TO 3,000 RGT/T BY SEPTEMBER: MISTRY
*PALM MAY DROP TO 2,500-3,000 RGT WHEN UKRAINE WAR ENDS: MISTRY
By: via Malaysian Palm Oil Council Russia
*PALM OIL PRICES HAVE NOT FOUND A BOTTOM: ANALYST MISTRY
*PALM PRICES TO ONLY HIT BOTTOM ON UKRAINE WAR CEASEFIRE: MISTRY
*PALM OIL STOCKPILES IN INDONESIA ESTIMATED AT 10M TONS: MISTRY
*INDONESIA SHOULD EXTEND EXPORT LEVY EXEMPTION: MISTRY
*FOOD INFLATION PRICES HAVE PEAKED MAY-JUNE: MISTRY
*PALM OIL PRICES MAY SLUMP TO 3,000 RGT/T BY SEPTEMBER: MISTRY
*PALM MAY DROP TO 2,500-3,000 RGT WHEN UKRAINE WAR ENDS: MISTRY
By: via Malaysian Palm Oil Council Russia
воскресенье, 24 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat rebounds on doubts over Ukrainian exports, corn firms
SINGAPORE, July 25 (Reuters) - Chicago wheat futures rose more than 2% on Monday, with the market recouping some of last session's deep losses on concerns over supplies from the Black Sea region, despite a Russia-Ukraine deal.
Corn rose 1.2%, while soybeans gained 0.6%.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade Wv1 (CBOT) added 2.4% to $7.77-1/4 a bushel, as of 0057 GMT.
Corn Cv1 gained 1.2% at $5.71 a bushel and soybeans Sv1 rose 0.6% to $13.23-1/2 a bushel.
Ukraine pressed ahead on Sunday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer if a Russian missile strike on Odesa was a sign of more to come.
President Volodymyr Zelenskiy denounced Saturday's attack as "barbarism" that showed Moscow could not be trusted to implement a deal struck just one day earlier with Turkish and United Nations mediation.
However, Russia's Foreign Minister Sergei Lavrov offered reassurances over Russian grain supplies to Egypt during a visit to Cairo on Sunday, amid uncertainty over a deal to resume Ukrainian exports from the Black Sea.
Egypt is one of the world's top wheat importers and last year bought about 80% of those imports from Russia and Ukraine. Russia's Feb. 24 invasion of Ukraine disrupted shipments and sped up a rise in global commodity prices, delivering a financial shock to Egypt.
Buyers from China purchased large volumes of Australian and French wheat this week in a sign that the Asian country is taking advantage of a recent dip in prices to fill its large needs, European traders said on Friday.
Soybean exports from Brazil are expected to total 91.5 million tonnes in 2023, up from the 77.2 million estimated for 2022, as the world's biggest supplier prepares to plant a super crop.
The projection, made by private consultancy Safras & Mercado on Friday, reflects bullish yield and acreage forecasts for the next season, which comes after one in which a drought spoiled part of the crop.
Large speculators cut their net long position in CBOT corn futures in the week to July 19, 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, trimmed their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 25 (Reuters) - Chicago wheat futures rose more than 2% on Monday, with the market recouping some of last session's deep losses on concerns over supplies from the Black Sea region, despite a Russia-Ukraine deal.
Corn rose 1.2%, while soybeans gained 0.6%.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade Wv1 (CBOT) added 2.4% to $7.77-1/4 a bushel, as of 0057 GMT.
Corn Cv1 gained 1.2% at $5.71 a bushel and soybeans Sv1 rose 0.6% to $13.23-1/2 a bushel.
Ukraine pressed ahead on Sunday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer if a Russian missile strike on Odesa was a sign of more to come.
President Volodymyr Zelenskiy denounced Saturday's attack as "barbarism" that showed Moscow could not be trusted to implement a deal struck just one day earlier with Turkish and United Nations mediation.
However, Russia's Foreign Minister Sergei Lavrov offered reassurances over Russian grain supplies to Egypt during a visit to Cairo on Sunday, amid uncertainty over a deal to resume Ukrainian exports from the Black Sea.
Egypt is one of the world's top wheat importers and last year bought about 80% of those imports from Russia and Ukraine. Russia's Feb. 24 invasion of Ukraine disrupted shipments and sped up a rise in global commodity prices, delivering a financial shock to Egypt.
Buyers from China purchased large volumes of Australian and French wheat this week in a sign that the Asian country is taking advantage of a recent dip in prices to fill its large needs, European traders said on Friday.
Soybean exports from Brazil are expected to total 91.5 million tonnes in 2023, up from the 77.2 million estimated for 2022, as the world's biggest supplier prepares to plant a super crop.
The projection, made by private consultancy Safras & Mercado on Friday, reflects bullish yield and acreage forecasts for the next season, which comes after one in which a drought spoiled part of the crop.
Large speculators cut their net long position in CBOT corn futures in the week to July 19, 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, trimmed their net short position in CBOT wheat and cut their net long position in soybeans.
MARKET NEWS
A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rebounds ahead of Malaysia export figures
JAKARTA, July 25 (Reuters) - Malaysian palm oil futures rebounded on Monday ahead of export numbers from the country, while concerns over Indonesia easing export restrictions may cap gains.
The contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 0.46% to 3,721 ringgit ($836.18) a tonne during early trade. It recouped some of the 6%losses posted in the previous two sessions.
FUNDAMENTALS
Exports of Malaysian palm oil products for July 1-20 fell to 724,283 tonnes from 734,231 tonnes shipped during June 1-20, cargo surveyor Societe Generale de Surveillance said on Monday.
Indonesia is considering removing a domestic sales requirement for palm oil exports as high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, the trade minister said on Friday.
Dalian's most-active soyoil contract DBYcv1 rose 0.24%, while its palm oil contract DCPv1 gained 0.26%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.32%.
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 revisit its July 14 low of 3,489 ringgit per tonne, as the bounce from this level has been almost reversed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite.
By: via Malaysian Palm Oil Council Russia
JAKARTA, July 25 (Reuters) - Malaysian palm oil futures rebounded on Monday ahead of export numbers from the country, while concerns over Indonesia easing export restrictions may cap gains.
The contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 0.46% to 3,721 ringgit ($836.18) a tonne during early trade. It recouped some of the 6%losses posted in the previous two sessions.
FUNDAMENTALS
Exports of Malaysian palm oil products for July 1-20 fell to 724,283 tonnes from 734,231 tonnes shipped during June 1-20, cargo surveyor Societe Generale de Surveillance said on Monday.
Indonesia is considering removing a domestic sales requirement for palm oil exports as high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, the trade minister said on Friday.
Dalian's most-active soyoil contract DBYcv1 rose 0.24%, while its palm oil contract DCPv1 gained 0.26%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.32%.
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 revisit its July 14 low of 3,489 ringgit per tonne, as the bounce from this level has been almost reversed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia’s palm oil demand to sustain despite Indonesia’s export levy waive – Zuraida
https://mpoc.org.my/malaysias-palm-oil-demand-to-sustain-despite-indonesias-export-levy-waive-zuraida/
KUALA LUMPUR: Demand for Malaysia’s palm oil will continue to rise globally despite Indonesia’s decision to waive its palm oil export levy to cut bloated stockpiles, said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin. She assured that market jitters, if there were, would only be temporary. “Whatever it is, the world needs palm […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysias-palm-oil-demand-to-sustain-despite-indonesias-export-levy-waive-zuraida/
KUALA LUMPUR: Demand for Malaysia’s palm oil will continue to rise globally despite Indonesia’s decision to waive its palm oil export levy to cut bloated stockpiles, said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin. She assured that market jitters, if there were, would only be temporary. “Whatever it is, the world needs palm […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn futures hit eight-month low, wheat falls more than 2%
SINGAPORE, July 22 (Reuters) - Chicago corn futures slid 1.5% on Friday, with the market falling to its lowest in almost eight months, as forecasts of favourable U.S. weather eased global supply worries.
Wheat fell more than 2% on expectations of higher supplies from the Black Sea region after Russia and Ukraine agreed to sign a deal to open ports for grain shipments.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 1.5% to $5.65 a bushel, the lowest since Nov. 30. For the week, corn has declined 6.4%, falling for a second week in a row.
Wheat Wv1 gave up 2.3% to $7.88 a bushel and soybeans Sv1 lost 0.6% to $12.93-1/4 a bushel.
The corn market has lost ground on expectations of rains in the U.S. Midwest where corn is pollinating, its key reproductive phase.
However, the International Grains Council on Thursday trimmed its forecast for 2022/23 global corn output, largely driven by drought stress in the European Union.
In its monthly update, the inter-governmental body reduced its 2022/23 world corn (maize) crop outlook by 1 million tonnes to 1.189 billion tonnes, well below the previous season's 1.220 billion tonnes.
The wheat market is facing pressure as Russia and Ukraine are set to sing a deal to boost exports.
Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports to grain exports, Turkey said, a hopeful sign that an international food crisis caused by Russia's invasion could be eased.
Ukraine and Russia, both among the world's biggest exporters of food, did not immediately confirm Thursday's announcement by the office of the Turkish presidency. But in a late night video address, Ukrainian President Volodymyr Zelenskiy hinted that his country's Black Sea ports could soon be unblocked.
U.S. wheat exports have been gaining since the Russia-Ukraine war curbed shipments earlier this year.
U.S. wheat exporters last year notched their second-worst performance in a half century with global market share at an all-time low, as competing wheat offerings were plentiful and cheaper, Karen Braun, a market analyst for Reuters, wrote in a column.
But U.S. export prices have fallen sharply in the last two months, drawing the attention of global buyers and driving up weekly sales, which reached a nine-year high earlier this month, Braun added.
Egypt's state grains buyer is believed to have bought an additional 120,000 tonnes of Russian and French wheat on Thursday, traders said, after booking 640,000 tonnes a day earlier.
