Category Archives: News

MPOB—Bearish report after imports spike leaving stocks unchanged from October. Exports fell at a sharper pace

MPOB data is seen as bearish after exports fell at much lower than market expectation while stocks did not drop as much as anticipated mitigated by a sharp rise in imports reaching 11 months high. Nevertheless, CPO Futures clawed back to above 3400 on the benchmark month with spurts of sell-off. Attention will now be on

CCNO CIF Rotterdam—Offer price recover. Trading takes a breather. Spread to CPKO widen

CCNO CIF Rotterdam—Offer price recover. Trading takes a breather. Spread to CPKO widen CCNO tracked CPKO with offer prices rebounding higher from the previous week, while the number of trades slowed down after 8 weeks of intense buying and selling. Offer prices were up US$35 flat on all delivery months to US$1475/ton on nearby to

Local CPKO: Prices rebound. Export down and stocks to end lower in Nov

CPKO prices staged a comeback rising by RM3.20 to a weekly average of RM275.20/picul or US$1118/ton after snapping to slide lower by RM14.60 last week following 7 consecutive weekly rises. CPKO rose at the back of bullish CPO Futures which was trading on sentiments of lower production and dwindling stocks. CPKO traded between RM 271-285.

Malaysia production lackluster for the second month in October

Palm Oil Analytics - MPOA 1-20 Oct 2020 table

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%

India edible oil stocks improve as usage rise in September

Palm oil data - India edible oil stocks - Oct

India vegetable oils import fell in September month-on-month by 20.19% to 1.044 million tons due to higher prices and as refiners work through to clear the backlog of high imports from the previous 2 months when inbound shipment notched 11 months high in July—India Solvent Extractors Association data showed. Indian vegetable oil imports are trending

CCNO CIF Rotterdam—Higher offers, intense trading and widening spread

Palm Oil Analytics - Philippines CNO export Jan-Sept

CCNO offer prices moved up US$ 30-50 last week sparked by rising buying interest, particularly for Dec-Jan coverage. There were a total of 5 trades heard concluded at an average value of US$ 1076/ton. In contrast to CPKO, CCNO traded at around US$ 5 below the asking price. CCNO weekly average prices rose the most

CPKO MPOB: Higher prices, stronger exports and thinner stocks

Palm oil price - Local CPKO traded prices

CPKO local prices locked in another week of rising to RM 4 to RM 193.40/picul or US$ 772/ton week-on-week average, tracking the modest gains on CPO Futures. Local CPKO traded between RM 189-195/picul staying within the 50 days rolling average trend. Prices failed to test the high of RM 210/picul as we predicted after the

CPKO MPOB: Slowdown in production, high exports, low domestic usage

Palm Oil Analytics - Local CPKO 5-9 Oct

CPKO weekly price made modest gains rising by RM 0.80 to RM 189.40/picul after seeing the largest decline in 13 weeks in the prior week. CPKO traded RM 186-192/picul broadly within the range we predicted. Prices have been tracking the 50-day rolling average since the middle of the year in line with the Futures market.

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