Author Topic: CPO Latest Updated News  (Read 126677 times)

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #250 on: July 12, 2018, 09:57:37 AM »
SPPOMA: 1-10th July18
Overall Summary :
Yield: +12.19%
OER : -0.68%
Production: +8.61%

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #251 on: July 12, 2018, 12:27:21 PM »
Weaker CPO price performance likely in 2H18

Plantation sector

 Maintain neutral:
Malaysian palm oil inventories were unexpectedly up for the first time in six months as a sharp decline in exports outpaced a decline in production. During the first half (1H), palm oil inventories rose 0.8% year-on-year (y-o-y) while production and exports gained 2.3% and 5.1%, respectively.

Meanwhile, the crude palm oil (CPO) price had performed poorly year to date (YTD), down 17.5% y-o-y to RM2,415/tonne while the spot price recently fell to a two-year low of RM2,247/tonne. We continue to maintain a “neutral” outlook with a full-year CPO price forecast of RM2,350/tonne.

In contrast to the market expectation of stagnant growth, inventories climbed 0.8% month-on-month (m-o-m) to 2.18 million tonnes (a three-month high) as palm oil exports outpaced production. Stock-to-usage ratio rose in the second straight month, up from 11.5% to 13%. Going forward, we expect to see higher inventories in 2H of 2018 (2H18) on the back of higher palm oil production.

CPO exports experienced a sharp decline, down 12.6% m-o-m to 1.12 million tonnes, the lowest level since February 2017. The poor export data was mainly due to weaker demand from China (-19.5%), the European Union (-0.7%) and Pakistan (-23.3%), despite strong demand from India (+112.1%) and the US (+0.6%).

June CPO production saw a bigger decline, down 12.6% m-o-m to 1.33 million tonnes. Production in Peninsular Malaysia fell 13.6% m-o-m while Sabah and Sarawak dipped 11.5% m-o-m. The weak production was likely due to the low harvesting activities during the long holiday break.

For the first 10 days of July 2018, Malaysia’s CPO exports registered another decline, down 14.2% m-o-m, according to Intertek. Average June CPO price dropped from RM2,396/tonne to RM2,317/tonne. YTD, CPO prices averaged at RM2,415/tonne, down 17.5% y-o-y.

We anticipate weaker CPO price performance in 2H18 due to the seasonal uptick in CPO production while demand grows at a slower pace.

Apart from that, Indonesia might continue to undercut the CPO prices against the Malaysian benchmark as they are currently having excess supplies. The little consolation is that Malaysia could potentially grab some additional orders from the Chinese market given the intensifying trade tension between China and the US. — PublicInvest Research, July 11

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #252 on: July 13, 2018, 05:39:15 PM »
Palm oil price may fall to RM2,100/T, near current low


The price of Malaysian palm oil could drop to as low as 2,100 ringgit ($519.80) per tonne "in the medium term", edible oil analyst Thomas Mielke told an industry event in Seoul, not far from current levels which is the weakest in almost three years.

 "(There is) only limited downside potential on the BMD from current prices," he said, according to a copy of his presentation, referring to palm's benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange.

Malaysian palm oil fell to 2,176 ringgit on Thursday, the lowest since September 2015, tracking losses in prices of related edible oils amid weak demand and a festering trade dispute between China and the United States. The price has lost 6 percent this month.

 Mielke, editor of the Hamburg-based newsletter Oil World, said current Indonesian palm oil prices are also near their lows at $570-$580 a tonne, free-on-board basis. They have averaged $600 per tonne in June, according to Thomson Reuters Eikon data. <PALM-IDFOB-P1>

     Mielke also said the growth trend in China's soybean crushing could be temporarily interrupted due to its trade row with the United States, leading to higher palm oil imports.

 "China cannot satisfy all of its soybean import demand from non-U.S. origins," he said. "China is likely to raise palm oil imports, if the soybean crush is curbed."