Commodity funds were net sellers of CBOT soybean, corn, wheat, soyoil and soymeal futures contracts on Thursday, traders said.
MARKET NEWS
A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 22 (Reuters) - Chicago corn futures slid 1.5% on Friday, with the market falling to its lowest in almost eight months, as forecasts of favourable U.S. weather eased global supply worries.
Wheat fell more than 2% on expectations of higher supplies from the Black Sea region after Russia and Ukraine agreed to sign a deal to open ports for grain shipments.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 1.5% to $5.65 a bushel, the lowest since Nov. 30. For the week, corn has declined 6.4%, falling for a second week in a row.
Wheat Wv1 gave up 2.3% to $7.88 a bushel and soybeans Sv1 lost 0.6% to $12.93-1/4 a bushel.
The corn market has lost ground on expectations of rains in the U.S. Midwest where corn is pollinating, its key reproductive phase.
However, the International Grains Council on Thursday trimmed its forecast for 2022/23 global corn output, largely driven by drought stress in the European Union.
In its monthly update, the inter-governmental body reduced its 2022/23 world corn (maize) crop outlook by 1 million tonnes to 1.189 billion tonnes, well below the previous season's 1.220 billion tonnes.
The wheat market is facing pressure as Russia and Ukraine are set to sing a deal to boost exports.
Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports to grain exports, Turkey said, a hopeful sign that an international food crisis caused by Russia's invasion could be eased.
Ukraine and Russia, both among the world's biggest exporters of food, did not immediately confirm Thursday's announcement by the office of the Turkish presidency. But in a late night video address, Ukrainian President Volodymyr Zelenskiy hinted that his country's Black Sea ports could soon be unblocked.
U.S. wheat exports have been gaining since the Russia-Ukraine war curbed shipments earlier this year.
U.S. wheat exporters last year notched their second-worst performance in a half century with global market share at an all-time low, as competing wheat offerings were plentiful and cheaper, Karen Braun, a market analyst for Reuters, wrote in a column.
But U.S. export prices have fallen sharply in the last two months, drawing the attention of global buyers and driving up weekly sales, which reached a nine-year high earlier this month, Braun added.
Egypt's state grains buyer is believed to have bought an additional 120,000 tonnes of Russian and French wheat on Thursday, traders said, after booking 640,000 tonnes a day earlier.
Commodity funds were net sellers of CBOT soybean, corn, wheat, soyoil and soymeal futures contracts on Thursday, traders said.
MARKET NEWS
A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm bounces back, set for first weekly climb in three
KUALA LUMPUR, July 22 (Reuters) - Malaysian palm oil futures rose on Friday after slumping over 5% in the previous session, with the benchmark contract being on track for its first weekly gain in three.
The contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange climbed 41 ringgit, or 1.1%, to 3,761 ringgit ($844.60) a tonne during early trade. For the week, it is up 4.5% so far.
FUNDAMENTALS
Indonesia's anti-monopoly agency has accused 27 cooking oil companies of unfair business practices, saying it has enough evidence to put together a formal case against them.
Oil prices added more than $1 after sliding in the previous session on weakened demand in the United States, the world's top oil consumer, and a pick-up in supplies from Libya.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 fell 0.5%, while its palm oil contract DCPcv1 lost 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm may break a support at 3,706 ringgit and fall towards the July 14 low of 3,489 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 22 (Reuters) - Malaysian palm oil futures rose on Friday after slumping over 5% in the previous session, with the benchmark contract being on track for its first weekly gain in three.
The contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange climbed 41 ringgit, or 1.1%, to 3,761 ringgit ($844.60) a tonne during early trade. For the week, it is up 4.5% so far.
FUNDAMENTALS
Indonesia's anti-monopoly agency has accused 27 cooking oil companies of unfair business practices, saying it has enough evidence to put together a formal case against them.
Oil prices added more than $1 after sliding in the previous session on weakened demand in the United States, the world's top oil consumer, and a pick-up in supplies from Libya.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 fell 0.5%, while its palm oil contract DCPcv1 lost 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm may break a support at 3,706 ringgit and fall towards the July 14 low of 3,489 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation.
By: via Malaysian Palm Oil Council Russia
четверг, 21 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn drops for 3rd session as U.S. rains boost crop prospects; wheat firms
SINGAPORE, July 21 (Reuters) - Chicago corn futures lost more ground on Thursday as forecasts for rains in dry parts of the U.S. Midwest raised hopes of a bumper crop.
Wheat edged higher as the market awaited Egyptian wheat purchase negotiations as well as talks on a possible deal to resume sea grain shipments from war-torn Ukraine.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 0.1% to $5.89-1/2 a bushel, as of 0015 GMT and soybeans Sv1 added 0.5% to $13.38-1/4 a bushel.
Wheat Wv1 rose 0.6% to $8.24-1/4 a bushel.
Corn fell as the market focused on weather forecasts for the United States, where rains expected next week were seen easing some of the stress on crops from a hot spell that has scorched the southern Plains and extended into the southern Midwest.
July is the key weather month for the development of the U.S. corn crop, while August is more important for soybeans.
The U.S. Energy Information Administration said weekly production of corn-based ethanol rose last week to 1.030 million barrels per day, the first increase in five weeks, and stockpiles fell slightly.
In the wheat market, traders awaited results of potential wheat purchases by Egypt, the top global importer of the food grain. An estimated 15 trading companies are believed to be taking part in direct negotiations with Egypt's state grains buyer GASC on the purchase of an undisclosed volume of wheat, traders said in initial assessments.
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea.
Commodity funds were net sellers of CBOT soybean, soyoil, corn and soymeal futures contracts on Wednesday and net buyers of wheat futures, traders said.
MARKET NEWS
A gauge of global stocks rose for a fourth straight day on Wednesday, buoyed by optimism over the early stages of the U.S. corporate earnings season, while the dollar edged up ahead of a rate decision by the European Central Bank on Thursday.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 21 (Reuters) - Chicago corn futures lost more ground on Thursday as forecasts for rains in dry parts of the U.S. Midwest raised hopes of a bumper crop.
Wheat edged higher as the market awaited Egyptian wheat purchase negotiations as well as talks on a possible deal to resume sea grain shipments from war-torn Ukraine.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 0.1% to $5.89-1/2 a bushel, as of 0015 GMT and soybeans Sv1 added 0.5% to $13.38-1/4 a bushel.
Wheat Wv1 rose 0.6% to $8.24-1/4 a bushel.
Corn fell as the market focused on weather forecasts for the United States, where rains expected next week were seen easing some of the stress on crops from a hot spell that has scorched the southern Plains and extended into the southern Midwest.
July is the key weather month for the development of the U.S. corn crop, while August is more important for soybeans.
The U.S. Energy Information Administration said weekly production of corn-based ethanol rose last week to 1.030 million barrels per day, the first increase in five weeks, and stockpiles fell slightly.
In the wheat market, traders awaited results of potential wheat purchases by Egypt, the top global importer of the food grain. An estimated 15 trading companies are believed to be taking part in direct negotiations with Egypt's state grains buyer GASC on the purchase of an undisclosed volume of wheat, traders said in initial assessments.
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea.
Commodity funds were net sellers of CBOT soybean, soyoil, corn and soymeal futures contracts on Wednesday and net buyers of wheat futures, traders said.
MARKET NEWS
A gauge of global stocks rose for a fourth straight day on Wednesday, buoyed by optimism over the early stages of the U.S. corporate earnings season, while the dollar edged up ahead of a rate decision by the European Central Bank on Thursday.
By: via Malaysian Palm Oil Council Russia
среда, 20 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm falls on lower soyoil prices, weak exports
KUALA LUMPUR, July 21 (Reuters) - Malaysian palm oil futures slipped more than 2% on Thursday, giving up most of the gains from the previous session, weighed down by weaker rival edible oils and a bearish export outlook.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 88 ringgit, or 2.24%, to 3,847 ringgit ($863.52) a tonne during early trade.
FUNDAMENTALS
Exports from Malaysia during July 1-20 fell between 2% and 9.6% from the month before, cargo surveyors said on Wednesday.
Demand for Malaysian palm oil is expected to remain weak due to more attractive pricing from rival Indonesia, which has scrapped its export levy for all palm oil products until end-August.
Dalian's most-active soyoil contract DBYcv1 fell 1.7%, while its palm oil contract DCPcv1 lost 1.9%. 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.
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand during the peak summer driving season.
A bullish target of 4,246 ringgit per tonne has been temporarily aborted for palm oil. It will only be resumed when the contract breaks 4,057 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks inched lower and the dollar was firm on Thursday as looming central bank meetings in Europe and Japan and uncertainty over the supply of Russian gas kept traders on edge.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 21 (Reuters) - Malaysian palm oil futures slipped more than 2% on Thursday, giving up most of the gains from the previous session, weighed down by weaker rival edible oils and a bearish export outlook.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 88 ringgit, or 2.24%, to 3,847 ringgit ($863.52) a tonne during early trade.
FUNDAMENTALS
Exports from Malaysia during July 1-20 fell between 2% and 9.6% from the month before, cargo surveyors said on Wednesday.
Demand for Malaysian palm oil is expected to remain weak due to more attractive pricing from rival Indonesia, which has scrapped its export levy for all palm oil products until end-August.
Dalian's most-active soyoil contract DBYcv1 fell 1.7%, while its palm oil contract DCPcv1 lost 1.9%. 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.
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand during the peak summer driving season.
A bullish target of 4,246 ringgit per tonne has been temporarily aborted for palm oil. It will only be resumed when the contract breaks 4,057 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks inched lower and the dollar was firm on Thursday as looming central bank meetings in Europe and Japan and uncertainty over the supply of Russian gas kept traders on edge.
By: via Malaysian Palm Oil Council Russia
вторник, 19 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn, soybeans ease for 2nd day on forecasts of favourable U.S. weather
SINGAPORE, July 20 (Reuters) - Chicago corn and soybean futures lost more ground on Wednesday, with prices under pressure from expectations of beneficial rains in parts of the U.S. Midwest, easing concerns over supplies.
