Большой передел
«Зерно лучше сжечь, чем продать!» – такие настроения звучат сейчас на аграрных ресурсах в интернете. Фермеры полагают, что их специально разоряют, чтобы земля досталась агрохолдингам.
Новая знаковая сделка на аграрном рынке: аффилированная с подконтрольным Александру Ткачевым «Агрокомлексом» структура выкупила всю землю у тоже весьма немаленького холдинга «Юг Руси».
Что происходит?
Сейчас российскую пшеницу в черноморских портах более или менее активно закупает только Турция. Но, пользуясь изоляцией России, турки дают не более 330–340 долларов за пшеницу третьего класса (это самый недорогой и массовый сорт продовольственной пшеницы). Из этой цены 30 долларов уходит на перевозку из южных регионов (Ростов, Краснодар, Волгоград, Ставрополь, везти дальше явно нерентабельно); 10 долларов берут владельцы зерновых терминалов за перевалку зерна, ещё 10 уходит зернотрейдеру, у которого есть квота Минсельхоза на экспорт зерна (мелкому и даже среднему фермеру получить такую квоту почти нереально, особенно если раньше он сам экспортом напрямую не занимался). 140 долларов составляет экспортная пошлина, которую взимает государство. В итоге фермеру в пересчёте на рубли остаётся около 9 тыс., что как раз равно себестоимости выращивания пшеницы. Получается, что в ноль по итогам суперурожайного года может выйти только то хозяйство, которое не имеет кредитов. Есть кредиты – готовься к банкротству. Или соглашайся на продажу земли.
By: via Malaysian Palm Oil Council Russia
четверг, 29 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set for fifth monthly drop amid oversupply concerns
JAKARTA, Sept 30 (Reuters) - Malaysian palm oil futures rose for a second session on Friday, tracking related edible oils and ahead of September export data from cargo surveyors, although the market was set for a fifth monthly drop on concerns about oversupply and weakening demand.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 1.86% to 3,404 ringgit ($734.10) per tonne in early trade. It has lost about 9% so far this week.
Palm prices have declined about 18% so far this month, heading for their biggest monthly drop since June.
FUNDAMENTALS
Dalian's palm oil contract DCPv1 gained 1.68%, while its most active soy oil contract was little changed. Soyoil prices on the Chicago Board of Trade BOc2 ticked 0.17% lower.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Traders are waiting for September export data from cargo surveyors. Exports of Malaysian palm oil products for Sept. 1-25 rose between 18.6% and 20.9% from a month ago, cargo surveyors said.
Palm oil may break a resistance at 3,360 ringgit per tonne and rise into 3,427-3,477 ringgit range, as it failed twice to break a support at 3,243 ringgit, Reuters technical analyst Wang Tao said.
Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, a senior official said, which would place export tax for palm oil at $33 per tonne for the period.
MARKET NEWS
Oil prices were little changed in early trade but headed for their first weekly gain in five, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5.
Asian shares were headed for the worst month since the onset of the COVID-19 pandemic, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about global recession and rising geopolitical risk.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 30 (Reuters) - Malaysian palm oil futures rose for a second session on Friday, tracking related edible oils and ahead of September export data from cargo surveyors, although the market was set for a fifth monthly drop on concerns about oversupply and weakening demand.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 1.86% to 3,404 ringgit ($734.10) per tonne in early trade. It has lost about 9% so far this week.
Palm prices have declined about 18% so far this month, heading for their biggest monthly drop since June.
FUNDAMENTALS
Dalian's palm oil contract DCPv1 gained 1.68%, while its most active soy oil contract was little changed. Soyoil prices on the Chicago Board of Trade BOc2 ticked 0.17% lower.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Traders are waiting for September export data from cargo surveyors. Exports of Malaysian palm oil products for Sept. 1-25 rose between 18.6% and 20.9% from a month ago, cargo surveyors said.
Palm oil may break a resistance at 3,360 ringgit per tonne and rise into 3,427-3,477 ringgit range, as it failed twice to break a support at 3,243 ringgit, Reuters technical analyst Wang Tao said.
Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, a senior official said, which would place export tax for palm oil at $33 per tonne for the period.
MARKET NEWS
Oil prices were little changed in early trade but headed for their first weekly gain in five, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5.
Asian shares were headed for the worst month since the onset of the COVID-19 pandemic, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about global recession and rising geopolitical risk.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm recovers after five days on stronger soyoil, export data optimism
https://mpoc.org.my/palm-recovers-after-five-days-on-stronger-soyoil-export-data-optimism/
JAKARTA (Sept 29): Malaysian palm oil futures rose on Thursday (Sept 29), after plunging to a near 20-month low in the previous session, as gains in rival oils and expectations for solid export data boosted sentiment. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange jumped by 4.25% to RM3,363 […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-recovers-after-five-days-on-stronger-soyoil-export-data-optimism/
JAKARTA (Sept 29): Malaysian palm oil futures rose on Thursday (Sept 29), after plunging to a near 20-month low in the previous session, as gains in rival oils and expectations for solid export data boosted sentiment. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange jumped by 4.25% to RM3,363 […]
By: via Malaysian Palm Oil Council Russia
среда, 28 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm snaps 5-day losing streak on stronger soyoil
JAKARTA, Sept 29 (Reuters) - Malaysian palm oil futures rose on Thursday after plunging to a near 20-month low in the previous session, with gains in rival Dalian and Chicago soyoil underpinning the market.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange jumped 130 ringgit, or 4.03%, to 3,356 ringgit ($722.81) per tonne in early trade. The contract fell more than 17% in the previous five sessions of losses.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 0.59%, while its palm oil contract DCPv1 slid 0.81%. Soyoil prices on the Chicago Board of Trade BOc2 gained 0.80%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Sept. 1-25 rose between 18.6% and 20.9% from a month ago, cargo surveyors said.
Palm oil is expected to bounce into a range of 3,360-3,427 ringgit, as it has found a support at 3,243 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Brazilian soybean processors have temporarily halted units as crushing margins turned negative, reflecting weak domestic demand for biodiesel and high vegetable oil inventories, analysts said on Wednesday.
