CPO Futures had one of the worst weeks in 11 months erasing nearly 400 points on the benchmark month, wiping out all of the gains from 3 weeks. Last day… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Category Archives: Archived
Indonesia’s leading state energy company Pertamina which controls a huge portion of Indonesia’s downstream fuels market has begun trials on B100 biodiesel and jet fuel at its recently-upgraded Cilacap oil refinery. Unlike the current B30 mandate that uses fatty acid methyl ester (FAME) or the planned B40 that
India’s veg oil imports rose 22.60% in December from the previous month reaching the highest in 4 months, or 20% higher from the same time last year propelled by a jump in CPO imports. Higher… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures faced a bloodbath with a sizeable drop bringing prices down to 3 weeks low after 1-15 Jan export was heard plunging to over 40% versus 1-15 Dec. Last day… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
MPOB data showed stocks down but not as low as the market expected after imports rose to compensate for the production losses. While production fall was within expectation. Exports did better than expected with CPO rising to over 700K tons or up 93% from November. For more analysis please subscribe or get a free trial,
CPO Futures was trading on the same dynamics from the first session—from higher to side-ways then to lower but closing above the support level of 3800 on the benchmark month after trading to low of 3788. Trading pace… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures snapped to close lower after six straight days of gain with benchmark Mar plunging 77 points to support level 3800 before regaining to close at 3817. Profit-taking and… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures ended 2020 at an average price of RM2700/ton (US$643)on the most active month contract, or RM452 higher than the previous year average, and posted the best performance in… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Malaysia CPO production declined by 7.59% in the first 20 days of October compared to the same time previous month weighed down by shrinking output from peninsular Malaysia (-10.18%) for the fourth successive month and a large fall from the state of Sarawak (-8.38%). Output from the largest CPO producing state Sabah edged down 1.11%
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