Wheat slid after Egypt, the world's biggest importer, cancelled an international purchase tender that had drawn offers of U.S. wheat.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 1% to $5.89-1/2 a bushel, as of 0048 GMT, and soybeans Sv1 gave up 1% to $13.45 a bushel.
Wheat Wv1 dropped 1.1% to $8.03 a bushel.
Corn and soybeans are being weighed down by forecasts pointing to beneficial rains in parts of the U.S. Midwest crop belt next week, which could bolster yields.
A weekly report on Monday showed stabilising U.S. crop conditions. The U.S. Department of Agriculture (USDA) late on Monday rated 64% of the U.S. corn crop in good-to-excellent condition, unchanged from the previous week, while analysts surveyed by Reuters on average had expected a decline of one percentage point.
Egypt's state grains buyer GASC cancelled its international tender for wheat with no purchase made, as offer prices were higher than estimates.
There was additional pressure on the wheat market amid hopes that a deal will be found to export more grains out of Ukraine as Russian President Vladimir Putin met with his Turkish counterpart in Iran to discuss the matter.
Unsold grain stocks have piled up in Ukraine as the country has not been able to access the Black Sea ports since Russia's invasion in February.
While some crops have left by rail or road via neighbours such as Romania and Poland, millions of tonnes have piled up on farms.
The USDA estimated this month that Ukraine ended the 2021/22 season in June with 6.8 million tonnes of corn, an eight-fold rise from a year earlier, while wheat stocks almost quadrupled to 5.8 million tonnes.
Commodity funds were net sellers of CBOT corn, soybean, soyoil, soymeal and wheat futures contracts on Tuesday, traders said.
MARKET NEWS
A global gauge of stocks notched its biggest one-day percentage gain in nearly a month on Tuesday and the dollar weakened for a third straight day as expectations grew for the European Central Bank to enact a bigger rate hike than expected this week.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 20 (Reuters) - Chicago corn and soybean futures lost more ground on Wednesday, with prices under pressure from expectations of beneficial rains in parts of the U.S. Midwest, easing concerns over supplies.
Wheat slid after Egypt, the world's biggest importer, cancelled an international purchase tender that had drawn offers of U.S. wheat.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 1% to $5.89-1/2 a bushel, as of 0048 GMT, and soybeans Sv1 gave up 1% to $13.45 a bushel.
Wheat Wv1 dropped 1.1% to $8.03 a bushel.
Corn and soybeans are being weighed down by forecasts pointing to beneficial rains in parts of the U.S. Midwest crop belt next week, which could bolster yields.
A weekly report on Monday showed stabilising U.S. crop conditions. The U.S. Department of Agriculture (USDA) late on Monday rated 64% of the U.S. corn crop in good-to-excellent condition, unchanged from the previous week, while analysts surveyed by Reuters on average had expected a decline of one percentage point.
Egypt's state grains buyer GASC cancelled its international tender for wheat with no purchase made, as offer prices were higher than estimates.
There was additional pressure on the wheat market amid hopes that a deal will be found to export more grains out of Ukraine as Russian President Vladimir Putin met with his Turkish counterpart in Iran to discuss the matter.
Unsold grain stocks have piled up in Ukraine as the country has not been able to access the Black Sea ports since Russia's invasion in February.
While some crops have left by rail or road via neighbours such as Romania and Poland, millions of tonnes have piled up on farms.
The USDA estimated this month that Ukraine ended the 2021/22 season in June with 6.8 million tonnes of corn, an eight-fold rise from a year earlier, while wheat stocks almost quadrupled to 5.8 million tonnes.
Commodity funds were net sellers of CBOT corn, soybean, soyoil, soymeal and wheat futures contracts on Tuesday, traders said.
MARKET NEWS
A global gauge of stocks notched its biggest one-day percentage gain in nearly a month on Tuesday and the dollar weakened for a third straight day as expectations grew for the European Central Bank to enact a bigger rate hike than expected this week.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil gains 4% as Asian buyers ramp up purchases
KUALA LUMPUR, July 20 (Reuters) - Malaysian palm oil futures jumped more than 4% on Wednesday, recovering from losses posted in the previous session, as the recent slump in prices spurred fresh demand from Asian buyers.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives gained 161 ringgit, or 4.22%, to 3,973 ringgit ($892.61) during early trade.
FUNDAMENTALS
Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports.
Malaysia has maintained its August export tax for crude palm oil at 8% and lowered its reference price, a Malaysian Palm Oil Board circular showed on Tuesday.
The world's second-largest producer is losing around 57,880 tonnes of palm oil fruit each day, or 1.5 million tonnes per month, due to an acute shortage of labour, the commodities ministry said on Tuesday.
Dalian's most-active soyoil contract DBYcv1 rose 0.7% while its palm oil contract DCPcv1 gained 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil still targets 4,246 ringgit per tonne, as a five-wave cycle from 6,698 ringgit has completed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended a global rally on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 20 (Reuters) - Malaysian palm oil futures jumped more than 4% on Wednesday, recovering from losses posted in the previous session, as the recent slump in prices spurred fresh demand from Asian buyers.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives gained 161 ringgit, or 4.22%, to 3,973 ringgit ($892.61) during early trade.
FUNDAMENTALS
Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports.
Malaysia has maintained its August export tax for crude palm oil at 8% and lowered its reference price, a Malaysian Palm Oil Board circular showed on Tuesday.
The world's second-largest producer is losing around 57,880 tonnes of palm oil fruit each day, or 1.5 million tonnes per month, due to an acute shortage of labour, the commodities ministry said on Tuesday.
Dalian's most-active soyoil contract DBYcv1 rose 0.7% while its palm oil contract DCPcv1 gained 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil still targets 4,246 ringgit per tonne, as a five-wave cycle from 6,698 ringgit has completed, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares extended a global rally on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Bangladesh Oils & Fats Review & Outlook
https://mpoc.org.my/bangladesh-oils-fats-review-outlook/
The prices of global commodities have soared over the past two years which is fueled by variety of factors, including supply shortages, disruption in supply chain, manpower shortages, and increasing energy prices. Prices of major traded edible oils have also increased significantly in the last two years and have reached record high levels. Many countries […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/bangladesh-oils-fats-review-outlook/
The prices of global commodities have soared over the past two years which is fueled by variety of factors, including supply shortages, disruption in supply chain, manpower shortages, and increasing energy prices. Prices of major traded edible oils have also increased significantly in the last two years and have reached record high levels. Many countries […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm Oil Health Awareness Evening Forum 11 June 2022, George Town, Penang
https://mpoc.org.my/palm-oil-health-awareness-evening-forum-11-june-2022-george-town-penang/
Palm Oil Health Awareness Evening Forum is one of SESD program under the Education Programs for Health and Nutrition-Related Professionals. This programme is comprised of a series of half day seminars, aimed to generate interest and update knowledge on palm oil and palm tocotrienols among local medical doctors, pharmacists and other professionals from the biomedical […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-health-awareness-evening-forum-11-june-2022-george-town-penang/
Palm Oil Health Awareness Evening Forum is one of SESD program under the Education Programs for Health and Nutrition-Related Professionals. This programme is comprised of a series of half day seminars, aimed to generate interest and update knowledge on palm oil and palm tocotrienols among local medical doctors, pharmacists and other professionals from the biomedical […]
By: via Malaysian Palm Oil Council Russia
понедельник, 18 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat up 1.6%, prices recover from 5-month low; corn eases
SINGAPORE, July 18 (Reuters) - Chicago wheat futures rose 1.6% on Monday, with the market rising for the first time in six sessions and recovering from its lowest in more than five months, although hopes for a pick-up in Ukrainian exports limited gains.
Corn slid after gaining on Friday on concerns over hot weather threatening the U.S. crop in its critical phase of pollination.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade Wv1 (CBOT) rose 1.6% to $7.89 a bushel, by 0009 GMT, after dropping to its weakest since Feb. 10 at $7.66 a bushel in the last session.
Corn Cv1 lost 0.1% to $6.03 a bushel, while soybeans Sv1 added 0.3% to $13.46-1/4 a bushel.
Russia's proposals on how to resume Ukrainian grain exports were "largely supported" by negotiators at talks this week in Istanbul and an agreement is close, the Russian defence ministry said on Friday.
The disruption to Black Sea shipping routes caused by Russia's invasion of Ukraine sparked a rally that pushed wheat futures near record highs by early-March.
Ukrainian farmers have threshed 3.6 million tonnes of grain of the 2022 grain harvest from about 10% of the sowing area, Ukrainian agriculture ministry said on Friday.
French farmers had harvested 50% of this year's soft wheat crop by July 11 compared with 14% a week earlier and far ahead of last season after hot and dry weather boosted crop development, farm office FranceAgriMer said on Friday.
French farmers had only harvested 3% of the soft wheat crop by the same time in 2021.
Conditions across most of Argentina's vast farm lands will remain mostly dry over the next week, the Buenos Aires Grains Exchange said on Thursday, just a few hours after its peer in Rosario cut its estimate for the wheat crop by 4.3% due to drought affecting important agricultural provinces.
Egypt's state grains buyer the General Authority for Supply Commodities is seeking an unspecified amount of wheat in international purchasing tender.
Large speculators cut their net long position in CBOT corn futures in the week to July 12, 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 equities climbed on Friday, while the dollar dipped and oil rose as investors reduced their expectations of an aggressive interest rate hike by the Federal Reserve this month and as U.S. spending data beat forecasts.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 18 (Reuters) - Chicago wheat futures rose 1.6% on Monday, with the market rising for the first time in six sessions and recovering from its lowest in more than five months, although hopes for a pick-up in Ukrainian exports limited gains.
