VEGOILS-Palm retreats on weaker U.S. soyoil, ringgit rally
JAKARTA, Dec 1 (Reuters) - Malaysian palm oil futures fell on Thursday after three straight sessions of gains, dragged down by weaker U.S. soyoil prices and a stronger ringgit.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 1.89% to 4,154 ringgit ($941.95) a tonne in early trade.
FUNDAMENTALS
Palm exports from Malaysia in November rose between 1.7% and 5.6% from the month before, according to data from cargo surveyors Intertek Testing Services and Amspec Agri.
Soyoil prices on the Chicago Board of Trade BOc2 were down 3.09%. Dalian's most active soyoil contract DBYv1 rose 0.15%, while its palm oil contract DCPv1 fell 0.42%.
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= gained 0.74% against the U.S. dollar after a 1.37% rally on Wednesday, touching its strongest since July. A stronger ringgit makes palm oil less attractive for holders of foreign currencies.
Palm oil may retest a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices nosed ahead in early Asian trade, lifted by signs of tighter supply and by optimism over a Chinese demand recovery.
Asian equities jumped, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening.
By: via Malaysian Palm Oil Council Russia
среда, 30 ноября 2022 г.
вторник, 29 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm set for second monthly rise; China's COVID rules in focus
KUALA LUMPUR, Nov 30 (Reuters) - Malaysian palm oil futures firmed on Wednesday and extended gains for a second consecutive month, as hopes of China easing its strict COVID-19 policy lifted equities and commodities markets.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,224 ringgit ($941.81) a tonne during early trade.
For the month, palm has risen 4.3%.
FUNDAMENTALS
China will speed up COVID-19 vaccinations for elderly people, health officials said on Tuesday, aiming to overcome a key stumbling block in efforts to ease the unpopular "zero-COVID" curbs.
Oil rose on expectations that China would loosen its COVID curbs, but gains were limited by concerns that OPEC+ would keep its output unchanged at its upcoming meeting.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.12%.
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 test a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into the 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
The S&P 500 .SPX closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while U.S. oil futures gained on hopes of China easing its COVID-19 restrictions that have fuelled fears about the global economy.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 30 (Reuters) - Malaysian palm oil futures firmed on Wednesday and extended gains for a second consecutive month, as hopes of China easing its strict COVID-19 policy lifted equities and commodities markets.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,224 ringgit ($941.81) a tonne during early trade.
For the month, palm has risen 4.3%.
FUNDAMENTALS
China will speed up COVID-19 vaccinations for elderly people, health officials said on Tuesday, aiming to overcome a key stumbling block in efforts to ease the unpopular "zero-COVID" curbs.
Oil rose on expectations that China would loosen its COVID curbs, but gains were limited by concerns that OPEC+ would keep its output unchanged at its upcoming meeting.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
Dalian's most active soyoil contract DBYcv1 rose 1.6%, while its palm oil contract DCPcv1 gained 1.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.12%.
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 test a resistance at 4,329 ringgit a tonne, a break above which could lead to a gain into the 4,400-4,497 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
The S&P 500 .SPX closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while U.S. oil futures gained on hopes of China easing its COVID-19 restrictions that have fuelled fears about the global economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Trialogue Negotiations on the Deforestation-Free Products Regulation
https://mpoc.org.my/trialogue-negotiations-on-the-deforestation-free-products-regulation/
On 17 November 2021, the European Commission (Commission) published its Draft Proposal for a Regulation on Deforestation-free products. Under the future Regulation, commodities and products associated with deforestation and forest degradation, likely including wood, cattle, soya, palm oil, coffee, and cocoa, would not be allowed to be placed on the EU market or exported from […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/trialogue-negotiations-on-the-deforestation-free-products-regulation/
On 17 November 2021, the European Commission (Commission) published its Draft Proposal for a Regulation on Deforestation-free products. Under the future Regulation, commodities and products associated with deforestation and forest degradation, likely including wood, cattle, soya, palm oil, coffee, and cocoa, would not be allowed to be placed on the EU market or exported from […]
By: via Malaysian Palm Oil Council Russia
понедельник, 28 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises for second day, tracks rival oils
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian palm oil futures rose for a second day on Tuesday, tracking strength in edible oils on Dalian and Chicago exchanges, with hopes of improving exports lifting prices further.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.33%, to 4,195 ringgit ($931.81) a tonne during early trade.
FUNDAMENTALS
Fundamentals remain bullish with prospects of higher exports and lower output, Refinitiv Agriculture Research said in note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 gained 3.7%. Soyoil prices on the Chicago Board of Trade BOcv1 extended a 2% overnight jump.
Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows.
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 4,079-4,176 ringgit a tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian palm oil futures rose for a second day on Tuesday, tracking strength in edible oils on Dalian and Chicago exchanges, with hopes of improving exports lifting prices further.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.33%, to 4,195 ringgit ($931.81) a tonne during early trade.
FUNDAMENTALS
Fundamentals remain bullish with prospects of higher exports and lower output, Refinitiv Agriculture Research said in note late Monday.
Dalian's most-active soyoil contract DBYcv1 rose 2.7%, while its palm oil contract DCPcv1 gained 3.7%. Soyoil prices on the Chicago Board of Trade BOcv1 extended a 2% overnight jump.
Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows.
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 4,079-4,176 ringgit a tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares edged higher as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Hypocritical to disallow palm oil for sustainable aviation fuel
https://mpoc.org.my/hypocritical-to-disallow-palm-oil-for-sustainable-aviation-fuel/
LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the aviation industry is coping with the demand to decarbonise. Increasingly, the industry […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/hypocritical-to-disallow-palm-oil-for-sustainable-aviation-fuel/
LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the aviation industry is coping with the demand to decarbonise. Increasingly, the industry […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Экспорт пальмового масла из Индонезии снижается? подталкивая цены вверх. В результате активного экспорта и внутреннего потребления запасы масла в Индонезии резко сократились. Продолжающиеся осадки в некоторых частях ЮВА сильно замедлили сбор урожая во время низкого сезона - Oil World
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
пятница, 25 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
"AAK strengthens its position in southeast India by acquiring Arani Agro Oil - AAK AB"
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
четверг, 24 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm oil slumps as Malaysian ringgit surges
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
By: via Malaysian Palm Oil Council Russia
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Инфляция в РФ с 15 по 21 ноября составила 0,11%, годовая замедлилась до 12,3%
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
By: via Malaysian Palm Oil Council Russia
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Украина экспортировала через «зерновой коридор» на $3,5 млрд.
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
By: via Malaysian Palm Oil Council Russia
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises on exports data expectations, set for weekly gains
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Власти Китая приняли решение снова ввести карантин по COVID в столице страны городе Пекине.
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
среда, 23 ноября 2022 г.
Malaysian Palm Oil Council Russia's Post
The 2022 Sustainable Palm Oil Dialogue – a recap
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
By: via Malaysian Palm Oil Council Russia
Подписаться на:
Сообщения (Atom)