Malaysian Palm Oil Council Russia's Post

В 2022 году ВВП России, по оценке МВФ, сократился на 2,2%. В 2023 МВФ прогнозирует рост на 0,3% вместо падения на 2,3%. Минэкономразвития ожидает, что экономика России в 2023 году снизится на 0,8%, Центробанк прогнозирует снижение в пределах 1-4%.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

У бизнеса сложилось ошибочное мнение о готовности китайских и турецких банков работать с Россией, заявил вице-президент Росбанка.

Bank of China может позволить себе работать с SDN'ами (компаниями, попавшими в американский санкционный список SDN), но до тех пор, пока у банка есть SWIFT. Если российский банк отключают от SWIFT, то он перестает иметь доступ к трансграничным платежам через Bank of China. Другие крупные китайские банки — ICBC, China Construction Bank — тоже не принимают платежи SDN-банков. Турецкие не открывают счета в лирах.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Daily Palm Oil Price (30 January 2023): RM3,936.00

#MPOC #MalaysianPalmOil #FullofGoodness
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Egypt Staying Ahead: Window of Opportunity for Greater Malaysian Palm Oil Exports
https://mpoc.org.my/egypt-staying-ahead-window-of-opportunity-for-greater-malaysian-palm-oil-exports/

Country’s Synopses Egypt’s unique geographical location at the crossroads between Africa, Europe, and the Middle East makes it an ideal regional business hub. Egypt is a country packed with potential. With around 110 million inhabitants, it is the highly populous country in the Arab world and is growing at 2% yearly. A large consumer base […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysia keeps February crude palm oil export duty at 8%
https://mpoc.org.my/malaysia-keeps-february-crude-palm-oil-export-duty-at-8/

KUALA LUMPUR: Malaysia has maintained its February export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday. The world’s second-largest palm exporter calculated a reference price of RM3,893.25 ($917.14) per tonne for February. The January reference price was RM3,889.52 a […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm extends gains to second day, but set for weekly drop

JAKARTA, Jan 27 (Reuters) - Malaysian palm oil futures extended gains to a second session on Friday on bargain-hunting, but were set for a weekly drop due to sluggish exports and a stronger ringgit.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.93% to 3,816 ringgit ($902.98) per tonne in early trading after Thursday's 0.75% gain. So far this week, the contract has declined 2.52%.

FUNDAMENTALS
Exports of Malaysian palm oil products for Jan. 1-25 fell 28.4% to 876,193 tonnes from the same period a month earlier, cargo surveyor Societe Generale de Surveillance said on Thursday.

Malaysia maintained its February export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.

Soyoil prices on the Chicago Board of Trade BOc2 fell 0.18% during Asia hours, after rebounding 0.40% a day earlier. The Dalian exchange is closed this week for the Lunar New Year celebration.

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= strengthened against the U.S. dollar for a sixth straight session, hitting a nine-month high. A stronger ringgit, in which palm oil is traded, makes it less attractive for dollar holders.

Palm oil may bounce more towards 3,888 ringgit per tonne, following its stabilisation around the support of 3,721 ringgit, the Dec. 12, 2022 low, Reuters technical analyst Wang Tao said.

MARKET NEWS
Asian stocks rose and were poised for their fifth straight week of gains after a set of data highlighted a resilient U.S. economy, lifting investor sentiment ahead of next week's slate of central bank monetary policy meetings.

Oil prices edged higher, extending gains to a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Запрет Европейского союза (ЕС) на импорт пальмового масла для производства биодизеля не повлияет на Малайзию, сказал профессор Университета Хериот-Ватт и исследователь отрасли пальмового масла доктор Денни К.С. Нг.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Global oilseed production for 2022/23 is projected at 644.4 million tons, down 1.2 million from last month.

Lower sunflower, rapeseed, palm kernel, and cottonseed production forecasts are partly offset by higher soybean output. Global sunflowerseed production is reduced for Russia and Ukraine based on harvest results.