Corn slid after gaining on Friday on concerns over hot weather threatening the U.S. crop in its critical phase of pollination.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade Wv1 (CBOT) rose 1.6% to $7.89 a bushel, by 0009 GMT, after dropping to its weakest since Feb. 10 at $7.66 a bushel in the last session.
Corn Cv1 lost 0.1% to $6.03 a bushel, while soybeans Sv1 added 0.3% to $13.46-1/4 a bushel.
Russia's proposals on how to resume Ukrainian grain exports were "largely supported" by negotiators at talks this week in Istanbul and an agreement is close, the Russian defence ministry said on Friday.
The disruption to Black Sea shipping routes caused by Russia's invasion of Ukraine sparked a rally that pushed wheat futures near record highs by early-March.
Ukrainian farmers have threshed 3.6 million tonnes of grain of the 2022 grain harvest from about 10% of the sowing area, Ukrainian agriculture ministry said on Friday.
French farmers had harvested 50% of this year's soft wheat crop by July 11 compared with 14% a week earlier and far ahead of last season after hot and dry weather boosted crop development, farm office FranceAgriMer said on Friday.
French farmers had only harvested 3% of the soft wheat crop by the same time in 2021.
Conditions across most of Argentina's vast farm lands will remain mostly dry over the next week, the Buenos Aires Grains Exchange said on Thursday, just a few hours after its peer in Rosario cut its estimate for the wheat crop by 4.3% due to drought affecting important agricultural provinces.
Egypt's state grains buyer the General Authority for Supply Commodities is seeking an unspecified amount of wheat in international purchasing tender.
Large speculators cut their net long position in CBOT corn futures in the week to July 12, 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 equities climbed on Friday, while the dollar dipped and oil rose as investors reduced their expectations of an aggressive interest rate hike by the Federal Reserve this month and as U.S. spending data beat forecasts.
By: via Malaysian Palm Oil Council Russia
воскресенье, 17 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil jumps tracking rival oils, Indonesia lifting export levy weighs
KUALA LUMPUR, July 18 (Reuters) - Malaysian palm oil futures climbed on Monday, tracking overnight gains in rival soyoil, although top producer Indonesia's move to lift its export levy capped gains.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange jumped 148 ringgit, or 4.08%, to 3,777 ringgit ($849.15) a tonne during early trade.
FUNDAMENTALS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding that the move would not disrupt government revenues.
Dalian's most-active soyoil contract DBYcv1 gained 3.3%, while its palm oil contract DCPcv1 rose 3.5%. Soyoil prices on the Chicago Board of Trade BOcv1 eased after a 4% climb on Friday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,782 ringgit per tonne, a break above which could lead to a gain into 3,900-4,090 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares inched higher, following a much-needed bounce on Wall Street on Friday, but nerves are stretched ahead of a near-certain rate hike in Europe and another round of corporate earnings reports.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 18 (Reuters) - Malaysian palm oil futures climbed on Monday, tracking overnight gains in rival soyoil, although top producer Indonesia's move to lift its export levy capped gains.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange jumped 148 ringgit, or 4.08%, to 3,777 ringgit ($849.15) a tonne during early trade.
FUNDAMENTALS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding that the move would not disrupt government revenues.
Dalian's most-active soyoil contract DBYcv1 gained 3.3%, while its palm oil contract DCPcv1 rose 3.5%. Soyoil prices on the Chicago Board of Trade BOcv1 eased after a 4% climb on Friday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,782 ringgit per tonne, a break above which could lead to a gain into 3,900-4,090 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares inched higher, following a much-needed bounce on Wall Street on Friday, but nerves are stretched ahead of a near-certain rate hike in Europe and another round of corporate earnings reports.
By: via Malaysian Palm Oil Council Russia
пятница, 15 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Крупнейший в РК завод "Масло-Дел" просит помощи
Заводы «Масло-Дела» могут закрыться из-за абсурдности госстандартов, которые запрещают выпускать масло с трансизомерами (искусственными жирами) более 2% от общего числа жиров. Об этом рассказал директор завода на встрече с бизнес-омбудсменом Рустамом Журсуновым.
Напомним г-ну Журсунову, что ВОЗ рекомендует ограничить потребление трансизомеров жирных кислот 1% от суточной калорийности пищи - примерно 2% в пересчете на жир.
И ещё, 20-30% трансизомеров это повышенный риск сердечно-сосудистых заболеваний и диабета второго типа.
By: via Malaysian Palm Oil Council Russia
Заводы «Масло-Дела» могут закрыться из-за абсурдности госстандартов, которые запрещают выпускать масло с трансизомерами (искусственными жирами) более 2% от общего числа жиров. Об этом рассказал директор завода на встрече с бизнес-омбудсменом Рустамом Журсуновым.
Напомним г-ну Журсунову, что ВОЗ рекомендует ограничить потребление трансизомеров жирных кислот 1% от суточной калорийности пищи - примерно 2% в пересчете на жир.
И ещё, 20-30% трансизомеров это повышенный риск сердечно-сосудистых заболеваний и диабета второго типа.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat ticks up, set for biggest weekly drop in 3-1/2 months
SINGAPORE, July 15 (Reuters) - Chicago wheat edged higher on Friday, but the market is on track for its biggest weekly decline since early-April on optimism of a deal to resume Ukraine's stalled grain exports.
Corn and soybeans gained ground on forecasts of hot and dry weather in parts of the U.S. Midwest, with both market poised to end the week in a negative territory.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 0.6% to $7.99 a bushel, as of 0011 GMT, and has dropped 10.3% this week, the biggest since the beginning of April.
Corn Cv1 and soybeans Sv1 have lost more than 3% this week.
Major global wheat exporters Ukraine and Russia see positive signs in discussions which could lead to the resumption of Ukrainian Black Sea grain exports after Wednesday's talks in Istanbul, their officials said.
Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine's grain exports, Turkish defence minister Hulusi Akar said after the talks, although U.N. chief Antonio Guterres was a little more cautious.
Strong demand for U.S. cargoes underpinned prices. Export sales of U.S. wheat in the week ended July 7 totalled more than 1 million tonnes, U.S. government data showed on Thursday, representing the biggest weekly tally since March 2020 as prices tumbled enough to attract interest from global buyers.
The U.S. Department of Agriculture reported weekly sales of 1,017,156 tonnes of "old crop" wheat, harvested in 2022, and another 30,000 tonnes of "new crop" wheat to be harvested in 2023, for a total of 1,047,156 tonnes. That was the most since the week ended March 19, 2020, when sales of old- and new-crop wheat reached 1,106,398 tonnes.
Consultancy Strategie Grains on Thursday cut all its forecasts for this year's grain crops in the European Union, as it fine-tuned wheat and barley estimates as harvest progresses in the bloc and pointing to dry weather threatening maize fields.
The EU wheat crop was expected at 123.3 million tonnes, down from 124.4 million projected in June and below the revised 129.9 million tonnes harvested last year, it said in a monthly report.
Conditions across most of Argentina's vast farm lands will remain mostly dry over the next week, the Buenos Aires Grains Exchange said on Thursday, just a few hours after its peer in Rosario cut its estimate for the wheat crop by 4.3% due to drought affecting important agricultural provinces.
Commodity funds were net sellers of CBOT soybeans, wheat and soyoil futures contracts and net buyers of CBOT corn and soymeal on Thursday, traders said.
MARKET NEWS
Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 15 (Reuters) - Chicago wheat edged higher on Friday, but the market is on track for its biggest weekly decline since early-April on optimism of a deal to resume Ukraine's stalled grain exports.
Corn and soybeans gained ground on forecasts of hot and dry weather in parts of the U.S. Midwest, with both market poised to end the week in a negative territory.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 0.6% to $7.99 a bushel, as of 0011 GMT, and has dropped 10.3% this week, the biggest since the beginning of April.
Corn Cv1 and soybeans Sv1 have lost more than 3% this week.
Major global wheat exporters Ukraine and Russia see positive signs in discussions which could lead to the resumption of Ukrainian Black Sea grain exports after Wednesday's talks in Istanbul, their officials said.
Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine's grain exports, Turkish defence minister Hulusi Akar said after the talks, although U.N. chief Antonio Guterres was a little more cautious.
Strong demand for U.S. cargoes underpinned prices. Export sales of U.S. wheat in the week ended July 7 totalled more than 1 million tonnes, U.S. government data showed on Thursday, representing the biggest weekly tally since March 2020 as prices tumbled enough to attract interest from global buyers.
The U.S. Department of Agriculture reported weekly sales of 1,017,156 tonnes of "old crop" wheat, harvested in 2022, and another 30,000 tonnes of "new crop" wheat to be harvested in 2023, for a total of 1,047,156 tonnes. That was the most since the week ended March 19, 2020, when sales of old- and new-crop wheat reached 1,106,398 tonnes.
Consultancy Strategie Grains on Thursday cut all its forecasts for this year's grain crops in the European Union, as it fine-tuned wheat and barley estimates as harvest progresses in the bloc and pointing to dry weather threatening maize fields.
The EU wheat crop was expected at 123.3 million tonnes, down from 124.4 million projected in June and below the revised 129.9 million tonnes harvested last year, it said in a monthly report.
Conditions across most of Argentina's vast farm lands will remain mostly dry over the next week, the Buenos Aires Grains Exchange said on Thursday, just a few hours after its peer in Rosario cut its estimate for the wheat crop by 4.3% due to drought affecting important agricultural provinces.
Commodity funds were net sellers of CBOT soybeans, wheat and soyoil futures contracts and net buyers of CBOT corn and soymeal on Thursday, traders said.
MARKET NEWS
Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession.
By: via Malaysian Palm Oil Council Russia
четверг, 14 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises over 3%, set for second weekly slump on weak export fears
KUALA LUMPUR, July 15 (Reuters) - Malaysian palm oil futures gained more than 3% early on Friday, clawing back gains from the previous session, although the contract is set for a weekly slump on expectations of slow exports as rival Indonesia pushes to increase shipments.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 106 ringgit, or 2.97%, to 3674 ringgit a tonne during early trade.
