South Asia (Jan – Jul) 2023
https://mpoc.org.my/south-asia-jan-jul-2023/
Malaysian Palm Oil Export to South Asia Region(January-July 2023)A Review on MPO Export Performance Table 1: A Review on MPO Export Performance (MT) No. Country Jan-Jul2023 Jan-Jul2022 Diff (Vol) Diff (%) 1. India 1,576,420 1,651,464 (75,044) (4.54) 2. Pakistan 277,577 273,351 4,225 1.55 3. Bangladesh 142,400 148,991 (6,591) (4.42) 4. Afghanistan 114,448 79,255 35,193 44.41 […]
By: via Malaysian Palm Oil Council Russia
четверг, 31 августа 2023 г.
среда, 30 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
MENA & Balkan (Jan – Jul) 2023
https://mpoc.org.my/mena-balkan-jan-jul-2023/
Malaysian Palm Oil Exports Performance to MENA & Western Balkan Region(January – July 2023)A Review on MPO Performance Middle East COUNTRY Jan-July 2023 Jan-July 2022 Change(MT) Change(%) 1 TURKIYE 468,074 540,620 (72,546) (13.42) 2 SAUDI ARABIA 240,604 330,248 (89,643) (27.14) 3 IRAN 162,328 238,588 (76,259) (31.96) 4 U.A.E 105,882 172,552 (66,670) (38.64) 5 YEMEN […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mena-balkan-jan-jul-2023/
Malaysian Palm Oil Exports Performance to MENA & Western Balkan Region(January – July 2023)A Review on MPO Performance Middle East COUNTRY Jan-July 2023 Jan-July 2022 Change(MT) Change(%) 1 TURKIYE 468,074 540,620 (72,546) (13.42) 2 SAUDI ARABIA 240,604 330,248 (89,643) (27.14) 3 IRAN 162,328 238,588 (76,259) (31.96) 4 U.A.E 105,882 172,552 (66,670) (38.64) 5 YEMEN […]
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Malaysian Palm Oil Council Russia's Post
Europe (Jan – Jul) 2023
https://mpoc.org.my/europe-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – July 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-July 23 Jan-July 22 Change (MT) Change (%) Jan-Dec 2022 EU-27 Netherlands 295,066 477,671 (182,605) (38.23) 818,045 Italy 109,491 149,652 (40,161) (26.84) […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/europe-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – July 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-July 23 Jan-July 22 Change (MT) Change (%) Jan-Dec 2022 EU-27 Netherlands 295,066 477,671 (182,605) (38.23) 818,045 Italy 109,491 149,652 (40,161) (26.84) […]
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Malaysian Palm Oil Council Russia's Post
Africa (Jan – Jul) 2023
https://mpoc.org.my/africa-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – Jul 2023)A Review on MPO Export Performance North Africa Malaysian palm oil export to North Africa during Jan – July declined by 7.5% or 33,359 MT lower compared to the volume recorded in the same period of 2022. The decline was mainly due to lower […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/africa-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – Jul 2023)A Review on MPO Export Performance North Africa Malaysian palm oil export to North Africa during Jan – July declined by 7.5% or 33,359 MT lower compared to the volume recorded in the same period of 2022. The decline was mainly due to lower […]
By: via Malaysian Palm Oil Council Russia
вторник, 29 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat edges higher after survey shows lower Canadian crop
CANBERRA, Aug 30 (Reuters) - Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.
Soybean and corn prices stabilised after falling on Tuesday, when U.S. government data showed that hot and dry weather had not damaged U.S. crops as much as thought.
FUNDAMENTALS
The most active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.2% at $6.01-1/2 a bushel, as of 0116 GMT. Soybeans Sv1 were unchanged at $13.92-1/2 a bushel and corn Cv1 was up 0.2% at $4.87-1/2 a bushel.
Wheat production in Canada fell by 14.2% in 2023 compared to 2022, a Statistics Canada survey showed on Tuesday, due to lower-than-average precipitation and high temperatures.
However, Chicago wheat prices are down nearly 10% this month, with the market well supplied by cheap Russian grain.
Russia's Sovecon agriculture consultancy on Monday raised its forecast for this year's Russian harvest to 92.1 million metric tons from 87.1 million tons.
A Ukrainian official told Reuters that farmers were not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the war with Russia.
Data showed that soft wheat exports from the European Union in the 2023/24 season fell to 4.49 million metric tons by Aug. 27 from 6.31 million tons a year before.
In the soybean market, prices were supported by the U.S. Department of Agriculture (USDA) confirming private sales of 246,100 metric tons of U.S. soybeans and 105,000 metric tons of U.S. soybean meal for shipment to unknown destinations in the 2023/24 marketing year.
Soybean prices have risen around 4.5% this month as hot, dry weather in the United states damages crops at a crucial development phase.
Dry weather is expected to continue over the next few weeks but U.S. government data on Monday showed the damage to soybeans and corn was less severe than feared.
Soybeans are trading at their highest levels relative to corn since late 2016, which could lead to overproduction of U.S. soybeans in the coming years, moderating prices.
A Farm Futures magazine survey of U.S. planting intentions for 2024 found that growers expect to increase plantings of soybeans and wheat while reducing corn.
Brazil's soybean exports could reach 7.37 million metric tons in August, up from 5.05 million metric tons the same month a year ago, grain export group ANEC said.
Commodity funds were net sellers of Chicago Board of Trade wheat, soybean, corn, soymeal and soyoil on Tuesday, traders said.
MARKETS NEWS
Wall Street surged on Tuesday and Treasury yields dropped amid light, pre-holiday trading as a smattering of weak data had investors changing their expectations for U.S. monetary policy.
By: via Malaysian Palm Oil Council Russia
CANBERRA, Aug 30 (Reuters) - Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.
Soybean and corn prices stabilised after falling on Tuesday, when U.S. government data showed that hot and dry weather had not damaged U.S. crops as much as thought.
FUNDAMENTALS
The most active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.2% at $6.01-1/2 a bushel, as of 0116 GMT. Soybeans Sv1 were unchanged at $13.92-1/2 a bushel and corn Cv1 was up 0.2% at $4.87-1/2 a bushel.
Wheat production in Canada fell by 14.2% in 2023 compared to 2022, a Statistics Canada survey showed on Tuesday, due to lower-than-average precipitation and high temperatures.
However, Chicago wheat prices are down nearly 10% this month, with the market well supplied by cheap Russian grain.
Russia's Sovecon agriculture consultancy on Monday raised its forecast for this year's Russian harvest to 92.1 million metric tons from 87.1 million tons.
A Ukrainian official told Reuters that farmers were not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the war with Russia.
Data showed that soft wheat exports from the European Union in the 2023/24 season fell to 4.49 million metric tons by Aug. 27 from 6.31 million tons a year before.
In the soybean market, prices were supported by the U.S. Department of Agriculture (USDA) confirming private sales of 246,100 metric tons of U.S. soybeans and 105,000 metric tons of U.S. soybean meal for shipment to unknown destinations in the 2023/24 marketing year.
