Palm Oil Prices Weaken Again in September; Further Decline Likely
Fitch Ratings-Singapore/Jakarta-27 September 2023: Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to weaken further over the next three to four quarters, after dropping again to below USD800 per tonne (t) in September 2023. Palm oil output has risen significantly this year, and we expect it to improve further before a potentially strong El Nino starts to affect output in late-2024. The global supply of other vegetable oils should also improve during this period.
Weather forecasters estimate a high likelihood of at least a “Strong” El Nino weather persisting until March 2024. Previous episodes of the weather pattern, which causes drier weather in Indonesia and Malaysia, have usually lasted for a year or more. Therefore, we see the risk of a strong El Nino persisting until at least end-2024.
Weather forecasts in the next few months should lend better visibility into 2H24 and beyond, and may brighten the CPO price outlook for 2024-2025. We currently assume USD600/t for 2024, and USD650/t thereafter
By: via Malaysian Palm Oil Council Russia
четверг, 28 сентября 2023 г.
среда, 27 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
KUALA LUMPUR: The High Court here has dismissed former prime minister Datuk Seri Najib Razak’s bid to set aside the Mareva injunction on the assets worth US$681mil (RM3.2bil) linked to 1Malaysia Development Berhad (1MDB) and one of its subsidiaries.
High Court judge Justice Atan Mustaffa Yussof Ahmad said that if the injunction was lifted, there would be a risk of the assets being dissipated before the 1MDB main trial could conclude.
By: via Malaysian Palm Oil Council Russia
High Court judge Justice Atan Mustaffa Yussof Ahmad said that if the injunction was lifted, there would be a risk of the assets being dissipated before the 1MDB main trial could conclude.
By: via Malaysian Palm Oil Council Russia
вторник, 26 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm opens stronger on Dalian support, weaker ringgit
JAKARTA, Sept 27 (Reuters) - Malaysian palm oil futures opened higher on Wednesday, supported by gains in rival Dalian oils, as well as a weaker ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 19 ringgit, or 0.51%, to 3,711 ringgit ($788.90) a metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 0.35%, while its palm oil contract DCPcv1 increased 0.36%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The ringgit MYR=, palm's currency of trade, fell against the U.S. dollar, making palm oil more attractive for foreign currency holders.
Cargo surveyor Intertek Testing Services said exports of Malaysian palm oil products for Sept. 1-25 rose 17.5% to 1.1 million tons from 974,235 tons shipped during the same period in August.
According to independent inspection company AmSpec Agri Malaysia, exports of Malaysian palm oil products for Sept. 1-25 rose 15.2% to 1.09 million tons from 945,155 tons shipped during Aug. 1-25.
Official data showed the EU 2023/24 palm oil imports stood at 821,115 tons by Sept. 24, compared with 902,142 tons last year.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
Palm oil may test a support zone of 3,636 ringgit to 3,650 ringgit per metric ton, a break below could open the way towards 3,561 ringgit, according to Reuters' technical analyst Wang Tao.
MARKET NEWS
Oil prices ticked up in early trade, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
Asia stocks traded mixed and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 27 (Reuters) - Malaysian palm oil futures opened higher on Wednesday, supported by gains in rival Dalian oils, as well as a weaker ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 19 ringgit, or 0.51%, to 3,711 ringgit ($788.90) a metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 0.35%, while its palm oil contract DCPcv1 increased 0.36%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The ringgit MYR=, palm's currency of trade, fell against the U.S. dollar, making palm oil more attractive for foreign currency holders.
Cargo surveyor Intertek Testing Services said exports of Malaysian palm oil products for Sept. 1-25 rose 17.5% to 1.1 million tons from 974,235 tons shipped during the same period in August.
According to independent inspection company AmSpec Agri Malaysia, exports of Malaysian palm oil products for Sept. 1-25 rose 15.2% to 1.09 million tons from 945,155 tons shipped during Aug. 1-25.
Official data showed the EU 2023/24 palm oil imports stood at 821,115 tons by Sept. 24, compared with 902,142 tons last year.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
Palm oil may test a support zone of 3,636 ringgit to 3,650 ringgit per metric ton, a break below could open the way towards 3,561 ringgit, according to Reuters' technical analyst Wang Tao.
MARKET NEWS
Oil prices ticked up in early trade, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
Asia stocks traded mixed and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.
By: via Malaysian Palm Oil Council Russia
понедельник, 25 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks crude oil lower, strong export data limits losses
SINGAPORE, Sept 26 (Reuters) - Malaysian palm oil futures fell on Tuesday amid easing crude oil prices, although losses were limited by recovering rival oils and strong export data.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 18 ringgit, or 0.5% to 3,698 ringgit ($789.50) a metric ton in morning trade.
FUNDAMENTALS
According to cargo surveyor Intertek Testing Services, exports of Malaysian palm oil products for Sept. 1-25 rose 17.5% to 1.1 million tons from 974,235 tons shipped during Aug. 1-25.
According to independent inspection company AmSpec Agri Malaysia, exports of Malaysian palm oil products rose 15.2% to 1.09 million tons from 945,155 tons shipped during August 1 - 25 during the same period.
The U.S. Department of Agriculture (USDA) reported that soybean harvests advanced more slowly last week than analysts had expected.
Dalian's most-active soyoil contract DBYcv1 rose 0.1%, while its palm oil contract DCPcv1 was up 0.1%. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices slipped in early trade amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.
The Malaysian ringgit MYR=, palm's currency of trade, was flat against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
Palm oil is biased to rest a support zone of 3,636 ringgit to 3,650 ringgit per metric ton, a break below which could open the way towards 3,561 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 26 (Reuters) - Malaysian palm oil futures fell on Tuesday amid easing crude oil prices, although losses were limited by recovering rival oils and strong export data.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 18 ringgit, or 0.5% to 3,698 ringgit ($789.50) a metric ton in morning trade.
FUNDAMENTALS
According to cargo surveyor Intertek Testing Services, exports of Malaysian palm oil products for Sept. 1-25 rose 17.5% to 1.1 million tons from 974,235 tons shipped during Aug. 1-25.
According to independent inspection company AmSpec Agri Malaysia, exports of Malaysian palm oil products rose 15.2% to 1.09 million tons from 945,155 tons shipped during August 1 - 25 during the same period.
The U.S. Department of Agriculture (USDA) reported that soybean harvests advanced more slowly last week than analysts had expected.
Dalian's most-active soyoil contract DBYcv1 rose 0.1%, while its palm oil contract DCPcv1 was up 0.1%. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices slipped in early trade amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.
