Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm oil gains on smaller March inventories

KUALA LUMPUR, April 11 (Reuters) - Malaysian palm oil futures rose for a second session on Tuesday after lower-than-expected March inventories, although weak exports in April so far capped gains.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 11 ringgit, or 0.29%, to 3,848 ringgit ($871.57) a tonne during early trade.

FUNDAMENTALS
Indonesia plans to set its crude palm oil reference price at $932.69 per tonne for the April 16-30 period, up from $898.29 per tonne in the first half of the month, an official at the economic coordinating ministry said on Monday.

Malaysia's palm oil inventories at end-March plunged 21.08% from the previous month to 1.67 million tonnes as exports surged, data by the Malaysian Palm Oil Board showed on Monday.

Exports of Malaysian palm oil products for April 1-10 fell between 29% and 35.6% from the same week in March, cargo surveyors said on Monday.

Dalian's most-active soyoil contract DBYcv1 fell 0.2%, while its palm oil contract DCPcv1 gained 1.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.3%.

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 keep bouncing to 3,910 ringgit per tonne, a break above which could open the way towards 3,980 ringgit, Reuters technical analyst Wang Tao said.

MARKET NEWS
U.S. stocks closed mostly flat and the dollar rose on Monday after strong jobs data last week pointed to the Federal Reserve hiking interest rates in May, while the yen eased after Japan's new central bank governor vowed to maintain ultra-loose policy.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Два крупнейших западных грузоотправителя российского зерна Cargill и Viterra прекратят закупки на экспорт, что даст местным компаниям больше контроля над экспортом сельхозпродукции.

Archer-Daniels-Midland сейчас пересматривает свою долю в российской компании по производству подсластителей и крахмала.

Некоторые пищевые и сельскохозяйственные компании сократили свою деятельность или инвестиции за последний год. Другой крупный трейдер, Bunge, уже покинул Россию в 2022 году.
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Malaysian Palm Oil Council Russia's Post

Jana potensi jualan RM66 juta di Kazakhstan, Uzbekistan | Astro Awani
https://www.astroawani.com/video-bisnes/jana-potensi-jualan-rm66-juta-di-kazakhstan-uzbekistan-2017381
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm oil slips for third session ahead of MPOB data

KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures eased on Friday, extending a two-day decline ahead of key data, although the contract is set for a weekly rise buoyed by expectations of tightening supply.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange eased 2 ringgit, or 0.05%, to 3,821 ringgit ($868.41) a tonne during early trade.

For the week, palm has risen 1.5% so far, advancing for a second consecutive week.

FUNDAMENTALS
Investors are awaiting Malaysian Palm Oil Board (MPOB) data due on Monday to determine further price direction.

A Reuters' survey ahead of MPOB data forecast Malaysia's palm oil inventories tumbling to an eight-month low of 1.77 million tonnes at end-March, as exports soared ahead of the month of Ramadan.

Dalian's most-active soyoil contract DBYcv1 eased 0.7%, while its palm oil contract DCPcv1 fell 0.7%. The Chicago Board of Trade BOcv1 was closed for a public holiday.

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

Oil prices were little changed on Thursday but posted a third weekly gain as markets weighed further production cuts targeted by OPEC+ and falling U.S. oil inventories against fears about the global economic outlook.

Stronger crude futures make palm a more attractive option for biodiesel feedstock.

MARKET NEWS
U.S. stocks reversed an earlier sell-off to close higher on Thursday, and Treasury yields steadied, as investors digested weak labor market data ahead of a U.S. jobs report, seeking signs the Federal Reserve could pause on rate hikes.
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Malaysian Palm Oil Council Russia's Post

Рубль начал слабеть по отношению к юаню. В последние недели российские банки впервые купили у ЦБ сразу 2,8 млрд юаней за 31,8 млрд рублей через валютный своп — сделку, предполагающую обратную продажу через какое-то время с уплатой процентов, причем объем таких покупок только растет.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Как сообщили Politico три европейских дипломата, ЕС планирует обсудить 11-й пакет санкций против России сразу после католической Пасхи (9 апреля).
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Malaysian Palm Oil Council Russia's Post

Заявление о «безграничной дружбе» между Москвой и Пекином не более чем риторический приём - посол Китая в ЕС Фу Цун.
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Malaysian Palm Oil Council Russia's Post

FORECAST. March exports from Indonesia fell sharply, and part of the demand shifted back to Malaysia. After Eid Indonesia strongly accelerates to export means - more discount, price down
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Акционеры ГК "Русагро" на годовом собрании утвердили решение совета директоров не выплачивать дивиденды по итогам 2022 года
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Malaysian Palm Oil Council Russia's Post

Индия и Малайзия договорились проводить торговые расчеты в индийских рупиях.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Премьер-министр Малайзии заявил, что нет причин продолжать зависеть от доллара США.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

VEGOILS-Palm oil extends gains, hovers near two-week high
2023/04/04 11:42 AM

KUALA LUMPUR, April 4 (Reuters) - Malaysian palm oil futures gained ground on Tuesday and remained within touching distance of a two-week peak reached in the previous session following a surge in crude prices.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.67%, to 3,910 ringgit ($887.22) a tonne during early trade.

The contract jumped 3.3% on Monday, tracking a spike in crude prices after the OPEC+ group jolted markets with plans to cut more production.

FUNDAMENTALS
Oil prices steadied after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy.

Stronger crude futures make palm a more attractive option for biodiesel feedstock.

Exports of Malaysian palm oil products for March rose 24.7% to 1,411,707 tonnes from 1,131,939 tonnes shipped during February, cargo surveyor Societe Generale de Surveillance said on Monday.

Dalian's most-active soyoil contract DBYcv1 gained 0.9%, while its palm oil contract DCPcv1 rose 1.2%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.2%.

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 gain further to 3,963 ringgit per tonne, as it has broken a resistance at 3,853 ringgit, Reuters technical analyst Wang Tao said.

MARKET NEWS
Exports of Malaysian palm oil products for March rose 24.7% to 1,411,707 tonnes from 1,131,939 tonnes shipped during February, cargo surveyor Societe Generale de Surveillance said on Monday.
By: via Malaysian Palm Oil Council Russia

Malaysian Palm Oil Council Russia's Post

Louis Dreyfus с 1 июля прекращает экспорт российского зерна.
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