 China typically imports soybeans to crush into meal for animal feed, leaving soyoil as a byproduct which competes with palm.

 Mielke slightly cut his outlook for palm oil production in Indonesia and Malaysia, which together produce about 90 percent of global supply.

 He pegged 2018 output in Indonesia at 38.9 million tonnes and Malaysia's at 20.2 million tonnes. In March, he had forecast 38.8 million tonnes for Indonesia and 20.8 million tonnes for Malaysia.

 Next year's production in Indonesia is estimated at 40.5 million tonnes and Malaysia at 20.7 million tonnes, he said. ($1 = 4.0400 ringgit) - Reuters
 

Tags / Keywords:
Palm Oil , Plantations

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #253 on: July 13, 2018, 05:41:52 PM »
Vegoils: Palm oil near three-year low tracking weakness in related oils

KUALA LUMPUR (Reuters) - Malaysian palm oil futures fell to their lowest in nearly three years on Friday and were set for a fourth session of losses, tracking declines in related edible oils.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.1 percent at 2,183 ringgit ($540.61) a tonne at the midday break.

It earlier fell as much as 0.7 percent to 2,170 ringgit, the lowest since Sept. 22, 2015. It is down 3.7 percent so far this week, as sentiment was largely bearish due to weak demand and jitters over the Sino-U.S. trade spat.

Trading volumes stood at 18,288 lots of 25 tonnes each at the midday break.

“Weakness in CBOT soybean oil and Dalian olein prices are pressuring palm,” said a futures trader in Kuala Lumpur, referring to U.S. soyoil on the Chicago Board of Trade and palm olein prices on China’s Dalian Commodity Exchange.

The market was waiting for fresh triggers, another trader added.

Palm oil prices are usually impacted by the performance of other edible oils as they compete for a share in the global vegetable oils market.

The Chicago December soybean oil contract fell 0.4 percent, while the September soybean oil contract on China’s Dalian Commodity Exchange slipped to 0.2 percent.

Meanwhile, the Dalian September palm oil contract eased 0.4 percent.

Palm oil is expected to break a support at 2,187 ringgit per tonne and fall more to 2,148 ringgit, said Reuters market analyst for commodities and energy technicals Wang Tao.

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #254 on: July 17, 2018, 09:11:51 AM »
SGS export 1-15th Jul 454,524mt vs 1-15th Jun 498,272mt, down 43,748mt (-8.78%)

AmSpec export 1-15th Jul 486,609mt vs 1-15th Jun 500,197mt, down 13,588mt (-2.72%)

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #255 on: July 23, 2018, 10:55:47 PM »
Malaysia export 1-20 July 2018 vs. 1-20 June (in mt)
ITS : 722,401 vs. 695,263 (+27,138, or +3.90%)
AmSpec : 681,178 vs. 690,015 (-8,837, or –1.28%)
SGS
Malaysia's July 1-20 palm oil exports, +3.3% (MoM), SG

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #256 on: July 23, 2018, 10:56:19 PM »
SPPOMA: 1-20th July vs. 1-20 June 18
Overall Summary :
Yield: +42.13%
OER : -0.56%
Production: +39.18%
Palm Oil Analytics

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #257 on: July 26, 2018, 10:57:06 PM »
CPO Data Jul 2018

MPOB (June 18)
Stocks: 2.19 million tonnes (+0.8%)
Production: 1.33 million tonnes (-12.6%)
Exports: 1.13 million tonnes (-12.6%)

Amspec Export
Jul 1-10: 278,048 vs 324,947 (-14.4%)
Jul 1-15:  486,609 vs 500,197 (-2.7%)
Jul 1-20: 681,178 vs 690,015 (-1.28%)
Jul 1-25: 902,979 vs 860,217 (+5%)

SPPOMA Production
Jul 1-10: +8.61%
Jul 1-15: +12.96%
Jul 1-20: +39.18%
Jul 1-25: +27.61%

MPOA Production 1-20 Jul
Pen Malaysia            +22.1%
Sabah                       +10.7%
Sarawak                    +11.0%
Malaysia                   +18.0%

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #258 on: August 01, 2018, 09:31:48 AM »
Malaysia's Palm Oil exports fall 3.9% in July

Exports of Malaysian Palm Oil products for July fell 3.9 percent to 1,030,909 tonnes from 1,073,224 tonnes shipped during June, according to independent inspection company AmSpec Agri Malaysia.