Soybean prices have risen around 4.5% this month as hot, dry weather in the United states damages crops at a crucial development phase.
Dry weather is expected to continue over the next few weeks but U.S. government data on Monday showed the damage to soybeans and corn was less severe than feared.
Soybeans are trading at their highest levels relative to corn since late 2016, which could lead to overproduction of U.S. soybeans in the coming years, moderating prices.
A Farm Futures magazine survey of U.S. planting intentions for 2024 found that growers expect to increase plantings of soybeans and wheat while reducing corn.
Brazil's soybean exports could reach 7.37 million metric tons in August, up from 5.05 million metric tons the same month a year ago, grain export group ANEC said.
Commodity funds were net sellers of Chicago Board of Trade wheat, soybean, corn, soymeal and soyoil on Tuesday, traders said.
MARKETS NEWS
Wall Street surged on Tuesday and Treasury yields dropped amid light, pre-holiday trading as a smattering of weak data had investors changing their expectations for U.S. monetary policy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm marginally higher on rival edible oil gains, weak ringgit
SINGAPORE, Aug 30 (Reuters) - Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a softer ringgit.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 9 ringgit, or 0.23%, to 3,939 ringgit ($849.84) per metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 climbed 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
European Union soybean imports in the 2023/24 season had reached 2.16 million metric tons by Aug. 27, up 10% from 1.96 million tons a year earlier, data published by the European Commission showed on Tuesday.
India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century, two weather department officials told Reuters on Monday.
The Malaysian ringgit MYR=, palm's currency of trade, firmed 0.17% against the dollar, but remained near an over one-month low. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break a resistance at 3,963 ringgit per metric ton, and rise into the 4,017-4,050 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten down China stocks rose for a third straight day.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 30 (Reuters) - Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a softer ringgit.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 9 ringgit, or 0.23%, to 3,939 ringgit ($849.84) per metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 climbed 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
European Union soybean imports in the 2023/24 season had reached 2.16 million metric tons by Aug. 27, up 10% from 1.96 million tons a year earlier, data published by the European Commission showed on Tuesday.
India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century, two weather department officials told Reuters on Monday.
The Malaysian ringgit MYR=, palm's currency of trade, firmed 0.17% against the dollar, but remained near an over one-month low. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break a resistance at 3,963 ringgit per metric ton, and rise into the 4,017-4,050 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten down China stocks rose for a third straight day.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Saudi Arabia’s Animal Feed Industry: Opportunity for Malaysian Palm Oil
https://mpoc.org.my/saudi-arabias-animal-feed-industry-opportunity-for-malaysian-palm-oil/
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been receiving an increased number of visitors – both pilgrims and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/saudi-arabias-animal-feed-industry-opportunity-for-malaysian-palm-oil/
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been receiving an increased number of visitors – both pilgrims and […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 27 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm dips on weaker Malaysian exports, but rival oils cap losses
SINGAPORE, Aug 28 (Reuters) - Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange dropped 6 ringgit, or 0.15%, to 3,956 ringgit ($850.75) per metric ton in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products during Aug. 1-25 were seen falling between 4.3% and 7.8% from July 1-25 period, independent inspection company AmSpec Agri Malaysia and cargo surveyor Intertek Testing Services said on Friday.
Indonesia's palm oil exports, including refined products, in June stood at 3.45 million tons, while the stock by the end of June was at 3.69 million tons, data from the Indonesian Palm Oil Association showed.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 also climbed 1.4%. Soyoil prices on the Chicago Board of Trade BOcv1 advanced 0.5%.
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=, palm's currency of trade, weakened 0.26% against the dollar. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break resistance at 4,000 ringgit per metric ton and rise into a 4,080-4,135 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again.
Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 28 (Reuters) - Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange dropped 6 ringgit, or 0.15%, to 3,956 ringgit ($850.75) per metric ton in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products during Aug. 1-25 were seen falling between 4.3% and 7.8% from July 1-25 period, independent inspection company AmSpec Agri Malaysia and cargo surveyor Intertek Testing Services said on Friday.
Indonesia's palm oil exports, including refined products, in June stood at 3.45 million tons, while the stock by the end of June was at 3.69 million tons, data from the Indonesian Palm Oil Association showed.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 also climbed 1.4%. Soyoil prices on the Chicago Board of Trade BOcv1 advanced 0.5%.
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=, palm's currency of trade, weakened 0.26% against the dollar. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break resistance at 4,000 ringgit per metric ton and rise into a 4,080-4,135 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again.
Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
By: via Malaysian Palm Oil Council Russia
суббота, 26 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Five EU countries want to extend the ban on the import of Ukrainian grain until the end of the year.
These are Bulgaria, Poland, Romania, Slovakia and Hungary. Polish Agriculture Minister Robert Telus said that even if the EU ban cannot be extended, some countries plan to introduce their own restrictions.
Import restrictions, which were introduced earlier, are valid until September 15.
The Ministry of Foreign Affairs of Ukraine has already responded to this statement. They say that the continuation of the ban on the import of Ukrainian products is unacceptable and called on the EU leadership to find a balanced solution.
By: via Malaysian Palm Oil Council Russia
These are Bulgaria, Poland, Romania, Slovakia and Hungary. Polish Agriculture Minister Robert Telus said that even if the EU ban cannot be extended, some countries plan to introduce their own restrictions.
Import restrictions, which were introduced earlier, are valid until September 15.
The Ministry of Foreign Affairs of Ukraine has already responded to this statement. They say that the continuation of the ban on the import of Ukrainian products is unacceptable and called on the EU leadership to find a balanced solution.
By: via Malaysian Palm Oil Council Russia
пятница, 25 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Производители продуктов питания предложили привязать цены к курсу валют. С такой инициативой ассоциация «Руспродсоюз» обратилась в Межотраслевой экспертный совет.
Меньше чем за год доллар вырос на 44%, евро — на 78%, а юань — на 60%. Кроме того, Центробанк повысил ставку рефинансирования с 8,5 до 12%, что привело к подорожанию кредитов.
By: via Malaysian Palm Oil Council Russia
Меньше чем за год доллар вырос на 44%, евро — на 78%, а юань — на 60%. Кроме того, Центробанк повысил ставку рефинансирования с 8,5 до 12%, что привело к подорожанию кредитов.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia’s palm oil board, Petronas to study use of palm waste for SAF
August 23, 2023 | Juan Pedro Tomas
In Malaysia, Reuters reported that Malaysia’s palm oil board and state oil company Petronas have signed an agreement with the aim of studying the use of used cooking oil and palm oil waste as sustainable aviation fuel.
The two entities signed a memorandum of understanding (MoU) on August 14 to explore the potential of palm-based products and wastes, such as used cooking oil and palm oil mill effluent, as the main raw materials for local bio-refineries to produce SAF.
“The signing of the MoU is also in line with the National Energy Policy 2022-2040 to reduce carbon emissions and make the energy sector a catalyst for the nation’s socioeconomic development,” the Malaysian Palm Oil Board said in a statement.
