VEGOILS-Palm retreats on weaker U.S. soyoil, ringgit rally
JAKARTA, Dec 1 (Reuters) - Malaysian palm oil futures fell on Thursday after three straight sessions of gains, dragged down by weaker U.S. soyoil prices and a stronger ringgit.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 1.89% to 4,154 ringgit ($941.95) a tonne in early trade.
FUNDAMENTALS
Palm exports from Malaysia in November rose between 1.7% and 5.6% from the month before, according to data from cargo surveyors Intertek Testing Services and Amspec Agri.
Soyoil prices on the Chicago Board of Trade BOc2 were down 3.09%. Dalian's most active soyoil contract DBYv1 rose 0.15%, while its palm oil contract DCPv1 fell 0.42%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The ringgit MYR= gained 0.74% against the U.S. dollar after a 1.37% rally on Wednesday, touching its strongest since July. A stronger ringgit makes palm oil less attractive for holders of foreign currencies.
Palm oil may retest a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices nosed ahead in early Asian trade, lifted by signs of tighter supply and by optimism over a Chinese demand recovery.
Asian equities jumped, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening.
By: via Malaysian Palm Oil Council Russia
среда, 30 ноября 2022 г.
вторник, 29 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set for second monthly rise; China's COVID rules in focus
KUALA LUMPUR, Nov 30 (Reuters) - Malaysian palm oil futures firmed on Wednesday and extended gains for a second consecutive month, as hopes of China easing its strict COVID-19 policy lifted equities and commodities markets.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,224 ringgit ($941.81) a tonne during early trade.
For the month, palm has risen 4.3%.
FUNDAMENTALS
China will speed up COVID-19 vaccinations for elderly people, health officials said on Tuesday, aiming to overcome a key stumbling block in efforts to ease the unpopular "zero-COVID" curbs.
Oil rose on expectations that China would loosen its COVID curbs, but gains were limited by concerns that OPEC+ would keep its output unchanged at its upcoming meeting.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.12%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into the 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
The S&P 500 .SPX closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while U.S. oil futures gained on hopes of China easing its COVID-19 restrictions that have fuelled fears about the global economy.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 30 (Reuters) - Malaysian palm oil futures firmed on Wednesday and extended gains for a second consecutive month, as hopes of China easing its strict COVID-19 policy lifted equities and commodities markets.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,224 ringgit ($941.81) a tonne during early trade.
For the month, palm has risen 4.3%.
FUNDAMENTALS
China will speed up COVID-19 vaccinations for elderly people, health officials said on Tuesday, aiming to overcome a key stumbling block in efforts to ease the unpopular "zero-COVID" curbs.
Oil rose on expectations that China would loosen its COVID curbs, but gains were limited by concerns that OPEC+ would keep its output unchanged at its upcoming meeting.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.12%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into the 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
The S&P 500 .SPX closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while U.S. oil futures gained on hopes of China easing its COVID-19 restrictions that have fuelled fears about the global economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Trialogue Negotiations on the Deforestation-Free Products Regulation
https://mpoc.org.my/trialogue-negotiations-on-the-deforestation-free-products-regulation/
On 17 November 2021, the European Commission (Commission) published its Draft Proposal for a Regulation on Deforestation-free products. Under the future Regulation, commodities and products associated with deforestation and forest degradation, likely including wood, cattle, soya, palm oil, coffee, and cocoa, would not be allowed to be placed on the EU market or exported from […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/trialogue-negotiations-on-the-deforestation-free-products-regulation/
On 17 November 2021, the European Commission (Commission) published its Draft Proposal for a Regulation on Deforestation-free products. Under the future Regulation, commodities and products associated with deforestation and forest degradation, likely including wood, cattle, soya, palm oil, coffee, and cocoa, would not be allowed to be placed on the EU market or exported from […]
By: via Malaysian Palm Oil Council Russia
понедельник, 28 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises for second day, tracks rival oils
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian palm oil futures rose for a second day on Tuesday, tracking strength in edible oils on Dalian and Chicago exchanges, with hopes of improving exports lifting prices further.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.33%, to 4,195 ringgit ($931.81) a tonne during early trade.
FUNDAMENTALS
Fundamentals remain bullish with prospects of higher exports and lower output, Refinitiv Agriculture Research said in note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 gained 3.7%. Soyoil prices on the Chicago Board of Trade BOcv1 extended a 2% overnight jump.
Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows.
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 4,079-4,176 ringgit a tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian palm oil futures rose for a second day on Tuesday, tracking strength in edible oils on Dalian and Chicago exchanges, with hopes of improving exports lifting prices further.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.33%, to 4,195 ringgit ($931.81) a tonne during early trade.
FUNDAMENTALS
Fundamentals remain bullish with prospects of higher exports and lower output, Refinitiv Agriculture Research said in note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 gained 3.7%. Soyoil prices on the Chicago Board of Trade BOcv1 extended a 2% overnight jump.
Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows.
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 4,079-4,176 ringgit a tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Hypocritical to disallow palm oil for sustainable aviation fuel
https://mpoc.org.my/hypocritical-to-disallow-palm-oil-for-sustainable-aviation-fuel/
LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the aviation industry is coping with the demand to decarbonise. Increasingly, the industry […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/hypocritical-to-disallow-palm-oil-for-sustainable-aviation-fuel/
LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the aviation industry is coping with the demand to decarbonise. Increasingly, the industry […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Экспорт пальмового масла из Индонезии снижается? подталкивая цены вверх. В результате активного экспорта и внутреннего потребления запасы масла в Индонезии резко сократились. Продолжающиеся осадки в некоторых частях ЮВА сильно замедлили сбор урожая во время низкого сезона - Oil World
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
пятница, 25 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
"AAK strengthens its position in southeast India by acquiring Arani Agro Oil - AAK AB"
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
четверг, 24 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm oil slumps as Malaysian ringgit surges
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
By: via Malaysian Palm Oil Council Russia
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Инфляция в РФ с 15 по 21 ноября составила 0,11%, годовая замедлилась до 12,3%
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
By: via Malaysian Palm Oil Council Russia
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Украина экспортировала через «зерновой коридор» на $3,5 млрд.
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
By: via Malaysian Palm Oil Council Russia
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises on exports data expectations, set for weekly gains
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Власти Китая приняли решение снова ввести карантин по COVID в столице страны городе Пекине.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
среда, 23 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
The 2022 Sustainable Palm Oil Dialogue – a recap
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
By: via Malaysian Palm Oil Council Russia
вторник, 22 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
CPO prices to be supported at current levels in near term, say analysts
https://mpoc.org.my/cpo-prices-to-be-supported-at-current-levels-in-near-term-say-analysts/
ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy. Bloomberg data shows that CPO prices, which […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-prices-to-be-supported-at-current-levels-in-near-term-say-analysts/
ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy. Bloomberg data shows that CPO prices, which […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises for third day as related edible oils, crude gain
JAKARTA, Nov 23 (Reuters) - Malaysian palm oil futures rose for a third straight session on Wednesday, tracking gains in related oils on the Dalian exchange and crude oil prices, while the ringgit remain soft.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.20% to 4,052 ringgit per tonne in early trade, extending a 4.19% gains over the previous two sessions.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 0.22% higher, while its palm oil contract DCPv1 rose 1.44%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, which the palm benchmark contract is traded in, see-sawed on Tuesday and was little changed in early Wednesday trade, as a political deadlock in the country extended after the election on Saturday resulted in a hung parliament.
