Author Topic: CRUDE PALM OIL  (Read 41175 times)

Offline king

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Re: CRUDE PALM OIL
« Reply #200 on: February 04, 2017, 08:05:32 AM »



产量下月复苏
棕油价料回跌至2500元
70点看 2017年2月4日
(吉隆坡3日讯)印度戈德瑞国际有限公司(Godrej International)分析员米斯里预计,大马原棕油产量强稳复苏的首个迹象,可能在3月出现,届时,原棕油价格料回跌至每吨2500令吉。

米斯里在印度新德里演讲时表示,市场会对原棕油产量上涨的首个迹象做出反应,导致原棕油价格大幅下滑。


大马原棕油期货在短期内,可涨至每公吨3300令吉,原棕油的船上交货(Free On Board,简称FOB)也会涨至每公吨800美元(约3542令吉)。

不过,他说大马原棕油期货会在6或7月份,下跌至每吨2500令吉。

此外,经提炼、漂白和除臭(简称RBD)棕油精(palm olein)的船上交货价格,料也跌至每吨650美元(约2878令吉)。

整体来看,原棕油供应仍然非常吃紧。截至1月底,大马原棕油库存可能跌破150万吨。去年12月,大马原棕油库存录得167万吨。

他说,比起2015至2016年的1470万吨植物油进口,印度在2016至2017年的植物油进口,预计为1430万吨。

“葵花油将会是今年的大赢家。”

美国生物柴油计划充满着不确定,不过米斯里表示,该计划在3月底会有较明确的动向。

在没有中国储备菜籽油库存的缓冲下,菜籽油价格的波动会较大。


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Re: CRUDE PALM OIL
« Reply #201 on: February 04, 2017, 10:02:10 AM »



Saturday, 4 February 2017 | MYT 6:47 AM
Malaysian palm oil price edges down tracking Dalian
image: http://www.thestar.com.my/~/media/online/2016/10/05/08/52/palm-oil-plant.ashx/?w=620&h=413&crop=1&hash=8ADAC137AEEB2BAF8FF76E3E22D9562F7CEF1A40
Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.
Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.
 
KUALA LUMPUR: Malaysian palm oil edged down on Friday after a rebound in the previous session, tracking vegetable oil futures on the Dalian Commodity Exchange, which reopened after the Lunar New Year holidays.

    Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.

    Traded volumes were thin with 20,369 lots of 25 tonnes each changing hands.
    A Kuala Lumpur-based trader said palm was primarily tracking the movements on Dalian.

    "The Chinese are trying to catch up with what's happened to the markets over the last few days. How Dalian performs in the afternoon will be important - if it recovers, palm will follow suit," the trader said.

    The trader added that Dalian could be reflecting concerns among Chinese importers after China's central bank raised short-term interest rates to contain capital outflows.

    Another trader said palm's fundamentals remained intact, reiterating that traders were taking cues from Dalian.

    "Market is drifting and trading in a narrow range, showing its indecisiveness," the trader said.

    Palm oil may drop to a support at 3,014 ringgit per tonne, as it has failed to break a resistance at 3,089 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

    Cargo surveyor Intertek Testing Services said on Tuesday that exports of Malaysian palm oil products for January rose 8.1 percent to 1,174,893 tonnes from 1,086,523 tonnes shipped during December. 

    On Thursday, the Southern Palm Oil Millers Association released data showing a fall of 21.8 percent in production for January.

    On the Chicago Board Of Trade, the March soybean oil contract fell 0.4 percent.

    The May contract for Dalian soybean oil was down 1.6 percent, while the palm olein contract slid 2.1 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/02/04/palm-edges-down-tracking-dalian/#oc6XekuyeYgdYiXI.99

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Re: CRUDE PALM OIL
« Reply #202 on: February 06, 2017, 09:03:06 AM »



棕油价徘徊3100至3200元
44点看 2017年2月6日
本周大马原棕油期货,预计在3100令吉至3200令吉之间徘徊。

Interband集团高级原棕油交易员郑锦(译音)预计,本周原棕油的需求,主要是来自印度和巴基斯坦。


本周五(10日)公布的1月大马原棕油表现报告,可为交易员提供一些方向感。他预计该数据应该是良好的。

上周二,大豆油期货价格疲弱与令吉增值,抹去一些利润。

不过,随后市场担忧供应,加上对上个月出口表现的预期良好,市场反弹,但投资者在周五套利。

按周比较,2月期货上升7令吉,报每吨3250令吉;3月期货扬5令吉,达3140令吉;4月期货涨15令吉,达3055令吉;5月期货则跌25令吉,至2982令吉。

上周成交量减至14万8105宗,低于前周的17万9299宗;而未平仓合约则从20万3482宗,增至23万8017宗。


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Re: CRUDE PALM OIL
« Reply #203 on: February 06, 2017, 03:12:54 PM »



3/2/17


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Re: CRUDE PALM OIL
« Reply #204 on: February 07, 2017, 02:51:21 PM »



6/2/17

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Re: CRUDE PALM OIL
« Reply #205 on: February 08, 2017, 10:04:10 AM »



7/2/17

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Re: CRUDE PALM OIL
« Reply #206 on: February 10, 2017, 09:49:20 AM »



8/2/17

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Re: CRUDE PALM OIL
« Reply #207 on: February 10, 2017, 02:57:41 PM »



ATEST NEWS
Vegoils
Palm hits over 2-wk high on lower stockpiles forecast ahead of data release
By Reuters / Reuters   | February 10, 2017 : 2:39 PM MYT   
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KUALA LUMPUR (Feb 10): Malaysian palm oil futures were in line for a fourth consecutive session of gains in early trade on Friday, climbing to their highest in over two weeks, supported by expectations of low inventory numbers ahead of a government data release.

Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1% to 3,132 ringgit (US$704.77) a tonne at the midday break. It earlier hit a high of 3,135 ringgit, the highest since Jan 25.

Traded volumes stood at 18,930 lots of 25 tonnes each at noon.

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The market was earlier up on bullish expectations of falling inventory figures, said a futures trader from Kuala Lumpur, but added that prices were not likely to sustain in the second half of trade, following the official data release from the Malaysian Palm Oil Board (MPOB) at the midday break on Friday.

"Both stocks and exports are below market expectations. We should see some adjustment in terms of prices in the afternoon," he said.