By: via Malaysian Palm Oil Council Russia
August 23, 2023 | Juan Pedro Tomas
In Malaysia, Reuters reported that Malaysia’s palm oil board and state oil company Petronas have signed an agreement with the aim of studying the use of used cooking oil and palm oil waste as sustainable aviation fuel.
The two entities signed a memorandum of understanding (MoU) on August 14 to explore the potential of palm-based products and wastes, such as used cooking oil and palm oil mill effluent, as the main raw materials for local bio-refineries to produce SAF.
“The signing of the MoU is also in line with the National Energy Policy 2022-2040 to reduce carbon emissions and make the energy sector a catalyst for the nation’s socioeconomic development,” the Malaysian Palm Oil Board said in a statement.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Heineken объявил о продаже своих активов в России.
В Heineken признали, что «сделка повлечет за собой ожидаемый общий совокупный убыток в размере €300 млн». Права обратного выкупа сделкой не предусмотрены.
Покупателем стал производитель парфюмерно-косметической и хозяйственно-бытовой продукции из Ставрополья «Арнест».
By: via Malaysian Palm Oil Council Russia
В Heineken признали, что «сделка повлечет за собой ожидаемый общий совокупный убыток в размере €300 млн». Права обратного выкупа сделкой не предусмотрены.
Покупателем стал производитель парфюмерно-косметической и хозяйственно-бытовой продукции из Ставрополья «Арнест».
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Вопрос создания единой валюты БРИКС никогда не обсуждался даже на неформальных встречах, заявил министр финансов ЮАР.
По его словам, страны блока ищут другие способы снизить зависимость от доллара, например, торговлю напрямую в национальных валютах.
By: via Malaysian Palm Oil Council Russia
По его словам, страны блока ищут другие способы снизить зависимость от доллара, например, торговлю напрямую в национальных валютах.
By: via Malaysian Palm Oil Council Russia
среда, 23 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm gains over 2% on recovery of Dalian edible oils
SINGAPORE, Aug 24 (Reuters) - Malaysian palm oil futures surged on Thursday, snapping a two-day downturn, on the back of higher prices of bean and palm oil on the Dalian exchange.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange jumped 86 ringgit, or 2.22%, to 3,915 ringgit ($843.75) per metric ton in early trade, paring losses from the previous session.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 strengthened 2.6%, while its palm oil contract DCPcv1 grew 1.9%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Malaysia maintained its export tax for crude palm oil for September at 8% and increased its reference price, according to a Malaysian Palm Oil Board circular.
Production at South Peninsular Palm Oil Mills Association mills showed better recovery than anticipated during Aug. 1-20, up 7% from last month.
Palm oil FCPOc3 may approach its Aug. 21 high of 3,978 ringgit per metric ton, as it has stabilised around a support of 3,820 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia NVDA.O boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.
Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected drop in U.S. crude stocks.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 24 (Reuters) - Malaysian palm oil futures surged on Thursday, snapping a two-day downturn, on the back of higher prices of bean and palm oil on the Dalian exchange.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange jumped 86 ringgit, or 2.22%, to 3,915 ringgit ($843.75) per metric ton in early trade, paring losses from the previous session.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 strengthened 2.6%, while its palm oil contract DCPcv1 grew 1.9%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Malaysia maintained its export tax for crude palm oil for September at 8% and increased its reference price, according to a Malaysian Palm Oil Board circular.
Production at South Peninsular Palm Oil Mills Association mills showed better recovery than anticipated during Aug. 1-20, up 7% from last month.
Palm oil FCPOc3 may approach its Aug. 21 high of 3,978 ringgit per metric ton, as it has stabilised around a support of 3,820 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia NVDA.O boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.
Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected drop in U.S. crude stocks.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia keeps September crude palm oil export duty at 8%
https://mpoc.org.my/malaysia-keeps-september-crude-palm-oil-export-duty-at-8/
KUALA LUMPUR: Malaysia maintained its export tax for crude palm oil at 8% for September and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday. The world’s second-largest palm exporter calculated a reference price of 3,755.13 ringgit ($808.08) per metric ton for September. The August reference price was […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysia-keeps-september-crude-palm-oil-export-duty-at-8/
KUALA LUMPUR: Malaysia maintained its export tax for crude palm oil at 8% for September and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday. The world’s second-largest palm exporter calculated a reference price of 3,755.13 ringgit ($808.08) per metric ton for September. The August reference price was […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Financial Times: Новый банк развития, созданный странами БРИКС, был вынужден "приостановить все операции в России", которая является членом альянса, чтобы избежать санкций и отключения от международной финансовой системы.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
вторник, 22 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm extends declines on weaker rival oils, growing supply
SINGAPORE, Aug 23 (Reuters) - Malaysian palm oil futures continued to slide on Wednesday, dragged lower by softer rival oils and increased output from South Peninsular palm oil mills.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slipped 32 ringgit, or 0.83%, to 3,834 ringgit ($824.34) per metric ton in early trade, down for a second consecutive day.
FUNDAMENTALS
Malaysia maintained its export tax for crude palm oil for September at 8% and increased its reference price, according to a Malaysian Palm Oil Board circular.
Production at South Peninsular Palm Oil Mills Association mills showed better recovery than anticipated during Aug. 1-20, up 7% from last month.
Dalian's most-active soyoil contract DBYcv1 dipped 0.2%, while its palm oil contract DCPcv1 lost 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.3%.
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=, palm's currency of trade, softened 0.11% to 4.65 against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may test a support of 3,778 ringgit per metric ton, a break below which could open the way towards 3,676 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 23 (Reuters) - Malaysian palm oil futures continued to slide on Wednesday, dragged lower by softer rival oils and increased output from South Peninsular palm oil mills.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slipped 32 ringgit, or 0.83%, to 3,834 ringgit ($824.34) per metric ton in early trade, down for a second consecutive day.
FUNDAMENTALS
Malaysia maintained its export tax for crude palm oil for September at 8% and increased its reference price, according to a Malaysian Palm Oil Board circular.
Production at South Peninsular Palm Oil Mills Association mills showed better recovery than anticipated during Aug. 1-20, up 7% from last month.
Dalian's most-active soyoil contract DBYcv1 dipped 0.2%, while its palm oil contract DCPcv1 lost 1.1%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.3%.
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=, palm's currency of trade, softened 0.11% to 4.65 against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may test a support of 3,778 ringgit per metric ton, a break below which could open the way towards 3,676 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile.
By: via Malaysian Palm Oil Council Russia
понедельник, 21 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Malaysian palm oil tracks rival Dalian edible oils over 1% lower
SINGAPORE, Aug 22 (Reuters) - Malaysian palm oil futures fell on Tuesday following a dip in rival Dalian edible oils, although strong export data helped limit losses.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 60 ringgit, or 1.52%, to 3,876 ringgit ($833.91) per metric ton in early trade, erasing gains from the prior session.
FUNDAMENTALS
Exports of Malaysian palm oil products for Aug. 1-20 rose between 9.8% and 17.4% from the same period a month earlier cargo surveyors Intertek Testing Services and Amspec Agri said.
Dalian's most-active soyoil contract DBYcv1 dipped 0.4%, while its palm oil contract DCPcv1 lost 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 edged up 0.1%.