Palm oil may test a support at 3,922 ringgit a tonne, a break below which could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices rose in early trade, after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil.
Asian share markets were mostly in positive territory despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world's second-largest economy.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Nov 23 (Reuters) - Malaysian palm oil futures rose for a third straight session on Wednesday, tracking gains in related oils on the Dalian exchange and crude oil prices, while the ringgit remain soft.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.20% to 4,052 ringgit per tonne in early trade, extending a 4.19% gains over the previous two sessions.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 0.22% higher, while its palm oil contract DCPv1 rose 1.44%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, which the palm benchmark contract is traded in, see-sawed on Tuesday and was little changed in early Wednesday trade, as a political deadlock in the country extended after the election on Saturday resulted in a hung parliament.
Palm oil may test a support at 3,922 ringgit a tonne, a break below which could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices rose in early trade, after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil.
Asian share markets were mostly in positive territory despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world's second-largest economy.
By: via Malaysian Palm Oil Council Russia
понедельник, 21 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat firms on U.S. winter crop concerns, Black Sea supplies weigh
SINGAPORE, Nov 22 (Reuters) - Chicago wheat edged higher on Tuesday, as concerns over dryness across the U.S. winter crop regions underpinned the market, although ample supplies from the Black Sea region limited gains.
Soybeans slid on concerns over demand from top importer China, which is facing rising number of COVID-19 cases.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.1% to $8.18-3/4 a bushel, as of 0108 GMT. Soybeans Sv1 lost 0.2% to $14.34-1/2 a bushel and corn Cv1 gained 0.1% at $6.60 a bushel.
The U.S. Department of Agriculture on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week, while analysts on average had expected a 1-point improvement.
The wheat ratings are the lowest for this time of year in USDA records dating to 1986. A year ago, 44% of the winter wheat crop was rated good to excellent.
The newly planted crop has struggled with dry conditions as 75% of the U.S. winter wheat production area is experiencing drought, according to the government.
Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday.
Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note.
Tightened COVID-19 rules in China fuelled worries over the global economic outlook and demand for commodities. Beijing warned it was facing its most severe test of the coronavirus pandemic.
Traders also worried about a potential year-end U.S. rail strike, after workers at the largest rail union voted against a tentative contract deal reached in September.
Winter crops in most of Europe were off to a good start, helped by historically warm weather and sufficient moisture, but a lack of rain is prompting concern in the southern region, the European Union's crop monitor MARS said on Monday.
Commodity funds were net buyers of CBOT soybean, soymeal and soyoil futures contracts on Monday and net sellers of corn and wheat futures, traders said.
MARKET NEWS
Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world's second-largest economy to reinstate lockdowns, triggering worries over the economy.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Nov 22 (Reuters) - Chicago wheat edged higher on Tuesday, as concerns over dryness across the U.S. winter crop regions underpinned the market, although ample supplies from the Black Sea region limited gains.
Soybeans slid on concerns over demand from top importer China, which is facing rising number of COVID-19 cases.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.1% to $8.18-3/4 a bushel, as of 0108 GMT. Soybeans Sv1 lost 0.2% to $14.34-1/2 a bushel and corn Cv1 gained 0.1% at $6.60 a bushel.
The U.S. Department of Agriculture on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week, while analysts on average had expected a 1-point improvement.
The wheat ratings are the lowest for this time of year in USDA records dating to 1986. A year ago, 44% of the winter wheat crop was rated good to excellent.
The newly planted crop has struggled with dry conditions as 75% of the U.S. winter wheat production area is experiencing drought, according to the government.
Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday.
Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note.
Tightened COVID-19 rules in China fuelled worries over the global economic outlook and demand for commodities. Beijing warned it was facing its most severe test of the coronavirus pandemic.
Traders also worried about a potential year-end U.S. rail strike, after workers at the largest rail union voted against a tentative contract deal reached in September.
Winter crops in most of Europe were off to a good start, helped by historically warm weather and sufficient moisture, but a lack of rain is prompting concern in the southern region, the European Union's crop monitor MARS said on Monday.
Commodity funds were net buyers of CBOT soybean, soymeal and soyoil futures contracts on Monday and net sellers of corn and wheat futures, traders said.
MARKET NEWS
Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world's second-largest economy to reinstate lockdowns, triggering worries over the economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm buoyed by upbeat export data, soft ringgit
JAKARTA, Nov 22 (Reuters) - Malaysian palm oil futures rose on Tuesday, extending a rebound from over a one-month low, as firm exports data and soft ringgit boosted prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.95% to 3,930 ringgit ($859.02) per tonne in early trade. The contract a day earlier hit its lowest level since Oct. 17.
FUNDAMENTALS
Exports of Malaysian palm oil products in Nov. 1-20 rose 8.1% from a month earlier, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Over the weekeend, cargo surveyor Intertek Testing Services said exports in Nov. 1-20 rose 9.6% compared to the same period a month earlier, while independent inspection company AmSpec Agri Malaysia reported a 2.9% increase.
The Malaysian ringgit MYR=, in which the palm benchmark is traded, fell as much as 0.7% against the U.S. dollar on Monday after a general election resulted in a hung parliament, making the edible oil cheaper for holders of foreign currencies. It traded sideways on Tuesday.
Dalian's most-active soyoil contract DBYv1 fell 0.64%, while its palm oil contract DCPv1 rose 1.05%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Shares in the Asia Pacific fell on Tuesday's early trading as the worsening COVID-19 resurgence in China deepened concerns over supply chain disruption and Beijing's slapping strict curbs back again.
Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Nov 22 (Reuters) - Malaysian palm oil futures rose on Tuesday, extending a rebound from over a one-month low, as firm exports data and soft ringgit boosted prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.95% to 3,930 ringgit ($859.02) per tonne in early trade. The contract a day earlier hit its lowest level since Oct. 17.
FUNDAMENTALS
Exports of Malaysian palm oil products in Nov. 1-20 rose 8.1% from a month earlier, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Over the weekeend, cargo surveyor Intertek Testing Services said exports in Nov. 1-20 rose 9.6% compared to the same period a month earlier, while independent inspection company AmSpec Agri Malaysia reported a 2.9% increase.
The Malaysian ringgit MYR=, in which the palm benchmark is traded, fell as much as 0.7% against the U.S. dollar on Monday after a general election resulted in a hung parliament, making the edible oil cheaper for holders of foreign currencies. It traded sideways on Tuesday.