Palm oil inventories in Malaysia, the world's second largest producer of the tropical oil, fell to a five-month low at end-January, MPOB data showed.

The 7.6% decline in end-stocks to 1.54 million tonnes, however, was weaker than market expectations, which pegged stockpiles to drop 10.7% to 1.49 million tonnes.

Exports slightly rose 1.2% to 1.28 million tonnes, while output declined more than forecast on the impact of flooding from monsoon rains and fewer harvesting days in January, due to the Lunar New Year celebrations.

Palm oil may break a resistance at 3,128 ringgit per tonne, and gain more to the next resistance at 3,169 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related edible oils, the March soybean oil contract on the Chicago Board of Trade was up 0.3%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.4%.

The May contract for Dalian palm olein gained 0.7%.
                   
 Palm, soy and crude oil prices at 0552 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       FEB7     3335  +34.00    3310   3335      156
 MY PALM OIL       MAR7     3227  +36.00    3215   3228     1485
 MY PALM OIL       APR7     3132  +34.00    3118   3135     8544
 CHINA PALM OLEIN  MAY7     6266  +46.00    6178   6284   387988
 CHINA SOYOIL      MAY7     6936  +26.00    6874   6950   261778
 CBOT SOY OIL      MAR7    34.78   +0.11   34.62  34.96     3958
 INDIA PALM OIL    FEB7   581.70   -0.40  581.60  585.6      552
 INDIA SOYOIL      FEB7      706   -0.15   705.7    711     1680
 NYMEX CRUDE       MAR7    53.08   +0.08   53.00  53.16    11641

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Re: CRUDE PALM OIL
« Reply #208 on: February 11, 2017, 07:28:49 AM »



财经  2017年02月10日
產能剧跌 出口上扬 棕油库存5个月新低

產能剧跌 出口上扬 棕油库存5个月新低

(吉隆坡10日讯)受到棕油產能剧跌和出口上扬影响,大马1月份的棕油库存量跌至154万公吨,为5个月来新低水平。

大马棕油局(MPOB)今日公佈的1月棕油数据显示,大马棕油库存量按月下跌7.6%,至154万公吨,是去年8月以来首次按月呈跌。不过,库存的按月跌幅没有市场预测糟糕,而库存数额也高于预测。

產量方面则受到「厄尔尼诺」的影响,导致按月急跌13.4%,至128万公吨,写下自去年3月的新低纪录。

《路透社》此前的调查结果预测,1月的棕油库存將按月下跌10.7%,至149万公吨,產量则下滑9.1%,至134万公吨;而《彭博社》的调查预估则显示,1月棕油库存將按月下跌11%,至149万公吨,而產量下跌9.5%,至133万公吨。


隨著市场早前已预期库存將减少,带动了棕油价格走势。

点击放大图
点击放大图

棕油期货早盘衝高

大马衍生產品交易所的棕油期货价格在週五早盘一度创下2週新高水平,至每公吨3135令吉。半天交易涨1.1%,至每公吨3132令吉。

不过,午盘交易,棕油期货价格回吐涨幅,截至下午5时,微涨0.19%,至每公吨3104令吉。

《路透社》原產品和能源分析员王涛(译音)表示,棕油预期將衝破第1道阻力水平每公吨3128令吉,並朝向第2道阻力3169令吉前进。

联昌国际投行区域种植分析主管认为,大马部份地区受到水灾影响,以及適逢华人农历新年佳节导致工作日减少,是棕油產能减少的主因。

他也指出,市场需求减少,相信是库存跌幅没有预期高的主因,这或许对棕油价格些许负面,但棕油价不会显著下跌,因为库存依然处在5个月新低水平。

另一方面,大马棕油局也指出,1月份的棕油出口数据止跌,按月扬1.2%,至128万公吨。此前,大马的棕油出口已连跌4个月。

早前《路透社》和《彭博社》的调查结果分別显示,今年1月份棕油出口料涨1%和3.9%,至129万公吨和132万公吨,是去年8月以来首次按月呈涨。

交易商指出,儘管棕油出口数据显示市场对棕油需求回温,但目前大豆价格更具竞爭力。

有鉴于此,交易商认为,印度將是未来支撑棕油出口的市场。自去年11月份受当地政府打压洗钱活动,而將500及1000卢比钞票作废后,抑制了当地购买棕油的需求。

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Re: CRUDE PALM OIL
« Reply #209 on: February 13, 2017, 09:38:38 AM »



10/2/17

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Re: CRUDE PALM OIL
« Reply #210 on: February 14, 2017, 08:01:02 AM »



Plantation firms expected to deliver good financial results
Posted on 14 February 2017 - 05:40am
sunbiz@thesundaily.com
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PETALING JAYA: PublicInvest Research expects most of the plantation companies to deliver good set of results in the upcoming reporting season, riding on stronger CPO prices and recovery of fresh fruit bunches (FFB) production in Indonesia.

For Q4, average CPO prices stood at RM2,952 per tonne, a 36% year-on-year and 12.2% quarter-on-quarter growth.

Among the companies under coverage, the research house is of the view that Genting Plantations Bhd, Sime Darby Bhd and TSH Resources Bhd could potentially deliver earnings surprises as they should benefit from both production recovery in Indonesia as well as stronger CPO prices.

Kenanga Research suggested investors take profit on planters, in view of the likely strong end-Feb results season, as a CPO price correction is likely to happen in late Q1 to Q2 2017 on seasonal production uptick, thus maintaining a reasonable discount to soybean oil.

Despite that, the research house remains near-term “positive” and long-term “neutral” on the plantation sector, with an updated Q1 CPO trading range of RM2,850 to RM3,360 per tonne and unchanged FY17 CPO price of RM2,550 per tonne.It is of the view that CPO prices will continue to be supported by expectations of lower production in February.

Kenanga Research foresees exports to go lower in February in anticipation of tight supplies, high prices and less trading days, which could continue to dampen demand.

“Furthermore, compared with soybean oil, CPO is currently trading at a US$10 per tonne discount month-to-date, which is very unattractive against to the two-year average of US$100 per tonne. As a result, we expect exports to remain soft in February 2017, at -12% to 1.13 million tonnes,” it noted.

Exports in January were relatively flat at 1% month-on-month growth as improved China and global demand offset weaker Pakistan, European Union and India demand.