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=, palm's currency of trade, has been hovering near a more than one-month low since last Thursday. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil may retest a support of 3,861 ringgit per metric ton, a break below which could open the way towards 3,778 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound.
Oil prices were up in early trade ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 22 (Reuters) - Malaysian palm oil futures fell on Tuesday following a dip in rival Dalian edible oils, although strong export data helped limit losses.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 60 ringgit, or 1.52%, to 3,876 ringgit ($833.91) per metric ton in early trade, erasing gains from the prior session.
FUNDAMENTALS
Exports of Malaysian palm oil products for Aug. 1-20 rose between 9.8% and 17.4% from the same period a month earlier cargo surveyors Intertek Testing Services and Amspec Agri said.
Dalian's most-active soyoil contract DBYcv1 dipped 0.4%, while its palm oil contract DCPcv1 lost 0.9%. Soyoil prices on the Chicago Board of Trade BOcv1 edged up 0.1%.
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=, palm's currency of trade, has been hovering near a more than one-month low since last Thursday. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil may retest a support of 3,861 ringgit per metric ton, a break below which could open the way towards 3,778 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound.
Oil prices were up in early trade ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Согласно оценкам министерства сельского хозяйства Испании, производство оливкового масла в период сельскохозяйственного 2022/2023 года составило 675 тысяч тонн, что на 54,7% меньше, чем в предыдущий период. Этот показатель значительно отстает от объемов, которые обычно производит Испания в среднем — 1,4 миллиона тонн. Как собщает испанская газета Mundo, засуха и высокие температуры привели к худшему сельскохозяйственному году 21 века, а ожидания от следующих сезонов также неутешительны. Цены на оливковое масло выросли более чем на 20% по сравнению с предыдущими показателями и продолжают расти.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
пятница, 18 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Согласно оценкам министерства сельского хозяйства Испании, производство оливкового масла в период сельскохозяйственного 2022/2023 года составило 675 тысяч тонн, что на 54,7% меньше, чем в предыдущий период.
Этот показатель значительно отстает от объемов, которые обычно производит Испания в среднем — 1,4 миллиона тонн. Как собщает испанская газета Mundo, засуха и высокие температуры привели к худшему сельскохозяйственному году 21 века, а ожидания от следующих сезонов также неутешительны.
Цены на оливковое масло выросли более чем на 20% по сравнению с предыдущими показателями и продолжают расти.
By: via Malaysian Palm Oil Council Russia
Этот показатель значительно отстает от объемов, которые обычно производит Испания в среднем — 1,4 миллиона тонн. Как собщает испанская газета Mundo, засуха и высокие температуры привели к худшему сельскохозяйственному году 21 века, а ожидания от следующих сезонов также неутешительны.
Цены на оливковое масло выросли более чем на 20% по сравнению с предыдущими показателями и продолжают расти.
By: via Malaysian Palm Oil Council Russia
среда, 16 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
США ведут переговоры с Турцией, Украиной и соседними с ней странами о расширении альтернативных экспортных маршрутов зерна, пишет The Wall Street Journal со ссылкой на источники.
Согласно плану, к октябрю Украина наладит экспорт 4 млн тонн зерна в месяц по Дунаю, большая часть агропродукции будет перевозиться в румынские порты, а затем — в другие пункты назначения.
США изучают все потенциальные варианты, в том числе военные, для защиты судов, идущих в украинские порты на Дунае и из них.
By: via Malaysian Palm Oil Council Russia
Согласно плану, к октябрю Украина наладит экспорт 4 млн тонн зерна в месяц по Дунаю, большая часть агропродукции будет перевозиться в румынские порты, а затем — в другие пункты назначения.
США изучают все потенциальные варианты, в том числе военные, для защиты судов, идущих в украинские порты на Дунае и из них.
By: via Malaysian Palm Oil Council Russia
вторник, 15 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Latvia is ready to participate in the transportation of Ukrainian grain through its railway from autumn.
This was announced by the Chairman of the Board of the Latvian Railway, Rinalds Pliavnieks.
According to him, the technical base already allows 500,000 to 1 million tons of grain to be transported through them per year.
At the same time, Plävnieks admitted that he had previously been skeptical about the ability of their railway to transport grain on an industrial scale.
By: via Malaysian Palm Oil Council Russia
This was announced by the Chairman of the Board of the Latvian Railway, Rinalds Pliavnieks.
According to him, the technical base already allows 500,000 to 1 million tons of grain to be transported through them per year.
At the same time, Plävnieks admitted that he had previously been skeptical about the ability of their railway to transport grain on an industrial scale.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil advances to nine-day high on rising exports, weak ringgit
KUALA LUMPUR, Aug 16 (Reuters) - Malaysian palm oil futures jumped for a second straight session on Wednesday and hit a nine-day high after a surge in exports during the first half of August and as the ringgit weakened.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 38 ringgit, or 1%, to 3,843 ringgit ($828.77) per metric ton during early trade, its highest since Aug. 7.
FUNDAMENTALS
Indonesia has set its crude palm oil (CPO) reference price lower at $820.35 per metric ton for Aug. 16-31, effectively keeping its CPO tax and levy unchanged, according to a trade ministry regulation.
Exports from Malaysia during Aug. 1-15 rose 18.9% from the same period in July, cargo surveyor Intertek Testing Services said on Tuesday.
Another cargo surveyor, Amspec Agri, said exports jumped 24.2%.
The ringgit MYR=, palm's currency of trade, continued its downward trajectory against the dollar for the fifth consecutive day, making the commodity cheaper for buyers holding foreign currency.
Dalian's most-active soyoil contract DBYcv1 gained 0.5%, while its palm oil contract DCPcv1 jumped 1.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 3,778-3,861 ringgit per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks hit an 11-week low on Wednesday as renewed concerns about U.S. interest rates slugged Wall Street, while investors still smarted from dismal Chinese economic data and the absence of meaningful stimulus.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 16 (Reuters) - Malaysian palm oil futures jumped for a second straight session on Wednesday and hit a nine-day high after a surge in exports during the first half of August and as the ringgit weakened.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 38 ringgit, or 1%, to 3,843 ringgit ($828.77) per metric ton during early trade, its highest since Aug. 7.
FUNDAMENTALS
Indonesia has set its crude palm oil (CPO) reference price lower at $820.35 per metric ton for Aug. 16-31, effectively keeping its CPO tax and levy unchanged, according to a trade ministry regulation.
Exports from Malaysia during Aug. 1-15 rose 18.9% from the same period in July, cargo surveyor Intertek Testing Services said on Tuesday.
Another cargo surveyor, Amspec Agri, said exports jumped 24.2%.
The ringgit MYR=, palm's currency of trade, continued its downward trajectory against the dollar for the fifth consecutive day, making the commodity cheaper for buyers holding foreign currency.
