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
среда, 23 августа 2023 г.
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
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