Dalian's most-active soyoil contract DBYv1 fell 0.64%, while its palm oil contract DCPv1 rose 1.05%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Shares in the Asia Pacific fell on Tuesday's early trading as the worsening COVID-19 resurgence in China deepened concerns over supply chain disruption and Beijing's slapping strict curbs back again.
Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
В Россию запретят ввозить семена подсолнечника компании Syngenta из Испании и Франции
Россельхознадзор с 21 ноября запрещает поставки семян подсолнечника компаний Syngenta Espana S.A. и Syngenta France SAS, сообщило ведомство. В этих семенах обнаружен грибок фомопсис подсолнечника, карантинный объект для России и ЕАЭС, объяснили в ведомстве.
By: via Malaysian Palm Oil Council Russia
Россельхознадзор с 21 ноября запрещает поставки семян подсолнечника компаний Syngenta Espana S.A. и Syngenta France SAS, сообщило ведомство. В этих семенах обнаружен грибок фомопсис подсолнечника, карантинный объект для России и ЕАЭС, объяснили в ведомстве.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures likely to trade on a slightly upward bias next week
https://mpoc.org.my/cpo-futures-likely-to-trade-on-a-slightly-upward-bias-next-week/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng. He said Malaysian palm oil export data (November) are expected to be released by […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-likely-to-trade-on-a-slightly-upward-bias-next-week/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng. He said Malaysian palm oil export data (November) are expected to be released by […]
By: via Malaysian Palm Oil Council Russia
среда, 16 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Lower CPO prices likely to affect sector results
https://mpoc.org.my/lower-cpo-prices-likely-to-affect-sector-results/
PETALING JAYA: Beseiged by the lower crude palm oil (CPO) prices, most planters will likely register weaker performances for both quarter-to-quarter (q-o-q) and year-on-year (y-o-y) in their upcoming results to be announced, from next week. According to Hong Leong Investment Bank (HLIB) Research, most plantation companies under its coverage are expected to post a y-o-y […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/lower-cpo-prices-likely-to-affect-sector-results/
PETALING JAYA: Beseiged by the lower crude palm oil (CPO) prices, most planters will likely register weaker performances for both quarter-to-quarter (q-o-q) and year-on-year (y-o-y) in their upcoming results to be announced, from next week. According to Hong Leong Investment Bank (HLIB) Research, most plantation companies under its coverage are expected to post a y-o-y […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm hits one-month low on soy, crude weakness
KUALA LUMPUR, Nov 17 (Reuters) - Malaysian palm oil futures fell to a one-month low on Thursday, as traders adjusted positions ahead of a long holiday weekend, while weakness in rival soy oil and crude futures also weighed on the market.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 124 ringgit, or 3.11%, to 3,897 ringgit ($856.48) a tonne in early trade, down for a fourth consecutive session. For the week, it has declined 9.5% so far.
Malaysia's financial markets will be closed on Friday for a public holiday, a day before the country holds a general election.
FUNDAMENTALS
Oil prices fell for a second straight day as concerns over geopolitical tensions eased, making palm a less attractive option for biodiesel feedstock.
Rising coronavirus infections in China, which is still following a strict zero-COVID policy, added to concerns over demand for edible oil and crude.
Dalian's most-active soyoil contract DBYcv1 fell 1.3%, while its palm oil contract DCPcv1 eased 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%, extending an overnight plunge as the contract retreated from a five-month high set last week.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks were mixed while the U.S. dollar stabilised and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 17 (Reuters) - Malaysian palm oil futures fell to a one-month low on Thursday, as traders adjusted positions ahead of a long holiday weekend, while weakness in rival soy oil and crude futures also weighed on the market.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 124 ringgit, or 3.11%, to 3,897 ringgit ($856.48) a tonne in early trade, down for a fourth consecutive session. For the week, it has declined 9.5% so far.
Malaysia's financial markets will be closed on Friday for a public holiday, a day before the country holds a general election.
FUNDAMENTALS
Oil prices fell for a second straight day as concerns over geopolitical tensions eased, making palm a less attractive option for biodiesel feedstock.
Rising coronavirus infections in China, which is still following a strict zero-COVID policy, added to concerns over demand for edible oil and crude.
Dalian's most-active soyoil contract DBYcv1 fell 1.3%, while its palm oil contract DCPcv1 eased 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%, extending an overnight plunge as the contract retreated from a five-month high set last week.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks were mixed while the U.S. dollar stabilised and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.
By: via Malaysian Palm Oil Council Russia
вторник, 15 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
MPOC urges EU to recognise Malaysian Sustainable Palm Oil standards
https://mpoc.org.my/mpoc-urges-eu-to-recognise-malaysian-sustainable-palm-oil-standards/
KUALA LUMPUR (Nov 16): The Malaysian Palm Oil Council (MPOC) has welcome the European Union’s (EU) Deforestation Regulation, aimed at stemming the importation of commodities including beef, cocoa, palm oil and soy into the EU market which may cause deforestation in producer countries. The EU has published its Draft European Parliament Legislative Resolution on the […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpoc-urges-eu-to-recognise-malaysian-sustainable-palm-oil-standards/
KUALA LUMPUR (Nov 16): The Malaysian Palm Oil Council (MPOC) has welcome the European Union’s (EU) Deforestation Regulation, aimed at stemming the importation of commodities including beef, cocoa, palm oil and soy into the EU market which may cause deforestation in producer countries. The EU has published its Draft European Parliament Legislative Resolution on the […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil steady as higher stocks offset rising exports
MUMBAI, Nov 16 (Reuters) - Malaysian palm oil futures were little changed on Wednesday morning, trading near their lowest level in more than two weeks as higher stocks offset rising exports and concerns over production.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 1 ringgit, or 0.02%, to 4,067 Malaysian ringgit ($898.78) a tonne during early trade.
FUNDAMENTALS
Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed on Friday.
Exports from Malaysia, the world's second-largest producer, rose between 10.7% and 12.7% in the Nov. 1-15 period, compared to the same weeks in October, cargo surveyors data showed.
Disruptions to palm oil supplies because of tropical storms in top producers Indonesia and Malaysia are expected to continue into the first quarter of 2023, keeping prices strong, the Malaysian Palm Oil Board (MPOB) said on Monday.
India raised the base import prices of crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market.
MARKET NEWS
Asian stocks dropped and the dollar gained on Wednesday after blasts in Poland that Ukraine and Polish authorities said were caused by Russian-made missiles.
By: via Malaysian Palm Oil Council Russia
MUMBAI, Nov 16 (Reuters) - Malaysian palm oil futures were little changed on Wednesday morning, trading near their lowest level in more than two weeks as higher stocks offset rising exports and concerns over production.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 1 ringgit, or 0.02%, to 4,067 Malaysian ringgit ($898.78) a tonne during early trade.
FUNDAMENTALS
Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed on Friday.
Exports from Malaysia, the world's second-largest producer, rose between 10.7% and 12.7% in the Nov. 1-15 period, compared to the same weeks in October, cargo surveyors data showed.