Dalian's most-active soyoil contract DBYcv1 gained 0.5%, while its palm oil contract DCPcv1 jumped 1.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil looks neutral in a range of 3,778-3,861 ringgit per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks hit an 11-week low on Wednesday as renewed concerns about U.S. interest rates slugged Wall Street, while investors still smarted from dismal Chinese economic data and the absence of meaningful stimulus.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Банк России на внеочередном заседании повысил ключевую ставку с 8,5% годовых до 12%.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Global Movement against Trans Fat: The Growing Trend of Restriction and Reformulation
https://mpoc.org.my/global-movement-against-trans-fat-the-growing-trend-of-restriction-and-reformulation/
Cardiovascular diseases (CVDs) encompass a range of conditions affecting the heart and blood vessels, including heart attack, stroke, and various other related ailments. They are the leading cause of death globally, claiming an estimated 17.9 million lives each year. One of the risk factors for CVDs is the excessive consumption of trans-fat, especially industrially-produced trans-fats, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/global-movement-against-trans-fat-the-growing-trend-of-restriction-and-reformulation/
Cardiovascular diseases (CVDs) encompass a range of conditions affecting the heart and blood vessels, including heart attack, stroke, and various other related ailments. They are the leading cause of death globally, claiming an estimated 17.9 million lives each year. One of the risk factors for CVDs is the excessive consumption of trans-fat, especially industrially-produced trans-fats, […]
By: via Malaysian Palm Oil Council Russia
понедельник, 14 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
ЦБ не видит позитива
(по материалам стати Ольги Беленькой)
Опубликованный в пятницу проект "Основных направлений единой государственной денежно кредитной политики на 2024 год и период 2025 и 2026 годов" (ОНЕГДКП) рассматривает 3 сценария макроэкономического развития – Базовый, "Усиление фрагментации" и "Рисковый".
Альтернативные сценарии отличаются только сочетанием внешних условий. Для всех секнариев переводно просмотров на 50 б.п. Прогнозный диапазон нейтральной ключевой ставки - сейчас это не 5-6%, а 5,5-6,5%, и ее достижение ожидается только с 2026 года. До этого времени значения ключевой ставки прогнозируются значительно выше, и чем пессимистичнее сценарий, тем выше будут инфляция и ключевая ставка. В базовом сценарии максимальный уровень средней ключевой ставки будет достигнут в 2024 г. (8,5-9,5%), в сценарии нарастания фрагментации она достигнет пика 11-12%, а в рисковом сценарии 12,5 -13,5%. Таким образом, прогнозы ЦБ предполагают, что курс в ближайшие 2 года будет держаться на значениях, близких к двузначным. Восстановительный рост российской экономики (+1,5–2,5%) завершится в этом году, а в 2024–2025 годах темпы роста будут ниже, вернувшись на траекторию сбалансированного роста (1,5–2,5%) только в 2026 году. В сценарии повышенной фрагментации предполагается стагнация/мягкая рецессия экономики в 2024 г. и рост в пределах 1% в 2025 г. В рискованном сценарии прогнозируется 2-летняя рецессия.
By: via Malaysian Palm Oil Council Russia
(по материалам стати Ольги Беленькой)
Опубликованный в пятницу проект "Основных направлений единой государственной денежно кредитной политики на 2024 год и период 2025 и 2026 годов" (ОНЕГДКП) рассматривает 3 сценария макроэкономического развития – Базовый, "Усиление фрагментации" и "Рисковый".
Альтернативные сценарии отличаются только сочетанием внешних условий. Для всех секнариев переводно просмотров на 50 б.п. Прогнозный диапазон нейтральной ключевой ставки - сейчас это не 5-6%, а 5,5-6,5%, и ее достижение ожидается только с 2026 года. До этого времени значения ключевой ставки прогнозируются значительно выше, и чем пессимистичнее сценарий, тем выше будут инфляция и ключевая ставка. В базовом сценарии максимальный уровень средней ключевой ставки будет достигнут в 2024 г. (8,5-9,5%), в сценарии нарастания фрагментации она достигнет пика 11-12%, а в рисковом сценарии 12,5 -13,5%. Таким образом, прогнозы ЦБ предполагают, что курс в ближайшие 2 года будет держаться на значениях, близких к двузначным. Восстановительный рост российской экономики (+1,5–2,5%) завершится в этом году, а в 2024–2025 годах темпы роста будут ниже, вернувшись на траекторию сбалансированного роста (1,5–2,5%) только в 2026 году. В сценарии повышенной фрагментации предполагается стагнация/мягкая рецессия экономики в 2024 г. и рост в пределах 1% в 2025 г. В рискованном сценарии прогнозируется 2-летняя рецессия.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia’s palm oil stocks rose 0.68 percent from the previous month to 1.73 million tons in July, official data showed Thursday.
According to the Malaysian Palm Oil Board (MPOB), Malaysia’s crude palm oil production also increased by 11.21 percent month on month to 1.61 million tons.
Meanwhile, its palm oil exports for the month grew 15.55 percent month on month to 1.35 million tons.
By: via Malaysian Palm Oil Council Russia
According to the Malaysian Palm Oil Board (MPOB), Malaysia’s crude palm oil production also increased by 11.21 percent month on month to 1.61 million tons.
Meanwhile, its palm oil exports for the month grew 15.55 percent month on month to 1.35 million tons.
By: via Malaysian Palm Oil Council Russia
четверг, 10 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set to post third weekly loss
KUALA LUMPUR, Aug 11 (Reuters) - Malaysian palm oil futures fell for a third session on Friday, tracking weakness in rival vegetable oils on the Dalian Commodity Exchange, and are set to post a third weekly loss.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange lost 30 ringgit, or 0.80%, to 3,698 ringgit ($807.95) per metric ton in early trade.
FUNDAMENTALS
India's demand for palm oil has been increasing as its discount to soyoil and sunoil has grown and the surge in demand is expected to assist Indonesia and Malaysia in bringing down their palm oil inventories.
Malaysia's end-July palm oil inventories rose to a five-month peak on higher production, data from the country's palm oil board showed on Thursday, but missed expectations as exports grew at a faster pace.
Exports of Malaysian palm oil products for August 1-10 were seen rose between 5.9% and 17.5%, data from cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia showed.
Dalian's most-active soyoil contract DBYcv1 lost 0.51%, while its palm oil contract DCPcv1 fell 0.99%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.05%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside.
Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 11 (Reuters) - Malaysian palm oil futures fell for a third session on Friday, tracking weakness in rival vegetable oils on the Dalian Commodity Exchange, and are set to post a third weekly loss.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange lost 30 ringgit, or 0.80%, to 3,698 ringgit ($807.95) per metric ton in early trade.
FUNDAMENTALS
India's demand for palm oil has been increasing as its discount to soyoil and sunoil has grown and the surge in demand is expected to assist Indonesia and Malaysia in bringing down their palm oil inventories.
Malaysia's end-July palm oil inventories rose to a five-month peak on higher production, data from the country's palm oil board showed on Thursday, but missed expectations as exports grew at a faster pace.
Exports of Malaysian palm oil products for August 1-10 were seen rose between 5.9% and 17.5%, data from cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia showed.
Dalian's most-active soyoil contract DBYcv1 lost 0.51%, while its palm oil contract DCPcv1 fell 0.99%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.05%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside.
Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia's palm oil inventories at the end of July rose 0.68% from the month before to 1.73 million metric tons, lower than forecast, data from the nation's palm oil board showed on Thursday.
Crude palm oil output jumped 11.21% to 1.61 million tons, according to the Malaysian Palm Oil Board.
Exports rose 15.55% to 1.35 million tons.
A Reuters survey pegged inventories at 1.79 million tons, rising by 4.2% higher from a month earlier. Production was forecast at 1.58 million tons, while exports were seen at 1.27 million tons. (Reporting by Mei Mei Chu)
By: via Malaysian Palm Oil Council Russia
Crude palm oil output jumped 11.21% to 1.61 million tons, according to the Malaysian Palm Oil Board.
Exports rose 15.55% to 1.35 million tons.
A Reuters survey pegged inventories at 1.79 million tons, rising by 4.2% higher from a month earlier. Production was forecast at 1.58 million tons, while exports were seen at 1.27 million tons. (Reporting by Mei Mei Chu)
By: via Malaysian Palm Oil Council Russia
среда, 9 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Доля юаня в российских валютных операциях увеличилась с 39,8 процента в июне до 44 процентов в июле.
По данным Bloomberg, с февраля 2023 года юань впервые заменил доллар США в качестве наиболее торгуемой иностранной валюты в России.
By: via Malaysian Palm Oil Council Russia
По данным Bloomberg, с февраля 2023 года юань впервые заменил доллар США в качестве наиболее торгуемой иностранной валюты в России.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Sabah earns RM6.22b from crude palm oil tax from 2018, among biggest earners for state coffers
https://mpoc.org.my/sabah-earns-rm6-22b-from-crude-palm-oil-tax-from-2018-among-biggest-earners-for-state-coffers/
KOTA KINABALU, Aug 8 — The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year. State finance assistant minister Datuk Julita Mojungki said the income from the State Sales Tax (SST) on crude palm oil was among the biggest […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/sabah-earns-rm6-22b-from-crude-palm-oil-tax-from-2018-among-biggest-earners-for-state-coffers/
KOTA KINABALU, Aug 8 — The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year. State finance assistant minister Datuk Julita Mojungki said the income from the State Sales Tax (SST) on crude palm oil was among the biggest […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm falls ahead of MPOB supply-demand report
KUALA LUMPUR, Aug 10 (Reuters) - Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, as traders awaited key palm oil board and cargo surveyor data due later in the day.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 40 ringgit, or 1.06%, to 3,731 ringgit ($816.05) per metric ton in early trade.
FUNDAMENTALS
The Malaysian Palm Oil Board (MPOB) is scheduled to release July supply and demand data later in the day. Cargo surveyors are also due to announce Aug. 1-10 export shipments data.
A Reuters survey estimated July inventories to rise 4.2% from the month before to a five-month high of 1.79 million tonnes as production climbed.
Dalian's most-active soyoil contract DBYcv1 gained 1.5%, while its palm oil contract DCPcv1 rose 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks lost ground, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path.
Oil prices fell in early Asian trade after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel stockpiles and Saudi and Russian output cuts.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 10 (Reuters) - Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, as traders awaited key palm oil board and cargo surveyor data due later in the day.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 40 ringgit, or 1.06%, to 3,731 ringgit ($816.05) per metric ton in early trade.
FUNDAMENTALS
The Malaysian Palm Oil Board (MPOB) is scheduled to release July supply and demand data later in the day. Cargo surveyors are also due to announce Aug. 1-10 export shipments data.
A Reuters survey estimated July inventories to rise 4.2% from the month before to a five-month high of 1.79 million tonnes as production climbed.
Dalian's most-active soyoil contract DBYcv1 gained 1.5%, while its palm oil contract DCPcv1 rose 0.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.6%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian stocks lost ground, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path.
Oil prices fell in early Asian trade after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel stockpiles and Saudi and Russian output cuts.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Морские терминалы на Азовском море прекратили принимать новое зерно от поставщиков из-за переполнения всех доступных хранилищ, сообщает аналитический центр «СовЭкон».
В результате у азовских терминалов сформировались пробки из железнодорожных составов, которые не могут разгрузиться, что провоцирует задержки в движении.
By: via Malaysian Palm Oil Council Russia
В результате у азовских терминалов сформировались пробки из железнодорожных составов, которые не могут разгрузиться, что провоцирует задержки в движении.
By: via Malaysian Palm Oil Council Russia
вторник, 8 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Palm Pulse August 2023
https://mpoc.org.my/palm-pulse-august-2023/
MPOC is pleased to introduce the fourth issue of Palm Pulse, our monthly newsletter dedicated to bring you latest market updates and insights on the palm oil industry. Stay ahead of the curve in this rapidly evolving industry by downloading a copy via the links below. To view with Desktop mode Download Desktop Version To […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-pulse-august-2023/
MPOC is pleased to introduce the fourth issue of Palm Pulse, our monthly newsletter dedicated to bring you latest market updates and insights on the palm oil industry. Stay ahead of the curve in this rapidly evolving industry by downloading a copy via the links below. To view with Desktop mode Download Desktop Version To […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
South Asia (Jan – June) 2023
https://mpoc.org.my/south-asia-jan-june-2023/
Malaysian Palm Oil Export to South Asia Region(January-June 2023)A Review on MPO Export Performance Table 1: A Review on MPO Export Performance (MT) No. Country Jan-Jun2023 Jan-Jun2022 Diff (Vol) Diff (%) 1. India 1,227,712 1,393,604 (165,892) (11.90) 2. Pakistan 224,909 237,582 (12,673) (5.33) 3. Bangladesh 129,031 133,023 (3,992) (3.00) 4. Afghanistan 90,597 56,935 33,663 59.13 […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/south-asia-jan-june-2023/
Malaysian Palm Oil Export to South Asia Region(January-June 2023)A Review on MPO Export Performance Table 1: A Review on MPO Export Performance (MT) No. Country Jan-Jun2023 Jan-Jun2022 Diff (Vol) Diff (%) 1. India 1,227,712 1,393,604 (165,892) (11.90) 2. Pakistan 224,909 237,582 (12,673) (5.33) 3. Bangladesh 129,031 133,023 (3,992) (3.00) 4. Afghanistan 90,597 56,935 33,663 59.13 […]
By: via Malaysian Palm Oil Council Russia
понедельник, 7 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Europe (Jan – June) 2023
