South Asia (Jan – Jul) 2023
https://mpoc.org.my/south-asia-jan-jul-2023/
Malaysian Palm Oil Export to South Asia Region(January-July 2023)A Review on MPO Export Performance Table 1: A Review on MPO Export Performance (MT) No. Country Jan-Jul2023 Jan-Jul2022 Diff (Vol) Diff (%) 1. India 1,576,420 1,651,464 (75,044) (4.54) 2. Pakistan 277,577 273,351 4,225 1.55 3. Bangladesh 142,400 148,991 (6,591) (4.42) 4. Afghanistan 114,448 79,255 35,193 44.41 […]
By: via Malaysian Palm Oil Council Russia
четверг, 31 августа 2023 г.
среда, 30 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
MENA & Balkan (Jan – Jul) 2023
https://mpoc.org.my/mena-balkan-jan-jul-2023/
Malaysian Palm Oil Exports Performance to MENA & Western Balkan Region(January – July 2023)A Review on MPO Performance Middle East COUNTRY Jan-July 2023 Jan-July 2022 Change(MT) Change(%) 1 TURKIYE 468,074 540,620 (72,546) (13.42) 2 SAUDI ARABIA 240,604 330,248 (89,643) (27.14) 3 IRAN 162,328 238,588 (76,259) (31.96) 4 U.A.E 105,882 172,552 (66,670) (38.64) 5 YEMEN […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/mena-balkan-jan-jul-2023/
Malaysian Palm Oil Exports Performance to MENA & Western Balkan Region(January – July 2023)A Review on MPO Performance Middle East COUNTRY Jan-July 2023 Jan-July 2022 Change(MT) Change(%) 1 TURKIYE 468,074 540,620 (72,546) (13.42) 2 SAUDI ARABIA 240,604 330,248 (89,643) (27.14) 3 IRAN 162,328 238,588 (76,259) (31.96) 4 U.A.E 105,882 172,552 (66,670) (38.64) 5 YEMEN […]
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Malaysian Palm Oil Council Russia's Post
Europe (Jan – Jul) 2023
https://mpoc.org.my/europe-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – July 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-July 23 Jan-July 22 Change (MT) Change (%) Jan-Dec 2022 EU-27 Netherlands 295,066 477,671 (182,605) (38.23) 818,045 Italy 109,491 149,652 (40,161) (26.84) […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/europe-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Europe Region(January – July 2023)A Review on MPO Performance A Review of MPO Export Performance (MT) Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) Country Jan-July 23 Jan-July 22 Change (MT) Change (%) Jan-Dec 2022 EU-27 Netherlands 295,066 477,671 (182,605) (38.23) 818,045 Italy 109,491 149,652 (40,161) (26.84) […]
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Malaysian Palm Oil Council Russia's Post
Africa (Jan – Jul) 2023
https://mpoc.org.my/africa-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – Jul 2023)A Review on MPO Export Performance North Africa Malaysian palm oil export to North Africa during Jan – July declined by 7.5% or 33,359 MT lower compared to the volume recorded in the same period of 2022. The decline was mainly due to lower […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/africa-jan-jul-2023/
Malaysian Palm Oil Exports Performance to Sub-Saharan Africa Region(January – Jul 2023)A Review on MPO Export Performance North Africa Malaysian palm oil export to North Africa during Jan – July declined by 7.5% or 33,359 MT lower compared to the volume recorded in the same period of 2022. The decline was mainly due to lower […]
By: via Malaysian Palm Oil Council Russia
вторник, 29 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat edges higher after survey shows lower Canadian crop
CANBERRA, Aug 30 (Reuters) - Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.
Soybean and corn prices stabilised after falling on Tuesday, when U.S. government data showed that hot and dry weather had not damaged U.S. crops as much as thought.
FUNDAMENTALS
The most active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.2% at $6.01-1/2 a bushel, as of 0116 GMT. Soybeans Sv1 were unchanged at $13.92-1/2 a bushel and corn Cv1 was up 0.2% at $4.87-1/2 a bushel.
Wheat production in Canada fell by 14.2% in 2023 compared to 2022, a Statistics Canada survey showed on Tuesday, due to lower-than-average precipitation and high temperatures.
