Category Archives: News

India palm oil import fall 8% in November after the surge in October. Palm oil import share to rise in 2020-21

India palm oil imports fell 8% to 618,468 tons in November from the same time last year reaching the lowest in 5 months—Solvent Extractors Association data showed. Imports fell in November after a sharp surge in the previous month as buyers ramped up inbound shipment to meet Diwali seasonal festival usage when consumption of the

Indonesia export rises by a sharp 12.22% in November. CPO export to Malaysia sees a noticeable increase

Palm Oil - Ship in a port - Indo

Palm oil export from the world’s largest producer jumped 12.22% in November month-on-month recording the largest pace of increase in 4 months propelled by robust shipment to China (20.45%), India (3.26%) and Pakistan (28.99%) – cargo surveyor ITS data showed. Exports to the top 3 destinations made up 46% of the overall volume in the

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

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