Oil prices fell in early Asian trade as a strong dollar and economic woes outweighed optimism over consumer demand.
Asian share markets rose after Britain's central bank launched an emergency bond buying programme to stabilise a furious sell-off in gilts, though trade was skittish and sterling remained under pressure.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 29 (Reuters) - Malaysian palm oil futures rose on Thursday after plunging to a near 20-month low in the previous session, with gains in rival Dalian and Chicago soyoil underpinning the market.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange jumped 130 ringgit, or 4.03%, to 3,356 ringgit ($722.81) per tonne in early trade. The contract fell more than 17% in the previous five sessions of losses.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 0.59%, while its palm oil contract DCPv1 slid 0.81%. Soyoil prices on the Chicago Board of Trade BOc2 gained 0.80%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Sept. 1-25 rose between 18.6% and 20.9% from a month ago, cargo surveyors said.
Palm oil is expected to bounce into a range of 3,360-3,427 ringgit, as it has found a support at 3,243 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Brazilian soybean processors have temporarily halted units as crushing margins turned negative, reflecting weak domestic demand for biodiesel and high vegetable oil inventories, analysts said on Wednesday.
Oil prices fell in early Asian trade as a strong dollar and economic woes outweighed optimism over consumer demand.
Asian share markets rose after Britain's central bank launched an emergency bond buying programme to stabilise a furious sell-off in gilts, though trade was skittish and sterling remained under pressure.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Towards the RED III: A failed reform and unpleasant surprise for palm oil as a biofuel feedstock?
https://mpoc.org.my/towards-the-red-iii-a-failed-reform-and-unpleasant-surprise-for-palm-oil-as-a-biofuel-feedstock/
The EU is currently reviewing the current iteration of the EU’s Renewable Energy Directive, known as the RED II, in view of the EU having increased its ambitions regarding the greenhouse gas (GHG) emissions reduction target for 2030 and the EU’s path to climate neutrality. On 16 July 2021, the European Commission (Commission) had published […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/towards-the-red-iii-a-failed-reform-and-unpleasant-surprise-for-palm-oil-as-a-biofuel-feedstock/
The EU is currently reviewing the current iteration of the EU’s Renewable Energy Directive, known as the RED II, in view of the EU having increased its ambitions regarding the greenhouse gas (GHG) emissions reduction target for 2030 and the EU’s path to climate neutrality. On 16 July 2021, the European Commission (Commission) had published […]
By: via Malaysian Palm Oil Council Russia
вторник, 27 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
CPO futures continue to trend lower as headwinds loom
https://mpoc.org.my/cpo-futures-continue-to-trend-lower-as-headwinds-loom/
KUALA LUMPUR, Sept 27 — Crude palm oil futures contracts on Bursa Malaysia Derivatives continued its downtrend to close lower today as headwinds remain following a pessimistic global economic outlook of rising inflation, soaring interest rates and the strengthening US dollar. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa told Bernama that CPO futures […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-continue-to-trend-lower-as-headwinds-loom/
KUALA LUMPUR, Sept 27 — Crude palm oil futures contracts on Bursa Malaysia Derivatives continued its downtrend to close lower today as headwinds remain following a pessimistic global economic outlook of rising inflation, soaring interest rates and the strengthening US dollar. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa told Bernama that CPO futures […]
By: via Malaysian Palm Oil Council Russia
понедельник, 26 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Include smallholders in the palm oil value chain — Solidaridad Network
https://mpoc.org.my/include-smallholders-in-the-palm-oil-value-chain-solidaridad-network/
KUALA LUMPUR: In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidaridad Network. The organisation in a report ‘Palm Oil Barometer […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/include-smallholders-in-the-palm-oil-value-chain-solidaridad-network/
KUALA LUMPUR: In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidaridad Network. The organisation in a report ‘Palm Oil Barometer […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm slumps nearly 7% on weaker rival oils
https://mpoc.org.my/palm-slumps-nearly-7-on-weaker-rival-oils/
JAKARTA (Sept 26): Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand. The benchmark palm oil contract for […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-slumps-nearly-7-on-weaker-rival-oils/
JAKARTA (Sept 26): Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand. The benchmark palm oil contract for […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
В Индии ожидают рост импорта пальмового масла
Импорт пальмового масла в Индию может значительно вырасти, об этом рассказал крупнейший покупатель масла в стране, 23 сентября сообщает агентство Reuters.
В 2022 — 2023 гг импорт пальмового масла может вырасти на 23%. Таким образом, он достигнет восьмилетнего максимума в 9,5 млн тонн.
By: via Malaysian Palm Oil Council Russia
Импорт пальмового масла в Индию может значительно вырасти, об этом рассказал крупнейший покупатель масла в стране, 23 сентября сообщает агентство Reuters.
В 2022 — 2023 гг импорт пальмового масла может вырасти на 23%. Таким образом, он достигнет восьмилетнего максимума в 9,5 млн тонн.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
В этом году сбор масличных в РФ будет рекордным и составит 28 млн тонн - Масложировой союз
23 сентября. FINMARKET.RU - Масложировой союз России прогнозирует, что в этом году сбор масличных культур в РФ будет рекордным и составит 28 млн тонн.
"Урожай растет, мы ждем в этом году очередной рекорд. По нашим оценкам, около 28 млн тонн масличных будет собрано. С учетом того объема мощностей, которые у нас в этом сезоне будут функционировать, это около 30 млн тонн, мы в полном объеме переработаем тот объем, который планируется, - это около 26 млн тонн к переработке", - сказал исполнительный директор союза Михаил Мальцев на конференции "Растениеводство России - 2022/23", организованной журналом "Агроинвестор".
By: via Malaysian Palm Oil Council Russia
23 сентября. FINMARKET.RU - Масложировой союз России прогнозирует, что в этом году сбор масличных культур в РФ будет рекордным и составит 28 млн тонн.
"Урожай растет, мы ждем в этом году очередной рекорд. По нашим оценкам, около 28 млн тонн масличных будет собрано. С учетом того объема мощностей, которые у нас в этом сезоне будут функционировать, это около 30 млн тонн, мы в полном объеме переработаем тот объем, который планируется, - это около 26 млн тонн к переработке", - сказал исполнительный директор союза Михаил Мальцев на конференции "Растениеводство России - 2022/23", организованной журналом "Агроинвестор".