However, Chicago wheat prices are down nearly 10% this month, with the market well supplied by cheap Russian grain.
Russia's Sovecon agriculture consultancy on Monday raised its forecast for this year's Russian harvest to 92.1 million metric tons from 87.1 million tons.
A Ukrainian official told Reuters that farmers were not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the war with Russia.
Data showed that soft wheat exports from the European Union in the 2023/24 season fell to 4.49 million metric tons by Aug. 27 from 6.31 million tons a year before.
In the soybean market, prices were supported by the U.S. Department of Agriculture (USDA) confirming private sales of 246,100 metric tons of U.S. soybeans and 105,000 metric tons of U.S. soybean meal for shipment to unknown destinations in the 2023/24 marketing year.
Soybean prices have risen around 4.5% this month as hot, dry weather in the United states damages crops at a crucial development phase.
Dry weather is expected to continue over the next few weeks but U.S. government data on Monday showed the damage to soybeans and corn was less severe than feared.
Soybeans are trading at their highest levels relative to corn since late 2016, which could lead to overproduction of U.S. soybeans in the coming years, moderating prices.
A Farm Futures magazine survey of U.S. planting intentions for 2024 found that growers expect to increase plantings of soybeans and wheat while reducing corn.
Brazil's soybean exports could reach 7.37 million metric tons in August, up from 5.05 million metric tons the same month a year ago, grain export group ANEC said.
Commodity funds were net sellers of Chicago Board of Trade wheat, soybean, corn, soymeal and soyoil on Tuesday, traders said.
MARKETS NEWS
Wall Street surged on Tuesday and Treasury yields dropped amid light, pre-holiday trading as a smattering of weak data had investors changing their expectations for U.S. monetary policy.
By: via Malaysian Palm Oil Council Russia
CANBERRA, Aug 30 (Reuters) - Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.
Soybean and corn prices stabilised after falling on Tuesday, when U.S. government data showed that hot and dry weather had not damaged U.S. crops as much as thought.
FUNDAMENTALS
The most active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.2% at $6.01-1/2 a bushel, as of 0116 GMT. Soybeans Sv1 were unchanged at $13.92-1/2 a bushel and corn Cv1 was up 0.2% at $4.87-1/2 a bushel.
Wheat production in Canada fell by 14.2% in 2023 compared to 2022, a Statistics Canada survey showed on Tuesday, due to lower-than-average precipitation and high temperatures.
However, Chicago wheat prices are down nearly 10% this month, with the market well supplied by cheap Russian grain.
Russia's Sovecon agriculture consultancy on Monday raised its forecast for this year's Russian harvest to 92.1 million metric tons from 87.1 million tons.
A Ukrainian official told Reuters that farmers were not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the war with Russia.
Data showed that soft wheat exports from the European Union in the 2023/24 season fell to 4.49 million metric tons by Aug. 27 from 6.31 million tons a year before.
In the soybean market, prices were supported by the U.S. Department of Agriculture (USDA) confirming private sales of 246,100 metric tons of U.S. soybeans and 105,000 metric tons of U.S. soybean meal for shipment to unknown destinations in the 2023/24 marketing year.
Soybean prices have risen around 4.5% this month as hot, dry weather in the United states damages crops at a crucial development phase.
Dry weather is expected to continue over the next few weeks but U.S. government data on Monday showed the damage to soybeans and corn was less severe than feared.
Soybeans are trading at their highest levels relative to corn since late 2016, which could lead to overproduction of U.S. soybeans in the coming years, moderating prices.
A Farm Futures magazine survey of U.S. planting intentions for 2024 found that growers expect to increase plantings of soybeans and wheat while reducing corn.
Brazil's soybean exports could reach 7.37 million metric tons in August, up from 5.05 million metric tons the same month a year ago, grain export group ANEC said.
Commodity funds were net sellers of Chicago Board of Trade wheat, soybean, corn, soymeal and soyoil on Tuesday, traders said.