Kenanga Research foresees stocks for February 2017 to continue falling, by 8% to 1.42 million tonnes as demand outweighs supply, premised on both weaker exports on unattractive price and supply fundamentals, plus seasonally softer production.

While CPO production weakening for the fourth consecutive month in January, Kenanga Research believes it will bottom out in February with a 10% decline to 1.15 million tonnes, on the back of lower harvesting days and seasonal impact to further weaken production, in line with historical February production patterns.

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Re: CRUDE PALM OIL
« Reply #211 on: February 14, 2017, 10:05:51 AM »



13/2/17

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Re: CRUDE PALM OIL
« Reply #212 on: February 15, 2017, 11:36:54 AM »



14/2/17

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Re: CRUDE PALM OIL
« Reply #213 on: February 16, 2017, 01:57:01 PM »



15/2/17

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Re: CRUDE PALM OIL
« Reply #214 on: February 16, 2017, 08:44:27 PM »



Vegoils
Palm drops to near 3-month low on rising output, weaker rival oils
By Reuters / Reuters   | February 16, 2017 : 8:10 PM MYT   
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KUALA LUMPUR (Feb 16): Malaysian palm oil futures fell to their lowest in nearly three months on Thursday evening, weighed down by expectations of rising output and tracking weaker performing rival oils.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.3% to RM2,929 (US$658.05) a tonne at the end of the trading day. They earlier hit an intraday low of RM2,925, the weakest since Nov 22.

Traded volumes stood at 70,395 lots of 25 tonnes each in the evening.

Traders said the market dipped on expectations of rising February output. "Overseas markets also weakened," said a futures trader from Kuala Lumpur, referring to rival edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange. 

Palm oil prices have been trading at over four-year highs on tight market supplies, as the lingering effects of a crop damaging El Nino and monsoon floods lowered output in January.

Production declined 13.4% for the full month of January, its sharpest drop in a year, according to data from industry regulator the Malaysian Palm Oil Board.

Output, however, is seen rebounding in February, in line with the seasonal trend and as the El Nino's dry weather effects wear off.

Palm oil may retest a support at RM2,959 per tonne, a break below which could open the way towards the next support at RM2,879, according to analysis by Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related edible oils, the March soybean oil contract on the Chicago Board of Trade fell 0.5%, while the May soybean oil contract on the Dalian Commodity Exchange was down 0.6%.

The May contract for Dalian palm olein also declined 1%.

Palm oil prices are influenced by the movements of related oils, as they compete for a share in the global vegetable oils market

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Re: CRUDE PALM OIL
« Reply #215 on: February 17, 2017, 10:19:28 AM »



16/2/17

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Re: CRUDE PALM OIL
« Reply #216 on: February 17, 2017, 02:44:37 PM »



Vegoils
Palm oil hits 3-month low on rising output, lean export demand
By Reuters / Reuters   | February 17, 2017 : 1:51 PM MYT   
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KUALA LUMPUR (Feb 17): Malaysian palm oil futures dropped to their lowest in three months on Friday, based on expectations of rising production levels and slow export demand.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.3% at RM2,892 (US$649.01) a tonne at the midday break. Earlier in the session, they hit RM2,883, their sharpest fall since Nov 18, 2016.

Traded volumes stood at 31,896 lots of 25 tonnes each at noon.

"Fundamentally production is inching up but exports are uncertain," said a Kuala Lumpur-based futures trader.

"The trading band in the short term should be RM2,800–RM3,000," he said, however, adding that it is too early to determine whether this is the start of a price-declining phase.

In the recent weeks, palm oil prices have reached their highest in more than four years as market supplies are tight on low production levels.

Palm's fresh fruit yields are still suffering the effects of a crop-damaging El Nino, but is expected to recover by the second-half of the year and weighing on benchmark prices, according to leading industry analysts.

A rise in export demand could support prices, but demand in the first-half of February declined from the corresponding period last month, showed cargo surveyor data.

Societe Generale de Surveillance shipment data showed a 3.6% fall in exports, while Intertek Testing Services saw a 1.4% rise.

Palm oil is expected to seek a support at RM2,879 per tonne, and then either hover above this level or bounce towards a resistance at RM2,959, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In competing vegetable oils, the May soybean oil contract on the Chicago Board of Trade slipped as much as 0.7%, while the May soybean oil contract on the Dalian Commodity Exchange lost up to 1.6%.

The May contract for Dalian palm olein fell as much as 2.7%

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Re: CRUDE PALM OIL
« Reply #217 on: February 20, 2017, 12:09:39 PM »



17/2/17

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Re: CRUDE PALM OIL
« Reply #218 on: February 21, 2017, 11:09:04 AM »



20/2/17

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Re: CRUDE PALM OIL
« Reply #219 on: February 21, 2017, 03:40:28 PM »



Tuesday, 21 February 2017 | MYT 6:49 AM
Malaysian palm oil price at 3-month low on slowing demand, rising supply
image: http://www.thestar.com.my/~/media/online/2016/10/05/08/52/palm-oil-plant.ashx/?w=620&h=413&crop=1&hash=8ADAC137AEEB2BAF8FF76E3E22D9562F7CEF1A40
Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15.  Traded volumes stood at 72,604 lots of 25 tonnes.
Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15. Traded volumes stood at 72,604 lots of 25 tonnes.
 
SINGAPORE: Malaysian palm oil futures slid for a third consecutive session on Monday, falling to its lowest since mid-November as slowing demand and expectations of higher supplies weighed on the market.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15.

Traded volumes stood at 72,604 lots of 25 tonnes.

"There is not much direction for the market as Chicago is closed today," a Kuala Lumpur-based trader said.

"As far as fundamentals are concerned, it is pretty bearish as the output is rising everywhere, Indonesia and Malaysia. Soybean oil is priced competitively against palm oil, so it is getting difficult for palm oil to compete."

The Chicago Board of Trade soybean futures, which often direct movement in palm oil, were closed on Monday for the Presidents Day federal holiday.

In recent weeks, palm oil prices have reached their highest in more than four years as market supplies are tight on low production levels.

Palm's fresh fruit yields are still suffering the effects of a crop-damaging El Nino, but expectations of a recovery by the second-half of the year are weighing on prices, according to industry analysts.