The Malaysian ringgit MYR=, palm's currency of trade, was flat against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
Palm oil is biased to rest a support zone of 3,636 ringgit to 3,650 ringgit per metric ton, a break below which could open the way towards 3,561 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Правительство может начать эксперимент по маркировке пищевых растительных масел в потребительской упаковке средствами идентификации с 1 декабря 2023 г. Пробная маркировка продлится до 31 августа 2024 г., следует из проекта постановления Минпромторга, опубликованного на портале проектов нормативных правовых актов.
В эксперименте задействуют подсолнечное, оливковое, пальмовое, рапсовое, кокосовое и арахисовое масла, а также масло какао, какао-жир, маргарин и другие виды растительных или микробиологических нелетучих масел и жиров (в том числе жожоба) под кодами ТН ВЭД 1508-1517 и 1804. К маркировке привлекут производителей и импортеров, а также оптовые и розничные торговые компании, уточняется в документе. Участие в эксперименте для них будет бесплатным – это обеспечит оператор информационной системы маркировки ЦРПТ.
By: via Malaysian Palm Oil Council Russia
В эксперименте задействуют подсолнечное, оливковое, пальмовое, рапсовое, кокосовое и арахисовое масла, а также масло какао, какао-жир, маргарин и другие виды растительных или микробиологических нелетучих масел и жиров (в том числе жожоба) под кодами ТН ВЭД 1508-1517 и 1804. К маркировке привлекут производителей и импортеров, а также оптовые и розничные торговые компании, уточняется в документе. Участие в эксперименте для них будет бесплатным – это обеспечит оператор информационной системы маркировки ЦРПТ.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures likely to trend lower – Telegraph
https://telegra.ph/CPO-futures-likely-to-trend-lower-09-25
By: via Malaysian Palm Oil Council Russia
https://telegra.ph/CPO-futures-likely-to-trend-lower-09-25
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysian palm oil futures opened higher – Telegraph
https://telegra.ph/Malaysian-palm-oil-futures-opened-higher-09-25
By: via Malaysian Palm Oil Council Russia
https://telegra.ph/Malaysian-palm-oil-futures-opened-higher-09-25
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
По итогам сезона 2022/23 Индия закупила 683 тыс тонн российского подсолнечного масла, увеличив этот объем более чем вдвое по сравнению с сезоном 2021/22, сообщает ФГБУ «Агроэкспорт». При этом объем ввоза российского соевого масла составил 131 тыс тонн, что в 3,5 раза больше, чем в предыдущем сезоне, говорится в сообщении ведомства, с которым ознакомилась sfera.fm.
Исполнительный директор Масложирового союза России Михаил Мальцев в своем комментарии для «Агроэкспорта» указывает, что таким образом, Индия вышла на второе место с топ-3 лидеров по импорту отечественных растительных масел. При этом эксперт отметил, что потребление растительных масел на рынке Индии не только не сокращается, но продолжает расти, а значит, можно ожидать, что будет расти и экспорт в этом направлении.
Ранее Индийская ассоциация производителей растительного масла (SEA) опубликовала данные, согласно которым импорт растительных масел в стране вырос на 55,3%, до 2,54 млн тонн. Лидером по увеличению поставок данной продукции на индийский рынок является Россия — рост на 93,3%, до 821,76 тыс тонн. Одновременно с этим закупки российского соевого масла со стороны индийских компаний выросли в 3 раза, до 121,80 тыс тонн.
By: via Malaysian Palm Oil Council Russia
Исполнительный директор Масложирового союза России Михаил Мальцев в своем комментарии для «Агроэкспорта» указывает, что таким образом, Индия вышла на второе место с топ-3 лидеров по импорту отечественных растительных масел. При этом эксперт отметил, что потребление растительных масел на рынке Индии не только не сокращается, но продолжает расти, а значит, можно ожидать, что будет расти и экспорт в этом направлении.
Ранее Индийская ассоциация производителей растительного масла (SEA) опубликовала данные, согласно которым импорт растительных масел в стране вырос на 55,3%, до 2,54 млн тонн. Лидером по увеличению поставок данной продукции на индийский рынок является Россия — рост на 93,3%, до 821,76 тыс тонн. Одновременно с этим закупки российского соевого масла со стороны индийских компаний выросли в 3 раза, до 121,80 тыс тонн.
By: via Malaysian Palm Oil Council Russia
воскресенье, 24 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises on Dalian strength, weaker ringgit
JAKARTA, Sept 25 (Reuters) - Malaysian palm oil futures opened higher on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 27 ringgit, or 0.73%, to 3,708 ringgit ($791.80) a metric ton in early trade. The benchmark declined 2.75% last week.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 1.14%, while its palm oil contract DCPcv1 increased 1.27%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
The ringgit MYR=, palm's currency of trade, fell against the U.S. dollar, making palm oil more attractive for foreign currency holders.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
MARKET NEWS
Asian shares were hesitant after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.
Oil prices rose as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 25 (Reuters) - Malaysian palm oil futures opened higher on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 27 ringgit, or 0.73%, to 3,708 ringgit ($791.80) a metric ton in early trade. The benchmark declined 2.75% last week.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 rose 1.14%, while its palm oil contract DCPcv1 increased 1.27%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
The ringgit MYR=, palm's currency of trade, fell against the U.S. dollar, making palm oil more attractive for foreign currency holders.
According to Refinitiv Commodities Research, a worsening drying trend will emerge in October for Indonesia, the biggest palm oil producer in the world.
MARKET NEWS
Asian shares were hesitant after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.
Oil prices rose as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
By: via Malaysian Palm Oil Council Russia
пятница, 22 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
В России усугубляется проблема с ожирением граждан. В 1993 году от проблем с лишним весом страдали 8,3% мужчин и 23,2% женщин, в 2021-м – уже 30,1% мужчин и 36,7% женщин.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
четверг, 21 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm languishes near 3-month low amid weaker rival oils
SINGAPORE, Sept 22 (Reuters) - Malaysian palm oil futures languished near a three-month low on Friday and looked set to post their third straight weekly loss, as weakness in rival oils countered support from strong export.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange rose 7 ringgit, or 0.2% to 3,686 ringgit ($786.77) a metric ton in rangebound trade. It has declined 2.6% so far in the week.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 was down 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The ringgit MYR=, palm's currency of trade, was steady against the dollar, at 4.69. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil may retest a support of 3,636 ringgit per metric ton, as a downtrend from 4,068 ringgit has resumed, said Reuters technical analyst Wang Tao.
