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Palm Oil Networking Seminar 2023 Oman
https://mpoc.org.my/palm-oil-networking-seminar-2023-oman/

Papers Presentation 1: Invest in Oman Mr. Mahmood Alhooti,Ministry of Commerce, Industry and Investment Promotion of Oman (MOCIIP) Presentation 2: Food Security Mr. Fahad Al Manthari,Oman Chamber of Commerce and Investment (OCCI) Presentation 3: Malaysian Palm Oil Supply and Demand Update Mr. Muhammad Kharibi Zainal Ariffin,General Manager, Malaysian Palm Oil Council, KSA Presentation 4: Palm Oil Food […]
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Таиланд наращивает экспорт пальмового масла. По данным министерства торговли, экспорт сырого пальмового масла в этом году может достичь 1 млн тонн по сравнению с 919 000 тонн в прошлом году, что обусловлено увеличением предложения пальмового масла и высоким спросом со стороны Индии и Китая.
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Пошлина на экспорт подсолнечного масла из РФ с 1 марта составит 2068,1 рубля за тонну после того, как в течение пяти месяцев подряд оставалась на нулевых значениях, пошлина на экспорт подсолнечного шрота тоже вырастает - до 3357,2 рубля за тонну, следует из информации на сайте Минсельхоза РФ​​​.
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CEO Day@UKM
https://mpoc.org.my/ceo-dayukm/

Introduction The just completed CEO Day@UKM is the 3rd such event by MPOC. The CEO Day has the objectives of inspiring participants through knowledge and experience sharing by creating a platform for interaction between university students and the invited industry leaders. The programme also acts as a platform to disseminate information on the palm oil […]
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Malaysia keeps March crude palm oil export duty at 8%
https://mpoc.org.my/malaysia-keeps-march-crude-palm-oil-export-duty-at-8/

KUALA LUMPUR: Malaysia has maintained its March export tax for crude palm oil at 8% and lowered the reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world’s second largest palm exporter calculated a reference price of RM3,710.35 per tonne for March. The February reference price was RM3,893.25 a […]
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Все дороги между Польшей и соседней Беларусью перекрыты из-за обострения напряженности
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Цена на лук с начала года взлетела на 62,5%, сообщает Росстат. Огурцы подорожали на 54,7%.
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Владелец и соучредитель сингапурской компании Palm Oil Analytics Сатья Варка заявил, что фьючерсы на CPO достигли семинедельного максимума, поскольку настроения диктуются восстановлением экспорта Малайзии, дефицитом экспортных поставок из Индонезии, «по мере того, как мы приближаемся к сезонному росту покупок в священный месяц Рамадан и рост торговли соевым маслом в Даляне».
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Iran 2023 – Oils and Fats Demand and Malaysian Palm Oil Export Opportunities
https://mpoc.org.my/iran-2023-oils-and-fats-demand-and-malaysian-palm-oil-export-opportunities/

Iran oils and fats market Iran is an important export market that is ranked as the second biggest oils and fats consuming country, after Turkiye, in the Middle East region. In 2021, Iran consumed 2.17 million MT of oils and fats, and is estimated to surpass 2.2 million in 2022. The consumption per capita was […]
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Palm Oil is Safe for Human Consumption
https://mpoc.org.my/palm-oil-is-safe-for-human-consumption/

In response to a video by Vantage on Firstpost (28th January 2023) entitled “Why Palm Oil Could Be Dangerous for you?” we would like to put the record straight. This video is malicious, unsubstantiated, and misleading. The broadcast portrayed palm oil as unsafe and its consumption lead to serious illness such as heart disease and […]
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Веганы и вегетарианцы уже давно утверждают, что их подход к еде является самым щадящим — по отношению к животным и к нашей планете.

Но новое исследование Университета Джорджии предполагает, что на самом деле это может быть не совсем так.

Исследования продемонстрировали, что диета, состоящая в основном из растений и местного выращенного мяса, вероятно, является наиболее этичным способом питания, если мы хотим сохранить окружающую среду и защитить права человека.