By: via Malaysian Palm Oil Council Russia
воскресенье, 25 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm slumps nearly 7% on weaker rival oils
JAKARTA, Sept 26 (Reuters) - Malaysian palm oil futures fell nearly 7% on Monday, tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange dropped 6.85% to trade at 3,480 ringgit ($757.18) a tonne in early session, down for a third straight session.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-25 rose 20.9% to 1,168,627 tonnes from 966,655 tonnes shipped during Aug. 1-25, cargo surveyor Intertek Testing Services said on Sunday.
Indonesia's palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the annual total will still be lower than last year's 33.7 million tonnes due to earlier restrictions, the Indonesian Palm Oil Association said.
Malaysian palm oil prices will plunge to 2,500 ringgit ($547.29) by the end of December, weighed down by improving production, demand destruction and a slowdown in major economies, leading analyst Dorab Mistry said on Friday.
Dalian's most-active soyoil contract DBYcv1 fell 3.28%, while its palm oil contract <DCPcv1 dropped 4.7%. Soyoil prices on the Chicago Board of Trade BOc1 were down 0.99%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices rose modestly in early trade after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand.
Sterling slumped to a record low, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling in to U.S. dollars.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 26 (Reuters) - Malaysian palm oil futures fell nearly 7% on Monday, tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange dropped 6.85% to trade at 3,480 ringgit ($757.18) a tonne in early session, down for a third straight session.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-25 rose 20.9% to 1,168,627 tonnes from 966,655 tonnes shipped during Aug. 1-25, cargo surveyor Intertek Testing Services said on Sunday.
Indonesia's palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the annual total will still be lower than last year's 33.7 million tonnes due to earlier restrictions, the Indonesian Palm Oil Association said.
Malaysian palm oil prices will plunge to 2,500 ringgit ($547.29) by the end of December, weighed down by improving production, demand destruction and a slowdown in major economies, leading analyst Dorab Mistry said on Friday.
Dalian's most-active soyoil contract DBYcv1 fell 3.28%, while its palm oil contract <DCPcv1 dropped 4.7%. Soyoil prices on the Chicago Board of Trade BOc1 were down 0.99%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Oil prices rose modestly in early trade after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand.
Sterling slumped to a record low, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling in to U.S. dollars.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Indonesia’s 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official
https://mpoc.org.my/indonesias-2022-palm-oil-exports-to-fall-stocks-to-rise-due-to-lower-shipments-says-trade-official/
AGRA, India, Sept 24 (Reuters): Indonesia’s palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year’s 33.7 million tonnes due to earlier restrictions, an industry official told Reuters. Lower shipments could lift stocks at […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/indonesias-2022-palm-oil-exports-to-fall-stocks-to-rise-due-to-lower-shipments-says-trade-official/
AGRA, India, Sept 24 (Reuters): Indonesia’s palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year’s 33.7 million tonnes due to earlier restrictions, an industry official told Reuters. Lower shipments could lift stocks at […]
By: via Malaysian Palm Oil Council Russia
пятница, 23 сентября 2022 г.
четверг, 22 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Growth Potential of Palm Oil in the Philippines’ Foodservice Industry
https://mpoc.org.my/growth-potential-of-palm-oil-in-the-philippines-foodservice-industry/
The Philippines has been one of the most dynamic economies in the East Asia Pacific region. Average annual growth increased to 6.4% between 2010-2019 from an average of 4.5% between 2000-2009. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/growth-potential-of-palm-oil-in-the-philippines-foodservice-industry/
The Philippines has been one of the most dynamic economies in the East Asia Pacific region. Average annual growth increased to 6.4% between 2010-2019 from an average of 4.5% between 2000-2009. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported […]
By: via Malaysian Palm Oil Council Russia
среда, 21 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
*Bunge to sell Russian oilseed processing business*
Bunge has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group.
The sale includes the sunflower processing plant in Voronezh. The completion of the sale is subject to customary closing conditions, including regulatory approval.
“We are grateful to the team for continuing to deliver essential food and feed in this challenging environment,” said Gregory Heckman, chief executive officer of Bunge. “With Karen Vanetsyan's more than 25 years of experience in agricultural processing, we are confident the team will continue to successfully serve customers.”
In March, Bunge and other major US agribusinesses started scaling back their Russian operations, following Russia’s invasion of Ukraine. Bunge had been cutting back on Russian grain trading activities even earlier, including the sale of its Rostov export terminal in March 2021.
The Voronezh plant opened in 2008 and has an annual crushing capacity of 540,000 tonnes and can produce more than 200 million bottles of sunflower oil.
By: via Malaysian Palm Oil Council Russia
Bunge has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group.
The sale includes the sunflower processing plant in Voronezh. The completion of the sale is subject to customary closing conditions, including regulatory approval.
“We are grateful to the team for continuing to deliver essential food and feed in this challenging environment,” said Gregory Heckman, chief executive officer of Bunge. “With Karen Vanetsyan's more than 25 years of experience in agricultural processing, we are confident the team will continue to successfully serve customers.”
In March, Bunge and other major US agribusinesses started scaling back their Russian operations, following Russia’s invasion of Ukraine. Bunge had been cutting back on Russian grain trading activities even earlier, including the sale of its Rostov export terminal in March 2021.
The Voronezh plant opened in 2008 and has an annual crushing capacity of 540,000 tonnes and can produce more than 200 million bottles of sunflower oil.