For the week, the contract has slumped 11.8%, down for a second consecutive week.
FUNDAMENTALS
Indonesia plans to bring in new rules on its palm oil export levy and incentives soon to boost exports and empty storage tanks, an official said, the latest attempt to boost shipments after the ending of an export ban in May.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 fell 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices rose amid uncertainty around how aggressive the U.S. Federal Reserve will be in hiking interest rates to combat rampant inflation, making palm an attractive option for biodiesel feedstock.
Palm oil may test a resistance at 3,782 ringgit per tonne, a break could open the way towards 3,900-3,999 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 15 (Reuters) - Malaysian palm oil futures gained more than 3% early on Friday, clawing back gains from the previous session, although the contract is set for a weekly slump on expectations of slow exports as rival Indonesia pushes to increase shipments.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 106 ringgit, or 2.97%, to 3674 ringgit a tonne during early trade.
For the week, the contract has slumped 11.8%, down for a second consecutive week.
FUNDAMENTALS
Indonesia plans to bring in new rules on its palm oil export levy and incentives soon to boost exports and empty storage tanks, an official said, the latest attempt to boost shipments after the ending of an export ban in May.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 fell 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices rose amid uncertainty around how aggressive the U.S. Federal Reserve will be in hiking interest rates to combat rampant inflation, making palm an attractive option for biodiesel feedstock.
Palm oil may test a resistance at 3,782 ringgit per tonne, a break could open the way towards 3,900-3,999 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn rises for second session on U.S. weather concerns
SINGAPORE, July 14 (Reuters) - Chicago corn futures gained more ground on Thursday with prices underpinned by concerns over yield losses amid forecasts of hot and dry weather in the U.S. Midwest.
Wheat rose for the first time in four sessions, although gains were limited as the market awaited potential resumption in Black Sea shipments from war-torn Ukraine.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.5% at $5.98-1/2 a bushel, as of 0024 GMT, while soybeans Sv1 lost 0.4% to $13.43-1/2 a bushel.
Wheat Wv1 added 0.1% to $8.11-3/4 a bushel.
The corn market is being underpinned by concerns over hot and dry weather as the U.S. crop nears its crucial pollination phase of development.
The wheat market is monitoring negotiations on resuming exports from war-torn Ukraine.
Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at starting Ukraine's Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still "a long way to go" before there would be peace talks to end the war.
Turkish defence minister Hulusi Akar said the deal to be signed next week includes joint controls for checking shipments in harbours and Turkey ensuring the safety of Black Sea export routes. Turkey would also set up a coordination centre with Ukraine, Russia and the United Nations for grain exports.
French soft wheat exports outside the European Union are expected to reach a three-year high in 2022/23 after a strong start to the season, farm office FranceAgriMer said on Wednesday.
In first projections for the season that began this month, the office forecast shipments of 10.3 million tonnes, 17% above a reduced estimate of 8.8 million tonnes for 2021/22 and the highest since 2019/20.
China's June soybean imports fell 23% from a year earlier to 8.25 million tonnes, as high global prices and weak demand curbed appetite for the oilseed, customs data showed on Wednesday.
The sale of Brazil's 2022 soy crop reached 76.7% of the estimated output through July 8, according to a survey released by consultancy Datagro on Wednesday, lagging last year's pace and a five-year historical average.
Commodity funds were net buyers of CBOT corn, soymeal and soybean futures contracts on Wednesday, traders said. The funds were net even in wheat and net sellers of soyoil.
MARKET NEWS
World equities wavered on Wednesday as investors digested a report showing U.S. annual consumer prices jumped 9.1% in June - the largest increase in more than four decades - leaving Americans to dig deeper to pay for gasoline, food, healthcare and rent.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 14 (Reuters) - Chicago corn futures gained more ground on Thursday with prices underpinned by concerns over yield losses amid forecasts of hot and dry weather in the U.S. Midwest.
Wheat rose for the first time in four sessions, although gains were limited as the market awaited potential resumption in Black Sea shipments from war-torn Ukraine.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.5% at $5.98-1/2 a bushel, as of 0024 GMT, while soybeans Sv1 lost 0.4% to $13.43-1/2 a bushel.
Wheat Wv1 added 0.1% to $8.11-3/4 a bushel.
The corn market is being underpinned by concerns over hot and dry weather as the U.S. crop nears its crucial pollination phase of development.
The wheat market is monitoring negotiations on resuming exports from war-torn Ukraine.
Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at starting Ukraine's Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still "a long way to go" before there would be peace talks to end the war.
Turkish defence minister Hulusi Akar said the deal to be signed next week includes joint controls for checking shipments in harbours and Turkey ensuring the safety of Black Sea export routes. Turkey would also set up a coordination centre with Ukraine, Russia and the United Nations for grain exports.
French soft wheat exports outside the European Union are expected to reach a three-year high in 2022/23 after a strong start to the season, farm office FranceAgriMer said on Wednesday.
In first projections for the season that began this month, the office forecast shipments of 10.3 million tonnes, 17% above a reduced estimate of 8.8 million tonnes for 2021/22 and the highest since 2019/20.
China's June soybean imports fell 23% from a year earlier to 8.25 million tonnes, as high global prices and weak demand curbed appetite for the oilseed, customs data showed on Wednesday.
The sale of Brazil's 2022 soy crop reached 76.7% of the estimated output through July 8, according to a survey released by consultancy Datagro on Wednesday, lagging last year's pace and a five-year historical average.
Commodity funds were net buyers of CBOT corn, soymeal and soybean futures contracts on Wednesday, traders said. The funds were net even in wheat and net sellers of soyoil.
MARKET NEWS
World equities wavered on Wednesday as investors digested a report showing U.S. annual consumer prices jumped 9.1% in June - the largest increase in more than four decades - leaving Americans to dig deeper to pay for gasoline, food, healthcare and rent.
By: via Malaysian Palm Oil Council Russia
среда, 13 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm futures rebound to gain 4% amid labour shortage
KUALA LUMPUR, July 14 (Reuters) - Malaysian palm oil futures rose nearly 4% early Thursday, rebounding from steep losses in the previous session, with production woes supporting sentiment after Indonesia stopped sending its workers to labour-starved estates in Malaysia.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange was up 133 ringgit, or 3.54%, at 3,894 ringgit ($877.03) a tonne, as of 0303 GMT.
Palm fell 8.6% in the previous session to a one-year closing low on expectations of weak July exports.
FUNDAMENTALS
Indonesia said on Wednesday it has temporarily stopped sending its citizens to work in Malaysia, including thousands recruited for the plantation sector, citing a breach in a worker recruitment deal signed between the two countries.
The plantation sector will be the worst affected by the freeze order as it is more reliant on Indonesian workers for harvesting activities in the estates — critical for the upcoming peak production months, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
"The delay could lead to palm oil production for second half of 2022 falling below the level from a year ago," she added.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 3,592 ringgit per tonne, a break below could open the way towards 3,284 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares struggled on Thursday and the safe-haven dollar was strong as white-hot U.S. inflation data drove fears the Federal Reserve will raise interest rates even more aggressively to slow price increases, potentially sending the economy into recession.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 14 (Reuters) - Malaysian palm oil futures rose nearly 4% early Thursday, rebounding from steep losses in the previous session, with production woes supporting sentiment after Indonesia stopped sending its workers to labour-starved estates in Malaysia.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange was up 133 ringgit, or 3.54%, at 3,894 ringgit ($877.03) a tonne, as of 0303 GMT.
Palm fell 8.6% in the previous session to a one-year closing low on expectations of weak July exports.
FUNDAMENTALS
Indonesia said on Wednesday it has temporarily stopped sending its citizens to work in Malaysia, including thousands recruited for the plantation sector, citing a breach in a worker recruitment deal signed between the two countries.
The plantation sector will be the worst affected by the freeze order as it is more reliant on Indonesian workers for harvesting activities in the estates — critical for the upcoming peak production months, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
"The delay could lead to palm oil production for second half of 2022 falling below the level from a year ago," she added.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 1%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 3,592 ringgit per tonne, a break below could open the way towards 3,284 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares struggled on Thursday and the safe-haven dollar was strong as white-hot U.S. inflation data drove fears the Federal Reserve will raise interest rates even more aggressively to slow price increases, potentially sending the economy into recession.
By: via Malaysian Palm Oil Council Russia
вторник, 12 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans, corn extend losses to one-week lows; wheat eases
SINGAPORE, July 13 (Reuters) - Chicago soybean and corn futures slid for a second session on Wednesday to a one-week low, as a U.S. government forecast of lower demand and higher production weighed on prices.
Wheat lost more ground on hopes of resumption in exports from war-torn Ukraine.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade Sv1 (CBOT) fell 1.3% to $13.25 a bushel, as of 0022 GMT and corn Cv1 lost 1.2% to 5.79-1/4 a bushel. Both markets hit the lowest since July 6.
Wheat Wv1 slid 0.3% to $8.12 a bushel.
Demand for U.S. soybeans is falling as bumper crops in South America eat into U.S. export prospects, the U.S. government said on Tuesday.
The U.S. Department of Agriculture (USDA) lowered its outlook for soybean exports by 65 million bushels and its outlook for domestic crush by 10 million bushels in its monthly World Agricultural Supply and Demand Estimates report.
The agency also raised its forecast for domestic corn production after factoring in the June acreage outlook that showed farmers were able to seed more of the grain they had planned in the spring despite rainy weather that delayed plantings.
Corn production was pegged at 14.505 billion bushels, 45 million bushels higher than USDA's previous outlook.
An outlook for higher wheat output in Russia and expectations of Ukrainian supplies entering the market weighed on prices.
Farmers in Russia's southern Rostov region, one of the largest grain producing and exporting areas of the country, are seeing high wheat yields as harvesting gets underway, growers and officials in the region said.