«В этой модели на основе растений нет ничего устойчивого», — сказала Эми Траугер, автор исследования и профессор Франклинского колледжа. Соевые бобы, используемые в американских продуктах тофу и темпе, здесь не выращивают. Исследование показало, что большая часть соевых продуктов (таких как тофу и темпе) в США не выращивается. До недавнего времени они в основном импортировались из Индии, где производство сои способствует вырубке лесов. Плантации сои также занимают пространство, которое вместо этого можно было бы использовать для увеличения продовольственной безопасности в стране.

Загрязнение и воздействие на окружающую среду от транспортировки соевых бобов за сотни тысяч миль в США сами по себе являются экологической катастрофой.
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Влажная погода привела к сокращению производства пальмового масла в Индонезии в 2022/23 г. до 46,5 млн тонн, что на 1% ниже, чем в последнем прогнозе.
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Many major global firms and financial institutions that directly or indirectly contribute to deforestation do not have any policies in place to protect forests, increasing the risk for catastrophic nature loss, a report said Wednesday - GAPKI IPOA
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На Чикагской товарно-сырьевой бирже (CBOT) в среду контракты с поставкой в марте:

пшеница (март 2022) - 282,65 дол./т (20880 руб./т) - минус 2,13%;
кукуруза (март 2022) - 266,24 дол./т (19670 руб./т) - минус 0,88%;
соя -бобы (март 2022) - 560,61 дол./т (41410 руб./т) - минус 0,77%;
рис необр (март 2022) - 859,87 дол./т (63510 руб./т) - минус 0,90%;
рапс (ICE, март 2022) - 823,10 cad/т (45570 руб./т) - минус 0,72%.
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Monthly Palm Oil Trade Statistics : January 2023
https://mpoc.org.my/monthly-palm-oil-trade-statistics-2023/

Exports of All Palm Products Malaysia’s Exports & Imports Exports to Major Countries Production & Stocks Monthly Average Prices Malaysian Palm Oil Exports By Destination Exports of All Palm Products PRODUCT UNIT JAN 2023 JAN 2022 CHANGE (MT/RM Mil) CHANGE (%) CPO Tonnes 268,436 200,274 68,162 34.03 RM Mil 1,066 1,037 29 2.79 PPO Tonnes […]
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VEGOILS-Palm climbs for second day as traders await export data

JAKARTA, Feb 15 (Reuters) - Malaysian palm oil rose for a second session on Wednesday as market participants awaited export data from cargo surveyors amid expectations of a slowdown in production this month.

The benchmark palm oil contract FCPOc3 for April delivery gained 0.73% to 3,985 ringgit ($912.11) per tonne in early trade, after Tuesday's 0.8% gain.

FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 was trading sideways, while its palm oil contract DCPv1 rose 1.19%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.4%.

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

Cargo surveyors are expected to report Feb. 1-15 palm oil exports data later on Wednesday. Malaysia's palm oil exports during Feb. 1-10 rose between 23.3% and 39.3% from a month earlier.

India's rapeseed production in 2023 could jump 7.1% from a year earlier to a record 12.8 million tonnes, the government said, which could help the world's biggest vegetable oil importer reduce overseas purchases of palm oil.

Palm oil looks neutral in a range of 3,859-4,009 ringgit per tonne, and an escape could suggest a direction, said Reuters technical analyst Wang Tao

MARKET NEWS
Asian stocks slipped while the U.S. dollar was steadfast, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer.
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Proposed palm oil exports ban will imperil smallholders’ income
https://mpoc.org.my/proposed-palm-oil-exports-ban-will-imperil-smallholders-income/

It is high time for industry leaders to negotiate and discuss with EU to adopt most parts of MSPO in their due diligence exercise THE proposed ban on palm oil exports to the European Union (EU) may bring unexpected dire consequences to the industry, experts said.  Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa […]
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GRAINS-Wheat, corn ease after rally, Black Sea supply woes limit decline

SINGAPORE, Feb 14 (Reuters) - Chicago wheat and corn futures slid for the first time in three sessions on Tuesday, although concerns over supplies from the Black Sea region provided a floor under the market.

Soybeans were largely unchanged, supported by dryness curbing output in key supplier Argentina.

FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 fell 0.2% to $7.90-1/2 a bushel, as of 0113 GMT, and corn Cv1 gave up 0.1% to $6.84-1/2 a bushel. Soybeans Sv1 were down half a cent at $15.42-1/4 a bushel.