Disruptions to palm oil supplies because of tropical storms in top producers Indonesia and Malaysia are expected to continue into the first quarter of 2023, keeping prices strong, the Malaysian Palm Oil Board (MPOB) said on Monday.
India raised the base import prices of crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market.
MARKET NEWS
Asian stocks dropped and the dollar gained on Wednesday after blasts in Poland that Ukraine and Polish authorities said were caused by Russian-made missiles.
By: via Malaysian Palm Oil Council Russia
понедельник, 14 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil firms on weather worries, stronger ringgit caps gains
KUALA LUMPUR, Nov 15 (Reuters) - Malaysian palm oil futures rebounded on Tuesday, supported by concerns over stormy weather hurting output, although gains were capped by a stronger ringgit that sparked heavy losses in the previous session.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 52 ringgit, or 1.26%, to 4,164 ringgit ($907.39) a tonne during early trade.
FUNDAMENTALS
The ringgit MYR=, palm's currency of trade, rose for a third day against the dollar, making the commodity more expensive for holders of other currencies.
Disruptions to palm oil supplies because of tropical storms in top producers Indonesia and Malaysia are expected to continue into the first quarter of 2023, keeping prices strong, the Malaysian Palm Oil Board (MPOB) said on Monday.
MPOB warned of a tough 2023 for the market, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.
India's palm oil imports in 2021/22 fell 4.8% from a year earlier as overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of palm oil, a trade body said on Monday.
Dalian's most-active soyoil contract DBYcv1 fell 0.8%, while its palm oil contract DCPcv1 was down 2.3%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 15 (Reuters) - Malaysian palm oil futures rebounded on Tuesday, supported by concerns over stormy weather hurting output, although gains were capped by a stronger ringgit that sparked heavy losses in the previous session.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 52 ringgit, or 1.26%, to 4,164 ringgit ($907.39) a tonne during early trade.
FUNDAMENTALS
The ringgit MYR=, palm's currency of trade, rose for a third day against the dollar, making the commodity more expensive for holders of other currencies.
Disruptions to palm oil supplies because of tropical storms in top producers Indonesia and Malaysia are expected to continue into the first quarter of 2023, keeping prices strong, the Malaysian Palm Oil Board (MPOB) said on Monday.
MPOB warned of a tough 2023 for the market, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.
India's palm oil imports in 2021/22 fell 4.8% from a year earlier as overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of palm oil, a trade body said on Monday.
Dalian's most-active soyoil contract DBYcv1 fell 0.8%, while its palm oil contract DCPcv1 was down 2.3%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.
By: via Malaysian Palm Oil Council Russia
воскресенье, 13 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
REUTERS: Пальмовое масло дорожает благодаря экспорту и повышению налогов в Индонезии
Фьючерсы на малайзийское пальмовое масло укрепились благодаря резкому росту экспорта в начале ноября и решению властей Индонезии поднять базовую цену.
После снижения в течение трех сессий подряд эталонный контракт на пальмовое масло FCPOc3 с поставкой в январе на бирже деривативов Bursa Malaysia вырос на 35 ринггитов, или 0,84%, до 4213 ринггитов (908,17 долларов США) за тонну к полуденному перерыву.
За неделю пальма подешевела на 3,5%.
By: via Malaysian Palm Oil Council Russia
Фьючерсы на малайзийское пальмовое масло укрепились благодаря резкому росту экспорта в начале ноября и решению властей Индонезии поднять базовую цену.
После снижения в течение трех сессий подряд эталонный контракт на пальмовое масло FCPOc3 с поставкой в январе на бирже деривативов Bursa Malaysia вырос на 35 ринггитов, или 0,84%, до 4213 ринггитов (908,17 долларов США) за тонну к полуденному перерыву.
За неделю пальма подешевела на 3,5%.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
The Guardian: Replace animal farms with micro-organism tanks, say campaigners.
https://www.theguardian.com/environment/2022/nov/12/replace-animal-farms-micro-organism-rewilding-food-precision-fermentation-emissions
By: via Malaysian Palm Oil Council Russia
https://www.theguardian.com/environment/2022/nov/12/replace-animal-farms-micro-organism-rewilding-food-precision-fermentation-emissions
By: via Malaysian Palm Oil Council Russia
пятница, 11 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Indonesia to sell 2.5 million tonnes of palm oil to China - Reuters News
11-Nov-2022 06:01:20 PM
JAKARTA, Nov 11 (Reuters) - Nine Indonesian companies on Friday signed contracts to sell 2.5 million tonnes of palm oil products valued at $2.6 billion to 13 Chinese buyers, the Indonesian trade ministry said in a statement.
The deal was a follow up from President Joko Widodo's state visit to China in July. The Indonesian government initially said China had committed to import an additional 1 million tonnes of Indonesian crude palm oil.
It was unclear over what period of time the deal would be executed.
Indonesia exported 6.6 million tonnes of palm oil products to China in 2021, the trade ministry said.
Indonesian trade minister Zulkifli Hasan said exports to China would not disrupt domestic cooking oil supply as the government has mandated exporters to supply the domestic market to obtain export permits.
"Domestic market obligations and domestic price obligations for cooking oil producers and the crude palm oil industry are still in place to ensure a stable supply of cooking oil raw materials," Zulkifli said in the statement.
The world's top palm oil exporter Indonesia banned the export of palm oil for three weeks starting in late April to rein in rising cooking oil prices which led to a problematic inventory glut.
Jakarta has waived the levy since mid July to encourage exports, but may introduce back the levy in second half of November.
By: via Malaysian Palm Oil Council Russia
11-Nov-2022 06:01:20 PM
JAKARTA, Nov 11 (Reuters) - Nine Indonesian companies on Friday signed contracts to sell 2.5 million tonnes of palm oil products valued at $2.6 billion to 13 Chinese buyers, the Indonesian trade ministry said in a statement.
The deal was a follow up from President Joko Widodo's state visit to China in July. The Indonesian government initially said China had committed to import an additional 1 million tonnes of Indonesian crude palm oil.
It was unclear over what period of time the deal would be executed.
Indonesia exported 6.6 million tonnes of palm oil products to China in 2021, the trade ministry said.
Indonesian trade minister Zulkifli Hasan said exports to China would not disrupt domestic cooking oil supply as the government has mandated exporters to supply the domestic market to obtain export permits.
"Domestic market obligations and domestic price obligations for cooking oil producers and the crude palm oil industry are still in place to ensure a stable supply of cooking oil raw materials," Zulkifli said in the statement.
The world's top palm oil exporter Indonesia banned the export of palm oil for three weeks starting in late April to rein in rising cooking oil prices which led to a problematic inventory glut.
Jakarta has waived the levy since mid July to encourage exports, but may introduce back the levy in second half of November.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
The Malaysian Sustainable Palm Oil (MSPO), the national scheme for oil palm plantations, independent and organised smallholdings, and palm oil processing facilities in Malaysia, was made mandatory from 2020 with the aim of aligning the management of palm oil production with existing national laws and regulations.