Meanwhile, the demand is slipping. Exports of Malaysian palm oil products for February 1 - 20 fell 0.8 percent to 733,288 tonnes from 739,367 tonnes shipped a month ago, cargo surveyor Intertek Testing Services said on Monday.

But another cargo surveyor, Societe Generale de Surveillance said exports during the period rose 1.7 percent to 745,564 tonnes from 733,002 tonnes shipped during Jan. 1-20.

The market may bounce to 2,914 ringgit per tonne, as suggested by its wave pattern, a Fibonacci projection analysis and a falling channel, according to Wang Tao, Reuters market analyst for commodities and energy technicals.

China's Dalian palm olein fell 0.8 percent.
($1 = 4.456 ringgit) - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/02/21/palm-oil-at-3-month-low-on-slowing-demand/#w4SuCCd7U3ztxyht.99

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Re: CRUDE PALM OIL
« Reply #220 on: February 22, 2017, 10:28:36 AM »



2/2/17

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Re: CRUDE PALM OIL
« Reply #221 on: February 23, 2017, 11:01:04 AM »



22/2/17

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Re: CRUDE PALM OIL
« Reply #222 on: February 24, 2017, 10:59:22 AM »



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Re: CRUDE PALM OIL
« Reply #223 on: February 25, 2017, 06:59:09 AM »



 上则新闻
大马国际投资净资產812亿
下则新闻
营收增长24% EG次季净利涨43%
财经  2017年02月24日
米斯里:棕油价2500有支撑

(吉隆坡24日讯)印度戈德瑞国际董事多拉米斯里称,由于市场静待棕油產量復甦的信號,棕油价格料在每公吨2500令吉水平获得支撑,而棕仁油支撑水平则为每公吨650美元。

多拉米斯里在出席拉斯维加斯演讲后向媒体指出,大马棕油產量是否会在去年12月开始持续取得按月成长,是至关重要的指標。

「许多棕油生產商也似乎察觉到,大马棕油產量开始迈向復甦。我预计,大马棕油產量將在今年下半年攀高。」

针对棕油价格,他坦言,隨著棕油价格在过去4周反弹,棕油业者趁机以此价钱售卖,以维持高水平售价。


值得一提的是,多拉米斯里曾于本月2日估计,大马衍生品交易所的棕油期货价格有望在短期內升至每公吨3300令吉,棕仁油也可能攀高至每公吨800美元。

同时,他当时也预测,棕油期货价格將在6月或7月下滑至每公吨2500令吉,棕仁油则回调至每公吨650令吉。

由于食用油供应增加,棕油期货价格在周二(21日)曾下探至3个月以来低水平。

截至今天下午5时,棕油期货价格下跌11令吉,至每公吨2771令吉。此外,基于棕油生產国实施反向出口税(invertedexporttax),棕油在印度流失市场份额。

多拉米斯里指出,印度作废纸幣政策拖慢印度商业活动,进而也衝击植物油进口业务。

他估计,印度植物油產量今年料提高150万公吨,或者明年会出现產量剧增的状况,这得取决于当地的饮食需求。

至于大豆油及生物柴油走势,他坦言,这得看美国2017年生物柴油政策何去何从。

美国左右棕油市场

「我认为,走马上任的美国总统特朗普可能会推出某些利好当地农民的政策,以回馈美国乡村居民。」

他补充,美国很大可能会把属于棕油提炼商的税务优惠政策,转给种植业者。

换言之,美国生物柴油政策將左右棕油市场是否走向牛市的关键。他指出,向日葵油和大豆油价差仍保持原有水平。

同时,向日葵油產量大幅增加,该类植物油在印度、巴基斯坦和中国市佔率正不断地提高

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Re: CRUDE PALM OIL
« Reply #224 on: February 26, 2017, 07:21:13 AM »



Business NewsHome > Business > Business News
Saturday, 25 February 2017 | MYT 6:50 AM
Malaysian palm oil price recovers on better demand, but sees 2nd weekly fall
image: http://www.thestar.com.my/~/media/online/2016/12/04/02/57/palm-oil-fruits.ashx/?w=620&h=413&crop=1&hash=D432E8058B831522889B8FAAE62673C9D6A9D224
Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.
Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures recovered in late trade on Friday on forecasts of stronger export data and short-covering ahead of the weekend.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.

However, the second daily gain this week could not prevent a second weekly decline, with the market down by 1.8 percent since Feb. 20, unable to shake off concerns over rising output.

Traded volumes stood at 68,348 lots of 25 tonnes each on Friday evening.

Palm oil shipments could see improvements during the Feb. 1-25 period from a month ago, traders said ahead of the release of data from cargo surveyors.

Intertek Testing Services, which reported a 0.8 percent fall in exports for the Feb. 1-20 period, is expected to release its latest data on Saturday.

Societe Generale de Surveillance, however, reported a 1.7 percent rise in shipments in the same period and is expected to release its data on Monday.

Palm oil could bounce to a resistance level of 2,827 ringgit a tonne, having found support at 2,750 ringgit, said a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, soybean oil on the Chicago Board of Trade was up 0.7 percent on Friday, while the soybean oil contract on China's Dalian Commodity Exchange declined 0.4 percent.

The May contract for palm olein on the Dalian exchange fell by 0.3 percent.

- Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/02/25/palm-oil-recovers-on-better-demand/#mq07U5BD1W1omhH5.99

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Re: CRUDE PALM OIL
« Reply #225 on: February 27, 2017, 11:50:08 AM »



24/2/17

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Re: CRUDE PALM OIL
« Reply #226 on: February 27, 2017, 02:16:18 PM »
KUALA LUMPUR (Feb 27): Sime Darby Bhd saw its net profit for the second  financial quarter ended Dec 31, 2016 (2QFY17) more than double to RM644 million or 9.7 sen per share, from RM285 million or 4.6 sen per share in 2QFY16, on a stronger performance from its plantations segment, due to the increase in crude palm oil (CPO) prices and better production of fresh fruit bunches.  :clap: :clap: :clap:

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Re: CRUDE PALM OIL
« Reply #227 on: February 28, 2017, 10:41:23 AM »



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Re: CRUDE PALM OIL
« Reply #228 on: February 28, 2017, 02:14:08 PM »



Vegoils
Palm falls to near 4-month low on weaker demand, rising output
By Reuters / Reuters   | February 28, 2017 : 1:35 PM MYT   
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KUALA LUMPUR (Feb 28): Malaysian palm oil futures extended falls into a second session on Tuesday, hitting their lowest in nearly four months, on forecasts of weaker demand and rising output.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange were down 0.5% at 2,739 ringgit (US$616.48) a tonne at the midday break.