Corn and wheat futures have climbed in recent sessions as concerns intensified that fighting in Ukraine could threaten the agreement for the shipping channel for Ukraine's grain exports, which expires in March.

Russia said on Monday it would be "inappropriate" to extend the Black Sea grain deal unless sanctions affecting its agricultural exports were lifted and other issues were resolved.

Ukraine's grain exports in the 2022/23 season, which runs through to June, are down 28.7% at 29.2 million tonnes so far, due to a smaller harvest and logistical difficulties caused by the Russian invasion, agriculture ministry data showed on Monday.

Central-eastern Argentina, the country's farming heartland, received between 5 and 25 millimetres of rainfall on Monday. But given the country's persistent drought on top of high temperatures last week, the benefits will be short-lived, meteorologists said.

The U.S. soybean crush in January likely increased versus December but declined a bit from the same month a year ago, analysts said, ahead of a monthly National Oilseed Processors Association (NOPA) report due on Wednesday.

NOPA members, which handle about 95% of all soybeans processed in the United States, were estimated to have crushed 181.656 million bushels last month, according to the average of estimates from nine analysts.

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

MARKET NEWS
Wall Street equity indexes closed up more than 1% on Monday and U.S. Treasury yields slipped as investors bet that key U.S. economic data due out on Tuesday would show inflation is easing.
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VEGOILS-Palm oil rebounds from three-day drop on firmer rival oils, exports

JAKARTA, Feb 14 (Reuters) - Malaysian palm oil rose on Tuesday, rebounding from three days of losses, as firmer Dalian soyoil prices and higher exports underpinned the market.

The benchmark palm oil contract FCPOc3 for April delivery rose 0.41% to 3,939 ringgit ($904.89) per tonne in early trade, after losing 2% over the past three sessions.

FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 gained 0.30%, while its palm oil contract DCPv1 eased 0.18%. Soyoil prices on the Chicago Board of Trade BOc2 traded sideways.

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

Exports of Malaysian palm oil products for Feb. 1-10 rose between 23.3% and 39.3% from Jan.1- Jan.10, cargo surveyors said.

Indonesia said last week it would review its palm oil export quota ratios amid rising domestic cooking oil prices. A government official said on Monday the review was still ongoing.

Palm oil may retest a support of 3,859 ringgit per tonne, a break below which could result in a drop to 3,708 ringgit, said Reuters technical analyst Wang Tao

MARKET NEWS
Asian shares tracked the bounce on Wall Street as investors remained sanguine that key U.S. data due later would show an easing in inflation, while the yen recouped losses ahead of the nomination of a new central bank governor.
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Strategising Export – Learning the Trade Landscape of Uzbekistan
https://mpoc.org.my/strategising-export-learning-the-trade-landscape-of-uzbekistan/

In the middle of the second century BC, the Great Silk Road passed through the territories of modern Uzbekistan. Large trade cities such as Samarkand, Bukhara, and Tashkent appeared and grew along this route. Today, Uzbekistan is the geographic and population centre of Central Asia. After independence in 1991, the country has greatly diversified its […]
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VEGOILS-Palm oil opens higher on higher exports, stronger rival oils

JAKARTA, Feb 13 (Reuters) - Malaysian palm oil futures rebounded on Monday, helped by higher exports and stronger rival oils, while market participants monitored Indonesian exports policy.

The benchmark palm oil contract FCPOc3 for April delivery rose 0.61% to 3,955 ringgit ($908.99) per tonne in early trade, after two days of losses.

FUNDAMENTALS
Exports of Malaysian palm oil products for Feb. 1-10 rose 39.3% from Jan. 1-10, cargo surveyor Intertek Testing Services said on Saturday, while independent inspection company AmSpec Agri Malaysia said on Friday rose 32.51%.

Malaysia's palm oil inventories at end-January rose for the first time in three months, up 3.27% from the month before to 2.27 million tonnes, according to Malaysia Palm Oil Board (MPOB) data.

Indonesia said last week it would review its palm oil export quota ratios amid rising prices of cooking oil at home.