By: via Malaysian Palm Oil Council Russia
вторник, 20 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Expanding palm oil stockpile to dampen CPO prices
https://mpoc.org.my/expanding-palm-oil-stockpile-to-dampen-cpo-prices/
THE Malaysian palm oil inventory, which is likely to have surpassed two million tonnes for the first time in two years, is expected to add further downward pressure on crude palm oil (CPO) prices that have fallen from their peak in April this year. As production picks up in the second half and stiffer competition […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/expanding-palm-oil-stockpile-to-dampen-cpo-prices/
THE Malaysian palm oil inventory, which is likely to have surpassed two million tonnes for the first time in two years, is expected to add further downward pressure on crude palm oil (CPO) prices that have fallen from their peak in April this year. As production picks up in the second half and stiffer competition […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm climbs for second day on India demand
KUALA LUMPUR, Sept 21 (Reuters) - Malaysian palm oil futures rose on Wednesday, extending gains to a second session on strong export demand ahead of a key festival in top buyer India.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 56 ringgit, or 1.5%, to 3,793 ringgit ($830.71) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 32.7% to 952,888 tonnes from 718,291 tonnes shipped during Aug. 1-20, cargo surveyor Societe Generale de Surveillance (SGS) said.
SGS data showed shipments to India during the period surged 50%. The world's biggest edible oil buyer is ramping up purchases ahead of the Diwali festival next month.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain into 3,847-3,897 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks in Asia sank and bond yields were elevated, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day.
Oil prices slid, extending the previous day's losses, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve that they fear could lead to recession and plunging fuel demand.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 21 (Reuters) - Malaysian palm oil futures rose on Wednesday, extending gains to a second session on strong export demand ahead of a key festival in top buyer India.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 56 ringgit, or 1.5%, to 3,793 ringgit ($830.71) a tonne in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 32.7% to 952,888 tonnes from 718,291 tonnes shipped during Aug. 1-20, cargo surveyor Societe Generale de Surveillance (SGS) said.
SGS data showed shipments to India during the period surged 50%. The world's biggest edible oil buyer is ramping up purchases ahead of the Diwali festival next month.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain into 3,847-3,897 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Stocks in Asia sank and bond yields were elevated, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day.
Oil prices slid, extending the previous day's losses, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve that they fear could lead to recession and plunging fuel demand.
By: via Malaysian Palm Oil Council Russia
понедельник, 19 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm recovers on strong India demand
KUALA LUMPUR, Sept 20 (Reuters) - Malaysian palm oil futures rose on Tuesday after a three-session slide, as traders weighed forecasts of rising production against strong demand from top buyer India ahead of a key festival.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.81%, to 3,730 ringgit ($819.78) in early trade.
FUNDAMENTALS
Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.
Malaysia's palm production is expected to increase in September, though labour shortages and higher exports may limit the rise, Refinitiv Commodities Research said in a note late on Monday.
Dalian's most-active soyoil contract DBYcv1 fell 1.8%, while its palm oil contract DCPcv1 plunged 3.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may break a support of 3,646 ringgit per tonne, and fall into 3,481-3,583 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged up in early trade following a rebound in the final hour of New York trading as investors turned their attention to an expected hefty Federal Reserve interest rate hike this week to tackle inflation.
Oil prices were little changed on concerns that interest rate hikes in the United States to tame inflation will curb economic growth and fuel demand in the world's biggest crude consumer.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 20 (Reuters) - Malaysian palm oil futures rose on Tuesday after a three-session slide, as traders weighed forecasts of rising production against strong demand from top buyer India ahead of a key festival.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.81%, to 3,730 ringgit ($819.78) in early trade.
FUNDAMENTALS
Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.
Malaysia's palm production is expected to increase in September, though labour shortages and higher exports may limit the rise, Refinitiv Commodities Research said in a note late on Monday.
Dalian's most-active soyoil contract DBYcv1 fell 1.8%, while its palm oil contract DCPcv1 plunged 3.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.05%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may break a support of 3,646 ringgit per tonne, and fall into 3,481-3,583 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged up in early trade following a rebound in the final hour of New York trading as investors turned their attention to an expected hefty Federal Reserve interest rate hike this week to tackle inflation.
Oil prices were little changed on concerns that interest rate hikes in the United States to tame inflation will curb economic growth and fuel demand in the world's biggest crude consumer.
By: via Malaysian Palm Oil Council Russia
четверг, 15 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Парламент Казахстана одобрил поправки в Конституцию страны.
Столице, городу Нур-Султан, возвращается прежнее название — Астана.
Президент страны может избираться только один раз на 7 лет.
By: via Malaysian Palm Oil Council Russia
Столице, городу Нур-Султан, возвращается прежнее название — Астана.
Президент страны может избираться только один раз на 7 лет.
By: via Malaysian Palm Oil Council Russia
среда, 14 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Opportunities for Palm Oil in Saudi Arabia’s Horeca Sector
https://mpoc.org.my/opportunities-for-palm-oil-in-saudi-arabias-horeca-sector/
Background Saudi Arabia’s HORECA has been experiencing rapid socio-cultural changes over the past two years, mainly due to the major diversification of the economy initiated by the Kingdom to remove its dependencies on crude oil. Tourism is among various new sectors being focused for economic growth and development; it is anticipated that the country will […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/opportunities-for-palm-oil-in-saudi-arabias-horeca-sector/
Background Saudi Arabia’s HORECA has been experiencing rapid socio-cultural changes over the past two years, mainly due to the major diversification of the economy initiated by the Kingdom to remove its dependencies on crude oil. Tourism is among various new sectors being focused for economic growth and development; it is anticipated that the country will […]
By: via Malaysian Palm Oil Council Russia
вторник, 13 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil slips on profit booking after three-day rally
KUALA LUMPUR, Sept 14 (Reuters) - Malaysian palm oil futures fell on Wednesday as investors booked profits after a three-day rally amid a broader weakness in the market on expectations of persistent production growth, although a weakening ringgit cushioned losses.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 65 ringgit, or 1.67%, to 3,833 ringgit ($847.45) during early trade.
FUNDAMENTALS
The ringgit MYR=, palm's currency of trade fell 0.4% to its lowest since 1998, making the commodity cheaper for holders of foreign currency.
The value of Colombia's palm oil exports may rise significantly to $800 million this year, thanks to high international prices and stable production, the palm growers association said on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.04%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
Malaysian plantations are in their peak production season and rose 9.7% month-on-month in August, according to palm oil board data. Analysts expect production to remain strong in September before tapering off during the fourth quarter.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil faces a strong resistance at 3,916 ringgit per tonne, it may hover below this level or retrace towards 3,686 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tumbled, the dollar held firm and the U.S. yield curve was deeply inverted on Wednesday, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer.