Canola production for Canada is lowered 0.5
million tons to 19.0 million based on government reports.

Palm kernel and palm oil production is lowered for Indonesia for 2021/22, reflecting crop losses during periods of export restrictions and poor harvest weather. Indonesian palm oil production for 2022/23 is also lowered 1.0 million tons to 45.5 million.

Source: USDA
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

EU palm oil ban will not impact M’sia as the block imports relatively low amount of the commodity
https://mpoc.org.my/eu-palm-oil-ban-will-not-impact-msia-as-the-block-imports-relatively-low-amount-of-the-commodity/

PETALING JAYA: The European Union’s (EU) import ban on palm oil and other commodities will not affect Malaysia, said Heriot-Watt University professor and palm oil industry researcher Dr Denny K.S. Ng. Malaysia’s main export countries are India and China, and the EU as a bloc imports much lower amounts of Malaysian palm oil. “The issue that […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

"Кернел" приобрел терминал по перевалке подсолнечного масла в порту "Южный"
The Page
В декабре 2022 года группа "Кернел" Андрея Веревского приобрела 100% акций терминала по перевалке подсолнечного масла в порту "Южный" Одесской области
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm oil soft on soyoil weakness, sluggish exports

JAKARTA, Jan 25 (Reuters) - Malaysian palm oil futures fell on Wednesday, its first trading day after the Lunar New Year holidays, tracking recent weakness in U.S. soyoil prices amid a lull in exports.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.90% to 3,818 ringgit ($894.15) per tonne in early trading.

The Malaysian exchange was closed on Monday and Tuesday for the Lunar New Year holidays.

FUNDAMENTALS
Malaysian palm oil exports for Jan. 1-20 fell 29% to 38% from the same period in December as shipments to key markets India and China tumbled, cargo surveyors said on Friday.

Soyoil prices on the Chicago Board of Trade BOc2 were up 0.26%, after hitting their weakest level in over a month on Tuesday. The Dalian exchange is closed this week for the Lunar New Year celebration.

Palm oil may edge up to a resistance at 3,980 ringgit per tonne before turning around and retesting support at 3,888 ringgit, Reuters technical analyst Wang Tao said.

MARKET NEWS
U.S. stock indexes closed mixed and the dollar slid a bit on Tuesday after companies warned of a tough year ahead along with some profit beats, while data showed U.S. business activity contracted for a troubling seventh straight month in January.

Crude oil prices rebounded on Wednesday on demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs after prices dropped in the previous session on concerns about global economic growth.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

EU policies setting global benchmarks
https://mpoc.org.my/eu-policies-setting-global-benchmarks/

The US considers the EU’s deforestation policy as an important benchmark and intends to ban products linked to deforestation. In October 2021, the Forest Act of 2021 Bill was introduced in the US Congress. The Act has the objective to ban products linked to deforestation. Similar to the EU’s Deforestation-free Products Regulation, the Forest Act […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Using strategic approach
https://mpoc.org.my/using-strategic-approach/

MALAYSIA and Indonesia’s commitment to strengthening cooperation through the Council of Palm Oil Producing Countries (CPOPC) to fight discriminative trade policies against palm oil is an encouraging development for the oil palm industry. This is a strategic approach by the CPOPC, an organisation established in November 2015 by the two countries to strengthen cooperation, taking […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Количество введенных против России санкций достигло 13,5 тысяч.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Россия, несмотря на новогодние каникулы, продолжала отгрузки зерна на экспорт. Как следует из мониторинга Российского зернового союза, с 1 по 8 января экспорт увеличился почти в 1,8 раза и превысил 1 млн тонн.

Турция не позволяет судам с кипрской регистрацией участвовать в реализации черноморской зерновой инициативы. Об этом в понедельник заявил глава МИД Кипра Иоаннис Касулидис на встрече глав внешнеполитических ведомств стран Евросоюза.