Sanctions-hit Russia, the world's largest wheat exporter, is expected to produce a massive crop in 2022 with record amounts available to supply abroad in the July-June marketing season.
Talks between Ukraine, Russia, Turkey and the United Nations over Ukraine's war-disrupted grain exports eased some of the supply concerns.
Commodity funds were net sellers of CBOT corn, wheat, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKET NEWS
World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 13 (Reuters) - Chicago soybean and corn futures slid for a second session on Wednesday to a one-week low, as a U.S. government forecast of lower demand and higher production weighed on prices.
Wheat lost more ground on hopes of resumption in exports from war-torn Ukraine.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade Sv1 (CBOT) fell 1.3% to $13.25 a bushel, as of 0022 GMT and corn Cv1 lost 1.2% to 5.79-1/4 a bushel. Both markets hit the lowest since July 6.
Wheat Wv1 slid 0.3% to $8.12 a bushel.
Demand for U.S. soybeans is falling as bumper crops in South America eat into U.S. export prospects, the U.S. government said on Tuesday.
The U.S. Department of Agriculture (USDA) lowered its outlook for soybean exports by 65 million bushels and its outlook for domestic crush by 10 million bushels in its monthly World Agricultural Supply and Demand Estimates report.
The agency also raised its forecast for domestic corn production after factoring in the June acreage outlook that showed farmers were able to seed more of the grain they had planned in the spring despite rainy weather that delayed plantings.
Corn production was pegged at 14.505 billion bushels, 45 million bushels higher than USDA's previous outlook.
An outlook for higher wheat output in Russia and expectations of Ukrainian supplies entering the market weighed on prices.
Farmers in Russia's southern Rostov region, one of the largest grain producing and exporting areas of the country, are seeing high wheat yields as harvesting gets underway, growers and officials in the region said.
Sanctions-hit Russia, the world's largest wheat exporter, is expected to produce a massive crop in 2022 with record amounts available to supply abroad in the July-June marketing season.
Talks between Ukraine, Russia, Turkey and the United Nations over Ukraine's war-disrupted grain exports eased some of the supply concerns.
Commodity funds were net sellers of CBOT corn, wheat, soybean, soymeal and soyoil futures contracts on Tuesday, traders said.
MARKET NEWS
World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil tracks weak Dalian oils, exports to drop 4%
KUALA LUMPUR, July 13 (Reuters) - Malaysian palm oil futures dropped more than 4% on Wednesday, down for a second consecutive session, dragged by a plunge in rival Dalian oils and further weighed down by weak July exports.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 171 ringgit, or 4.15%, to 3,945 ringgit ($890.32) a tonne in early trade.
FUNDAMENTALS
Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.
Exports from the world's second-largest producer during July 1-10 fell between 15% and 21% from a month-ago period, cargo surveyors said.
Dalian's most-active soyoil contract DBYcv1 fell 5.3%, while its palm oil contract DCPcv1 plunged 6.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may stabilize around a support at 3,900 ringgit per tonne, and test a resistance at 4,090 ringgit thereafter, Reuters technical analyst Wang Tao said.
MARKET NEWS
World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 13 (Reuters) - Malaysian palm oil futures dropped more than 4% on Wednesday, down for a second consecutive session, dragged by a plunge in rival Dalian oils and further weighed down by weak July exports.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 171 ringgit, or 4.15%, to 3,945 ringgit ($890.32) a tonne in early trade.
FUNDAMENTALS
Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.
Exports from the world's second-largest producer during July 1-10 fell between 15% and 21% from a month-ago period, cargo surveyors said.
Dalian's most-active soyoil contract DBYcv1 fell 5.3%, while its palm oil contract DCPcv1 plunged 6.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may stabilize around a support at 3,900 ringgit per tonne, and test a resistance at 4,090 ringgit thereafter, Reuters technical analyst Wang Tao said.
MARKET NEWS
World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.
By: via Malaysian Palm Oil Council Russia
понедельник, 11 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Healthy and Functional Palm-based Cheese Analogue
https://mpoc.org.my/healthy-and-functional-palm-based-cheese-analogue/
Healthy and Functional Palm-Based Cheese Analogue What is cheese analogue? – A milk cheese alternative that is identical to natural cheese in composition, appearance, features, and even use. What is the difference between natural cheese and cheese analogue? – Unlike the usual cheeses, cheese analogues are partially or 100% made from vegetable proteins, fats and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/healthy-and-functional-palm-based-cheese-analogue/
Healthy and Functional Palm-Based Cheese Analogue What is cheese analogue? – A milk cheese alternative that is identical to natural cheese in composition, appearance, features, and even use. What is the difference between natural cheese and cheese analogue? – Unlike the usual cheeses, cheese analogues are partially or 100% made from vegetable proteins, fats and […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn, soybeans gain more ground ahead of U.S. reports
SINGAPORE, July 12 (Reuters) - Chicago corn and soybean prices rose for a fifth consecutive session on Tuesday on concerns over U.S. weather and positioning ahead of monthly U.S. government's supply-and-demand reports.
Wheat prices eased.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 rose 0.2% to $6.30 a bushel, as of 0019 GMT, and soybeans Sv1 added 0.3% to $14.09-1/2 a bushel.
Wheat Wv1 lost 0.6% to %8.51-1/2 a bushel.
The corn crop is entering its critical pollination stage of development, so the market is particularly sensitive to forecasts indicating stressful heat and dryness. Soybeans face a greater risk from such weather in August.
In its weekly crop progress and conditions report, the U.S. Department of Agriculture (USDA) said that 64% of the U.S. corn crop was rated good to excellent, unchanged from a week ago. That was 1 percentage point lower than what analysts were expecting.
Good-to-excellent ratings for soybeans were pegged at 62%, the USDA said. That was down 1 percentage point from a week ago and 2 percentage points below market expectations.
Grain markets had rebounded last week in a technical bounce from multi-month lows and speculation that lower prices could spark import purchases by China or other global buyers.
The market is looking ahead to Tuesday's monthly USDA crop reports, which are expected to show a slight increase is the agency's corn crop outlook, along with a small drop in soybean production.
In Russia, wheat exports are expected to remain muted in July despite lower export tax, a massive crop and a weakening rouble as problems with logistics and trade finance caused by Western sanctions persist.
The world's largest wheat exporter is expected to have record amounts of the crop available to supply abroad in the July-June marketing season, and reduced grain export taxes sharply on July 1 to support shipments.
The IKAR agriculture consultancy said on Monday that it downgraded its forecast for Russia's July wheat exports to 1.7-2.0 million tonnes from the previously expected 2.0-2.3 million tonnes.
Commodity funds were net buyers of CBOT corn, soybean and soyoil futures contracts on Monday and net sellers of wheat and soymeal, traders said.
MARKET NEWS
World equities and U.S. bond yields fell on Monday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially influencing the Federal Reserve's path ahead for interest-rate increases.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 12 (Reuters) - Chicago corn and soybean prices rose for a fifth consecutive session on Tuesday on concerns over U.S. weather and positioning ahead of monthly U.S. government's supply-and-demand reports.
Wheat prices eased.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 rose 0.2% to $6.30 a bushel, as of 0019 GMT, and soybeans Sv1 added 0.3% to $14.09-1/2 a bushel.
Wheat Wv1 lost 0.6% to %8.51-1/2 a bushel.
The corn crop is entering its critical pollination stage of development, so the market is particularly sensitive to forecasts indicating stressful heat and dryness. Soybeans face a greater risk from such weather in August.
In its weekly crop progress and conditions report, the U.S. Department of Agriculture (USDA) said that 64% of the U.S. corn crop was rated good to excellent, unchanged from a week ago. That was 1 percentage point lower than what analysts were expecting.
Good-to-excellent ratings for soybeans were pegged at 62%, the USDA said. That was down 1 percentage point from a week ago and 2 percentage points below market expectations.
Grain markets had rebounded last week in a technical bounce from multi-month lows and speculation that lower prices could spark import purchases by China or other global buyers.
The market is looking ahead to Tuesday's monthly USDA crop reports, which are expected to show a slight increase is the agency's corn crop outlook, along with a small drop in soybean production.
In Russia, wheat exports are expected to remain muted in July despite lower export tax, a massive crop and a weakening rouble as problems with logistics and trade finance caused by Western sanctions persist.
The world's largest wheat exporter is expected to have record amounts of the crop available to supply abroad in the July-June marketing season, and reduced grain export taxes sharply on July 1 to support shipments.
The IKAR agriculture consultancy said on Monday that it downgraded its forecast for Russia's July wheat exports to 1.7-2.0 million tonnes from the previously expected 2.0-2.3 million tonnes.
Commodity funds were net buyers of CBOT corn, soybean and soyoil futures contracts on Monday and net sellers of wheat and soymeal, traders said.
MARKET NEWS
World equities and U.S. bond yields fell on Monday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially influencing the Federal Reserve's path ahead for interest-rate increases.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises for third day on Indonesia's biodiesel mandate
KUALA LUMPUR, July 12 (Reuters) - Malaysian palm oil futures rose for a third straight session on Tuesday, supported by top producer Indonesia's plan to raise its biodiesel mandate.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 70 ringgit, or 1.68%, to 4,227 ringgit ($952.89) a tonne during early trade. The market reopened after a long weekend on Tuesday.
FUNDAMENTALS
Indonesia plans to increase the content of palm oil-based fuel in its biodiesel to 35%, known as B35, from 30%, starting July 20, senior energy ministry official Dadan Kusdiana said last week.
Exports of Malaysian palm oil products for July 1-10 fell 20.5% to 330,310 tonnes from 415,348 tonnes shipped during June 1-10, cargo surveyor Intertek Testing Services said on Sunday.