Oil prices inched higher in early trade, as OPEC stuck to forecasts for robust global fuel demand growth, offsetting concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 14 (Reuters) - Malaysian palm oil futures fell on Wednesday as investors booked profits after a three-day rally amid a broader weakness in the market on expectations of persistent production growth, although a weakening ringgit cushioned losses.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 65 ringgit, or 1.67%, to 3,833 ringgit ($847.45) during early trade.
FUNDAMENTALS
The ringgit MYR=, palm's currency of trade fell 0.4% to its lowest since 1998, making the commodity cheaper for holders of foreign currency.
The value of Colombia's palm oil exports may rise significantly to $800 million this year, thanks to high international prices and stable production, the palm growers association said on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.04%, while its palm oil contract DCPcv1 gained 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.
Malaysian plantations are in their peak production season and rose 9.7% month-on-month in August, according to palm oil board data. Analysts expect production to remain strong in September before tapering off during the fourth quarter.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil faces a strong resistance at 3,916 ringgit per tonne, it may hover below this level or retrace towards 3,686 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tumbled, the dollar held firm and the U.S. yield curve was deeply inverted on Wednesday, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer.
Oil prices inched higher in early trade, as OPEC stuck to forecasts for robust global fuel demand growth, offsetting concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
MPOC: Focus on sustainability issues does not seem to abate for palm oil industry
https://mpoc.org.my/mpoc-focus-on-sustainability-issues-does-not-seem-to-abate-for-palm-oil-industry/
KUALA LUMPUR (Sept 13): The focus on sustainability issues does not seem to abate, as more challenges await the palm oil industry, according to Malaysian Palm Oil Council (MPOC) chief executive officer Wan Aishah Wan Hamid. According to Wan Aishah, the palm oil industry has faced multiple sustainability challenges since the last few decades, from […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpoc-focus-on-sustainability-issues-does-not-seem-to-abate-for-palm-oil-industry/
KUALA LUMPUR (Sept 13): The focus on sustainability issues does not seem to abate, as more challenges await the palm oil industry, according to Malaysian Palm Oil Council (MPOC) chief executive officer Wan Aishah Wan Hamid. According to Wan Aishah, the palm oil industry has faced multiple sustainability challenges since the last few decades, from […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 11 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Небензя заявил, что Россия может не продлить сделку по вывозу зерна с Украины
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil firms on higher early September exports
KUALA LUMPUR, Sept 12 (Reuters) - Malaysian palm oil futures edged up on Monday ahead of key palm oil board data, supported by a rise in early September exports.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.92%, to 3,627 ringgit a tonne during early trade.
FUNDAMENTALS
The Malaysian Palm Oil Board (MPOB) is scheduled to release August supply and demand data later in the day. A Reuters' poll has pegged a rise in production lifting inventories to 2.03 million tonnes.
Exports of Malaysian palm oil products for Sept. 1-10 rose between 9.3% and 16.2% from the same period in August, cargo surveyors said on Saturday.
Soyoil prices on the Chicago Board of Trade BOcv1 fell 1%. The Dalian Commodity Exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,666 ringgit per tonne, a break above could lead to a gain into 3,738-3,783 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slid as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields and the dollar sharply higher, and tested equity and earnings valuations.
Oil prices slipped as the prospect of further interest rate hikes in the United States and Europe to quell inflation and the imposition of strict COVID-19 restrictions in China overshadowed the global demand outlook.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 12 (Reuters) - Malaysian palm oil futures edged up on Monday ahead of key palm oil board data, supported by a rise in early September exports.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.92%, to 3,627 ringgit a tonne during early trade.
FUNDAMENTALS
The Malaysian Palm Oil Board (MPOB) is scheduled to release August supply and demand data later in the day. A Reuters' poll has pegged a rise in production lifting inventories to 2.03 million tonnes.
Exports of Malaysian palm oil products for Sept. 1-10 rose between 9.3% and 16.2% from the same period in August, cargo surveyors said on Saturday.
Soyoil prices on the Chicago Board of Trade BOcv1 fell 1%. The Dalian Commodity Exchange was closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 3,666 ringgit per tonne, a break above could lead to a gain into 3,738-3,783 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slid as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields and the dollar sharply higher, and tested equity and earnings valuations.
Oil prices slipped as the prospect of further interest rate hikes in the United States and Europe to quell inflation and the imposition of strict COVID-19 restrictions in China overshadowed the global demand outlook.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat firm, set for 3rd weekly gain on supply concerns
SINGAPORE, Sept 9 (Reuters) - Chicago wheat edged higher on Friday, rising for four out of five sessions and eyeing a third straight weekly gain, as talks about Russia's restrictions on Ukrainian shipments underpinned the market.
Soybeans rose, although the market is on track for a second week of losses on expectations of a record U.S. crop and higher South American planting.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.8% to $8.35-1/4 a bushel, as of 0123 GMT. The market, which climbed to its highest in almost two month this week, has gained 3% this week.
Soybeans Sv1 have dropped around 2% this week, while corn Cv1 has added around 1%.
Wheat markets have strengthened after President Vladimir Putin said Russia and the developing world had been "cheated" by a U.N.-brokered Ukrainian grain export deal, vowing to look to revise its terms to limit the countries that can receive shipments.
However, the White House said Thursday there was no indication the deal was unravelling.
Frosts recorded in the last two weeks in Argentina have caused some damage to the South American country's 2022/23 wheat crop, the Buenos Aires grains exchange said on Thursday.
The frost damage adds to the impact caused by drought seen in recent months, which led the key grains exchange to cut its wheat planting forecast from an initial level of 6.6 million hectares to 6.1 million hectares.
For soybeans, the United States is on track for a record crop, while farmers are expected to boost planting in Brazil.
Argentine farmers sold a total of 2.13 million tonnes of soybeans on Monday and Tuesday, surpassing in just two days the 667,000 tonnes sold last week after the government established a preferential exchange rate for soybean exports, the Rosario Stock Exchange said Wednesday.