MARKET NEWS
Stocks and bonds were under pressure as investors hunkered down for U.S. interest rates to stay higher for longer, while the yen fell after the Bank of Japan maintained its ultra-loose monetary policy stance in a keenly awaited rate decision.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 22 (Reuters) - Malaysian palm oil futures languished near a three-month low on Friday and looked set to post their third straight weekly loss, as weakness in rival oils countered support from strong export.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange rose 7 ringgit, or 0.2% to 3,686 ringgit ($786.77) a metric ton in rangebound trade. It has declined 2.6% so far in the week.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
Dalian's most-active soyoil contract DBYcv1 fell 1%, while its palm oil contract DCPcv1 was down 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.4%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The ringgit MYR=, palm's currency of trade, was steady against the dollar, at 4.69. A weaker ringgit makes palm oil more attractive for foreign currency holders.
Palm oil may retest a support of 3,636 ringgit per metric ton, as a downtrend from 4,068 ringgit has resumed, said Reuters technical analyst Wang Tao.
MARKET NEWS
Stocks and bonds were under pressure as investors hunkered down for U.S. interest rates to stay higher for longer, while the yen fell after the Bank of Japan maintained its ultra-loose monetary policy stance in a keenly awaited rate decision.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Минсельхоз РФ повысил до 60 млн т оценку экспортного потенциала по зерну в этом сельхозгоду.
Как заявил министр сельского хозяйства Дмитрий Патрушев на правительственном часе в Госдуме в среду, собранный в этом году урожай в 130 млн тонн позволит не только обеспечить внутренние потребности, но экспортировать до 60 млн тонн зерна.
Ранее Минсельхоз заявлял об экспортном потенциале на этот сельхозгод на уровне 55 млн тонн. Интерфакс
By: via Malaysian Palm Oil Council Russia
Как заявил министр сельского хозяйства Дмитрий Патрушев на правительственном часе в Госдуме в среду, собранный в этом году урожай в 130 млн тонн позволит не только обеспечить внутренние потребности, но экспортировать до 60 млн тонн зерна.
Ранее Минсельхоз заявлял об экспортном потенциале на этот сельхозгод на уровне 55 млн тонн. Интерфакс
By: via Malaysian Palm Oil Council Russia
среда, 20 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat loses ground as Black Sea supplies outweigh demand
CANBERRA, Sept 21 (Reuters) - Chicago wheat prices fell on Thursday, as plentiful supplies from the Black Sea region outweighed signs of renewed demand from large importers.
Corn and soybeans also edged lower as the U.S. harvest ramped up, adding to supply and keeping a lid on prices.
FUNDAMENTALS
Most-active Chicago Board of Trade (CBOT) wheat futures Wv1 were down 0.3% at $5.87 a bushel by 0117 GMT. CBOT corn Cv1 slipped 0.1% to $4.82 a bushel and soybeans Sv1 fell 0.3% to $13.16-1/2 a bushel.
Several wheat purchases were reported on Wednesday.
Egypt's state grains buyer booked 120,000 metric tons of Romanian wheat in an international purchase tender. Traders said the cargoes were priced at roughly $256 per ton FOB, excluding freight.
Algeria's state grains agency OAIC purchased around 600,000 metric tons of milling wheat in an international tender which closed on Tuesday, European traders said.
A group of South Korean flour mills bought an estimated 50,000 metric tons of milling wheat to be sourced from Australia in an international tender, European traders said.
Analysts polled by Reuters estimate that the U.S. Department of Agriculture (USDA) on Thursday will report U.S. wheat export sales for the week ended Sept. 14 at 250,000 to 600,000 tons.
On the supply side, cheap Russian wheat is still flowing into the market, with traders noting numerous offers at $270 a ton FOB.
Russia's SovEcon agriculture consultancy lowered its wheat harvest forecast for 2023 to 91.6 million tons from 92.1 million, still a bumper crop.
The Russian agriculture ministry was quoted as saying Russia would be able to export 60 million tonnes of grains in the 2023/2024 season.
Ukraine's river and maritime agricultural exports meanwhile totalled 2.2 million metric tons in Sept. 1-19 and could reach a record 3 million tons for the whole month, brokers said.
Ukraine's trade representative said he believed compromise was possible in a trade dispute with some nearby countries that have banned Ukrainian grain imports.
Chicago wheat futures fell to a 33-month low of $5.70 a bushel last week due to a supply glut.
In soybeans, the U.S. Department of Agriculture confirmed sales of 120,000 tonnes of U.S. beans to unknown buyers for delivery in 2023/24.
However, competition from Brazil has dented demand for U.S. soy. Chinese data showed that soybean imports from Brazil rose 45% year-on-year in August.
Analysts estimate that the USDA will report U.S. soybean sales in the week ended Sept. 14 at 550,000 to 1,200,000 tons and corn sales in the week ended Sept. 14 at 550,000 to 1,100,000 tons.
Expectations that Brazil could see a smaller corn harvest in the coming year lifted corn prices from a 33-month low of $4.68 a bushel on Tuesday.
MARKETS NEWS
A gauge of global stocks tumbled and Treasury yields shot up on Wednesday after the U.S. Federal Reserve projected another rate hike by year end and much tighter monetary policy through 2024 than previously expected.
By: via Malaysian Palm Oil Council Russia
CANBERRA, Sept 21 (Reuters) - Chicago wheat prices fell on Thursday, as plentiful supplies from the Black Sea region outweighed signs of renewed demand from large importers.
Corn and soybeans also edged lower as the U.S. harvest ramped up, adding to supply and keeping a lid on prices.
FUNDAMENTALS
Most-active Chicago Board of Trade (CBOT) wheat futures Wv1 were down 0.3% at $5.87 a bushel by 0117 GMT. CBOT corn Cv1 slipped 0.1% to $4.82 a bushel and soybeans Sv1 fell 0.3% to $13.16-1/2 a bushel.
Several wheat purchases were reported on Wednesday.
Egypt's state grains buyer booked 120,000 metric tons of Romanian wheat in an international purchase tender. Traders said the cargoes were priced at roughly $256 per ton FOB, excluding freight.
Algeria's state grains agency OAIC purchased around 600,000 metric tons of milling wheat in an international tender which closed on Tuesday, European traders said.
A group of South Korean flour mills bought an estimated 50,000 metric tons of milling wheat to be sourced from Australia in an international tender, European traders said.
Analysts polled by Reuters estimate that the U.S. Department of Agriculture (USDA) on Thursday will report U.S. wheat export sales for the week ended Sept. 14 at 250,000 to 600,000 tons.
On the supply side, cheap Russian wheat is still flowing into the market, with traders noting numerous offers at $270 a ton FOB.
Russia's SovEcon agriculture consultancy lowered its wheat harvest forecast for 2023 to 91.6 million tons from 92.1 million, still a bumper crop.