https://mpoc.org.my/europe-jan-june-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – June 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-June 2023 Jan-June 2022 Change (MT) Change (%) Jan – Dec2022 EU-27 Netherlands 259,908 436,954 (177,046) (41) 815,746 Italy 88,662 145,979 (57,318) […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/europe-jan-june-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – June 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-June 2023 Jan-June 2022 Change (MT) Change (%) Jan – Dec2022 EU-27 Netherlands 259,908 436,954 (177,046) (41) 815,746 Italy 88,662 145,979 (57,318) […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Asia Pacific (Jan – June) 2023
https://mpoc.org.my/asia-pacific-jan-june-2023/
Malaysian Palm Oil Exports Performance to Asia Pacific Region ( January – June 2023)A Review on MPO Performance No COUNTRY Jan-Jun 2023 Jan-Jun 2022 Diff (MT) Diff (%) 1 CHINA 625,973 565,842 60,131 10.63 2 JAPAN 255,595 258,421 (2,826) (1.09) 3 SOUTH KOREA 254,094 207,721 46,373 22.32 4 PHILIPPINES 205,327 340,350 (135,023) (39.67) 5 VIETNAM 171,161 177,992 […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/asia-pacific-jan-june-2023/
Malaysian Palm Oil Exports Performance to Asia Pacific Region ( January – June 2023)A Review on MPO Performance No COUNTRY Jan-Jun 2023 Jan-Jun 2022 Diff (MT) Diff (%) 1 CHINA 625,973 565,842 60,131 10.63 2 JAPAN 255,595 258,421 (2,826) (1.09) 3 SOUTH KOREA 254,094 207,721 46,373 22.32 4 PHILIPPINES 205,327 340,350 (135,023) (39.67) 5 VIETNAM 171,161 177,992 […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Americas (Jan – June) 2023
https://mpoc.org.my/americas-jan-june-2023/
Malaysian Palm Oil Exports Performance to Americas Region(January – June 2023)A Review on MPO Export Performance Table 1 : A Review on MPO Export Performance (MT) No Country Jan- June2023 Jan- June2022 Diff (MT) Diff (%) 1 U.S.A 62,386 71,712 (9,326) (13.0) 2 Canada 6,320 5,809 511 8.8 3 Trinidad And Tobago 5,043 5,110 (67) […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/americas-jan-june-2023/
Malaysian Palm Oil Exports Performance to Americas Region(January – June 2023)A Review on MPO Export Performance Table 1 : A Review on MPO Export Performance (MT) No Country Jan- June2023 Jan- June2022 Diff (MT) Diff (%) 1 U.S.A 62,386 71,712 (9,326) (13.0) 2 Canada 6,320 5,809 511 8.8 3 Trinidad And Tobago 5,043 5,110 (67) […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Africa (Jan – June) 2023
https://mpoc.org.my/africa-jan-june-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – June 2023)A Review on MPO Export Performance North Africa From January – June 2023, Malaysian palm oil export to North Africa region were recorded at 339,444 MT which was a 13.8% decline or by 54,544 MT lower compared to the same period of 2022. The […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/africa-jan-june-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – June 2023)A Review on MPO Export Performance North Africa From January – June 2023, Malaysian palm oil export to North Africa region were recorded at 339,444 MT which was a 13.8% decline or by 54,544 MT lower compared to the same period of 2022. The […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil ticks down on higher stocks, poor demand outlook
https://mpoc.org.my/vegoils-palm-oil-ticks-down-on-higher-stocks-poor-demand-outlook/
KUALA LUMPUR, Aug 7 (Reuters) – Malaysian palm oil futures eased on Monday on range-bound trading, weighed by expectations of higher supply in the world’s second-largest producer and sluggish demand. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 19 ringgit, or 0.49%, to 3,840 ringgit ($843.03) per metric ton by the […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/vegoils-palm-oil-ticks-down-on-higher-stocks-poor-demand-outlook/
KUALA LUMPUR, Aug 7 (Reuters) – Malaysian palm oil futures eased on Monday on range-bound trading, weighed by expectations of higher supply in the world’s second-largest producer and sluggish demand. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 19 ringgit, or 0.49%, to 3,840 ringgit ($843.03) per metric ton by the […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 6 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
MPOA 1-31 Jul 2023 vs. 1-30 Jun 2023 Malaysia CPO production
Peninsular Malaysia: +16.60%
Sabah: -0.68%
Sarawak: +11.14%
East Malaysia: +2.16%
Overall Malaysia: +10.73%
Production estimate: 1.60 million tons
By: via Malaysian Palm Oil Council Russia
Peninsular Malaysia: +16.60%
Sabah: -0.68%
Sarawak: +11.14%
East Malaysia: +2.16%
Overall Malaysia: +10.73%
Production estimate: 1.60 million tons
By: via Malaysian Palm Oil Council Russia
пятница, 4 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Пальмовое масло временно восстанавливается, общий спад продолжается
КУАЛА-ЛУМПУР: В пятницу фьючерсы на малайзийское пальмовое масло выросли с месячного минимума закрытия предыдущей сессии, общая тенденция на снижение цены продолжает.
Контракты на пальмовое масло с поставкой в октябре на бирже деривативов Bursa Malaysia подорожали на 45 ринггитов, или на 1,18%, до 3869 ринггитов (851,27 доллара) за метрическую тонну в начале торгов.
FCPO достиг месячного минимума закрытия из-за более слабых конкурентов и вялого спроса
За неделю контракт снизился на 3,45%.
By: via Malaysian Palm Oil Council Russia
КУАЛА-ЛУМПУР: В пятницу фьючерсы на малайзийское пальмовое масло выросли с месячного минимума закрытия предыдущей сессии, общая тенденция на снижение цены продолжает.
Контракты на пальмовое масло с поставкой в октябре на бирже деривативов Bursa Malaysia подорожали на 45 ринггитов, или на 1,18%, до 3869 ринггитов (851,27 доллара) за метрическую тонну в начале торгов.
FCPO достиг месячного минимума закрытия из-за более слабых конкурентов и вялого спроса
За неделю контракт снизился на 3,45%.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
More from the survey:
* Stockpile estimates ranged from 1.74 million to 1.99 million tons, production forecasts from 1.51 million to 1.68 million tons
* Export estimates were from 1.19 million to 1.30 million tons
* Imports are seen falling to 90,000 tons from 135,271 tons in June
* Local consumption estimates were from 250,000 tons to 370,000 tons
By: via Malaysian Palm Oil Council Russia
* Stockpile estimates ranged from 1.74 million to 1.99 million tons, production forecasts from 1.51 million to 1.68 million tons
* Export estimates were from 1.19 million to 1.30 million tons
* Imports are seen falling to 90,000 tons from 135,271 tons in June
* Local consumption estimates were from 250,000 tons to 370,000 tons
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm Oil Stockpiles in Malaysia Seen Surging to Five-Month High
By Anuradha Raghu
(Bloomberg) -- Palm oil inventories in Malaysia probably expanded to the largest in five months at the end of July as production in the world’s second-biggest grower rebounded, countering the impact of stronger exports.
Stockpiles rose about 4.1% from a month earlier to 1.79 million tons, according to the median of 13 estimates in a Bloomberg survey of analysts, traders and plantation executives.
That would be the third straight monthly increase.
Crude palm oil production jumped about 7.6% to a seven month high of 1.56 million tons, after dropping 4.6% in June, the survey showed. Exports climbed about 9.4% to 1.28 million tons, the biggest since March.
“The growth in stocks will be the most important thing to watch from here onwards,” said Nagaraj Meda, managing director of Hyderabad-based TransGraph Consulting.