Investors are awaiting the Malaysian Palm Oil Board's June supply and demand data due later in the day. A Reuters poll has pegged inventories could hit a seven-month high due to a plunge in exports.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 0.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 4,090-4,267 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares fell, weighed down by the prospect of further monetary policy tightening by central banks, China's COVID-19 outbreak and Europe's energy shortage, which also left the euro a whisker from parity with the safe haven dollar.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 12 (Reuters) - Malaysian palm oil futures rose for a third straight session on Tuesday, supported by top producer Indonesia's plan to raise its biodiesel mandate.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 70 ringgit, or 1.68%, to 4,227 ringgit ($952.89) a tonne during early trade. The market reopened after a long weekend on Tuesday.
FUNDAMENTALS
Indonesia plans to increase the content of palm oil-based fuel in its biodiesel to 35%, known as B35, from 30%, starting July 20, senior energy ministry official Dadan Kusdiana said last week.
Exports of Malaysian palm oil products for July 1-10 fell 20.5% to 330,310 tonnes from 415,348 tonnes shipped during June 1-10, cargo surveyor Intertek Testing Services said on Sunday.
Investors are awaiting the Malaysian Palm Oil Board's June supply and demand data due later in the day. A Reuters poll has pegged inventories could hit a seven-month high due to a plunge in exports.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 0.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 4,090-4,267 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares fell, weighed down by the prospect of further monetary policy tightening by central banks, China's COVID-19 outbreak and Europe's energy shortage, which also left the euro a whisker from parity with the safe haven dollar.
By: via Malaysian Palm Oil Council Russia
четверг, 7 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Market Forum 2022 : Exploring Opportunities with MPOC
https://mpoc.org.my/market-forum-2022-exploring-opportunities-with-mpoc/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/market-forum-2022-exploring-opportunities-with-mpoc/
Click Here To Register
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat jumps over 2% as market recovers from near 5-month low
SINGAPORE, July 7 (Reuters) - Chicago wheat futures rose more than 2% on Thursday, with prices climbing for the first time in six sessions, supported by bargain-buying and concerns over lower Black Sea supplies.
Corn and soybeans gained more than 1%.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 2.3% to $8.23 a bushel, as of 0039 GMT, after dropping to its lowest since Feb. 17 at $7.85 a bushel on Wednesday.
Corn Cv1 rose 1.5% to $5.93-1/4 a bushel and soybeans Sv1 gained 1.3% at $13.40-1/2 a bushel.
French consultancy Agritel expects war-hit Ukraine to harvest 21.8 million tonnes of wheat this summer compared to a record 32.2 million collected last year, it said on Wednesday.
The estimate for the 2022/23 season was based on an expected harvested area of 5.8 million hectares, down from 6.7 million hectares initially sown by farmers, said Agritel, which is part of commodity pricing group Argus.
For corn and soybeans, traders are also keeping an eye on U.S. crop weather. The U.S. Department of Agriculture, in a daily weather report, said rain showers and thunderstorms from Nebraska to Ohio were greatly benefiting fields.
The agency, in a separate weekly report issued on Tuesday, rated 64% of the corn crop as good to excellent as of Sunday, down 3 percentage points from the previous week. Analysts surveyed by Reuters on average had expected a two-point decline.
Commodity funds were net sellers of CBOT wheat and soyoil futures contracts on Wednesday, and net buyers of corn, soybeans and soymeal futures, traders said.
MARKET NEWS
Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, July 7 (Reuters) - Chicago wheat futures rose more than 2% on Thursday, with prices climbing for the first time in six sessions, supported by bargain-buying and concerns over lower Black Sea supplies.
Corn and soybeans gained more than 1%.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 added 2.3% to $8.23 a bushel, as of 0039 GMT, after dropping to its lowest since Feb. 17 at $7.85 a bushel on Wednesday.
Corn Cv1 rose 1.5% to $5.93-1/4 a bushel and soybeans Sv1 gained 1.3% at $13.40-1/2 a bushel.
French consultancy Agritel expects war-hit Ukraine to harvest 21.8 million tonnes of wheat this summer compared to a record 32.2 million collected last year, it said on Wednesday.
The estimate for the 2022/23 season was based on an expected harvested area of 5.8 million hectares, down from 6.7 million hectares initially sown by farmers, said Agritel, which is part of commodity pricing group Argus.
For corn and soybeans, traders are also keeping an eye on U.S. crop weather. The U.S. Department of Agriculture, in a daily weather report, said rain showers and thunderstorms from Nebraska to Ohio were greatly benefiting fields.
The agency, in a separate weekly report issued on Tuesday, rated 64% of the corn crop as good to excellent as of Sunday, down 3 percentage points from the previous week. Analysts surveyed by Reuters on average had expected a two-point decline.
Commodity funds were net sellers of CBOT wheat and soyoil futures contracts on Wednesday, and net buyers of corn, soybeans and soymeal futures, traders said.
MARKET NEWS
Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting.
By: via Malaysian Palm Oil Council Russia
среда, 6 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil drops for fifth day on recession risks
KUALA LUMPUR, July 7 (Reuters) - Malaysian palm oil futures extended losses for a fifth session on Thursday, as persistent concerns over a global recession hammered the market.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.58%, to 3,991 ringgit ($902.12) a tonne during early trade.
It declined 3.9% overnight, also weighed by demand concerns as rival and top producer Indonesia, which is facing soaring inventories, raised its export volumes.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 slumped 2.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Brent crude futures extended declines for a third session on Thursday, slipping under $100 a barrel, as fears of a potential global recession spurred concerns about oil demand.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may retest a support at 3,782 ringgit per tonne, a break below could open the way towards 3,592 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Wall Street ticked upward while oil continued to slide on Wednesday, as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, July 7 (Reuters) - Malaysian palm oil futures extended losses for a fifth session on Thursday, as persistent concerns over a global recession hammered the market.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.58%, to 3,991 ringgit ($902.12) a tonne during early trade.
It declined 3.9% overnight, also weighed by demand concerns as rival and top producer Indonesia, which is facing soaring inventories, raised its export volumes.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 slumped 2.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Brent crude futures extended declines for a third session on Thursday, slipping under $100 a barrel, as fears of a potential global recession spurred concerns about oil demand.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Palm oil may retest a support at 3,782 ringgit per tonne, a break below could open the way towards 3,592 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Wall Street ticked upward while oil continued to slide on Wednesday, as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Пошлину на экспорт подсолнечного масла и шрота из РФ могут продлить на год
Пошлина на экспорт подсолнечного масла и подсолнечного шрота из РФ может быть продлена на год, до 31 августа 2023 года.
Базовой ценой для расчета пошлин на подсолнечное масло может стать 82 500 рублей за тонну, на шрот – 13 875 рублей за тонну.
Для перевода в рубли в формулу расчета пошлин вводится такой показатель, как "среднеарифметический курс доллара США по отношению к валюте Российской Федерации, устанавливаемый Центральным банком Российской Федерации за 5 рабочих дней, предшествующих дате расчета ставки вывозной таможенной пошлины на зерновые культуры".
В настоящее время размер пошлины на подсолнечное масло составляет 70% от разницы между базовой ценой ($1 тыс. за тонну) и индикативной ценой (среднее арифметическое рыночных цен за месяц), уменьшенной на величину корректирующего коэффициента ($50 за 1 тонну).
Экспортная пошлина на подсолнечный шрот рассчитывается по формуле как разница между индикативной ценой (среднее арифметическое рыночных цен за месяц) и базовой ценой ($185 за тонну), умноженная на величину корректирующего коэффициента (0,7).
By: via Malaysian Palm Oil Council Russia
Пошлина на экспорт подсолнечного масла и подсолнечного шрота из РФ может быть продлена на год, до 31 августа 2023 года.
Базовой ценой для расчета пошлин на подсолнечное масло может стать 82 500 рублей за тонну, на шрот – 13 875 рублей за тонну.
Для перевода в рубли в формулу расчета пошлин вводится такой показатель, как "среднеарифметический курс доллара США по отношению к валюте Российской Федерации, устанавливаемый Центральным банком Российской Федерации за 5 рабочих дней, предшествующих дате расчета ставки вывозной таможенной пошлины на зерновые культуры".
В настоящее время размер пошлины на подсолнечное масло составляет 70% от разницы между базовой ценой ($1 тыс. за тонну) и индикативной ценой (среднее арифметическое рыночных цен за месяц), уменьшенной на величину корректирующего коэффициента ($50 за 1 тонну).
Экспортная пошлина на подсолнечный шрот рассчитывается по формуле как разница между индикативной ценой (среднее арифметическое рыночных цен за месяц) и базовой ценой ($185 за тонну), умноженная на величину корректирующего коэффициента (0,7).
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Bunge ищет покупателя на российский бизнес
Американская Bunge собирается сократить присутствие в России, продав компанию "Бунге СНГ", которой, в частности, принадлежит один из крупных маслоэкстракционных заводов РФ.
Маслоэкстракционный завод в Воронежской области Bunge ввела в 2008 году. Инвестиции в него превысили $130 млн. Мощности предприятия рассчитаны на переработку 540 тыс. тонн сырья и производство более 200 млн бутылок подсолнечного масла в год. В портфеле ООО "Бунге СНГ" торговые марки "Олейна", Ideal, "Масленица" и др.
By: via Malaysian Palm Oil Council Russia
Американская Bunge собирается сократить присутствие в России, продав компанию "Бунге СНГ", которой, в частности, принадлежит один из крупных маслоэкстракционных заводов РФ.
Маслоэкстракционный завод в Воронежской области Bunge ввела в 2008 году. Инвестиции в него превысили $130 млн. Мощности предприятия рассчитаны на переработку 540 тыс. тонн сырья и производство более 200 млн бутылок подсолнечного масла в год. В портфеле ООО "Бунге СНГ" торговые марки "Олейна", Ideal, "Масленица" и др.
By: via Malaysian Palm Oil Council Russia
вторник, 5 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
*Prices Plummet, Indonesian Farmers Sell Palm Oil to Malaysia*
CNN New Zealand
Monday, 04 Jul 2022 08:24 WIB
Indonesian oil palm farmers are busy selling fresh fruit bunches (FFB) to Malaysia. This was triggered by the plummeting price of these commodities in the country.