Dalian's most-active soyoil contract DBYcv1 gained 1.01%, while its palm oil contract DCPv1 rose 0.71%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.45%.

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

Oil prices eased after rising 2% in the previous session, as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States.

Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

MARKET NEWS
Asian shares slid and the dollar rose, as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields.
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Банк России понизил прогноз по цене на нефть марки Urals на 2023 г до $55, хотя ещё в октябре ожидал цену в $70, говорится в новом среднесрочном прогнозе банка. На 2024 г прогноз тоже в $55. И это ниже, чем установленный на российскую нефть поток цен.
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GRAINS-U.S. soybean, corn futures dip on lacklustre export data

Feb 10 (Reuters) - U.S. soybean and corn futures were slightly weaker in range-bound Asian trading on Friday and set for weekly losses as uninspiring export data dented sentiment.

Soybeans were also pressured by expectations that overseas buyers will soon shift to Brazil, although losses were limited by ongoing concerns over production in drought-hit Argentina.
Wheat was slightly up in another choppy session.

FUNDAMENTALS
The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) was down 0.1% at $15.17-1/2 a bushel, as of 0208 GMT.

CBOT corn Cv1 dipped 0.1% to $6.70-1/4 a bushel, while wheat Wv1 edged 0.1% higher to $7.57-3/4 a bushel.

The weekly U.S. export data released by the U.S. Department of Agriculture (USDA) on Thursday showed sales of soybeans fell to 644,400 tonnes from 927,951 tonnes. Corn export sales were down 33% at 1.170 million tonnes.

U.S. wheat export sales hit 150,900 tonnes, near the low-end of market expectations.

Traders remained focused this week on the impact of a drought in Argentina on crops, with the USDA making cuts to its forecast for the country's soybean crop.
The USDA trimmed its outlook on Argentine soybean production to 41 million tonnes, down from 45.5 million tonnes in its January estimate.

Traders also kept an eye on rain delays to Brazil's soybean harvest, which may also hold up corn planting.

The new U.S. agriculture trade chief on Thursday told Reuters that he has given Mexico until Feb. 14 to respond to a U.S. request to explain the science behind Mexico's planned bans on genetically modified corn and glyphosate herbicide.

Consultancy Strategie Grains for a second month in a row raised its forecast of European Union soft wheat production this year, citing good growing conditions so far.

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

MARKET NEWS
The dollar slid and a global equity rally lost steam on Thursday as nagging concerns about the economy and the future pace of central bank interest rate hikes unsettled investors who earlier pushed European stocks to almost one-year peaks in Europe.
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VEGOILS-Palm edges lower on weaker rival oils, eyes weekly gain

SINGAPORE, Feb 10 (Reuters) - Malaysian palm oil futures edged lower on Friday, as losses in rival vegetable oils on the Dalian Commodity Exchange weighed on sentiment, but the benchmark contract was still set to end the week higher.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 100 ringgit, or 2.52%, to 3,873 ringgit ($895.28) a tonne in early trade. The contract has gained about 0.6% so far in the week.

FUNDAMENTALS
The weekly U.S. export data released by the U.S. Department of Agriculture (USDA) on Thursday showed sales of soybeans fell to 644,400 tonnes from 927,951 tonnes.

Dalian's most-active soyoil contract DBYcv1 fell 1.92%, while its palm oil contract DCPcv1 gave up 2.54%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.07%.

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

Malaysia's palm oil exports likely slumped 21.7% to 1.15 million tonnes due to slowing shipments to largest consumers India and China, a Reuters survey showed on Monday.

The Malaysia Palm Oil Board (MPOB) and cargo surveyors are scheduled to release key supply and demand data at 0430 GMT on Friday.

Oil prices fell in early trade but were headed for a weekly gain, with the market continuing to seesaw between fears of a recession hitting the United States and hopes for strong fuel demand recovery in China, the world's top oil importer.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

Palm oil FCPOc3 may drop to 3,888 ringgit per tonne, following the completion of a flat pattern from the Jan. 25 low of 3,721 ringgit, Reuters technical analyst Wang Tao said.