Источник: Зерно Он-Лайн
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

https://twitter.com/mpocHQ/status/1617328636851281920?t=oqtvpJLnng9TkqUsD-mPvw&s=35
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

ДЖАКАРТА. Министерство энергетики и минеральных ресурсов (MEMR) заявило, что правительство приступит к реализации программы биодизеля на основе пальмового масла 35% (B35) 1 февраля 2023 года, обновив предыдущую программу B30.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysian Sustainable Palm Oil For The South Korean Market

The Malaysian Palm Oil industry is a key driver of Malaysia’s economy; providing billions in foreign exchange and employment to more than 3 million people.

The Malaysian government and palm oil industry have been proactive in ensuring that there is a balance between people, profit, and planet. This has led to the establishment of the Malaysian Sustainable Palm Oil (MSPO) certification scheme in 2015, which signals a long-term commitment by the government and the industry towards palm oil sustainability.

MSPO is the national scheme in Malaysia for oil palm plantations, independent and organised smallholdings, and palm oil processing facilities to be certified against the requirements of the MSPO Standards. It is important to ensure that all palm oil products are sustainable and accepted by the global market. The MSPO certification scheme has been made mandatory since 2020 to ensure that the Malaysian Palm Oil industry produces its products in a sustainable way.

The Malaysian Palm Oil Council (MPOC) is organising a seminar entitled ‘Malaysian Sustainable Palm Oil for the South Korean Market’, with the aim of sharing the industry’s objectives, principles, advantages, and role in meeting sustainability requirements, as well as supporting the UN Sustainable Development Goals. The event will also be an opportunity to address queries and questions on MSPO.

Event details:
Event:   Malaysian Sustainable Palm Oil for the South Korean Market
Date:    31 January 2023 (Tuesday)
Time:    8.30 am – 12.30 pm
Venue: The Westin Josun Seoul, Seoul, South Korea

Click Here To Register: https://palmoilevents.com/index.php?option=com_nevent&controller=nevent&task=view&cid=51
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm drops on profit-taking, but set for weekly gain

JAKARTA, Jan 20 (Reuters) - Malaysian palm oil futures were set for a weekly gain, even as prices fell on Friday, weighed down by profit-taking ahead of the Lunar New Year holiday.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange lost 19 ringgit, or 0.49%, to 3,870 ringgit ($902.10) a tonne in early trade. The contract has risen about 0.9% so far this week.

FUNDAMENTALS
Malaysian palm oil prices are set to fall in 2023 to average 3,800 ringgit a tonne, down 23% from last year amid a mild recovery in production, but will likely remain above pre-pandemic levels as Indonesian policies constrict global supplies, Reuters poll showed.

Malaysian palm oil exports for Jan. 1-15 fell between 28% and 37% from the same period in December as shipments to key markets India and China tumbled, cargo surveyors said this week.

Dalian's most-active soyoil contract DBYcv1 gained 0.62%, while its palm oil contract DCPcv1 was up 0.43%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.41%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Oil prices rose on optimism that the U.S. Federal Reserve will ends its tightening cycle, buoying the economy and boosting fuel demand.
Stronger crude futures make palm a more attractive option for biodiesel feedstock.

Malaysia's financial markets will be closed on Jan. 23 and 24 for the Lunar New Year holidays. Trading will resume on Wednesday, Jan. 25.