Let’s watch a brief interview with Dr. Law Chu Chien from the 7th International Palm Oil Sustainability Conference (IPOSC 2022), on the sustainability issues that are currently faced by the industry.
http://ow.ly/njqc50LAGCa
By: via Malaysian Palm Oil Council Russia
Let’s watch a brief interview with Dr. Law Chu Chien from the 7th International Palm Oil Sustainability Conference (IPOSC 2022), on the sustainability issues that are currently faced by the industry.
http://ow.ly/njqc50LAGCa
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Запасы пальмового масла останутся на высоком уровне до конца года
Аналитик RHB Group Research Хо Ли Ленг сохраняет «нейтральный» рейтинг в отношении плантационного сектора. По ее мнению высокий уровень запасов сохранится до конца года, что будет сдерживать цены на сырое пальмовое масло (CPO). В своей заметке от 11 ноября Хо отмечает, что производство пальмового масла в Малайзии выросло на 2,4% м/м в октябре. Запасы выросли на 3,7% м/м до 2,4 млн тонн, несмотря на рост экспорта на 5,7%. «Приток небольшого количества иностранных рабочих не помогает уменьшить значительную нехватку рабочей силы», — говорит Хо
By: via Malaysian Palm Oil Council Russia
Аналитик RHB Group Research Хо Ли Ленг сохраняет «нейтральный» рейтинг в отношении плантационного сектора. По ее мнению высокий уровень запасов сохранится до конца года, что будет сдерживать цены на сырое пальмовое масло (CPO). В своей заметке от 11 ноября Хо отмечает, что производство пальмового масла в Малайзии выросло на 2,4% м/м в октябре. Запасы выросли на 3,7% м/м до 2,4 млн тонн, несмотря на рост экспорта на 5,7%. «Приток небольшого количества иностранных рабочих не помогает уменьшить значительную нехватку рабочей силы», — говорит Хо
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Национальная комиссия здравоохранения Китая объявила о смягчении ограничений по COVID-19 в стране. На фоне этого фондовые индексы пошли вверх: рынок ожидал отмены ограничений, сковывающих логистику и экономическую активность в стране.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
четверг, 10 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm Oil is expected to trade at 4000.85 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3513.28 in 12 months time.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Обзор USDA ноябрь 2022
Экспорт пальмового масла из Малайзии достиг своего пика в 2018/19 году, но с тех пор снизился на 15 процентов до 15,5 млн. 2021/22. Мировой спрос на импорт снизился в 2021/22 году из-за более слабого экономического роста и очень высоких цен на растительное масло. Кроме того, привлечение иностранной рабочей силы для выращивания и сбора урожая в Малайзия стало проблемой из-за ограничений COVID-19. Несмотря на понижательное давление, с которым столкнулась мировая торговля пальмовым маслом в 2021/22 году, Малайзия увеличила глобальную долю рынка, компенсируя более слабый экспорт Индонезии. В то время как экспорт, по прогнозам, увеличится в 2022/23 году, ождается что доля Малайзия снизится из-за усиления конкуренции со стороны Индонезии.
By: via Malaysian Palm Oil Council Russia
Экспорт пальмового масла из Малайзии достиг своего пика в 2018/19 году, но с тех пор снизился на 15 процентов до 15,5 млн. 2021/22. Мировой спрос на импорт снизился в 2021/22 году из-за более слабого экономического роста и очень высоких цен на растительное масло. Кроме того, привлечение иностранной рабочей силы для выращивания и сбора урожая в Малайзия стало проблемой из-за ограничений COVID-19. Несмотря на понижательное давление, с которым столкнулась мировая торговля пальмовым маслом в 2021/22 году, Малайзия увеличила глобальную долю рынка, компенсируя более слабый экспорт Индонезии. В то время как экспорт, по прогнозам, увеличится в 2022/23 году, ождается что доля Малайзия снизится из-за усиления конкуренции со стороны Индонезии.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia palm oil exports peaked in 2018/19, but have since declined 15 percent to 15.5 million in 2021/22. For one, global import demand was down in 2021/22 owing to weaker economic growth and extremely high vegetable oil prices. Additionally, sourcing foreign labor for palm oil cultivation in Malaysia has been a challenge due to COVID-19 restrictions. Despite the downward pressures facing global palm oil trade in 2021/22, Malaysia increased global market share, backfilling weaker Indonesia exports. While exports are forecast up in 2022/23, Malaysia market share is expected to decline on increased competition from Indonesia.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
среда, 9 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil falls to 10-day low as China's COVID policy weighs
KUALA LUMPUR, Nov 10 (Reuters) - Malaysian palm oil futures fell on Thursday for a third straight session, hitting a 10-day low, tracking losses in rival edible oils as China's stringent COVID-19 policies hurt demand.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange slid 77 ringgit, or 1.83%, to 4,121 ringgit ($875.88) a tonne during early trade, its lowest since Nov. 1.
FUNDAMENTALS
Traders are awaiting data from the Malaysian Palm Oil Board due later in the day, with expectations of higher end-October inventories.
Malaysia's stocks at end-October likely rose to a 3-1/2-year high as production improved while imports slumped, a Reuters survey showed.
China's commitment to its zero-COVID policy has weighed on demand and capped edible oil prices. Dalian's most-active soyoil contract DBYcv1 fell 2.2%, while its palm oil contract DCPcv1 slipped 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.1%.
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 retest a support at 4,177 ringgit a tonne, a break below could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 10 (Reuters) - Malaysian palm oil futures fell on Thursday for a third straight session, hitting a 10-day low, tracking losses in rival edible oils as China's stringent COVID-19 policies hurt demand.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange slid 77 ringgit, or 1.83%, to 4,121 ringgit ($875.88) a tonne during early trade, its lowest since Nov. 1.
FUNDAMENTALS
Traders are awaiting data from the Malaysian Palm Oil Board due later in the day, with expectations of higher end-October inventories.
Malaysia's stocks at end-October likely rose to a 3-1/2-year high as production improved while imports slumped, a Reuters survey showed.
China's commitment to its zero-COVID policy has weighed on demand and capped edible oil prices. Dalian's most-active soyoil contract DBYcv1 fell 2.2%, while its palm oil contract DCPcv1 slipped 3.1%.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.1%.