MARKET NEWS
Asia-Pacific stocks fell on Friday, slumping toward a second weekly loss as investors fretted about the potential for further Federal Reserve tightening and the effect on the U.S. economy.
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В среду, 1 февраля 2023 года, правительство Индонезии начало обязательную программу производства биодизеля на основе пальмового масла 35% (B35). B35 представляет собой смесь 35% биодизеля на основе пальмового масла (FAME) и 65% дизельного топлива - the Indonesian Palm Oil Association (GAPKI)
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Индонезия не должна бояться потерять Европейский Союз или ЕС, поскольку у страны есть много других рынков для экспорта своего основного товара - the Indonesian Palm Oil Association (GAPKI)
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GRAINS-U.S. soybeans edge higher with drought-hit Argentine crops in focus

Feb 9 (Reuters) - Chicago soybean futures were slightly firmer in choppy Asian trading on Thursday, as traders weighed the impact of dry weather conditions in Argentina while also taking into account a larger-than-expected build in U.S. stockpiles.

Wheat and corn pulled back after advancing in the previous session.

FUNDAMENTALS
The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) was up 0.2% at $15.22-1/4 a bushel, as of 0219 GMT.

CBOT wheat Wv1 dropped 0.2% to $7.63-1/4 a bushel, while corn Cv1 also slipped 0.2% to $6.77-1/2 a bushel.

Soybean harvest in drought-hit Argentina, the world's third-biggest producer of the oilseed, will fall to 41.00 million tonnes, down from 45.50 million tonnes estimated in January, the U.S. Department of Agriculture (USDA) said in its latest monthly demand and supply report.

The country's corn harvest was pegged at 47 million tonnes, 5 million lower than the January outlook.

U.S. soybean end stocks were seen at 225 million bushels, up 15 million bushels from the January outlook due to a slower pace of crushing at processing plants in December following unusually bad weather, the USDA said.

The U.S. corn stockpile at the end of the 2022/23 marketing year would likely come in at 1.267 billion bushels, 25 million bushels higher than a month ago, the USDA said.

Analysts had been expecting the USDA report to show U.S. corn stocks of 1.266 billion bushels and soybean stocks of 211 million bushels, according to the average of estimates given in a Reuters poll.

Brazil's food supply and statistics agency Conab on Wednesday cut its forecast for the country's second corn crop, citing delays to soy harvesting.

China became the main destination of Brazilian corn exports in January by volume, surpassing traditional importers such as Japan, Iran and Spain, according to revised trade data released by the government on Wednesday.

Russia said on Wednesday that work to unblock Russian exports under the Black Sea grain deal was unsatisfactory, accusing the European Union of failing to deliver on its promises, the TASS news agency reported.

Ukraine grain exports in the 2022/23 season, which runs through to June, are down 29.2% to 28.2 million tonnes so far, due to a smaller harvest and logistical difficulties caused by the Russian invasion, agriculture ministry data showed on Wednesday.

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

MARKET NEWS
Asian shares tracked Wall Street lower on Thursday, as a number of U.S. Federal Reserve speakers echoed Chair Jerome Powell in saying that interest rates are set to go higher, capping risk sentiment, while the dollar hovered near one-month highs.
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VEGOILS-Palm oil edge lower on profit-taking, weaker rivals

SINGAPORE, Feb 9 (Reuters) - Malaysian palm oil futures slipped from a one-month high on Thursday as traders booked profits, with losses in rival edible oils on higher-than-expected U.S. supplies further weighing on palm.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 57 ringgit, or 1.43%, to 3,940 ringgit ($915.43) a tonne in early trade.

FUNDAMENTALS
Palm futures are headed marginally lower from profit booking and positioning ahead of Malaysia Palm Oil Board (MPOB) data due tomorrow, said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics.

Malaysia's palm oil exports likely slumped 21.7% to 1.15 million tonnes due to slowing shipments to largest consumers India and China, a Reuters survey showed on Monday.

The MPOB and cargo surveyors are scheduled to release key supply and demand data on Friday.

The U.S. Agriculture Department on Wednesday reported bigger-than-expected soybean supplies due to weaker domestic demand and lowered its forecast for Argentine soybean harvests.

Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.41%. Dalian's most-active soyoil contract DBYcv1 fell 0.71%, while its palm oil contract DCPcv1 gave up 0.72%.