MARKET NEWS
Most Asian equity markets edged higher, while the U.S. dollar hung near its weakest level since May, with investors fretting about the risks of a global recession as the Federal Reserve presses on with interest rate increases.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Главным импортером российского маргарина стал Узбекистан, сообщает «Агроэкспорт». Экспорт в эту страну за 2022 год вырос на 65%, если считать объем продукции, и на 83%, если считать стоимость - "Агроэкспорт"
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysia must continue to engage with the European Union
https://mpoc.org.my/malaysia-must-continue-to-engage-with-the-european-union/

KUALA LUMPUR: Malaysia must continue to engage with the European Union (EU) and EU stakeholders to ensure that perspectives from producing and exporting countries are taken into consideration. “(The continued engagement is important) as it can possibly contribute to the shaping of future legal instruments that will serve as examples in other jurisdictions around the […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysia May Stop Palm Oil Exports To EU Due To New Law
Indonesian Palm Oil Association (GAPKI IPOA)

Jan 16

KUALA LUMPUR — Malaysia said on Thursday (12 January 2023) it could stop exporting palm oil to the European Union (EU) in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Рост ВВП Китая показал самые слабые показатели за 40 лет — всего на 3%. В 2021 году он вырос на 8,4%. А население КНР впервые с 1961 года сократилось, пишет Reuters. За 2022 год в стране родилось 9,56 млн человек, умерли 10,41 млн.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Job Advertisement
https://mpoc.org.my/job-advertisement/

Click Here To Send Your Application Click Here To Send Your Application
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Малайзия может прекратить экспорта пальмового масла в Европейский Союз в ответ на новые правила касающиеся вырубки лесов, заявил вице-премьер и министр плантаций и товаров Датук Сери Фадиллах Юсоф.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysian Sustainable Palm Oil for the South Korean Market
https://mpoc.org.my/malaysian-sustainable-palm-oil-for-the-south-korean-market/

The Malaysian Palm Oil industry is a key driver of Malaysia’s economy; providing billions in foreign exchange and employment to more than 3 million people. The Malaysian government and palm oil industry have been proactive in ensuring that there is a balance between people, profit, and planet. This has led to the establishment of the […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysian Sustainable Palm Oil for the Vietnamese Market
https://mpoc.org.my/malaysian-sustainable-palm-oil-for-the-vietnamese-market/

The Malaysian Palm Oil industry is a key driver of Malaysia’s economy; providing billions in foreign exchange and employment to more than 3 million people. The Malaysian government and palm oil industry have been proactive in ensuring that there is a balance between people, profit, and planet. This has led to the establishment of the […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

CPO PRICES TO STAY FIRM IN 1Q AT RM3,800-RM4,500 PER TONNE ANALYSTS

KUALA LUMPUR, Jan 11 (Bernama) -- CGS-CIMB Securities Sdn Bhd expects crude palm oil (CPO) prices to stay firm at the RM3,800-RM4,500 per tonne range at the start of the first quarter of 2023 (1Q 2023) due to several factors.

The brokerage firm said there are concerns over supply risks due to the ongoing drought in Argentina, which could lead to severe soybean crop losses, the ongoing La Nina and potential El-Nino, as well as the lower sunflower seed production from Ukraine due to the ongoing war with Russia.

“Secondly, biodiesel demand is rising as Indonesia will raise its biodiesel mandate to B35 in Feb 2023; it has raised biodiesel allocation by 19 per cent to 13.15 million kilolitres (kls) in 2023 from 11.02 million kls in 2022.

“Indonesia has also reduced its domestic market obligation ratio to six times of domestic sales requirements from eight times, which would restrict Indonesia’ palm oil exports, in our view,” it said in a note today.

Hence, CGS-CIMB Securities expect CPO prices to soften from 2Q 2023 onwards as palm oil output recovers with the entry of more foreign workers while slower global growth curbs demand.

Meanwhile, MIDF Research said the CPO price is expected to see volatile trade between January and March at between RM3,500 and RM4,500 per tonne, benefiting from the price disparity between CPO against soybean oil price.

“However, we also recognize the downside risk of fragile demand on the back inflationary pressure coupled with tight household spending on high base interest rate locally and globally as well as another Indonesian extension of zero-levy policy for palm oil exports in 2023,” it said.