MARKETS NEWS
Wall Street surged on Tuesday and Treasury yields dropped amid light, pre-holiday trading as a smattering of weak data had investors changing their expectations for U.S. monetary policy.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm marginally higher on rival edible oil gains, weak ringgit
SINGAPORE, Aug 30 (Reuters) - Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a softer ringgit.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 9 ringgit, or 0.23%, to 3,939 ringgit ($849.84) per metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 climbed 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
European Union soybean imports in the 2023/24 season had reached 2.16 million metric tons by Aug. 27, up 10% from 1.96 million tons a year earlier, data published by the European Commission showed on Tuesday.
India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century, two weather department officials told Reuters on Monday.
The Malaysian ringgit MYR=, palm's currency of trade, firmed 0.17% against the dollar, but remained near an over one-month low. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break a resistance at 3,963 ringgit per metric ton, and rise into the 4,017-4,050 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten down China stocks rose for a third straight day.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 30 (Reuters) - Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a softer ringgit.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 9 ringgit, or 0.23%, to 3,939 ringgit ($849.84) per metric ton in early trade.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 climbed 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.2%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
European Union soybean imports in the 2023/24 season had reached 2.16 million metric tons by Aug. 27, up 10% from 1.96 million tons a year earlier, data published by the European Commission showed on Tuesday.
India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century, two weather department officials told Reuters on Monday.
The Malaysian ringgit MYR=, palm's currency of trade, firmed 0.17% against the dollar, but remained near an over one-month low. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break a resistance at 3,963 ringgit per metric ton, and rise into the 4,017-4,050 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten down China stocks rose for a third straight day.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Saudi Arabia’s Animal Feed Industry: Opportunity for Malaysian Palm Oil
https://mpoc.org.my/saudi-arabias-animal-feed-industry-opportunity-for-malaysian-palm-oil/
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been receiving an increased number of visitors – both pilgrims and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/saudi-arabias-animal-feed-industry-opportunity-for-malaysian-palm-oil/
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been receiving an increased number of visitors – both pilgrims and […]
By: via Malaysian Palm Oil Council Russia
воскресенье, 27 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm dips on weaker Malaysian exports, but rival oils cap losses
SINGAPORE, Aug 28 (Reuters) - Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange dropped 6 ringgit, or 0.15%, to 3,956 ringgit ($850.75) per metric ton in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products during Aug. 1-25 were seen falling between 4.3% and 7.8% from July 1-25 period, independent inspection company AmSpec Agri Malaysia and cargo surveyor Intertek Testing Services said on Friday.
Indonesia's palm oil exports, including refined products, in June stood at 3.45 million tons, while the stock by the end of June was at 3.69 million tons, data from the Indonesian Palm Oil Association showed.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 also climbed 1.4%. Soyoil prices on the Chicago Board of Trade BOcv1 advanced 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, palm's currency of trade, weakened 0.26% against the dollar. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break resistance at 4,000 ringgit per metric ton and rise into a 4,080-4,135 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again.
Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 28 (Reuters) - Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange dropped 6 ringgit, or 0.15%, to 3,956 ringgit ($850.75) per metric ton in early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products during Aug. 1-25 were seen falling between 4.3% and 7.8% from July 1-25 period, independent inspection company AmSpec Agri Malaysia and cargo surveyor Intertek Testing Services said on Friday.
Indonesia's palm oil exports, including refined products, in June stood at 3.45 million tons, while the stock by the end of June was at 3.69 million tons, data from the Indonesian Palm Oil Association showed.
Dalian's most-active soyoil contract DBYcv1 rose 1.4%, while its palm oil contract DCPcv1 also climbed 1.4%. Soyoil prices on the Chicago Board of Trade BOcv1 advanced 0.5%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, palm's currency of trade, weakened 0.26% against the dollar. A weaker ringgit generally makes palm oil more attractive for foreign currency holders.
Palm oil FCPOc3 may break resistance at 4,000 ringgit per metric ton and rise into a 4,080-4,135 ringgit range, said Reuters technical analyst Wang Tao.
MARKET NEWS
Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again.
Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
By: via Malaysian Palm Oil Council Russia
суббота, 26 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Five EU countries want to extend the ban on the import of Ukrainian grain until the end of the year.
These are Bulgaria, Poland, Romania, Slovakia and Hungary. Polish Agriculture Minister Robert Telus said that even if the EU ban cannot be extended, some countries plan to introduce their own restrictions.