Earlier in the session, they fell to their weakest level since Nov 4, 2016 at 2,736 ringgit. Palm has posted two consecutive weeks of declines, shedding 8.6%.

Traded volumes stood at 22,527 lots of 25 tonnes each at noon on Tuesday.

"Export plays a part in it," said a futures trader from Kuala Lumpur, referring to cargo surveyor data that showed slowing shipments for February.

"Production is picking up... So, traders are selling ahead."

Palm oil shipments from Malaysia, the world's second-largest palm oil producer after Indonesia, fell 14.2% in February from a month earlier, according to data from Intertek Testing Services on Tuesday.

Output is expected to rise from now and the second quarter of the year, following a recovery in fresh fruit yields. A crop-damaging El Nino had impacted production in late 2015 and 2016, but analysts forecast its effects to wear off this year.

Palm oil may break a support at 2,750 ringgit per tonne and fall more to the next support at 2,703 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, soybean oil on the Chicago Board of Trade was up 0.2%, while the soybean oil contract on the Dalian Commodity Exchange fell 0.3%.

The May contract for palm olein on the Dalian Commodity Exchange was down 0.7%.
   
Palm, soy and crude oil prices at 0437 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       MAR7     2887  -33.00    2887   2915      344
 MY PALM OIL       APR7     2787  -15.00    2786   2813     1043
 MY PALM OIL       MAY7     2739  -15.00    2736   2767    10623
 CHINA PALM OLEIN  MAY7     5790  -40.00    5742   5826   423328
 CHINA SOYOIL      MAY7     6576  -20.00    6534   6598   233770
 CBOT SOY OIL      MAY7    32.69   +0.02   32.55  32.75     4319
 INDIA PALM OIL    FEB7   544.90   +0.00  544.40  544.9        7
 INDIA SOYOIL      MAR7        0   +0.00       0      0        0
 NYMEX CRUDE       APR7    54.20   +0.15   54.01  54.21    11303

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Re: CRUDE PALM OIL
« Reply #229 on: March 01, 2017, 10:24:03 AM »



28/2/17

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Re: CRUDE PALM OIL
« Reply #230 on: March 02, 2017, 11:50:32 AM »



1/3/17


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Re: CRUDE PALM OIL
« Reply #231 on: March 02, 2017, 03:59:26 PM »



Vegoils
Palm oil dips on weaker US soy, profit-taking before industry meet
By Reuters / Reuters   | March 2, 2017 : 2:27 PM MYT   
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KUALA LUMPUR (March 2): Malaysian palm oil futures dipped slightly in early trade on Thursday, after two sessions of gains, tracking weaker soyoil on the Chicago Board of Trade (CBOT) and on some profit-taking ahead of an industry conference next week.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange fell 0.1% to RM2,828 (US$635.79) a tonne at the midday break.

Traded volumes stood at 20,808 lots of 25 tonnes each at noon on Thursday.

"The overseas market this morning is weaker," said a futures trader from Kuala Lumpur, referring to CBOT soyoil.

"There's also some profit-taking ahead of the palm and lauric oil conference as most think the outlook there will be bearish."

Industry players expect leading analysts to provide bearish price forecasts at a conference next week. Palm prices are seen weakening between now and the second half of the year, as production levels are expected to recover when the effects of a crop damaging El Nino wear off.

Palm oil prices track the movements of related oils such as soy, as they compete for a share in the global vegetable oils market.

Soyoil, used as a feedstock in biodiesel production, weakened after it surged over 6% on Tuesday on reports that the US president was preparing an executive order on biofuels, even though the claims were later denied.

Palm oil may rise to a resistance at RM2,880 per tonne as it has broken above a resistance at RM2,820, said Reuters market analyst for commodities and energy technicals Wang Tao.

In related vegetable oils, soybean oil on the Chicago Board of Trade fell 0.8%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.3%.

The May contract for palm olein on the Dalian Commodity Exchange was also slightly down 0.03%

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Re: CRUDE PALM OIL
« Reply #232 on: March 03, 2017, 09:52:35 AM »



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Re: CRUDE PALM OIL
« Reply #233 on: March 03, 2017, 03:52:14 PM »



Vegoils
Palm falls after three sessions of gains on weaker soy
By Reuters / Reuters   | March 3, 2017 : 3:02 PM MYT   
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KUALA LUMPUR (March 3): Malaysian palm oil futures fell on Friday, heading for their first drop in four sessions on declines in overnight soyoil prices, and on expectations of bearish forecasts at an upcoming industry conference.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 0.6% at RM2,845 (US$638.90) a tonne at the midday break, after gaining about 4% in the last three sessions.

For the week, they have gained 1.4% in what could be their first weekly rise in three.

Traded volumes stood at 17,685 lots of 25 tonnes each on Friday at noon.

"Soyoil was down sharply yesterday... There was some profit-taking after a strong upside, so palm also saw some pull-back," said a futures trader from Kuala Lumpur.

"The second thing is no one wants to take a strong, long position ahead of the palm and lauric oil conference," he said, referring to the palm oil industry conference in Kuala Lumpur next week.

Industry players expect leading analysts to provide bearish price forecasts at the conference. Palm prices are seen weakening between now and the second half of the year as production levels are expected to recover when the effects of a crop-damaging El Nino wear off.   

Palm oil prices are also impacted by the movements of related oils such as soy as they compete for a share in the global vegetable oils market.

In related vegetable oils, soybean oil on the Chicago Board of Trade rose 0.3%, while the May soybean oil contract on the Dalian Commodity Exchange was down 0.03%.

The May contract for palm olein on the Dalian Commodity Exchange gained 0.4%.