The Russian agriculture ministry was quoted as saying Russia would be able to export 60 million tonnes of grains in the 2023/2024 season.
Ukraine's river and maritime agricultural exports meanwhile totalled 2.2 million metric tons in Sept. 1-19 and could reach a record 3 million tons for the whole month, brokers said.
Ukraine's trade representative said he believed compromise was possible in a trade dispute with some nearby countries that have banned Ukrainian grain imports.
Chicago wheat futures fell to a 33-month low of $5.70 a bushel last week due to a supply glut.
In soybeans, the U.S. Department of Agriculture confirmed sales of 120,000 tonnes of U.S. beans to unknown buyers for delivery in 2023/24.
However, competition from Brazil has dented demand for U.S. soy. Chinese data showed that soybean imports from Brazil rose 45% year-on-year in August.
Analysts estimate that the USDA will report U.S. soybean sales in the week ended Sept. 14 at 550,000 to 1,200,000 tons and corn sales in the week ended Sept. 14 at 550,000 to 1,100,000 tons.
Expectations that Brazil could see a smaller corn harvest in the coming year lifted corn prices from a 33-month low of $4.68 a bushel on Tuesday.
MARKETS NEWS
A gauge of global stocks tumbled and Treasury yields shot up on Wednesday after the U.S. Federal Reserve projected another rate hike by year end and much tighter monetary policy through 2024 than previously expected.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm tracks rival edible oils lower, softer ringgit caps losses
SINGAPORE, Sept 21 (Reuters) - Malaysian palm oil futures fell on Thursday to hit their lowest level in more than a week, as weaker crude and rival edible oils outweighed support from strong exports and a softer ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange declined 1%, or 37 ringgit, to 3,683 ringgit ($785.62) per metric ton in morning trade, hitting its lowest level since Sept. 13.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
The Malaysian ringgit MYR=, palm's currency of trade, weakened 0.13% against the dollar, making the commodity more attractive for foreign currency holders.
Oil prices fell further as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 was down 1%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.7%.
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 revisit its Sept. 12 low of 3,667 ringgit per ton, as a bounce triggered by the support at 3,695 ringgit has been almost reversed, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian stocks followed Wall Street's lead, dipping across the board as investors interpreted the U.S. Federal Reserve's latest policy statements as signalling higher-for-longer interest rates.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 21 (Reuters) - Malaysian palm oil futures fell on Thursday to hit their lowest level in more than a week, as weaker crude and rival edible oils outweighed support from strong exports and a softer ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange declined 1%, or 37 ringgit, to 3,683 ringgit ($785.62) per metric ton in morning trade, hitting its lowest level since Sept. 13.
FUNDAMENTALS
Exports of Malaysian palm oil products for Sept. 1-20 rose 2.4% from Aug. 1-20, cargo surveyor Intertek Testing Services said on Wednesday.
Independent inspection company AmSpec Agri Malaysia said exports during the same period rose 1.8%.
The Malaysian ringgit MYR=, palm's currency of trade, weakened 0.13% against the dollar, making the commodity more attractive for foreign currency holders.
Oil prices fell further as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles.
Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 was down 1%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.7%.
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 revisit its Sept. 12 low of 3,667 ringgit per ton, as a bounce triggered by the support at 3,695 ringgit has been almost reversed, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian stocks followed Wall Street's lead, dipping across the board as investors interpreted the U.S. Federal Reserve's latest policy statements as signalling higher-for-longer interest rates.
By: via Malaysian Palm Oil Council Russia
вторник, 19 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rangebound as soft ringgit counters weak exports
SINGAPORE, Sept 20 (Reuters) - Malaysian palm oil futures traded in a tight range on Wednesday, as market participants weighed weak shipments from the world's second largest exporter and support from a weak ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 11 ringgit, or 0.3%, to 3,738 ringgit ($796.68) per metric ton in morning trade.
FUNDAMENTALS
Malaysia, the world's second largest palm oil producer, maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Exports of Malaysian palm oil products for Sept. 1-15 fell 11.8% from a month earlier to 580,893 metric tons, cargo surveyor Intertek Testing Services said on Tuesday.
Another cargo surveyor, Amspec Agri, had said on Friday Sept. 1-15 exports fell 9.3% from the month before.
Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 was unchanged. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.2%.
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, was flat against the dollar after a six-day decline.
A weak ringgit makes palm oil more affordable for buyers holding foreign currency.
Palm oil may climb into a range of 3,795-3,820 ringgit per ton, due to an extension of a bounce from the Sept. 12 low of 3,667 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian stocks struggled for headway while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.
Oil prices rose, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Sept 20 (Reuters) - Malaysian palm oil futures traded in a tight range on Wednesday, as market participants weighed weak shipments from the world's second largest exporter and support from a weak ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 11 ringgit, or 0.3%, to 3,738 ringgit ($796.68) per metric ton in morning trade.
FUNDAMENTALS
Malaysia, the world's second largest palm oil producer, maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Exports of Malaysian palm oil products for Sept. 1-15 fell 11.8% from a month earlier to 580,893 metric tons, cargo surveyor Intertek Testing Services said on Tuesday.
Another cargo surveyor, Amspec Agri, had said on Friday Sept. 1-15 exports fell 9.3% from the month before.
Dalian's most-active soyoil contract DBYcv1 fell 0.6%, while its palm oil contract DCPcv1 was unchanged. Soyoil prices on the Chicago Board of Trade BOcv1 climbed 0.2%.
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, was flat against the dollar after a six-day decline.
A weak ringgit makes palm oil more affordable for buyers holding foreign currency.
Palm oil may climb into a range of 3,795-3,820 ringgit per ton, due to an extension of a bounce from the Sept. 12 low of 3,667 ringgit, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian stocks struggled for headway while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.
Oil prices rose, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Exciting news! Competere is co-hosting the Sustainable Vegetable Oils Conference on September 27th in Mumbai, coinciding with the G20 meetings and followed by "Globoil India 2023".
Facing industry challenges from the pandemic to climate change? Let's unite to address sustainability, food and energy security, and more.
For details and registration: Sustainable Vegetable Oils Conference](https://www.competere.eu/mumbai-the-2nd-sustainable-vegetable-oils-conference/
Join us in-person or via live stream. See you there! #SustainableVegetableOils #GloboilIndia2023
By: via Malaysian Palm Oil Council Russia
Facing industry challenges from the pandemic to climate change? Let's unite to address sustainability, food and energy security, and more.