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 retest a support at 4,177 ringgit a tonne, a break below could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil extends losses on slowing Chinese consumption
https://mpoc.org.my/vegoils-palm-oil-extends-losses-on-slowing-chinese-consumption/
SINGAPORE, Nov 9 (Reuters) – Malaysian palm oil futures lost ground on Wednesday, with restrictions related to the COVID-19 pandemic reducing demand in China, one of the world’s top importers of the tropical product. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange lost 65 ringgit, or 1.5%, to 4,296 ringgit ($909.40) a […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/vegoils-palm-oil-extends-losses-on-slowing-chinese-consumption/
SINGAPORE, Nov 9 (Reuters) – Malaysian palm oil futures lost ground on Wednesday, with restrictions related to the COVID-19 pandemic reducing demand in China, one of the world’s top importers of the tropical product. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange lost 65 ringgit, or 1.5%, to 4,296 ringgit ($909.40) a […]
By: via Malaysian Palm Oil Council Russia
вторник, 8 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Cooking Oils and Fats Market Segmentation in South America
https://mpoc.org.my/cooking-oils-and-fats-market-segmentation-in-south-america/
Market Snapshot South America is one of the key global producers of edible oils. Indeed, a significant number of its exports are integral to the continent’s production, from foodstuffs to raw materials. South American countries, particularly Brazil are major exporters of soybean while Argentina is the top exporter of soybean oil. Colombia leads the palm […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cooking-oils-and-fats-market-segmentation-in-south-america/
Market Snapshot South America is one of the key global producers of edible oils. Indeed, a significant number of its exports are integral to the continent’s production, from foodstuffs to raw materials. South American countries, particularly Brazil are major exporters of soybean while Argentina is the top exporter of soybean oil. Colombia leads the palm […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO prices expected to remain bullish
https://mpoc.org.my/cpo-prices-expected-to-remain-bullish/
PETALING JAYA: Despite the threat of a recession in major economies next year, crude palm oil (CPO) prices are expected to remain supported in the quarters ahead backed by factors like market access of rival edible oils from the Russia-Ukraine war region, Indonesia’s export policies as well as issues like fertiliser availability, labour shortages, and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-prices-expected-to-remain-bullish/
PETALING JAYA: Despite the threat of a recession in major economies next year, crude palm oil (CPO) prices are expected to remain supported in the quarters ahead backed by factors like market access of rival edible oils from the Russia-Ukraine war region, Indonesia’s export policies as well as issues like fertiliser availability, labour shortages, and […]
By: via Malaysian Palm Oil Council Russia
понедельник, 7 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Survey sees M’sian palm oil stock at 2.49 million tonnes at end-October, highest since April 2019
https://mpoc.org.my/survey-sees-msian-palm-oil-stock-at-2-49-million-tonnes-at-end-october-highest-since-april-2019/
KUALA LUMPUR (Nov 7): Malaysia’s palm oil inventory likely grew 7.5% month-on-month (m-o-m) to 2.49 million tonnes at end-October, its highest level since April 2019, due to recovering output. According to CGS-CIMB Securities Sdn Bhd’s Ivy Ng Lee Fang on Monday (Nov 7), a survey of planters by the CGS-CIMB Futures team found that Malaysia’s […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/survey-sees-msian-palm-oil-stock-at-2-49-million-tonnes-at-end-october-highest-since-april-2019/
KUALA LUMPUR (Nov 7): Malaysia’s palm oil inventory likely grew 7.5% month-on-month (m-o-m) to 2.49 million tonnes at end-October, its highest level since April 2019, due to recovering output. According to CGS-CIMB Securities Sdn Bhd’s Ivy Ng Lee Fang on Monday (Nov 7), a survey of planters by the CGS-CIMB Futures team found that Malaysia’s […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil falls 1.6% on Chinese demand concerns
SINGAPORE, Nov 8 (Reuters) - Malaysian palm oil futures slid more than 1% on Tuesday, falling for the first time in three sessions, on concerns over twepid demand in key consumer China amid COVID-19 restrictions.
The benchmark palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.6%, to 4,361 ringgit ($920.24) a tonne in early trade.
FUNDAMENTALS
The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said at a conference on Friday.
China will persevere with its "dynamic-clearing" approach to COVID-19 cases as soon as they emerge, health officials said on Saturday, adding that measures must be implemented more precisely and meet the needs of vulnerable people.
China reported 7,691 new COVID-19 infections on Nov. 7, of which 890 were symptomatic and 6,801 were asymptomatic, the National Health Commission said on Tuesday.
Malaysia's benchmark palm oil contract is expected to trade between 3,500 ringgit and 4,500 ringgit per tonne until the end of next March, leading industry analyst Dorab Mistry said.
Palm oil may test a support at 4,311 ringgit a tonne, a break below could open the way towards 4,220 ringgit-4,264 ringgit range, according to Wang Tao, a Reuters analyst for commodities technicals.
In related edible oils, Dalian's most-active soyoil contract DBYcv1 lost 1.3%, while its palm oil contract DCPcv1 gave up 0.4%.
MARKET NEWS
Equity markets rose and the dollar slid on Monday as investors embraced the idea that China may ease COVID-19 restrictions and burnished hopes the U.S. economy is slowing enough to allow the Federal Reserve to ease its aggressive hiking of interest rates.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Nov 8 (Reuters) - Malaysian palm oil futures slid more than 1% on Tuesday, falling for the first time in three sessions, on concerns over twepid demand in key consumer China amid COVID-19 restrictions.
The benchmark palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.6%, to 4,361 ringgit ($920.24) a tonne in early trade.
FUNDAMENTALS
The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said at a conference on Friday.
China will persevere with its "dynamic-clearing" approach to COVID-19 cases as soon as they emerge, health officials said on Saturday, adding that measures must be implemented more precisely and meet the needs of vulnerable people.
China reported 7,691 new COVID-19 infections on Nov. 7, of which 890 were symptomatic and 6,801 were asymptomatic, the National Health Commission said on Tuesday.
Malaysia's benchmark palm oil contract is expected to trade between 3,500 ringgit and 4,500 ringgit per tonne until the end of next March, leading industry analyst Dorab Mistry said.
Palm oil may test a support at 4,311 ringgit a tonne, a break below could open the way towards 4,220 ringgit-4,264 ringgit range, according to Wang Tao, a Reuters analyst for commodities technicals.
In related edible oils, Dalian's most-active soyoil contract DBYcv1 lost 1.3%, while its palm oil contract DCPcv1 gave up 0.4%.
MARKET NEWS
Equity markets rose and the dollar slid on Monday as investors embraced the idea that China may ease COVID-19 restrictions and burnished hopes the U.S. economy is slowing enough to allow the Federal Reserve to ease its aggressive hiking of interest rates.
By: via Malaysian Palm Oil Council Russia
воскресенье, 6 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil eases as China sticks to pandemic restrictions
SINGAPORE, Nov 7 (Reuters) - Malaysian palm oil futures slid on Monday, giving up some of last week's strong gains, as leading buyer China denied it was considering easing its zero COVID-19 policy.
The benchmark palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange lost 19 ringgit, or 0.4%, to 4,348 ringgit a tonne in early trade. The contract climbed more than 9% last week.
FUNDAMENTALS
China reported its highest number of new COVID-19 infections in six months on Sunday, a day after health officials said they were sticking with strict coronavirus curbs, likely disappointing recent investor hopes for an easing.
The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said at an industry conference on Friday.
Malaysia's benchmark palm oil contract is expected to trade between 3,500-4,500 ringgit per tonne until the end of March next year, leading industry analyst Dorab Mistry said.