In another note, Kenanga Investment Bank Bhd said palm oil prices should stay relatively firm. It maintains a 2023-2024 CPO price forecast of RM3,800 to 3,500 per tonne.

“Edible oil prices have eased after mid-2022 on higher supply but demand, subdued by the Covid-19 since 2020, is likely to recover in 2023 as well.
“Inventory levels are thus expected to stay range-bound for much of 2023,” it said.

CGS-CIMB Securities, MIDF Research and Kenangan Investmant Bank are neutral on the sector.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm at three-week low as early-Jan exports plummet

KUALA LUMPUR, Jan 11 (Reuters) - Malaysian palm oil futures extended losses for a second session, hitting a nearly three-week low on Wednesday, as traders weighed demand concerns after early-January shipments plummeted by half.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.91%, to 3,908 ringgit ($893.46) a tonne during early trade, its lowest since Dec. 23.

FUNDAMENTALS
Exports from Malaysia during Jan. 1-10 plunged between 49%and 51% from the same week in December as shipments to India slowed, cargo surveyors data showed on Tuesday.

Malaysia's December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed on Tuesday.

Dalian's most-active soyoil contract DBYcv1 fell 0.6% while its palm oil contract DCPcv1 eased 2.1%. 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.

MARKET NEWS
Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve's interest rate policy.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm slides over 3%, hits 2-week low on weak rival oils, export outlook

KUALA LUMPUR, Jan 10 (Reuters) - Malaysian palm oil futures dropped more than 3% on Tuesday, tracking weakness in rival edible oils and on fears of weak exports, with investors eyeing key data to gauge supply and demand levels.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slumped 156 ringgit, or 3.79%, to 3,962 ringgit ($906.01) a tonne during early trade, its lowest since Dec. 23.

FUNDAMENTALS
Traders are awaiting Malaysian Palm Oil Board and cargo surveyor data due later in the day to determine price direction.

A Reuters' poll pegged at-December inventories shrinking to a four-month low of 2.17 million tonnes, as production and exports slowed.

Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 eased 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

MARKET NEWS
Asian shares fell after hawkish comments from two U.S. Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data, while China's reopening after COVID curbs pushed commodities higher.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

GRAINS-Soybeans fall for second session on slowing U.S. exports; wheat down

SINGAPORE, Jan 10 (Reuters) - Chicago soybean futures lost more ground on Tuesday, with a lack of demand for U.S. supplies weighing on the market, although losses were limited by dry weather curbing yields in key supplier Argentina.

Wheat fell for a third consecutive session while corn slid.

FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.3% at $14.84-3/4 a bushel, as of 0113 GMT, wheat Wv1 gave up 0.2% to $7.39-3/4 a bushel and corn Cv1 fell 0.2% to $6.51-1/4 a bushel.

The U.S. Department of Agriculture (USDA) on Monday reported weekly grain export inspections for corn, soybeans and wheat near the low-end of a range of trade estimates. U.S. exports have struggled to compete in the global market with cheaper South American supplies.

The market is cautious ahead of Thursday's global crop supply-and-demand estimates from the USDA. In the report, the USDA is expected to cut its corn and soy production outlook for drought-hit Argentina but also raise its estimate of U.S. grain and soybean supplies.

Grain traders are also monitoring developments in Brazil, where supporters of far-right former President Jair Bolsonaro stormed government buildings on Sunday.

The Brazilian real weakened against the dollar on Monday, making the country's crop exports even more affordable than U.S. supplies on the global market.

Harvesting of Brazil's 2022/2023 soybean crop had reached 0.04% of the national planted area on Thursday last week, compared with 0.2% in the year-ago period, agribusiness consultancy AgRural said on Monday.

The consultancy cited disruption to field work because of wet conditions in states including top soybean grower Mato Grosso.

In the Black Sea region, Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday.

Commodity funds were net sellers of CBOT corn, wheat, soybean and soymeal futures contracts on Monday and net buyers of soyoil futures, traders said.