For details and registration: Sustainable Vegetable Oils Conference](https://www.competere.eu/mumbai-the-2nd-sustainable-vegetable-oils-conference/
Join us in-person or via live stream. See you there! #SustainableVegetableOils #GloboilIndia2023
By: via Malaysian Palm Oil Council Russia
понедельник, 18 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm extends losses on weakness in rival oils
JAKARTA, Sept 19 (Reuters) - Malaysian palm oil futures opened lower on Tuesday, extending losses for a second session, weighed down by losses in rival vegetable oils.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange lost 43 ringgit, or 1.15%, to 3,706 ringgit ($790.36) per metric ton in the early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 was down 1.68%, while its palm oil contract DCPcv1 lost 1.47%. Soyoil prices on the Chicago Board of Trade BOc2 declined 0.62%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Indonesia set its crude palm oil reference price at $798.83 per ton for Sept. 16-30, down from the first half of the month. However, the export tax and levy were left unchanged at $33 per ton and $85 per ton, respectively.
China will increase its imports of Malaysian palm oil by 250,000 tons a year, state news agency Bernama reported on Sunday, citing Malaysian Prime Minister Anwar Ibrahim.
Exports of Malaysian palm oil products for Sept. 1-15 fell 9.3% from a month earlier to 574,936 tons, independent inspection company AmSpec Agri Malaysia said Friday last week.
Palm oil FCPOc3 may revisit its Sept. 12 low of 3,667 ringgit per ton, as it may have completed a bounce from this level, according to Reuters' technical analyst Wang Tao.
MARKET NEWS
Global equities slid and the 10-year Treasury yield traded close to a 16-year high on Monday amid rising concerns that the Federal Reserve's higher-for-longer message on interest rates will take a toll on U.S. consumers.
Oil prices rose in early trade for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia an Russia.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 19 (Reuters) - Malaysian palm oil futures opened lower on Tuesday, extending losses for a second session, weighed down by losses in rival vegetable oils.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange lost 43 ringgit, or 1.15%, to 3,706 ringgit ($790.36) per metric ton in the early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 was down 1.68%, while its palm oil contract DCPcv1 lost 1.47%. Soyoil prices on the Chicago Board of Trade BOc2 declined 0.62%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Indonesia set its crude palm oil reference price at $798.83 per ton for Sept. 16-30, down from the first half of the month. However, the export tax and levy were left unchanged at $33 per ton and $85 per ton, respectively.
China will increase its imports of Malaysian palm oil by 250,000 tons a year, state news agency Bernama reported on Sunday, citing Malaysian Prime Minister Anwar Ibrahim.
Exports of Malaysian palm oil products for Sept. 1-15 fell 9.3% from a month earlier to 574,936 tons, independent inspection company AmSpec Agri Malaysia said Friday last week.
Palm oil FCPOc3 may revisit its Sept. 12 low of 3,667 ringgit per ton, as it may have completed a bounce from this level, according to Reuters' technical analyst Wang Tao.
MARKET NEWS
Global equities slid and the 10-year Treasury yield traded close to a 16-year high on Monday amid rising concerns that the Federal Reserve's higher-for-longer message on interest rates will take a toll on U.S. consumers.
Oil prices rose in early trade for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia an Russia.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Ukraine is suing Poland, Hungary and Slovakia for continuing the grain import ban. Kyiv has already submitted a corresponding lawsuit to the arbitration of the World Trade Organization, the Ministry of Economy reported. At the same time, Kyiv is considering the possibility of introducing a ban on the import of Polish fruits and vegetables.
Украина подает в суд в Польшу, Венгрию и Словакию за продление запрета на ввоз зерна. Киев уже обратился с соответствующим иском в арбитраж Всемирной торговой организации, сообщили в Минэкономики. Параллельно Киев рассматривает возможность введения запрета на импорт польских фруктов и овощей.
By: via Malaysian Palm Oil Council Russia
Украина подает в суд в Польшу, Венгрию и Словакию за продление запрета на ввоз зерна. Киев уже обратился с соответствующим иском в арбитраж Всемирной торговой организации, сообщили в Минэкономики. Параллельно Киев рассматривает возможность введения запрета на импорт польских фруктов и овощей.
By: via Malaysian Palm Oil Council Russia
пятница, 15 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
The European Commission decided not to extend the embargo on Ukrainian grain after September 15.
We will remind you that a few days ago, Poland announced that they would not resume importing grain from Ukraine. Hungary's agriculture minister also said he had agreed to introduce "national bans" in this regard with Romania and Slovakia.
UPD: Ukraine instead agreed to introduce an export licensing system within 30 days to avoid a spike in grain prices.
By September 18, Ukraine must also propose "effective control measures" for the export of 4 categories of agricultural products in order to prevent "distortions in the market of neighboring states."
"After the decision of the European Commission, the Polish Prime Minister clearly stated that Poland will continue the embargo on Ukrainian grain", - writes the spokesman of the country's government.
UPD: Hungary is also introducing a ban on the import of 24 categories of agricultural products from Ukraine, including grain, vegetables, meat and honey.
By: via Malaysian Palm Oil Council Russia
We will remind you that a few days ago, Poland announced that they would not resume importing grain from Ukraine. Hungary's agriculture minister also said he had agreed to introduce "national bans" in this regard with Romania and Slovakia.
UPD: Ukraine instead agreed to introduce an export licensing system within 30 days to avoid a spike in grain prices.
By September 18, Ukraine must also propose "effective control measures" for the export of 4 categories of agricultural products in order to prevent "distortions in the market of neighboring states."
"After the decision of the European Commission, the Polish Prime Minister clearly stated that Poland will continue the embargo on Ukrainian grain", - writes the spokesman of the country's government.
UPD: Hungary is also introducing a ban on the import of 24 categories of agricultural products from Ukraine, including grain, vegetables, meat and honey.
By: via Malaysian Palm Oil Council Russia
четверг, 14 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Индонезийский суд приговорил высокопоставленного чиновника земельного агентства к 12 годам тюремного заключения за получение взяток от компаний, занимающихся производством пальмового масла, с целью ускорить получение разрешений.
Мухаммад Шахрир, бывший глава земельных агентств в провинциях Риау и Северное Малуку, был признан виновным в получении взятки на сумму, эквивалентную 1,38 миллионам долларов США, от различных компаний в течение пяти лет. Помимо тюремного заключения суд также наложил штрафы на общую сумму 1,5 миллиона долларов; неуплата может повлечь за собой дополнительное тюремное заключение сроком до трех с половиной лет.