Thomas Mielke, head of Hamburg-based analyst firm Oil World, said global palm oil output is seen rising by 2.9 million tonnes in the 2022/23 season, but noted output yield has been on a downtrend in recent years, which he said was "alarming".
Malaysia's palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday.
Stockpiles were pegged to rise 9.3% from September to 2.53 million tonnes, its largest since April 2019, according to the median estimate of eight traders and analysts polled by Reuters.
Indonesia's palm oil and kernel oil production is expected to edge down to 51.3 million tonnes this year, from 51.6 million tonnes in 2021, an Indonesia Palm Oil Association (GAPKI) executive told an industry conference on Friday.
In related edible oils, Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 gave up 1.4%.
Palm oil may retest a support at 4,264 ringgit a tonne, a break below which could open the way towards a 4,072-4,135-ringgit range, according to Wang Tao, a Reuters technicals analyst for commodities and energy.
MARKET NEWS
U.S. stock futures slipped in Asia, after Beijing denied it was considering easing its zero COVID-19 policy, helping the dollar recover some losses while dealing a setback to oil and commodities.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Nov 7 (Reuters) - Malaysian palm oil futures slid on Monday, giving up some of last week's strong gains, as leading buyer China denied it was considering easing its zero COVID-19 policy.
The benchmark palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange lost 19 ringgit, or 0.4%, to 4,348 ringgit a tonne in early trade. The contract climbed more than 9% last week.
FUNDAMENTALS
China reported its highest number of new COVID-19 infections in six months on Sunday, a day after health officials said they were sticking with strict coronavirus curbs, likely disappointing recent investor hopes for an easing.
The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said at an industry conference on Friday.
Malaysia's benchmark palm oil contract is expected to trade between 3,500-4,500 ringgit per tonne until the end of March next year, leading industry analyst Dorab Mistry said.
Thomas Mielke, head of Hamburg-based analyst firm Oil World, said global palm oil output is seen rising by 2.9 million tonnes in the 2022/23 season, but noted output yield has been on a downtrend in recent years, which he said was "alarming".
Malaysia's palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday.
Stockpiles were pegged to rise 9.3% from September to 2.53 million tonnes, its largest since April 2019, according to the median estimate of eight traders and analysts polled by Reuters.
Indonesia's palm oil and kernel oil production is expected to edge down to 51.3 million tonnes this year, from 51.6 million tonnes in 2021, an Indonesia Palm Oil Association (GAPKI) executive told an industry conference on Friday.
In related edible oils, Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 gave up 1.4%.
Palm oil may retest a support at 4,264 ringgit a tonne, a break below which could open the way towards a 4,072-4,135-ringgit range, according to Wang Tao, a Reuters technicals analyst for commodities and energy.
MARKET NEWS
U.S. stock futures slipped in Asia, after Beijing denied it was considering easing its zero COVID-19 policy, helping the dollar recover some losses while dealing a setback to oil and commodities.
By: via Malaysian Palm Oil Council Russia
четверг, 3 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil set for 10% weekly climb as ringgit weakens
KUALA LUMPUR, Nov 4 (Reuters) - Malaysian palm oil futures rebounded on Friday and were set for a 10% weekly jump, as a weakening ringgit and recent gains in rival edible oils offered support.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 77 ringgit, or 1.78%, to 4,414 ringgit ($930.73) a tonne during early trade, rising for four out of five sessions.
FUNDAMENTALS
Cautious market participants now eye fresh forecasts from leading analysts at the Indonesian Palm Oil Conference.
The ringgit MYR=, palm's currency of trade, fell against the dollar and is trading around it lowest since 1998.
Meanwhile, Malaysia's central bank delivered a fourth consecutive rate hike on Thursday as it sought to contain persistent inflation amid a positive growth outlook.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 0.5%. 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 retest a resistance at 4,459 ringgit a tonne, a break above which could lead to a gain into 4,533-4,607 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian equities were boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5% next year.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 4 (Reuters) - Malaysian palm oil futures rebounded on Friday and were set for a 10% weekly jump, as a weakening ringgit and recent gains in rival edible oils offered support.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 77 ringgit, or 1.78%, to 4,414 ringgit ($930.73) a tonne during early trade, rising for four out of five sessions.
FUNDAMENTALS
Cautious market participants now eye fresh forecasts from leading analysts at the Indonesian Palm Oil Conference.
The ringgit MYR=, palm's currency of trade, fell against the dollar and is trading around it lowest since 1998.
Meanwhile, Malaysia's central bank delivered a fourth consecutive rate hike on Thursday as it sought to contain persistent inflation amid a positive growth outlook.
Dalian's most-active soyoil contract DBYcv1 rose 0.8%, while its palm oil contract DCPcv1 gained 0.5%. 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 retest a resistance at 4,459 ringgit a tonne, a break above which could lead to a gain into 4,533-4,607 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian equities were boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5% next year.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil hits two-month high as Indonesia raises reference price
https://mpoc.org.my/palm-oil-hits-two-month-high-as-indonesia-raises-reference-price/
Indonesia will continue the concession until the end of the year, provided the reference price, which is used to decide taxes, stays below US$800 a tonne. The government raised the price for the crude grade by about 8% to US$770.88 a tonne for the first half of November. “Malaysian crude palm oil will now be […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-hits-two-month-high-as-indonesia-raises-reference-price/
Indonesia will continue the concession until the end of the year, provided the reference price, which is used to decide taxes, stays below US$800 a tonne. The government raised the price for the crude grade by about 8% to US$770.88 a tonne for the first half of November. “Malaysian crude palm oil will now be […]
By: via Malaysian Palm Oil Council Russia
среда, 2 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm extends gains, tracks Chicago soyoil higher
KUALA LUMPUR, Nov 3 (Reuters) - Malaysian palm oil futures extended gains on Thursday for a fourth consecutive session, tracking overnight strength in Chicago soyoil amid optimism over China demand.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 66 ringgit, or 1.5%, to 4,464 ringgit ($941.18) a tonne during early trade, its highest since Aug. 12.
FUNDAMENTALS
The stronger prices of crude oil is making a higher mix of bio-content in fuel increasingly more feasible for Indonesia, which currently has a mandatory 30% mix of palm oil in biodiesel, a senior cabinet minister told an industry conference.
Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from Ukraine, reversing a move that world leaders warned would increase hunger globally.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 1.7%. Soyoil prices on the Chicago Board of Trade BOcv1 eased after a 3% overnight rise.
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 resistance at 4,459 ringgit a tonne and rise towards 4,607 ringgit, Reuters technical analyst Wang Tao said.
Chicago Board of Trade soybean futures settled higher on Wednesday after a choppy session, lifted by strength in global vegetable oil markets and optimism about soybean export demand from China, traders said.
MARKET NEWS
Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 3 (Reuters) - Malaysian palm oil futures extended gains on Thursday for a fourth consecutive session, tracking overnight strength in Chicago soyoil amid optimism over China demand.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 66 ringgit, or 1.5%, to 4,464 ringgit ($941.18) a tonne during early trade, its highest since Aug. 12.