MARKET NEWS
World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm slides over 3%, hits 2-week low on weak rival oils, export outlook

KUALA LUMPUR, Jan 10 (Reuters) - Malaysian palm oil futures dropped more than 3% on Tuesday, tracking weakness in rival edible oils and on fears of weak exports, with investors eyeing key data to gauge supply and demand levels.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slumped 156 ringgit, or 3.79%, to 3,962 ringgit ($906.01) a tonne during early trade, its lowest since Dec. 23.

FUNDAMENTALS
Traders are awaiting Malaysian Palm Oil Board and cargo surveyor data due later in the day to determine price direction.

A Reuters' poll pegged at-December inventories shrinking to a four-month low of 2.17 million tonnes, as production and exports slowed.

Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 eased 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

MARKET NEWS
Asian shares fell after hawkish comments from two U.S. Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data, while China's reopening after COVID curbs pushed commodities higher.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Malaysia and Indonesia agree to fight discrimination against palm oil
https://mpoc.org.my/malaysia-and-indonesia-agree-to-fight-discrimination-against-palm-oil/

The comments by Indonesian President Joko Widodo (right) followed a meeting with Prime Minister Datuk Seri Anwar Ibrahim, who was making his first overseas trip since being elected in November.–A BOGOR, Indonesia (Jan 9): Indonesia and Malaysia, the world’s biggest producers of palm oil, agreed on Monday (Jan 9) to work together to fight “discrimination” against the commodity after a meeting […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

«Мы договорились укреплять наше сотрудничество через Совет стран-производителей пальмового масла, расширять рынок пальмового масла и бороться с дискриминацией в отношении пальмового масла», — Президент @jokowi во время встречи с Премьер-министром Дато Сери Анваром бин Ибрагимом
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

MPOC Video Series
https://mpoc.org.my/mpoc-video-series/

Customer experience videos share with you some of the challenges, opportunities and processes in the demand and supply of Malaysian palm oil to the world market. Click Here For More The CEO Insights are brought to you by top CEOs from oils and fats and food industries around the world. Click Here For More
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Uncertainty over rise in CPO output
https://mpoc.org.my/uncertainty-over-rise-in-cpo-output/

PETALING JAYA: Despite the gradual return of foreign workers to the oil palm plantation sector, industry experts remain sceptical of potential growth in terms of crude palm oil (CPO) production this year. While CPO production is set to improve in 2023, Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek Choon Yee said the growth […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Indonesia reduces palm oil exports to ensure supply at home
https://mpoc.org.my/indonesia-reduces-palm-oil-exports-to-ensure-supply-at-home/

JAKARTA, Jan 6 (Bernama): Indonesia, the world’s biggest palm oil producer, will cut its overseas shipments of the commodity, as it tightens a policy requiring companies to keep more supply at home. The government cut the amount producers can export to six times the domestic sales requirement, down from eight times currently, Vietnam news agency […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

S&P Global: Asian palm oil prices expected to be rangebound in 2023
https://mpoc.org.my/sp-global-asian-palm-oil-prices-expected-to-be-rangebound-in-2023/

KUALA LUMPUR (Jan 6): Asian palm oil prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. In a report on Thursday (Jan 5), S&P Global Commodity Insights […]
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Индия станет самой населенной страной в мире, обогнав Китай. Это случится уже в апреле этого года - ООН
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Суд по делам о коррупции при центральном окружном суде Джакарты приговорил бывшего генерального директора Министерства торговли Индрасари Вишну Вардхану, проработавшего в министерстве почти 33 года, к трем годам тюремного заключения и штрафу в размере 100 миллионов рупий по делу связанному с выдачей разрешений на экспорт пальмового масла.