Import restrictions, which were introduced earlier, are valid until September 15.
The Ministry of Foreign Affairs of Ukraine has already responded to this statement. They say that the continuation of the ban on the import of Ukrainian products is unacceptable and called on the EU leadership to find a balanced solution.
By: via Malaysian Palm Oil Council Russia
These are Bulgaria, Poland, Romania, Slovakia and Hungary. Polish Agriculture Minister Robert Telus said that even if the EU ban cannot be extended, some countries plan to introduce their own restrictions.
Import restrictions, which were introduced earlier, are valid until September 15.
The Ministry of Foreign Affairs of Ukraine has already responded to this statement. They say that the continuation of the ban on the import of Ukrainian products is unacceptable and called on the EU leadership to find a balanced solution.
By: via Malaysian Palm Oil Council Russia
пятница, 25 августа 2023 г.
Malaysian Palm Oil Council Russia's Post
Производители продуктов питания предложили привязать цены к курсу валют. С такой инициативой ассоциация «Руспродсоюз» обратилась в Межотраслевой экспертный совет.
Меньше чем за год доллар вырос на 44%, евро — на 78%, а юань — на 60%. Кроме того, Центробанк повысил ставку рефинансирования с 8,5 до 12%, что привело к подорожанию кредитов.
By: via Malaysian Palm Oil Council Russia
Меньше чем за год доллар вырос на 44%, евро — на 78%, а юань — на 60%. Кроме того, Центробанк повысил ставку рефинансирования с 8,5 до 12%, что привело к подорожанию кредитов.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Malaysia’s palm oil board, Petronas to study use of palm waste for SAF
August 23, 2023 | Juan Pedro Tomas
In Malaysia, Reuters reported that Malaysia’s palm oil board and state oil company Petronas have signed an agreement with the aim of studying the use of used cooking oil and palm oil waste as sustainable aviation fuel.
The two entities signed a memorandum of understanding (MoU) on August 14 to explore the potential of palm-based products and wastes, such as used cooking oil and palm oil mill effluent, as the main raw materials for local bio-refineries to produce SAF.
“The signing of the MoU is also in line with the National Energy Policy 2022-2040 to reduce carbon emissions and make the energy sector a catalyst for the nation’s socioeconomic development,” the Malaysian Palm Oil Board said in a statement.
By: via Malaysian Palm Oil Council Russia
August 23, 2023 | Juan Pedro Tomas
In Malaysia, Reuters reported that Malaysia’s palm oil board and state oil company Petronas have signed an agreement with the aim of studying the use of used cooking oil and palm oil waste as sustainable aviation fuel.
The two entities signed a memorandum of understanding (MoU) on August 14 to explore the potential of palm-based products and wastes, such as used cooking oil and palm oil mill effluent, as the main raw materials for local bio-refineries to produce SAF.
“The signing of the MoU is also in line with the National Energy Policy 2022-2040 to reduce carbon emissions and make the energy sector a catalyst for the nation’s socioeconomic development,” the Malaysian Palm Oil Board said in a statement.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Heineken объявил о продаже своих активов в России.
В Heineken признали, что «сделка повлечет за собой ожидаемый общий совокупный убыток в размере €300 млн». Права обратного выкупа сделкой не предусмотрены.
Покупателем стал производитель парфюмерно-косметической и хозяйственно-бытовой продукции из Ставрополья «Арнест».
By: via Malaysian Palm Oil Council Russia
В Heineken признали, что «сделка повлечет за собой ожидаемый общий совокупный убыток в размере €300 млн». Права обратного выкупа сделкой не предусмотрены.
Покупателем стал производитель парфюмерно-косметической и хозяйственно-бытовой продукции из Ставрополья «Арнест».
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Вопрос создания единой валюты БРИКС никогда не обсуждался даже на неформальных встречах, заявил министр финансов ЮАР.
По его словам, страны блока ищут другие способы снизить зависимость от доллара, например, торговлю напрямую в национальных валютах.
By: via Malaysian Palm Oil Council Russia
По его словам, страны блока ищут другие способы снизить зависимость от доллара, например, торговлю напрямую в национальных валютах.
By: via Malaysian Palm Oil Council Russia
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