FUNDAMENTALS
The stronger prices of crude oil is making a higher mix of bio-content in fuel increasingly more feasible for Indonesia, which currently has a mandatory 30% mix of palm oil in biodiesel, a senior cabinet minister told an industry conference.
Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from Ukraine, reversing a move that world leaders warned would increase hunger globally.
Dalian's most-active soyoil contract DBYcv1 rose 1.2%, while its palm oil contract DCPcv1 gained 1.7%. Soyoil prices on the Chicago Board of Trade BOcv1 eased after a 3% overnight rise.
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 resistance at 4,459 ringgit a tonne and rise towards 4,607 ringgit, Reuters technical analyst Wang Tao said.
Chicago Board of Trade soybean futures settled higher on Wednesday after a choppy session, lifted by strength in global vegetable oil markets and optimism about soybean export demand from China, traders said.
MARKET NEWS
Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
India increases palm oil import tariffs by 6-11%
Government in its released gazette notification said that the crude palm oil import tariff is now raised to $952 from $858 per tonne whereas the RBD palm oil import tariff stands at $962 from $905 per tonne earlier.
By: via Malaysian Palm Oil Council Russia
Government in its released gazette notification said that the crude palm oil import tariff is now raised to $952 from $858 per tonne whereas the RBD palm oil import tariff stands at $962 from $905 per tonne earlier.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
India increases palm oil import tariffs by 6-11%
Government in its released gazette notification said that the crude palm oil import tariff is now raised to $952 from $858 per tonne whereas the RBD palm oil import tariff stands at $962 from $905 per tonne earlier.
By: via Malaysian Palm Oil Council Russia
Government in its released gazette notification said that the crude palm oil import tariff is now raised to $952 from $858 per tonne whereas the RBD palm oil import tariff stands at $962 from $905 per tonne earlier.
By: via Malaysian Palm Oil Council Russia
вторник, 1 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
"Война и "зерновой коридор" существуют параллельно". Глава мониторинговой группы о ситуации в Черном море и угрозах России
Сегодня была очень интересная перепалка в эфире, когда в 7 часов утра корабли с зерном начали выходить из одесских портов – те самые 12, которым вчера СКЦ без России дал добро на транзит этим маршрутом. Россия самопально радиограммами ко всем капитанам этих кораблей сегодня в 7:43 обратилась с таким, знаете, не предупреждением, а требованием. Я цитирую: "Внимание! Мастер судна такого-то (капитана мастером называют), коридор закрыт для транзита Российской Федерацией, ваше прохождение опасно! Немедленно выйти из коридора! Возвращение к северному району до дальнейшего уведомления".
Через полчаса координационный центр в Стамбуле дал радиограмму капитанам, которые начали маневрировать непонятно куда: "Уважаемый капитан, предыдущее сообщение не было разрешено СКЦ. СКЦ одобрил ваш транзит, власти Российской Федерации осведомлены о запланированном вами плавании коридором. Российская Федерация взяла на себя обязательства не осуществлять нападение на суда. Руководствуйтесь только нашей информацией, а все остальное – от лукавого".
После этого через полчаса на другой волне и с другого адреса (в котором присутствовало слово "Яндекс") было воспроизведено первое сообщение в этих угрожающих тонах: "Коридор закрыт! Немедленно выйти и возвращаться в северный район". И уже было подписано СКЦ-РФ – которого не существует, существует Совместный координационный центр ООН в Стамбуле. Поэтому никто его там не послушался.
И поэтому Эрдоган сказал совершенно четко сегодня утром, как раз когда шла эта перепалка в эфире, после чего все построились в караван и спокойно пошли. Он сказал: "Турция будет продолжать этот проект независимо от того, что Россия временно приостановила". Я близко к тексту передаю: Турция будет выполнять свою миссию благодаря совместному механизму, который мы обеспечили в Стамбуле, мы обеспечили относительное уменьшение продовольственного кризиса, предложив три миллиона тонн украинской пшеницы на службу всему миру.
By: via Malaysian Palm Oil Council Russia
Сегодня была очень интересная перепалка в эфире, когда в 7 часов утра корабли с зерном начали выходить из одесских портов – те самые 12, которым вчера СКЦ без России дал добро на транзит этим маршрутом. Россия самопально радиограммами ко всем капитанам этих кораблей сегодня в 7:43 обратилась с таким, знаете, не предупреждением, а требованием. Я цитирую: "Внимание! Мастер судна такого-то (капитана мастером называют), коридор закрыт для транзита Российской Федерацией, ваше прохождение опасно! Немедленно выйти из коридора! Возвращение к северному району до дальнейшего уведомления".
Через полчаса координационный центр в Стамбуле дал радиограмму капитанам, которые начали маневрировать непонятно куда: "Уважаемый капитан, предыдущее сообщение не было разрешено СКЦ. СКЦ одобрил ваш транзит, власти Российской Федерации осведомлены о запланированном вами плавании коридором. Российская Федерация взяла на себя обязательства не осуществлять нападение на суда. Руководствуйтесь только нашей информацией, а все остальное – от лукавого".
После этого через полчаса на другой волне и с другого адреса (в котором присутствовало слово "Яндекс") было воспроизведено первое сообщение в этих угрожающих тонах: "Коридор закрыт! Немедленно выйти и возвращаться в северный район". И уже было подписано СКЦ-РФ – которого не существует, существует Совместный координационный центр ООН в Стамбуле. Поэтому никто его там не послушался.
И поэтому Эрдоган сказал совершенно четко сегодня утром, как раз когда шла эта перепалка в эфире, после чего все построились в караван и спокойно пошли. Он сказал: "Турция будет продолжать этот проект независимо от того, что Россия временно приостановила". Я близко к тексту передаю: Турция будет выполнять свою миссию благодаря совместному механизму, который мы обеспечили в Стамбуле, мы обеспечили относительное уменьшение продовольственного кризиса, предложив три миллиона тонн украинской пшеницы на службу всему миру.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Techno-Economic Marketing for Palm Oil (TEMPO) Seminar
https://mpoc.org.my/techno-economic-marketing-for-palm-oil-tempo-seminar/
A Techno-Economic Marketing for Palm Oil (TEMPO) Seminar with the theme “Versatility and Technical Advantages of Malaysian Palm Oil in the Food Applications” was organized by MPOC, in collaboration with the Malaysian Embassy in Algeria. The event, which was held on 25 October 2022, at the Marriott Hotel, Algiers, had the Algerian Chamber of Commerce […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/techno-economic-marketing-for-palm-oil-tempo-seminar/
A Techno-Economic Marketing for Palm Oil (TEMPO) Seminar with the theme “Versatility and Technical Advantages of Malaysian Palm Oil in the Food Applications” was organized by MPOC, in collaboration with the Malaysian Embassy in Algeria. The event, which was held on 25 October 2022, at the Marriott Hotel, Algiers, had the Algerian Chamber of Commerce […]
By: via Malaysian Palm Oil Council Russia
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