Palm oil is expected to test a support at RM2,820 per tonne, according to Wang Tao, a Reuters market analyst for commodities and energy technicals

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Re: CRUDE PALM OIL
« Reply #234 on: March 05, 2017, 09:08:55 PM »



2017-03-05 19:23
今年经济,能靠棕油来救吗?
大马是全球第二大棕油生产和出口国,棕油领域是经济主要贡献。随着棕油产量增加,分析员预测2017年全年平均棕油价每公吨将维持在2700令吉左右。除了为出口带来732亿令吉收入,并拉抬整体农业产值将增长2%;去年农业衰退5.1%。

(图:法新社)
大马是全球第二大棕油生产和出口国,棕油领域是经济主要贡献。随着棕油产量增加,分析员预测2017年全年平均棕油价每公吨将维持在2700令吉左右。除了为出口带来732亿令吉收入,并拉抬整体农业产值将增长2%;去年农业衰退5.1%。

广告

 
达证券表示,棕油对大马经济有举足轻重的影响力,在更高产量及稳定棕油价格,将推高棕油出口。

预料2017年棕油出口将成长11.2%,至1790万公吨,对整体出口收入贡献也将按年增13.3%,至732亿令吉。

由于棕油占了大马农业40%产值贡献,因此若棕油产量减少将会对整体经济造成显著影响。过去一年,农业产值连续4个季度下降,当中以第二季度下跌7.9%幅度最高,这是因为棕油产量减少19%导致。

尽管如此,在去年第四季,农业产值下跌幅度缩窄至2.4%,主要是厄尔尼诺现象影响开始消退,棕油产量恢复。12月棕油鲜果串(FFB)产量更是迎来2016年首次成长1.5%。

目前大马棕油出口占全球总出口37%,棕油产量占全球总产量37%,是继印尼之后全球第二的棕油生产和出口国。去年,棕油领域的43万1357名员工,占了大马总就业人口的3%,而棕油出口占了总出口的5%。

棕油价下半年或回调



财富翻倍 张晓卿全国第九大富豪

广告

 
拉尼娜效应尚未对棕油产量发挥影响力,达证券预测上半年棕油价走势依然强劲,惟在下半年产量恢复与马币走稳后,棕油价格可能会回调。

达证券表示,在厄尔尼诺现象结束后,拉尼娜现象也会随之而来,带来更低温及更多雨水,这有利棕油产量。不过,拉尼娜现象需要至少6至9个月才会真正对棕油果实产量起正面效应。

由于拉尼娜现象影响依然微弱,达证券预测今年棕油产量只有微幅成长。大马棕油局(MPOB)预测今年棕油产量将增加12%,至1940万公吨;库存则是按年增加7.8%,至180万公吨。

中印需求持续疲弱

广告

除了马币走稳和产量增加,棕油进口大国印度和中国需求持续疲弱也会遏制棕油价格涨势。

棕油价格与产量呈相反走势,在面对1950年以来最严重的厄尔尼诺现象,去年棕油平均价格成长20%,至每公吨2648令吉;去年12月更是一度飙升至每公吨3217令吉。

在2016年棕油价格高企情况下,尽管出口数量减少8.3%,至1610万公吨,但原棕油(CPO)出口收入仍按年成长5.1%,至434亿令吉。整体原棕油和棕油产品也按年成长7.3%,至646亿令吉。

海洋厄尼诺指数(ONI)显示,拉尼娜现象去年7月中旬已经出现。因此,达证券相信在2017年第二季,棕油果实产量将会开始恢复。同时因季节性缘故,第一季棕油产量通常也是产量较低时期。

棕油局公布的最新数据显示,1月原棕油产量在按月下降了13.4%,至128万公吨,写11个月新低;库存按月下降7.6%,跌至5个月新低,企于154万公吨。





文章来源:
星洲日报‧投资致富‧热点‧文:傅文耀‧2017.03.05

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Re: CRUDE PALM OIL
« Reply #235 on: March 06, 2017, 06:33:32 AM »



棕油价料2700至2900元
21点看 2017年3月6日
交易员称,我国本周的原棕油期货合约交易价,预计将处在每吨2700至2900令吉的区间浮动。

Interband集团高级原棕油交易员郑锦(译音)指,预定在下周举办的行业会议中,公布今年走向预测将会影响市场。


“市场将等待大马棕油局(MPOB)于本周五,公布2月份原棕油库存数据。”

上周成交量走高

上周,原棕油市场成交量普遍走高,并跟随大豆油价格走势。

按周比较,3月期货合约涨23令吉,报每吨3000令吉;4月期货起60令吉,达2920令吉;5月期货起57令吉,达2863令吉;而6月期货则涨64令吉,达2822令吉。

上周,成交量减少至28万9299宗,低于前周的40万8289宗;而未平仓合约则从28万948宗,降低至23万9566宗。


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Re: CRUDE PALM OIL
« Reply #236 on: March 06, 2017, 09:43:25 AM »



3/3/17

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Re: CRUDE PALM OIL
« Reply #237 on: March 07, 2017, 10:32:02 AM »



6/3/17

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Re: CRUDE PALM OIL
« Reply #238 on: March 07, 2017, 02:36:44 PM »



Business NewsHome > Business > Business News
Tuesday, 7 March 2017 | MYT 1:36 PM
Overcapacity in the downstream sector
BY INTAN FARHANA ZAINUL

image: http://www.thestar.com.my/~/media/online/2016/09/26/07/19/palm-oil-load-fruits.ashx/?w=620&h=413&crop=1&hash=827026A11DDD20A55D6B93B4E26AB07DF1520BAF

 
KUALA LUMPUR: The downstream sector in the oil palm industry is facing overcapacity issue, both in Malaysia and Indonesia, according to Sime Darby Plantation Sdn Bhd Senior Vice President Haris Arshad.

He said refineries in Malaysia and Indonesia would need to consolidate and reckoned that oil palm refineries should be set up in exporting countries instead.

“For every one tonne of fruits produce, there are two tonnes of capacity available.

“We are seeing consolidation taking place and capacity should be invested when there is demand,” he said during a roundtable session at the Price Outlook Conference 2017 for Palm & Lauric Oils.

Meanwhile, industry expert M R Chandran said that the oil palm production in Malaysia and Indonesia are expected to increase by 11% this year to 65 million tonnes compared to 58 tonnes last year, boosted by good weather condition.