Commodity funds were net sellers of CBOT corn, wheat, soybean and soymeal futures contracts on Thursday and net buyers of soyoil futures, traders said.
MARKET NEWS
Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points and Federal Reserve Chair Jerome Powell said the U.S. central bank was "strongly committed" to controlling inflation.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 9 (Reuters) - Chicago wheat edged higher on Friday, rising for four out of five sessions and eyeing a third straight weekly gain, as talks about Russia's restrictions on Ukrainian shipments underpinned the market.
Soybeans rose, although the market is on track for a second week of losses on expectations of a record U.S. crop and higher South American planting.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.8% to $8.35-1/4 a bushel, as of 0123 GMT. The market, which climbed to its highest in almost two month this week, has gained 3% this week.
Soybeans Sv1 have dropped around 2% this week, while corn Cv1 has added around 1%.
Wheat markets have strengthened after President Vladimir Putin said Russia and the developing world had been "cheated" by a U.N.-brokered Ukrainian grain export deal, vowing to look to revise its terms to limit the countries that can receive shipments.
However, the White House said Thursday there was no indication the deal was unravelling.
Frosts recorded in the last two weeks in Argentina have caused some damage to the South American country's 2022/23 wheat crop, the Buenos Aires grains exchange said on Thursday.
The frost damage adds to the impact caused by drought seen in recent months, which led the key grains exchange to cut its wheat planting forecast from an initial level of 6.6 million hectares to 6.1 million hectares.
For soybeans, the United States is on track for a record crop, while farmers are expected to boost planting in Brazil.
Argentine farmers sold a total of 2.13 million tonnes of soybeans on Monday and Tuesday, surpassing in just two days the 667,000 tonnes sold last week after the government established a preferential exchange rate for soybean exports, the Rosario Stock Exchange said Wednesday.
Commodity funds were net sellers of CBOT corn, wheat, soybean and soymeal futures contracts on Thursday and net buyers of soyoil futures, traders said.
MARKET NEWS
Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points and Federal Reserve Chair Jerome Powell said the U.S. central bank was "strongly committed" to controlling inflation.
By: via Malaysian Palm Oil Council Russia
четверг, 8 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises from 14-month closing low, but set for weekly loss
KUALA LUMPUR, Sept 9 (Reuters) - Malaysian palm oil futures were set for a second straight weekly drop, even as prices rose on Friday after tumbling to a 14-month closing low in the previous session.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 77 ringgit, or 2.17%, to 3,618 ringgit ($804.89) a tonne in early trade after three consecutive sessions of losses.
Palm has fallen 7.6% so far this week, as investors are worried that COVID-19-related restrictions in some parts of key buyer China would hit demand amid rising supply.
FUNDAMENTALS
Trader are awaiting the Malaysian Palm Oil Board to release August supply and demand data on Monday. They have factored in polls indicating inventories expanding above 2 million tonnes for the first time in two years.
The Chinese city of Chengdu extended a lockdown for a majority of its more than 21 million residents on Thursday to prevent further transmission of COVID-19 while millions more in other parts of China were told to shun travel in upcoming holidays.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 fell 0.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may bounce to 3,666 ringgit ($815.57) per tonne, before resuming its downtrend, as it has found a support at 3,489 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S. Federal Reserve chairman reinforced bets of aggressive tightening ahead.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 9 (Reuters) - Malaysian palm oil futures were set for a second straight weekly drop, even as prices rose on Friday after tumbling to a 14-month closing low in the previous session.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 77 ringgit, or 2.17%, to 3,618 ringgit ($804.89) a tonne in early trade after three consecutive sessions of losses.
Palm has fallen 7.6% so far this week, as investors are worried that COVID-19-related restrictions in some parts of key buyer China would hit demand amid rising supply.
FUNDAMENTALS
Trader are awaiting the Malaysian Palm Oil Board to release August supply and demand data on Monday. They have factored in polls indicating inventories expanding above 2 million tonnes for the first time in two years.
The Chinese city of Chengdu extended a lockdown for a majority of its more than 21 million residents on Thursday to prevent further transmission of COVID-19 while millions more in other parts of China were told to shun travel in upcoming holidays.
Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 fell 0.4%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may bounce to 3,666 ringgit ($815.57) per tonne, before resuming its downtrend, as it has found a support at 3,489 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S. Federal Reserve chairman reinforced bets of aggressive tightening ahead.
By: via Malaysian Palm Oil Council Russia
среда, 7 сентября 2022 г.
вторник, 6 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Oil On the Boil – Causing Huge Volatility, India
https://mpoc.org.my/oil-on-the-boil-causing-huge-volatility-india/
The year 2022, has been a year with a difference. Coming out of the shadow of Covid-19, we stepped into the new year with trepidation but hoping for a new dawn. Let us see how the edible oil scene has played out in the first six months of the calendar year. The first half year […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/oil-on-the-boil-causing-huge-volatility-india/
The year 2022, has been a year with a difference. Coming out of the shadow of Covid-19, we stepped into the new year with trepidation but hoping for a new dawn. Let us see how the edible oil scene has played out in the first six months of the calendar year. The first half year […]
By: via Malaysian Palm Oil Council Russia
понедельник, 5 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans ease on Argentine supplies; wheat and corn extend gains
SINGAPORE, Sept 6 (Reuters) - Chicago soybean futures lost ground on Tuesday, with prices coming under pressure on expectations of higher farmer sales in Argentina, a leading producer and exporter of the oilseed.
Wheat and corn gained for a second consecutive session.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 fell 0.5% to $14.14 a bushel, as of 0027 GMT. Wheat Wv1 rose 1.1% to $8.19-1/2 a bushel and corn Cv1 added 0.7% to $6.70-1/2 a bushel.
Argentina's farmers said on Monday that the government's decision to improve the exchange rate for soybeans exported in September is a temporary "patch" that will likely boost sales of the crop during the month, but fails to solve root issues.
Traders were also starting to adjust positions ahead of the U.S. Department of Agriculture's monthly supply/demand reports on Sept. 12. Some private analysts have revised their U.S. 2022 corn yield estimates lower in recent days, fuelling expectations that the USDA might do the same in its upcoming reports.