На срок от одного года до полутора лет были приговорены комиссар Wilmar Nabati Indonesia Мастер Парулиан Туманггор, генеральный менеджер Musim Mas Тогар Ситанганг и старший менеджер Permata Hijau Group Стэнли Ма - Генеральная прокуратура.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

https://twitter.com/mpocHQ/status/1610456798116605952?t=FKTbf2fFu4DUcZugr7H96A&s=35
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

https://twitter.com/mpocHQ/status/1610521294822596609?t=VO1e0kKJvtEy3TIOYLO-XQ&s=35
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

GRAINS-Soybeans rise as drought threaten Argentine crop; wheat dips

SINGAPORE, Jan 4 (Reuters) - Chicago soybean futures rose on Wednesday, recouping some of last session's losses, as concerns over a lack of rains in top supplier Argentina supported prices.
Corn also ticked higher, while wheat prices eased.

FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.5% to $14.99-1/2 a bushel, as of 0115 GMT, corn Cv1 rose quarter of a cent to $6.70-3/4 a bushel and wheat Wv1 slid 0.3% to $7.73-1/4 a bushel.

The focus is on Argentina, the world's largest exporter of soyoil and soymeal, after better-than-expected rains benefited dry areas there over the weekend, analysts said.

However, the weather in the South American nation is expected to turn drier again. Crop stress in northern and eastern Argentina will rebuild to about 60% of the soybean and corn areas from just under half, Commodity Weather Group said.

The Buenos Aires grains exchange said last week that 500,000 hectares of soybeans may go unplanted if further rain prevents the progress of field work.

In the wheat market, winter storm damage to U.S. crops raised worries over 2023 supplies.

Sovecon, a leading Black Sea agricultural markets research firm, increased its 2022/23 Russian wheat export forecast by 0.2 million tonnes to 44.1 million tonnes on Friday.

The consultancy expects record or near-record monthly export volumes in the second half of the July-June season with shipments supported by relatively high global prices, the weakening of the rouble, and the pressure of record stocks on the domestic market.

In other news, weekly U.S. grain export inspections were disappointing, traders said.

The U.S. Department of Agriculture reported inspections in the week ended Dec. 29 were 85,672 tonnes for wheat; 667,010 tonnes for corn; and 1.46 million tonnes for soybeans.

Analysts surveyed by Reuters expected 250,000 tonnes to 450,000 tonnes for wheat; 650,000 tonnes to 900,000 tonnes for corn; and 1.5 million to 1.865 million tonnes for soybeans.

Large speculators raised their net long position in Chicago Board of Trade corn futures in the week to Dec. 27, regulatory data released on Friday showed.

The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and raised their net long position in soybeans.

MARKET NEWS
The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a steer on when and where U.S. interest rates might peak.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm oil falls from near five-week peak, tight Indonesian supply limits losses

KUALA LUMPUR, Jan 4 (Reuters) - Malaysian palm oil futures slid on Wednesday from a near five-week high hit in the previous session, although concerns over tightening supply from top producer Indonesia capped losses.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange lost 50 ringgit, or 1.18%, to 4,203 ringgit ($954.36) a tonne during early trade.

FUNDAMENTALS
India's palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil's higher discount to rival vegetable oils led refiners to raise purchases during the seasonally weak winter period, five dealers said.

Exports of Malaysian palm oil products for December fell 0.5% to 1,512,468 tonnes from 1,519,560 tonnes shipped during November, cargo surveyor Societe Generale de Surveillance said on Tuesday.

Exports from top producer Indonesia are expected to soften this year after a latest ruling to protect domestic supplies reduced the amount of overseas shipments allowed.

Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 slipped 0.1%. Soyoil prices on the Chicago Board of Trade BOcv1 ticked up after a 1.4% overnight loss.

Palm oil may fall to 4,109 ringgit per tonne, as it faces a strong resistance at 4,289 ringgit, Reuters technical analyst Wang Tao said.

MARKET NEWS
Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting to gauge the path forward for interest rates.
By: via Malaysian Palm Oil Council Russia