He, however, said that production expansion in both countries are slowing down since 201

Read more at http://www.thestar.com.my/business/business-news/2017/03/07/overcapacity-in-the-downstream-sector/#ikMa8Q1aTxfEBvkg.99

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Re: CRUDE PALM OIL
« Reply #239 on: March 08, 2017, 06:50:58 AM »



2017-03-07 17:23
棕油需求降.今年最低料2400令吉
棕油产能复苏但需求从缺,拖累2017年原棕油平均价最低料放缓至每公吨2400令吉水平,抵销产能走高利好,分析员维持种植领域“中和”展望。
(吉隆坡7日讯)棕油产能复苏但需求从缺,拖累2017年原棕油平均价最低料放缓至每公吨2400令吉水平,抵销产能走高利好,分析员维持种植领域“中和”展望。

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马银行研究指出,高原棕油平均价及产能反弹提振种植业者盈利于2016年第四季走扬,但整体鲜果串产能受厄尔尼诺滞后效应影响走跌,也导致业者每公吨生产成本走高。

树龄组合较高及位于沙巴的业者,包括联土全球(FGV,5222,主板种植组)、TH种植(THPLANT,5112,主板种植组)、IOI集团(IOICORP,1961,主板种植组)及莫实得种植(BPLANT,5254,主板种植组),因降雨量少而受影响,导致生产成本走高。

根据该行估算,联土全球营运成本最高,每公吨企于2565令吉,IOI集团最低,每公吨仅1122令吉。

种植股首季业绩看俏

展望未来,该行预测2017年第一季业绩将比一年前更具看头,因为原棕油价上扬、鲜果串产能及棕榈仁价格已比过去一年改善。

第一季至今,原棕油价平均企于每公吨3255令吉,按年及按季增34%及9%。


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尽管如此,该行预测,按季业绩将走疲,因棕油将在第一季进入低产能季节。

有鉴于此,马银行研究维持种植领域“中和”评级、2017年原棕油平均价每公吨2400令吉预测及对2017下半年价格展望持谨慎看法。

丰隆研究纳入较高鲜果串产能预测后,上调大部份业者核心净利预测,进入2017年,预见占全球棕油产能80%的印尼及大马已渡过最糟时期及正在复苏阶段,主要是大马产能已连续两个月复苏,印尼产能也按季复苏。

鉴于产能复苏、大豆供应充足及缺乏需求催化因素,该行维持2017年每公吨原棕油平均价2500预测,低于2016年的每公吨2640价位。

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虽然预测平均价较低于2016年,但丰隆研究预测,原棕油价将持稳,主要是马币对美元依然疲弱预测及印尼生物柴油机制支撑。

该行预测2017及2018年原棕油平均价为每公吨2500令吉,维持领域“中和”评级,因相信棕油产能复苏将被较低原棕油价抵销。



文章来源:
星洲日报‧财经‧报道:郭晓芳‧2017.03.07

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Re: CRUDE PALM OIL
« Reply #240 on: March 08, 2017, 07:07:01 AM »



近期过度抛售 产量复苏囤货多
原棕油下半年转向熊市
140点看 2017年3月8日
 
我国和印尼的原棕油产量已触底,目前处于复苏的轨道上。

(吉隆坡7日讯)市场认为,原棕油近期被抛售已过度且不成熟,预计价格会在下半年产量复苏之际,而转向熊市。


大华继显分析员相信,原棕油价格上半年持稳,下半年则会走弱,因产量复苏,库存也会开始积累。

惟印度的食用油需求,因人口增长而走扬。

今年料企2600令吉

分析员预测今年的原棕油价格会企于每公吨2600令吉,明年则为2500令吉。

分析员出席2017年种植业前景研讨会后,整理出数个重点,包括:

1.印尼的原棕油产量会复苏至2015年水平,因新种植地成熟,鲜果串收益复苏

2.大马原棕油产量料达1890万至1900万公吨,最高1930万公吨

其中一名主讲者认为,原棕油价格近期走跌,归咎于进口市场延迟进口,但下挫的程度剧烈,属于“过度反应”且不成熟。

整体而言,分析员看好锦隆资源(KMLOONG,5027,主板种植股),成本低和鲜果串增长强稳。

而丰隆投行分析员也重申,我国和印尼的产量已触底,目前正处于复苏的轨道上,维持领域“中和”的评级。

种植股业绩更好

丰隆投行所观察的9只种植股中,按季而言,大部分均交出更好业绩,且有5只股项的业绩超越预期。

这包括云顶种植(GENP,2291,主板种植股)、合成种植(HSPLANT,5138,主板种植股)、IJM种植(IJMPLNT,2216,主板种植股)、IOI集团(IOICORP,1961,主板种植股)和吉隆甲洞(KLK,2445,主板种植股)。

报告说,这主要归功于价格走高和鲜果串产量复苏,特别是印尼业务。

按年来看,大部分种植公司的鲜果串产量下滑,但9家公司中,就有8家公司交出更好的表现。

在季度业绩评估中,分析员提高其中6家公司的核心净利预测,包括土展创投(FGV,5222,主板种植股)、云顶种植、合成种植、IJM种植、IOI集团和吉隆甲洞。

分析员点出,上调土展创投2017至18财年的核心净利预测,主要为了反映该公司没有翻种开销,可更大幅抵消鲜果串收成减少,以及大马糖厂(MSM,5202,主板消费产品股)净利滑落的预测。

库存或挫8个月新低

我国2月杪的棕油库存,或会跌至6个月,甚至8月以来的新低;当产量走跌之际,情况更会加剧。

路透社调查显示,库存减少有助推高原棕油期货行情;原棕油2月下半月期货跌了近10%,上周方看见跟随大豆油价格走势而微涨。

综合种植业者、交易商和分析员的调查结果,我国2月的棕油库存料按月跌4.4%,录得147万公吨。

基于产量季节性下滑,或导致库存连续两个月减少,亦有可能写下自8月以来的低点。

产量或近1年新低

根据调查,2月产量估计122万公吨,或是去年3月以来最低,产量按月减少4.5%,已第5个月下跌。

MIDF研究种植分析员预计,未来两至三个月的库存,估计维持在200万公吨之下。

另外,市场也估计2月出口或是一年内最低,降至113万公吨,比1月萎缩11.9%,可能写下自9月以来的最大跌幅。 

分析员说,虽然出口锐减,但库存仍下滑,主因是出口和本地的消耗超越产量和进口。

一般在12月至2月,棕油出口都会较为疲弱,因消费国进入冬季,棕油在冷气候会凝固,因而需求减少。

然而,交易商看好中国和欧洲的需求会复苏,因气候在次季就会回暖。

大马棕油局本周五(10日)就会公布最新的官方数据。


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Re: CRUDE PALM OIL
« Reply #241 on: March 08, 2017, 09:47:03 AM »



7/3/17

2859

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Re: CRUDE PALM OIL
« Reply #242 on: March 08, 2017, 02:02:46 PM »



Commodities
Palm oil prices seen unsustainable, likely to decline - analyst Mielke
By Reuters / Reuters   | March 8, 2017 : 12:15 PM MYT   
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KUALA LUMPUR (March 8): Current crude palm oil price levels are unsustainable and likely to fall, leading analyst Thomas Mielke forecast on Wednesday.