Commodity brokerage StoneX last week lowered its U.S. corn yield estimate to 173.2 bushels per acre (bpa) from 176.0 in its previous monthly report. However, for soybeans, StoneX raised its yield forecast to 51.8 bpa, from 51.3 last month.
In Russia, wheat export prices fell last week under pressure from the new crop, analysts said on Monday, adding that demand from importers was rising.
Russian prices for wheat with 12.5% protein content and for supply from Black Sea ports fell by $5 to $310 a tonne free on board at the end of last week, the IKAR agriculture consultancy said in a note.
However, Ukraine is also facing a fall in wheat sowing for next year's crop, with the Ukrainian Agrarian Council on Thursday warning the area may plunge by 30% to 40%.
Brazilian farmers will spend more to nourish crops like soybeans and corn this season, according to StoneX, reflecting a rise in prices exacerbated by the conflict in Ukraine.
Based on StoneX calculations, first corn farmers will reap the biggest crop in seven years, just below 30 million tonnes, representing a 13% rise from last year.
At the same time the 2022/2023 Brazilian soybean crop is expected to be a record of 153.6 million tonnes, up 24% from last year, StoneX said.
Large speculators raised their net long position in CBOT corn futures in the week to Aug. 30, 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
European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 6 (Reuters) - Chicago soybean futures lost ground on Tuesday, with prices coming under pressure on expectations of higher farmer sales in Argentina, a leading producer and exporter of the oilseed.
Wheat and corn gained for a second consecutive session.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 fell 0.5% to $14.14 a bushel, as of 0027 GMT. Wheat Wv1 rose 1.1% to $8.19-1/2 a bushel and corn Cv1 added 0.7% to $6.70-1/2 a bushel.
Argentina's farmers said on Monday that the government's decision to improve the exchange rate for soybeans exported in September is a temporary "patch" that will likely boost sales of the crop during the month, but fails to solve root issues.
Traders were also starting to adjust positions ahead of the U.S. Department of Agriculture's monthly supply/demand reports on Sept. 12. Some private analysts have revised their U.S. 2022 corn yield estimates lower in recent days, fuelling expectations that the USDA might do the same in its upcoming reports.
Commodity brokerage StoneX last week lowered its U.S. corn yield estimate to 173.2 bushels per acre (bpa) from 176.0 in its previous monthly report. However, for soybeans, StoneX raised its yield forecast to 51.8 bpa, from 51.3 last month.
In Russia, wheat export prices fell last week under pressure from the new crop, analysts said on Monday, adding that demand from importers was rising.
Russian prices for wheat with 12.5% protein content and for supply from Black Sea ports fell by $5 to $310 a tonne free on board at the end of last week, the IKAR agriculture consultancy said in a note.
However, Ukraine is also facing a fall in wheat sowing for next year's crop, with the Ukrainian Agrarian Council on Thursday warning the area may plunge by 30% to 40%.
Brazilian farmers will spend more to nourish crops like soybeans and corn this season, according to StoneX, reflecting a rise in prices exacerbated by the conflict in Ukraine.
Based on StoneX calculations, first corn farmers will reap the biggest crop in seven years, just below 30 million tonnes, representing a 13% rise from last year.
At the same time the 2022/2023 Brazilian soybean crop is expected to be a record of 153.6 million tonnes, up 24% from last year, StoneX said.
Large speculators raised their net long position in CBOT corn futures in the week to Aug. 30, 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
European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil drops as survey signals high inventories
KUALA LUMPUR, Sept 6 (Reuters) - Malaysian palm oil futures eased on Tuesday after a survey signalled that inventories swelled above 2 million tonnes for the first time in more than two years, while weak soyoil prices and extended lockdowns in China also weighed on sentiment.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was down 24 ringgit, or 0.61%, at 3,892 ringgit ($867.20) a tonne during early trade, hovering near a one-month low hit last week.
FUNDAMENTALS
Malaysia's palm oil inventories at end-August jumped 14.5% to 2.03 million tonnes, the highest since April 2020, a Reuters survey showed on Monday.
"Bearish sentiments were also caused by China's recent lockdowns to control fresh COVID-19 outbreaks, including Chengdu city and other key port cities such as Dalian and Shenzhen, fuelling fears over weaker demand and imports," Refinitiv Commodities Research said in a note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 fell 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 4,000 ringgit per tonne, a break above may lead to gain into the range of 4,085 ringgit to 4,452 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Tuesday after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 6 (Reuters) - Malaysian palm oil futures eased on Tuesday after a survey signalled that inventories swelled above 2 million tonnes for the first time in more than two years, while weak soyoil prices and extended lockdowns in China also weighed on sentiment.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was down 24 ringgit, or 0.61%, at 3,892 ringgit ($867.20) a tonne during early trade, hovering near a one-month low hit last week.
FUNDAMENTALS
Malaysia's palm oil inventories at end-August jumped 14.5% to 2.03 million tonnes, the highest since April 2020, a Reuters survey showed on Monday.