By: via Malaysian Palm Oil Council Russia
Мухаммад Шахрир, бывший глава земельных агентств в провинциях Риау и Северное Малуку, был признан виновным в получении взятки на сумму, эквивалентную 1,38 миллионам долларов США, от различных компаний в течение пяти лет. Помимо тюремного заключения суд также наложил штрафы на общую сумму 1,5 миллиона долларов; неуплата может повлечь за собой дополнительное тюремное заключение сроком до трех с половиной лет.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises for third session on rival oils strength; set for weekly drop
JAKARTA, Sept 15 (Reuters) - Malaysian palm oil futures rose for a third straight session on Friday, underpinned by strength in rival vegetable oils, but the market was set to post a second weekly drop.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.96%, to 3,797 ringgit ($810.89) per metric ton in early trade. The contract has lost nearly 1% so far this week.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 gained 1.04%, while its palm oil contract DCPcv1 increased 0.81%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.31%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Indonesia set its crude palm oil reference price at $798.83 per metric ton for the September 16-30 period, down from the first half of the month. However the export tax and levy unchanged at $33 per ton and $85 per ton, respectively
Top palm oil buyer India imported 1.13 million tons of palm oil in August, a 3.9% increase from the previous month to the highest in nine months, a leading trade body said.
Exports of Malaysian palm oil products for Sept. 1-10 fell by 11.2% from a month earlier, cargo surveyor Intertek Testing Services said on Sunday, while independent inspection company AmSpec Agri Malaysia estimated a 20.4% drop.
Malaysia's palm oil stocks at the end of August rose 22.5% from the previous month to 2.12 million tons, the highest in seven months, as output rose and exports slowed, data from the Malaysian Palm Oil Board showed on Monday.
There will be no daily reports from Reuters markets analyst Wang Tao from Sept. 14-15. Routine reports will resume on Sept. 18
MARKET NEWS
U.S. stocks ended sharply higher and the greenback jumped on Thursday as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.
Oil prices rose to their highest level in 10 months, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Sept 15 (Reuters) - Malaysian palm oil futures rose for a third straight session on Friday, underpinned by strength in rival vegetable oils, but the market was set to post a second weekly drop.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.96%, to 3,797 ringgit ($810.89) per metric ton in early trade. The contract has lost nearly 1% so far this week.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 gained 1.04%, while its palm oil contract DCPcv1 increased 0.81%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.31%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Indonesia set its crude palm oil reference price at $798.83 per metric ton for the September 16-30 period, down from the first half of the month. However the export tax and levy unchanged at $33 per ton and $85 per ton, respectively
Top palm oil buyer India imported 1.13 million tons of palm oil in August, a 3.9% increase from the previous month to the highest in nine months, a leading trade body said.
Exports of Malaysian palm oil products for Sept. 1-10 fell by 11.2% from a month earlier, cargo surveyor Intertek Testing Services said on Sunday, while independent inspection company AmSpec Agri Malaysia estimated a 20.4% drop.
Malaysia's palm oil stocks at the end of August rose 22.5% from the previous month to 2.12 million tons, the highest in seven months, as output rose and exports slowed, data from the Malaysian Palm Oil Board showed on Monday.
There will be no daily reports from Reuters markets analyst Wang Tao from Sept. 14-15. Routine reports will resume on Sept. 18
MARKET NEWS
U.S. stocks ended sharply higher and the greenback jumped on Thursday as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.
Oil prices rose to their highest level in 10 months, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm oil prices to climb by at least US$100 within next four to six months, says Mielke
https://mpoc.org.my/palm-oil-prices-to-climb-by-at-least-us100-within-next-four-to-six-months-says-mielke/
KUALA LUMPUR (Sept 12): Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke. The rise in CPO prices, according to him, is driven by a combination of factors, including developments related to Indian […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-prices-to-climb-by-at-least-us100-within-next-four-to-six-months-says-mielke/
KUALA LUMPUR (Sept 12): Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke. The rise in CPO prices, according to him, is driven by a combination of factors, including developments related to Indian […]
By: via Malaysian Palm Oil Council Russia
среда, 13 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
MPOA: Dire need for oil palm replanting
https://mpoc.org.my/mpoa-dire-need-for-oil-palm-replanting/
PETALING JAYA: There is an urgent need to ensure the sustainability of the palm oil industry in Malaysia and maintaining a strong level of output for competitive reasons. This is necessary through the replanting of ageing and unproductive oil palm trees in the country to ensure that the industry remains a viable player, according to […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mpoa-dire-need-for-oil-palm-replanting/
PETALING JAYA: There is an urgent need to ensure the sustainability of the palm oil industry in Malaysia and maintaining a strong level of output for competitive reasons. This is necessary through the replanting of ageing and unproductive oil palm trees in the country to ensure that the industry remains a viable player, according to […]
By: via Malaysian Palm Oil Council Russia
понедельник, 11 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Industry Insight into Mexican Oleochemical Industry
https://mpoc.org.my/industry-insight-into-mexican-oleochemical-industry/
Oleochemicals are chemical compounds derived from natural oils and fats such as palm oil, coconut oil, rapeseed oil, and tallow. These compounds are used in a wide range of applications, from the manufacturing of beauty products to the production of soaps and detergents, to the formulation of animal feed, to name a few. Oleochemical products […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/industry-insight-into-mexican-oleochemical-industry/
Oleochemicals are chemical compounds derived from natural oils and fats such as palm oil, coconut oil, rapeseed oil, and tallow. These compounds are used in a wide range of applications, from the manufacturing of beauty products to the production of soaps and detergents, to the formulation of animal feed, to name a few. Oleochemical products […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Russia moots visa-free travel to Malaysia | The Malaysian Insight
https://www.themalaysianinsight.com/s/461591
By: via Malaysian Palm Oil Council Russia
https://www.themalaysianinsight.com/s/461591
By: via Malaysian Palm Oil Council Russia
суббота, 9 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Объём товаров, выгруженных в трёх крупнейших российских портах (Петербурге, Владивостоке и Новороссийске) в августе, приблизился к максимумам, которые были до февраля 2022 года, сообщает Business Insider.
The volume of goods unloaded at the three largest Russian ports (St. Petersburg, Vladivostok and Novorossiysk) in August approached the highs that were before February 2022, Business Insider reports.
By: via Malaysian Palm Oil Council Russia
The volume of goods unloaded at the three largest Russian ports (St. Petersburg, Vladivostok and Novorossiysk) in August approached the highs that were before February 2022, Business Insider reports.