Benchmark futures in Kuala Lumpur rallied above 4,000 ringgit a ton last month on worries that the worsening conflict in the Black Sea region will hurt exports of sunflower oil and channel demand to palm, but they have since retreated as attention shifts to rising supplies.
Prices have fallen 3.6% so far this week, even as the tropical oil rose 1% to 3,862 ringgit by the midday break on Friday.
Charts suggest that palm could drop toward 3,725 ringgit in the near term, according to Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental.
By: via Malaysian Palm Oil Council Russia
By Anuradha Raghu
(Bloomberg) -- Palm oil inventories in Malaysia probably expanded to the largest in five months at the end of July as production in the world’s second-biggest grower rebounded, countering the impact of stronger exports.
Stockpiles rose about 4.1% from a month earlier to 1.79 million tons, according to the median of 13 estimates in a Bloomberg survey of analysts, traders and plantation executives.
That would be the third straight monthly increase.
Crude palm oil production jumped about 7.6% to a seven month high of 1.56 million tons, after dropping 4.6% in June, the survey showed. Exports climbed about 9.4% to 1.28 million tons, the biggest since March.
“The growth in stocks will be the most important thing to watch from here onwards,” said Nagaraj Meda, managing director of Hyderabad-based TransGraph Consulting.
Benchmark futures in Kuala Lumpur rallied above 4,000 ringgit a ton last month on worries that the worsening conflict in the Black Sea region will hurt exports of sunflower oil and channel demand to palm, but they have since retreated as attention shifts to rising supplies.
Prices have fallen 3.6% so far this week, even as the tropical oil rose 1% to 3,862 ringgit by the midday break on Friday.
Charts suggest that palm could drop toward 3,725 ringgit in the near term, according to Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm Oil Resumes Declines as Other Edible Oil Prices Weaken
(Bloomberg) -- Palm oil resumed its decline, tracking weakness in other vegetable oil markets, although prices remain supported by the export outlook and a widening discount against substitute oils.
Futures in Kuala Lumpur fell 1% to 3,876 ringgit a ton at the midday break after a choppy session. They dropped for the seventh time in eight days as traders assessed rising supplies in producers Indonesia and Malaysia, the two biggest producers. Palm oil has been dragged lower by weakness in Chinese prices and a lack of positive news, according to Abdul Hameed, director of sales at Manzoor Trading in Lahore. Traders are also avoiding taking risky positions ahead of official supply data for July from the Malaysian Palm Oil Board, as well as US crop updates due next week, he said.
Still, optimism that robust export demand will continue this month is underpinning prices. Palm’s discount to soybean oil, its closest substitute, widened to around $480 a ton on Thursday, from about $265 in mid-May, making it more appealing for price-sensitive buyers.
“Market sentiment isn’t too bearish as high imports from India and China in the last two months indicate that palm oil demand is rising,” Hameed said. The wide spread between palm and soyoil is creating room for further purchases, while uncertainty over how the war in Ukraine will affect edible oil supplies is also supporting prices, he said.
By: via Malaysian Palm Oil Council Russia
(Bloomberg) -- Palm oil resumed its decline, tracking weakness in other vegetable oil markets, although prices remain supported by the export outlook and a widening discount against substitute oils.
Futures in Kuala Lumpur fell 1% to 3,876 ringgit a ton at the midday break after a choppy session. They dropped for the seventh time in eight days as traders assessed rising supplies in producers Indonesia and Malaysia, the two biggest producers. Palm oil has been dragged lower by weakness in Chinese prices and a lack of positive news, according to Abdul Hameed, director of sales at Manzoor Trading in Lahore. Traders are also avoiding taking risky positions ahead of official supply data for July from the Malaysian Palm Oil Board, as well as US crop updates due next week, he said.
Still, optimism that robust export demand will continue this month is underpinning prices. Palm’s discount to soybean oil, its closest substitute, widened to around $480 a ton on Thursday, from about $265 in mid-May, making it more appealing for price-sensitive buyers.
“Market sentiment isn’t too bearish as high imports from India and China in the last two months indicate that palm oil demand is rising,” Hameed said. The wide spread between palm and soyoil is creating room for further purchases, while uncertainty over how the war in Ukraine will affect edible oil supplies is also supporting prices, he said.
By: via Malaysian Palm Oil Council Russia
четверг, 3 августа 2023 г.
среда, 2 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Market Forum #2 : 2023 Analyzing Palm Oil Prospect and Potential
https://mpoc.org.my/market-forum-2-2023-analyzing-palm-oil-prospect-and-potential/
MARKET FORUM is a seminar series organized by MPOC to share key market updates received through our network of regional offices and in-house market intelligence. The Market Forum is targeted to Malaysian palm oil stakeholders in various parts of Malaysia. The Market Forum serious attract prominent speakers from the global oils & fats industry, financial […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/market-forum-2-2023-analyzing-palm-oil-prospect-and-potential/
MARKET FORUM is a seminar series organized by MPOC to share key market updates received through our network of regional offices and in-house market intelligence. The Market Forum is targeted to Malaysian palm oil stakeholders in various parts of Malaysia. The Market Forum serious attract prominent speakers from the global oils & fats industry, financial […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Oppurtunities For Palm Oil In Turkey’s Horeca Sector
https://mpoc.org.my/oppurtunities-for-palm-oil-in-turkeys-horeca-sector/
Background The Horeca sector in Turkey thriving and has been growing rapidly in recent years. Turkey is one of the world’s most popular tourist destinations and is known for its rich history, diverse culture, and exquisite cuisine. The country attracts millions of visitors every year and, and Horeca sector across the country benefit from this […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/oppurtunities-for-palm-oil-in-turkeys-horeca-sector/
Background The Horeca sector in Turkey thriving and has been growing rapidly in recent years. Turkey is one of the world’s most popular tourist destinations and is known for its rich history, diverse culture, and exquisite cuisine. The country attracts millions of visitors every year and, and Horeca sector across the country benefit from this […]
By: via Malaysian Palm Oil Council Russia
вторник, 1 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Palm oil prices may rise above RM4,300 in 2024 on supply, output woes -MPOC
https://mpoc.org.my/palm-oil-prices-may-rise-above-rm4300-in-2024-on-supply-output-woes-mpoc/
KUALA LUMPUR: Malaysia’s crude palm oil prices will trade at RM3,700-RM4,200 a metric ton in the second half of 2023, and will remain supported in the long term, state agency Malaysian Palm Oil Council (MPOC) said on Tuesday. Heading into 2024, there is a strong possibility that prices may rise above RM4,300 a metric ton, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-prices-may-rise-above-rm4300-in-2024-on-supply-output-woes-mpoc/
KUALA LUMPUR: Malaysia’s crude palm oil prices will trade at RM3,700-RM4,200 a metric ton in the second half of 2023, and will remain supported in the long term, state agency Malaysian Palm Oil Council (MPOC) said on Tuesday. Heading into 2024, there is a strong possibility that prices may rise above RM4,300 a metric ton, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
«Мы располагаем информацией о подготовке РФ к возвращению к переговорам по зерновой сделке» — заявил постоянный представитель США в ООН Линда Томас-Гринфилд
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
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