Jakarta, CNN Indonesia --
Indonesian palm oil farmers are busy selling fresh fruit bunches (FFB) to Malaysia. This was triggered by the plummeting price of these commodities in the country.
The incident is known from a video uploaded by @majeliskopi08 Instagram account on Saturday (2/7). In the video, several trucks carrying palm oil are seen stopped on a road.
"We want to bring fruit to Malaysia, we bring today 30 tons, because the price of fruit in Indonesia is like in his words Indra Kenz 'Wow, it's really cheap'," said a man in the video.
Meanwhile, confirmed separately, the Chairman of the Indonesian Palm Oil Farmers Association (Apkasindo) Gulat Manurung confirmed the sell-off. He said the farmers did sell FFB to Malaysia because of the higher price.
The sale is carried out by oil palm farmers in provinces bordering neighboring countries, such as North Kalimantan and Central Kalimantan.
"Indeed, in terms of regulation, it is not justified. But I don't know how else. Many mills (palm oil mills) have rejected smallholders' FFB, and many have even closed. Meanwhile, oil palm farmers must continue their lives and pay for their families," he told CNNIndonesia.com, Monday (4/7).
Wrestling said the significant price difference was one of the reasons. In Malaysia, the price of FFB is still in the range of Rp3,500 to Rp4,500 per kg.
Meanwhile, the price of FFB in North Kalimantan and Central Kalimantan is only around Rp1,200 to Rp1,600 per kg.
Wrestling said under these conditions all parties are harmed, whether farmers, the state, corporations. Therefore, he reminded the government to find out the cause of the fall in domestic FFB prices.
"The state should not just appeal, but fix which is the main cause. It's all a race against time, before it's too late," he said.
By: via Malaysian Palm Oil Council Russia
CNN New Zealand
Monday, 04 Jul 2022 08:24 WIB
Indonesian oil palm farmers are busy selling fresh fruit bunches (FFB) to Malaysia. This was triggered by the plummeting price of these commodities in the country.
Jakarta, CNN Indonesia --
Indonesian palm oil farmers are busy selling fresh fruit bunches (FFB) to Malaysia. This was triggered by the plummeting price of these commodities in the country.
The incident is known from a video uploaded by @majeliskopi08 Instagram account on Saturday (2/7). In the video, several trucks carrying palm oil are seen stopped on a road.
"We want to bring fruit to Malaysia, we bring today 30 tons, because the price of fruit in Indonesia is like in his words Indra Kenz 'Wow, it's really cheap'," said a man in the video.
Meanwhile, confirmed separately, the Chairman of the Indonesian Palm Oil Farmers Association (Apkasindo) Gulat Manurung confirmed the sell-off. He said the farmers did sell FFB to Malaysia because of the higher price.
The sale is carried out by oil palm farmers in provinces bordering neighboring countries, such as North Kalimantan and Central Kalimantan.
"Indeed, in terms of regulation, it is not justified. But I don't know how else. Many mills (palm oil mills) have rejected smallholders' FFB, and many have even closed. Meanwhile, oil palm farmers must continue their lives and pay for their families," he told CNNIndonesia.com, Monday (4/7).
Wrestling said the significant price difference was one of the reasons. In Malaysia, the price of FFB is still in the range of Rp3,500 to Rp4,500 per kg.
Meanwhile, the price of FFB in North Kalimantan and Central Kalimantan is only around Rp1,200 to Rp1,600 per kg.
Wrestling said under these conditions all parties are harmed, whether farmers, the state, corporations. Therefore, he reminded the government to find out the cause of the fall in domestic FFB prices.
"The state should not just appeal, but fix which is the main cause. It's all a race against time, before it's too late," he said.
By: via Malaysian Palm Oil Council Russia
понедельник, 4 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Trade Facilitation through the Establishment of Storage and Warehousing Facility in the Selected African Markets.
https://mpoc.org.my/trade-facilitation-through-the-establishment-of-storage-and-warehousing-facility-in-the-selected-african-markets/
Egypt, Djibouti, Ethiopia, Somalia, Sudan and South Sudan are among the major markets in Africa, particularly the East Africa. These six countries have a combined population of about 290 million or 21% of the total Africa population of 1,373 million people (2021 est). This area has a very rapid population growth of 3% per annum. […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/trade-facilitation-through-the-establishment-of-storage-and-warehousing-facility-in-the-selected-african-markets/
Egypt, Djibouti, Ethiopia, Somalia, Sudan and South Sudan are among the major markets in Africa, particularly the East Africa. These six countries have a combined population of about 290 million or 21% of the total Africa population of 1,373 million people (2021 est). This area has a very rapid population growth of 3% per annum. […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil drops for third day on concern of larger Indonesian exports
JAKARTA, July 5 (Reuters) - Malaysian palm oil futures fell on Tuesday for a third straight session on concerns that Indonesia's plan to increase export quota would hurt demand.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 1.13% to 4,301 ringgit ($973.96) per tonne during early trade. It extended a 7.6% loses posted on Monday.
FUNDAMENTALS
Indonesia proposed raising palm oil export quotas and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said.
Meanwhile, Dalian's most-active soyoil contract DBYv1 fell 2.76%, while its palm oil contract DCPv1 slipped 2.56%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries.
Stronger crude futures make palm a more attractive option for biodiesel feedstock.
Palm oil may retest a support at 4,267 ringgit per tonne, a break below which could open the way towards 3,900-4,090 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Tuesday morning as Japan reported positive economic data, while oil prices continued its Monday increase on tight supply.
By: via Malaysian Palm Oil Council Russia
JAKARTA, July 5 (Reuters) - Malaysian palm oil futures fell on Tuesday for a third straight session on concerns that Indonesia's plan to increase export quota would hurt demand.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 1.13% to 4,301 ringgit ($973.96) per tonne during early trade. It extended a 7.6% loses posted on Monday.
FUNDAMENTALS
Indonesia proposed raising palm oil export quotas and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said.
Meanwhile, Dalian's most-active soyoil contract DBYv1 fell 2.76%, while its palm oil contract DCPv1 slipped 2.56%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries.
Stronger crude futures make palm a more attractive option for biodiesel feedstock.
Palm oil may retest a support at 4,267 ringgit per tonne, a break below which could open the way towards 3,900-4,090 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Tuesday morning as Japan reported positive economic data, while oil prices continued its Monday increase on tight supply.
By: via Malaysian Palm Oil Council Russia
воскресенье, 3 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil extends losses as Indonesia mulls raising export quota
JAKARTA, July 4 (Reuters) - Malaysian palm oil futures fell for a second day on Monday after top palm oil producer Indonesia said it is considering a larger export quota to reduce high domestic inventories, while weaker rival oils also weighed on prices.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 2.1% to 4,611 ringgit ($1,046.05) per tonne during early trade.
The contract dropped 4% on Friday.
FUNDAMENTALS
Indonesia proposed raising palm oil export quotas and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said on Saturday.
Meanwhile, Dalian's most-active soyoil contract DBYv1 fell 1.97%, while its palm oil contract DCPv1 slipped 2.24%.
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 in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may stabilize around a support at 4,588 ringgit per tonne, and test a resistance at 4,742 ringgit thereafter, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets started cautiously on Monday as a run of soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.
By: via Malaysian Palm Oil Council Russia
JAKARTA, July 4 (Reuters) - Malaysian palm oil futures fell for a second day on Monday after top palm oil producer Indonesia said it is considering a larger export quota to reduce high domestic inventories, while weaker rival oils also weighed on prices.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 2.1% to 4,611 ringgit ($1,046.05) per tonne during early trade.
The contract dropped 4% on Friday.
FUNDAMENTALS
Indonesia proposed raising palm oil export quotas and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said on Saturday.
Meanwhile, Dalian's most-active soyoil contract DBYv1 fell 1.97%, while its palm oil contract DCPv1 slipped 2.24%.
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 in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.
Weaker crude futures make palm a less attractive option for biodiesel feedstock.
Palm oil may stabilize around a support at 4,588 ringgit per tonne, and test a resistance at 4,742 ringgit thereafter, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets started cautiously on Monday as a run of soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.
By: via Malaysian Palm Oil Council Russia
суббота, 2 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
Правительство перевело в рубли пошлины на экспорт зерна, подсолнечного масла и шрота
Для перевода в рубли вводится среднеарифметический курс доллара к рублю за пять дней
Правительство приняло постановление о переводе в рубли пошлин на экспорт зерна, подсолнечного масла и шрота из России. Документ также предусматривает продление на год, до 31 августа 2023 года, пошлины на экспорт подсолнечного масла и подсолнечного шрота.
By: via Malaysian Palm Oil Council Russia
Для перевода в рубли вводится среднеарифметический курс доллара к рублю за пять дней
Правительство приняло постановление о переводе в рубли пошлин на экспорт зерна, подсолнечного масла и шрота из России. Документ также предусматривает продление на год, до 31 августа 2023 года, пошлины на экспорт подсолнечного масла и подсолнечного шрота.
By: via Malaysian Palm Oil Council Russia
пятница, 1 июля 2022 г.
Malaysian Palm Oil Council Russia's Post
EXPLAINER: WHY INDONESIA’S LEADER IS VISITING KYIV, MOSCOW
Indonesian President Joko Widodo, whose country holds the rotating presidency of the Group of 20 leading rich and developing nations, is visiting Ukraine and Russia for meetings with the leaders of the two warring nations after attending the Group of Seven summit in Germany.
By: via Malaysian Palm Oil Council Russia
Indonesian President Joko Widodo, whose country holds the rotating presidency of the Group of 20 leading rich and developing nations, is visiting Ukraine and Russia for meetings with the leaders of the two warring nations after attending the Group of Seven summit in Germany.
By: via Malaysian Palm Oil Council Russia
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