By: via Malaysian Palm Oil Council Russia
четверг, 7 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Palm Pulse September 2023
https://mpoc.org.my/palm-pulse-september-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-september-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
среда, 6 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Meet The Downstream Business Partners by MPOC, Istanbul 2023
https://mpoc.org.my/meet-the-downstream-business-partners-by-mpoc-istanbul-2023/
Papers Paper 1: Benefits of Vitamin E Tocotrienols Sherlyn Lim,General Manager, Avanstar Sdn Bhd Paper 2: Glycerin and Esters Application in Cosmetics Dr. Nurul Lina, Lead Researcher, FGV R&D Sdn Bhd Paper 3: Ensuring Traceability & Enhance Marketability with MSPO Ms. Sabarinah Marzuky, Director, Sabarinah & Associates Paper 4: Potential for Palm-Based Oleochemicals in Turkey Dr. […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/meet-the-downstream-business-partners-by-mpoc-istanbul-2023/
Papers Paper 1: Benefits of Vitamin E Tocotrienols Sherlyn Lim,General Manager, Avanstar Sdn Bhd Paper 2: Glycerin and Esters Application in Cosmetics Dr. Nurul Lina, Lead Researcher, FGV R&D Sdn Bhd Paper 3: Ensuring Traceability & Enhance Marketability with MSPO Ms. Sabarinah Marzuky, Director, Sabarinah & Associates Paper 4: Potential for Palm-Based Oleochemicals in Turkey Dr. […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm Oil Reserves in Malaysia Seen Rising to Six-Month High
2023-09-05 05:34:37.180 GMT By Anuradha Raghu (Bloomberg)
Palm oil stockpiles in Malaysia likely ballooned to the highest level in six months at the end of August as production in the second-biggest grower advanced while exports weakened.
Inventories climbed about 10% from a month earlier to 1.90 million tons, according to the median of 12 estimates in a Bloomberg survey of analysts, traders and plantation executives. That would mean stockpiles have jumped about 27% from the low in April, and could signal headwinds for benchmark palm oil prices.
Crude palm oil production rose about 7.5% to 1.73 million tons, the highest since October 2022, the survey showed.
Exports, however, are estimated to have dropped 1.5% to 1.33 million tons, after surging 16% a month earlier.
Palm oil futures in Kuala Lumpur have struggled to stay above the 4,000 ringgit psychological mark on concerns that high prices will erode demand. Prices retreated for a second day on Tuesday, dropping 0.6% to 3,961 ringgit a ton by the midday break.
Investors are also keeping watch on the pace of production in Malaysia, which is expected to peak between September and October. While stockpiles could accumulate in coming months, they’re expected to be capped by slower-than-expected output growth and steady consumer demand before key festivals.
Moving forward, exports could see a marginal recovery, driven by seasonal demand from China for the Golden Week festival and India for Diwali that’s celebrated in November, according to Sathia Varqa, senior analyst at Fastmarkets Palm Oil Analytics. India and China are the top palm importers.
More from the survey:
* Stockpile estimates ranged from 1.77 million to 1.97 million tons, production forecasts from 1.69 million to 1.77 million tons
* Export estimates were from 1.29 million to 1.43 million tons
* Imports are seen little changed at around 100,000 tons compared with 103,837 tons in July
* Local consumption estimates were from 250,000 tons to 340,000 tons
By: via Malaysian Palm Oil Council Russia
2023-09-05 05:34:37.180 GMT By Anuradha Raghu (Bloomberg)
Palm oil stockpiles in Malaysia likely ballooned to the highest level in six months at the end of August as production in the second-biggest grower advanced while exports weakened.
Inventories climbed about 10% from a month earlier to 1.90 million tons, according to the median of 12 estimates in a Bloomberg survey of analysts, traders and plantation executives. That would mean stockpiles have jumped about 27% from the low in April, and could signal headwinds for benchmark palm oil prices.
Crude palm oil production rose about 7.5% to 1.73 million tons, the highest since October 2022, the survey showed.
Exports, however, are estimated to have dropped 1.5% to 1.33 million tons, after surging 16% a month earlier.
Palm oil futures in Kuala Lumpur have struggled to stay above the 4,000 ringgit psychological mark on concerns that high prices will erode demand. Prices retreated for a second day on Tuesday, dropping 0.6% to 3,961 ringgit a ton by the midday break.
Investors are also keeping watch on the pace of production in Malaysia, which is expected to peak between September and October. While stockpiles could accumulate in coming months, they’re expected to be capped by slower-than-expected output growth and steady consumer demand before key festivals.
Moving forward, exports could see a marginal recovery, driven by seasonal demand from China for the Golden Week festival and India for Diwali that’s celebrated in November, according to Sathia Varqa, senior analyst at Fastmarkets Palm Oil Analytics. India and China are the top palm importers.
More from the survey:
* Stockpile estimates ranged from 1.77 million to 1.97 million tons, production forecasts from 1.69 million to 1.77 million tons
* Export estimates were from 1.29 million to 1.43 million tons
* Imports are seen little changed at around 100,000 tons compared with 103,837 tons in July
* Local consumption estimates were from 250,000 tons to 340,000 tons
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia Sept. 1-5 Palm Oil Exports +26.97% M/m: Intertek 2023-09-05 05:30:51.584 GMT By Kevin Varley (Bloomberg) -- Malaysia’s palm oil exports rose 26.97% m/m during Sept. 1-5, according to Intertek Testing Services.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
вторник, 5 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Techno-Economic Marketing for Palm Oil (TEMPO) Istanbul 2023
https://mpoc.org.my/techno-economic-marketing-for-palm-oil-tempo-istanbul-2023/
Papers Paper 1: Malaysian Palm Oil S&D Update Ms. Belvinder Sron, Chief Executive Officer, MPOC Paper 2: Deep Dive into the Margarine Sector of Turkey – Potential for Malaysian Palm Oil Ms. Ebru Akdağ, Chair of the Board of Directors, Turkish Plant-Based Foods Association Paper 3: Palm oil Food Applications for the Turkish Market Prof. Dr. […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/techno-economic-marketing-for-palm-oil-tempo-istanbul-2023/
Papers Paper 1: Malaysian Palm Oil S&D Update Ms. Belvinder Sron, Chief Executive Officer, MPOC Paper 2: Deep Dive into the Margarine Sector of Turkey – Potential for Malaysian Palm Oil Ms. Ebru Akdağ, Chair of the Board of Directors, Turkish Plant-Based Foods Association Paper 3: Palm oil Food Applications for the Turkish Market Prof. Dr. […]
By: via Malaysian Palm Oil Council Russia
понедельник, 4 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Erdogan and Putin failed to agree on the renewal of the "grain agreement".
According to the president of the Russian Federation, Russia is ready to return to this agreement only when all its demands are met. Among them, the removal of Russian grain and fertilizer supplies from sanctions, as well as the connection of banks to SWIFT.
The Russian Federation finally withdrew from the "grain agreement" in July this year.