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 drop to 3,888 ringgit per tonne, as a flat pattern from the Jan. 25 low of 3,721 ringgit may have completed, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS
Asian shares tracked Wall Street lower on Thursday, as a number of Federal Reserve speakers echoed Chair Jerome Powell in saying that interest rates are set to go higher, capping risk sentiment, while the dollar hovered near one-month highs.
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Malaysian palm oil industry has a long-term plan to address EU regulation
https://mpoc.org.my/malaysian-palm-oil-industry-has-a-long-term-plan-to-address-eu-regulation/

In the Malaysian palm oil sector, there is much concern about the European Union’s (EU’s) new Deforestation Regulation. This concern is justified: the regulation is thinly veiled protectionism, and will raise costs and lower incomes for both our small farmers and our successful companies. This is not the first such EU regulation to target palm […]
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Еженедельный обзор рынка пальмового масла
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Malaysian Palm Oil Council Russia's Post

В 2022 году экспорт всех растительных масел составил 4,6 млн т, на 2% больше, чем в 2021 году. Подсолнечного масла было вывезено 2,8 млн т, на 9% меньше, чем в 2021-м, соевого - 588 тыс. т (+12%), рапсового — 979 тыс. т (+22%), льняного — 29 тыс. т (+29%). Экспорт шротов составил более 3 млн т, что на 9% больше, чем в 2021 году - Исполнительный директор Масложирового союза Михаил Мальцев.
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Lower palm oil production, higher Ramadan Demand and tighter Indonesian exports support palm prices
2023/02/08 12:09 PM

2022/23 PALM OIL MARKET OUTLOOK UPDATE - FEBRUARY 2023

•    Regionally wet weather conditions reduced 2022/23 Indonesia palm oil production to 46.5 million metric tonnes (mt), down less than 1% from the last update

•    Elevated flooding risks and reduced planted areas lowered our 2022/23 Malaysia palm oil production estimate to 18.7 million mt, down less than 1% from the last update.

•    2022/23 world palm oil imports are estimated at 49.5 million mt, inching lower from last month's estimates at 49.6 million mt, and up 15.9% from the 2021/22 season. Global demand for palm oil is expected to be supported by persistent wide discounts of palm oil prices over rival vegetable oils, and prospects for higher import growth from key consuming countries.

•    The low crop season and unfavourable wet weather conditions in H2 January maintained high flooding risks, fuelling concerns over palm oil supplies. Meanwhile, there are also concerns over Ukraine's lower sunflower seed crop due to the war, drought, and low vegetation density in Argentina that will likely worsen soybean crop yields and the impact of La Niña transitioning into El Niño.

•    On the demand side, stronger Malaysian Ringgit and Indonesian Rupiah prompted palm oil to become slightly expensive for international buyers. High palm oil stocks in many key destinations (including China, India, etc.), the winter season, and the Lunar New Year holiday break curbed exports during January. However, demand for palm oil is expected to improve ahead of Ramadan, which falls in March 2022. Countries celebrating the festival will typically ramp up purchases to meet festive demand. Palm oil price discounts to rival oils remain attractive, which may still support palm oil purchases from importing countries.

•    Looking ahead, attention will be focussed on Malaysia's migrant worker arrivals, high flooding risks in the region, potentially tighter Indonesian palm oil exports and higher Ramadan festive demand. External factors that bear watching include the soybean crop development in South America, the Black Sea grain corridor and global recession jitters in 2023.
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Indonesia to review palm oil export quota
https://mpoc.org.my/indonesia-to-review-palm-oil-export-quota/

JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs. Indonesia imposes a so-called “domestic market obligation” (DMO) on palm oil, whereby companies are allowed to export only after they have sold a portion of their […]
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U.S. Announcement is Positive for the Entire Palm Oil Sector; Follows Months of Engagement by Industry Leaders and MPOC
https://mpoc.org.my/u-s-announcement-is-positive-for-the-entire-palm-oil-sector-follows-months-of-engagement-by-industry-leaders-and-mpoc/