"Bearish sentiments were also caused by China's recent lockdowns to control fresh COVID-19 outbreaks, including Chengdu city and other key port cities such as Dalian and Shenzhen, fuelling fears over weaker demand and imports," Refinitiv Commodities Research said in a note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 fell 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may retest a resistance at 4,000 ringgit per tonne, a break above may lead to gain into the range of 4,085 ringgit to 4,452 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Tuesday after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm Oil Health Awareness Evening Forum & Dinner Sibu, Sarawak
https://mpoc.org.my/palm-oil-health-awareness-evening-forum-dinner-sibu-sarawak/
MPOC collaborated with MMA Sarawak Branch to hold a palm oil health awareness evening forum and dinner at Sibu, Sarawak. The main objective was to disseminate up-to-date information on the nutritional attributes of palm oil to Malaysian health professionals, our efforts to widen their perspective of this important commodity of our country. The event was […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-health-awareness-evening-forum-dinner-sibu-sarawak/
MPOC collaborated with MMA Sarawak Branch to hold a palm oil health awareness evening forum and dinner at Sibu, Sarawak. The main objective was to disseminate up-to-date information on the nutritional attributes of palm oil to Malaysian health professionals, our efforts to widen their perspective of this important commodity of our country. The event was […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Reuters Poll Aug’22 vs MPOB Jul’22:
Prod 1.7m vs 1.57m (+8%)
Impt 150k v 131k
Expt 1.32m v 1.321m (-0.14%)
LDsp 272k v 255k
Stks 2.03m v 1.77m (+14.5%)
Bloomberg Poll Aug'22 vs Jul'22 MPOB:
Prodn 1.70m vs 1.57m (+8.3%)
Impt 150k vs 131k
Expt 1.32m vs 1.32m (unch)
LDsp 220k-300k vs 255k
Stks 2.05m vs 1.77m (+15.8%)
By: via Malaysian Palm Oil Council Russia
Prod 1.7m vs 1.57m (+8%)
Impt 150k v 131k
Expt 1.32m v 1.321m (-0.14%)
LDsp 272k v 255k
Stks 2.03m v 1.77m (+14.5%)
Bloomberg Poll Aug'22 vs Jul'22 MPOB:
Prodn 1.70m vs 1.57m (+8.3%)
Impt 150k vs 131k
Expt 1.32m vs 1.32m (unch)
LDsp 220k-300k vs 255k
Stks 2.05m vs 1.77m (+15.8%)
By: via Malaysian Palm Oil Council Russia
воскресенье, 4 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil firms on higher crude prices
KUALA LUMPUR, Sept 5 (Reuters) - Malaysian palm oil futures ticked up on Monday tracking a stronger crude, but the contract remained near a one-month low hit in the previous session.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.08%, to 3,918 ringgit ($873.29) a tonne during early trade.
FUNDAMENTALS
Palm slumped 6% last week after key buyer China imposed fresh COVID-19 lockdown measures in the cities of Chengdu and Shenzen to conduct mass testing, raising concerns over demand for the edible oil.
Oil prices jumped more than $1 a barrel, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 0.4%. The Chicago Board of Trade were closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may bounce to 4,000 ringgit, as it has found a support at 3,857 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
European stock futures slid on Monday, while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 5 (Reuters) - Malaysian palm oil futures ticked up on Monday tracking a stronger crude, but the contract remained near a one-month low hit in the previous session.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.08%, to 3,918 ringgit ($873.29) a tonne during early trade.
FUNDAMENTALS
Palm slumped 6% last week after key buyer China imposed fresh COVID-19 lockdown measures in the cities of Chengdu and Shenzen to conduct mass testing, raising concerns over demand for the edible oil.
Oil prices jumped more than $1 a barrel, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 gained 0.4%. The Chicago Board of Trade were closed for a public holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may bounce to 4,000 ringgit, as it has found a support at 3,857 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
European stock futures slid on Monday, while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.
By: via Malaysian Palm Oil Council Russia
четверг, 1 сентября 2022 г.
Malaysian Palm Oil Council Russia's Post
Cудно Lady Zehma, направлявшееся с Украины в Стамбул, село на мель из-за неисправности руля и перекрыло пролив Босфор. 173-метровое судно бросило якорь в бухте Бебек, сообщает главное управление береговой охраны Турции в Twitter.
На место происшествия направились спасательные катера и буксиры для грузовых судов. Движение по Босфорскому проливу приостановлено.
Lady Zehma — одно из шести судов с сельхозпродукцией, вышедших из украинских портов 30 августа.
By: via Malaysian Palm Oil Council Russia
На место происшествия направились спасательные катера и буксиры для грузовых судов. Движение по Босфорскому проливу приостановлено.
Lady Zehma — одно из шести судов с сельхозпродукцией, вышедших из украинских портов 30 августа.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil falls to one-week low on higher supply outlook
KUALA LUMPUR, Sept 1 (Reuters) - Malaysian palm oil futures slipped on Thursday to a one-week low, tracking weaker rival oils and amid anticipation of higher supply as plantations enter peak production season.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 67 ringgit, or 1.62%, to 4,077 ringgit ($909.64) a tonne by the midday break, its lowest since Aug. 24.
Market is under pressure from weakness in commodity markets and expectations of strong production growth in August, and is likely to offset exports and produce stocks above 2 million tonnes, a Kuala Lumpur-based trader said.
Exports of Malaysian palm oil products for August rose 1.6% to 1,299,116 tonnes from July, cargo surveyor Intertek Testing Services said on Wednesday.
In top producer Indonesia, a lower threshold for export levies will come into effect on Nov. 1, marking an end to several months where the country waived the tariffs to encourage shipments amid a glut in domestic stock.
Indonesia also set its crude palm oil reference price at $929.66 per tonne for Sept. 1-15 period, putting the export tax lower than previously expected at $74 per tonne.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 lost 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is poised to break a support at 4,085 ringgit per tonne, and fall towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
($1 = 4.4820 ringgit)
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 1 (Reuters) - Malaysian palm oil futures slipped on Thursday to a one-week low, tracking weaker rival oils and amid anticipation of higher supply as plantations enter peak production season.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 67 ringgit, or 1.62%, to 4,077 ringgit ($909.64) a tonne by the midday break, its lowest since Aug. 24.
Market is under pressure from weakness in commodity markets and expectations of strong production growth in August, and is likely to offset exports and produce stocks above 2 million tonnes, a Kuala Lumpur-based trader said.
Exports of Malaysian palm oil products for August rose 1.6% to 1,299,116 tonnes from July, cargo surveyor Intertek Testing Services said on Wednesday.
In top producer Indonesia, a lower threshold for export levies will come into effect on Nov. 1, marking an end to several months where the country waived the tariffs to encourage shipments amid a glut in domestic stock.
Indonesia also set its crude palm oil reference price at $929.66 per tonne for Sept. 1-15 period, putting the export tax lower than previously expected at $74 per tonne.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 lost 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is poised to break a support at 4,085 ringgit per tonne, and fall towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
($1 = 4.4820 ringgit)
By: via Malaysian Palm Oil Council Russia
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