By: via Malaysian Palm Oil Council Russia
According to the president of the Russian Federation, Russia is ready to return to this agreement only when all its demands are met. Among them, the removal of Russian grain and fertilizer supplies from sanctions, as well as the connection of banks to SWIFT.
The Russian Federation finally withdrew from the "grain agreement" in July this year.
By: via Malaysian Palm Oil Council Russia
воскресенье, 3 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
Россельхозбанк не будут подключать к SWIFT ради зерновой сделки
Планов подключать Россельхозбанк к системе расчетов SWIFT с целью восстановления зерновой сделки нет, заявили ТАСС дипломатические источники в ООН. Ранее турецкое агентство Anadolu сообщило, что организация подготовила новый пакет предложений с участием Турции по возобновлению зерновой сделки, в котором речь шла о Россельхозбанке.
By: via Malaysian Palm Oil Council Russia
Планов подключать Россельхозбанк к системе расчетов SWIFT с целью восстановления зерновой сделки нет, заявили ТАСС дипломатические источники в ООН. Ранее турецкое агентство Anadolu сообщило, что организация подготовила новый пакет предложений с участием Турции по возобновлению зерновой сделки, в котором речь шла о Россельхозбанке.
By: via Malaysian Palm Oil Council Russia
пятница, 1 сентября 2023 г.
Malaysian Palm Oil Council Russia's Post
В Малайзии к 2030 году намечен мандат на биодизельное топливо B30
Правительство Малайзии приступило ко второму этапу своей Национальной дорожной карты энергетического перехода (NETR). Этот проект был запущен премьер-министром Датуком Сери Анваром Ибрагимом. NETR включает в себя реализацию мандата по смешиванию биодизельного топлива B30. Согласно одной из ключевых инициатив программы, запланированная дата введения биодизеля B30 — 2030 год, «когда прогнозируется, что спред POGO [пальмовое масло/газойль] будет экономически обоснованным». Впервые о биодизеле B30 стало известно в феврале 2020 года тогдашним премьер-министром доктором Махатхиром Мохамадом на презентации Национальной автомобильной политики (NAP) 2020 года, в которой говорилось, что биодизель B30 должен быть внедрен в Малайзии к 2025 году.
By: via Malaysian Palm Oil Council Russia
Правительство Малайзии приступило ко второму этапу своей Национальной дорожной карты энергетического перехода (NETR). Этот проект был запущен премьер-министром Датуком Сери Анваром Ибрагимом. NETR включает в себя реализацию мандата по смешиванию биодизельного топлива B30. Согласно одной из ключевых инициатив программы, запланированная дата введения биодизеля B30 — 2030 год, «когда прогнозируется, что спред POGO [пальмовое масло/газойль] будет экономически обоснованным». Впервые о биодизеле B30 стало известно в феврале 2020 года тогдашним премьер-министром доктором Махатхиром Мохамадом на презентации Национальной автомобильной политики (NAP) 2020 года, в которой говорилось, что биодизель B30 должен быть внедрен в Малайзии к 2025 году.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
B30 biodiesel mandate pencilled in for 2030 in Malaysia
The Malaysian government has launched the second phase of its National Energy Transition Roadmap (NETR). This was launched by Prime Minister Datuk Seri Anwar Ibrahim and the NETR includes the implementation of a B30 biodiesel blending mandate. This has a target date of 2030 for B30 biodiesel to be mandated “when POGO [palm oil vs low-sulphur gas oil] spreads are projected to be economically viable,” according to one of the key initiatives of the programme. B30 biodiesel rst came to light in February 2020 by then Prime Minister Tun Dr Mahathir Mohamad at the launch of the 2020 National Automotive Policy (NAP), that stated B30 biodiesel was to be rolled out in Malaysia by 2025. In addition to B30 biodiesel implementation, the green mobility (heavy vehicles) energy transition lever also aims to introduce future powertrains for heavy vehicles, which is to track the advancement in technology for future fuel powertrains. The future fuel powertrains initiative also aims to “explore the utilisation of hydrogen for long-haul trucks and battery-electric vehicles (BEV) for short- to medium-haul trucks.”
By: via Malaysian Palm Oil Council Russia
The Malaysian government has launched the second phase of its National Energy Transition Roadmap (NETR). This was launched by Prime Minister Datuk Seri Anwar Ibrahim and the NETR includes the implementation of a B30 biodiesel blending mandate. This has a target date of 2030 for B30 biodiesel to be mandated “when POGO [palm oil vs low-sulphur gas oil] spreads are projected to be economically viable,” according to one of the key initiatives of the programme. B30 biodiesel rst came to light in February 2020 by then Prime Minister Tun Dr Mahathir Mohamad at the launch of the 2020 National Automotive Policy (NAP), that stated B30 biodiesel was to be rolled out in Malaysia by 2025. In addition to B30 biodiesel implementation, the green mobility (heavy vehicles) energy transition lever also aims to introduce future powertrains for heavy vehicles, which is to track the advancement in technology for future fuel powertrains. The future fuel powertrains initiative also aims to “explore the utilisation of hydrogen for long-haul trucks and battery-electric vehicles (BEV) for short- to medium-haul trucks.”
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Palm rises on supply concerns amid India festive demand
Palm oil futures ended higher on Wednesday, as warm weather threatened the supply of palm and rivaledible oils in Asia amid the high-demand festive season in India.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 80ringgit, or 2.04%to 4,010 ringgit ($864.78) per metric ton, up for a second straight session.
The Dalian palm contract DCPcv1, meanwhile, climbed 0.4%.
Hot and dry weather in India has squeezed crop yields amid higher demand during the festive season, offsetting concerns from existing high port inventories, said Mitesh Saiya, trading manager at Mumbai-based firm Kantilal Laxmichand and Co.
Dalian’s most-active soyoil contract DBYcv1 was up 0.1%, while its price on the Chicago Board of Trade BOcv1 rose 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
By: via Malaysian Palm Oil Council Russia
Palm oil futures ended higher on Wednesday, as warm weather threatened the supply of palm and rivaledible oils in Asia amid the high-demand festive season in India.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 80ringgit, or 2.04%to 4,010 ringgit ($864.78) per metric ton, up for a second straight session.
The Dalian palm contract DCPcv1, meanwhile, climbed 0.4%.
Hot and dry weather in India has squeezed crop yields amid higher demand during the festive season, offsetting concerns from existing high port inventories, said Mitesh Saiya, trading manager at Mumbai-based firm Kantilal Laxmichand and Co.
Dalian’s most-active soyoil contract DBYcv1 was up 0.1%, while its price on the Chicago Board of Trade BOcv1 rose 0.7%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
By: via Malaysian Palm Oil Council Russia
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