U.S. ANNOUNCEMENT IS POSITIVE FOR THE ENTIRE PALM OIL SECTOR; FOLLOWS MONTHS OF ENGAGEMENT BY INDUSTRY LEADERS AND MPOC Petaling Jaya, Selangor – The U.S. Customs & Border Protection (CBP) has modified its forced labour finding against Sime Darby Plantation (SDP), one of the largest sustainable palm oil producers in Malaysia, following an extensive review of […]
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Рекордный урожай зерна 2022 года и связанные с санкциями логистические сложности привели к тому, что в России скопились излишки нереализованного аграриями зерна. В хранилищах лежат десятки миллионов тонн – речь может идти о запасах стоимостью 260 млрд руб., оценили аналитики «Яков и партнеры» (ранее McKinsey). Эти запасы находятся в зоне риска, обычно связанного с долгосрочным хранением и «съедают» ощутимую часть маржи, предупреждают аналитики. Чтобы избежать рисков, России, по мнению аналитиков, необходимо будет экспортировать каждый месяц объем зерновых, близкий к рекордному, — более 4 млн т.
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Performance and Outlook of Turkish Vegetable Oil Sector
https://mpoc.org.my/performance-and-outlook-of-turkish-vegetable-oil-sector/

Turkey is considered to be the gateway between Europe and Asia; it is a Eurasian country located on the Mediterranean, stretching across the Anatolian peninsula in southwest Asia and the Balkan region of southeastern Europe. It is bordered by the Black Sea, the Marmara Sea, the Aegean Sea, and the Mediterranean Sea. Turkey’s neighboring countries […]
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Indonesia to suspend some palm oil export permits – officials
https://mpoc.org.my/indonesia-to-suspend-some-palm-oil-export-permits-officials/

JAKARTA, Feb 6 (Reuters) – Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday. Palm oil exporters had accumulated large shipment quotas last year and they now had little […]
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Страны ЕС достигли договоренности о введении потолка цен на нефтепродукты из России на уровне $100 за баррель торгующихся с премией, и $45 за баррель торгующихся со скидкой — Reuters.
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US finds Sime Darby no longer using forced labour for palm oil
https://mpoc.org.my/us-finds-sime-darby-no-longer-using-forced-labour-for-palm-oil/

(Feb 3): Sime Darby Plantation Bhd, the world’s largest oil palm grower, was found to no longer be using forced labour, clearing a path for US Customs to lift a ban on the Malaysian firm’s products. The planter’s palm oil and derivative products “are no longer mined, produced, or manufactured in any part with forced […]
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U.S. says Sime Darby Plantation products no longer produced with forced labour
https://mpoc.org.my/u-s-says-sime-darby-plantation-products-no-longer-produced-with-forced-labour/

KUALA LUMPUR, Feb 3 (Reuters) – U.S. customs authorities said palm oil products made by Sime Darby Plantation were no longer produced with forced labour, in a sign that a two-year import ban on the Malaysian firm will soon be lifted. Goods made by Sime Darby Plantation, the world’s largest palm oil company by […]
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Daily Palm Oil Price (31 January 2023): RM3,815.00
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Malaysian Palm Oil Council Russia's Post

Malaysia, Indonesia to continue collaboration to counter palm oil criticism, says DPM Fadillah
https://mpoc.org.my/malaysia-indonesia-to-continue-collaboration-to-counter-palm-oil-criticism-says-dpm-fadillah/

BANGI, Jan 31 — Malaysia will continue to collaborate with Indonesia to counter the European Union’s (EU) criticism against palm oil, said Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof. He said Malaysia and Indonesia will talk about the laws which banned the sale of palm oil and other commodities linked […]
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WHO warning A BOON for palm oil
https://mpoc.org.my/who-warning-a-boon-for-palm-oil/

LETTER: IT was in the early 1990s when it became clear that trans fat was the real culprit behind the rise in cardiovascular diseases around the world. Prior to that, saturated fats were always the bad boy. When scientists found out that trans fat was more deleterious, the news shocked the world’s oils and fats trade. […]
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The Prime Minister of Kazakhstan ordered to shut down the county's trade mission in Russia.

Казахстан собирается ликвидировать торговое представительство в России
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Мощности российских маслоэкстракционных заводов за год увеличились на 1,8 млн тонн – до 29 млн тонн - OleoScope
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