Palm Oil futures in Malaysia slipped in early trade on Tuesday, tracking overnight losses in U.S. soyoil and on weak export data from a cargo surveyor.

Palm oil has declined 6.2 percent so far this year, in what could be its sharpest monthly drop since November.

Palm oil prices are influenced by the performance of other edible oils as they compete for a share in the global vegetable oils market.

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #259 on: August 07, 2018, 10:21:22 AM »
Reuters Survey July vs Jun MPOB:
Prodn 1.54m vs 1.33m (+15.9%)
Impt 51k vs 86k (-40.7%)
Expt 1.14m vs 1.13m (+0.9%)
LDsp 302k vs 271k (+11.4%)
Stks 2.34m vs 2.18m (+7%)

CIMB Poll July vs Jun MPOB:
Prodn 1.499m vs 1.333m (+12%)
Impt 86k vs 86k (unch)
Expt 1.099m vs 1.129m (-3%)
LDsp 236k vs 271k (-13%)
Stks 2.438m vs 2.189m (+11%)

Bloomberg Poll July vs Jun MPOB:
Prodn 1.56m vs 1.33m (+17%)
Impt 50k vs 86k (-41%)
Expt 1.13m vs 1.13m (unch)
LDsp 230k-270k vs 271k

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #260 on: August 11, 2018, 02:14:16 PM »
MALAYSIA'S JULY PALM OIL END-STOCKS UP 1.3 PCT TO 2.21 MLN T FROM JUNE – MPOB
MALAYSIA'S JULY PALM OIL OUTPUT UP 12.8 PCT TO 1.5 MLN T FROM JUNE – MPOB
MALAYSIA'S JULY PALM OIL EXPORTS RISE 6.8 PCT TO 1.21 MLN T FROM JUNE – MPOB

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #261 on: August 11, 2018, 02:14:51 PM »
Malaysia Palm Oil Export 1-10 Aug vs. 1-10 Jul (in metric tons)
ITS : 300,326 vs. 281,651 (+18,675 or up 6.63%)
Palm Oil Analytic

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #262 on: August 16, 2018, 09:28:23 AM »
CPO Data Aug 2018

MPOB (July 18)
Stocks: 2.21 million tonnes (+1.3%)
Production: 1.50 million tonnes (+12.8%)
Exports: 1.21 million tonnes (+6.8%)

AmSpec Export

Aug 1-10: 298,610 vs 278,048  (+7.40%)
Aug 1-15: 415,719 vs  486,609 (-14.6%)

SPPOMA Production

Aug 1-10: +0.12%

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #263 on: August 21, 2018, 03:24:29 PM »
CPO Data Aug 2018

MPOB (July 18)
Stocks: 2.21 million tonnes (+1.3%)
Production: 1.50 million tonnes (+12.8%)
Exports: 1.21 million tonnes (+6.8%)

AmSpec Export

Aug 1-10: 298,610 vs 278,048  (+7.40%)
Aug 1-15: 415,719 vs  486,609 (-14.6%)
Aug 1-20 : 609,098 vs 681,178 (-10.6%)

SPPOMA Production

Aug 1-10: +0.12%
Aug 1-20: +3.88%

Offline vincent88

  • Knight
  • **
  • Posts: 292
Re: CPO Latest Updated News
« Reply #264 on: October 22, 2018, 03:09:00 PM »
Dear all,

Anyone wish to receive the FCPO fundamental news and please let me know.