"Production is recovering, current prices are not sustainable and prices are going to decline," said Mielke, editor of Hamburg-based newsletter Oil World, speaking at an industry conference in Kuala Lumpur.

Benchmark palm oil prices for May on the Bursa Malaysia Derivatives Exchange were down 0.8% at 2,837 ringgit on Wednesday morning.

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Re: CRUDE PALM OIL
« Reply #243 on: March 08, 2017, 04:14:41 PM »



Analyst: Palm prices to fall 20 pct by year end on output rebound
 palmoil
 0 comments      Emily Chow, Reuters     Published Today 3:48 pm     Updated Today 3:53 pm
Emily Chow, Reuters
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Crude palm oil (CPO) prices are set to fall about 20 percent by the final quarter of 2017 as production rebounds in the wake of a crop damaging El Nino weather event last year, leading industry analyst James Fry said on Wednesday.

CPO prices were expected to average RM2,500 ringgit per tonne during the third quarter of 2017, before easing to RM2,250 in the final quarter, Fry told an industry conference.

In free on board (FOB) terms, he forecast an average price of US$605 (RM2,690) in the third quarter and US$550 (RM2,245) in the fourth quarter.

Benchmark palm oil prices have fallen over 7 percent since the start of the year when the edible oil was trading around more than four-year highs. Palm was last down 1.2 percent at RM2,859 a tonne.

Fry, the chairman of commodities consultancy LMC International, said his forecasts were based on conservative 2017 output estimates, and assumed that Indonesia will continue to support palm oil demand to fulfil biodiesel mandates.

He pegged Malaysian output this year at 19.9 million tonnes, from 17.3 million a year ago, and estimated global CPO production growth at "well over 6 million tonnes", pointing to a recovery following an El Nino weather event last year.

"CPO output will soar this year. If 1999 is valid as a guide, Malaysian output will grow 5 million tonnes. I am using a conservative figure of only half this amount," he added, referring to the production rebound after a severe El Nino in 1998.

"As output gathers pace, Malaysian Palm Oil Board stocks will move above 2 million tonnes by July and above 2.5 million tonnes during October-December."

Palm oil end-stocks in Malaysia, the world's second-largest producer of the tropical oil, are forecast to fall to their lowest in six months at the end of February at 1.47 million tonnes, a Reuters poll showed.

Indonesia and Malaysia account for nearly 90 percent of global palm oil production.

Fry forecast that palm kernel oil stocks will also rise and that prices could fall to FOB $600 (RM2,248) per tonne by the last quarter of the year



Read more: https://www.malaysiakini.com/news/374952#ixzz4aiem4XRj

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Re: CRUDE PALM OIL
« Reply #244 on: March 09, 2017, 11:08:53 AM »



8/3/17

2875

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Re: CRUDE PALM OIL
« Reply #245 on: March 10, 2017, 07:05:29 AM »



 0 0 1 2
Palm oil prices to drop as production rebounds, demand slows
Reuters | March 9, 2017
Tight supplies following a drought in 2015-16 are expected to support the market over the next two months, but downward pressure should build from May as output picks up in Indonesia and Malaysia.
palm-oilKUALA LUMPUR: A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China.
Tight supplies following a drought in 2015-16 are expected to support the market over the next two months, but downward pressure should build from May as output picks up in Indonesia and Malaysia, analysts and industry officials said at a conference in Kuala Lumpur.
Benchmark Bursa Malaysia crude palm oil futures fell to their lowest since early November last week on slowing demand and the outlook for higher production. On Wednesday, the main contract slid a second day to hit a low of RM2,821 (US$634.40) a tonne.
More than 1,600 delegates are in Malaysia for one of the world’s biggest edible oil conferences, ending on Wednesday.
Three leading analysts of the palm oil industry, Thomas Mielke, James Fry and Dorab Mistry have a rare consensus on prices declining by year-end or early in 2018.
While Fry expects crude palm oil prices to fall about 20% by the final quarter of 2017, Mielke expects oil prices to fall by more than 15% by 2018. Mistry is looking at prices to falling by nearly 12% by as early as June-July to RM2,500 a tonne.
“The recovery in (crop) yields will be slow, the further increase in yields should occur in 2018,” Mielke told the packed conference hall.

This will add another 4.5 million-5 million tonnes to palm oil production next year, and this is “going to have a bearish impact of prices,” he said.
Demand slowdown
While production picks up, demand for palm oil from India and China is likely to slowdown.
Vegetable oil imports by India, the world’s biggest buyer, are expected to decline to 14.3 million tonnes in the year to October 2017, down from 14.738 shipped a year ago, Mistry said.
India’s soybean production climbed to 11.5 million tonnes late last year and the nation is expecting to harvest a bumper rapeseed crop next month.
Traders at the conference said a rise in China’s soybean imports means the country will need less palm oil as it will have higher supplies of domestically produced soybean oil.
Soybean imports by China, which takes more than 60 percent of beans traded worldwide, climbed 23% year-on-year in February to mark the highest level for that month since at least 2010 at 5.54 million tonnes.
Still, higher production of biodiesel, mainly in Indonesia, could help to limit any decline in palm oil prices.

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Re: CRUDE PALM OIL
« Reply #246 on: March 10, 2017, 04:25:05 PM »



9/3/17

2839

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Re: CRUDE PALM OIL
« Reply #247 on: March 10, 2017, 05:38:05 PM »



Vegoils
Palm falls over 1.5%, tracking weakness in rival oils
By Reuters / Reuters   | March 10, 2017 : 3:15 PM MYT   
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KUALA LUMPUR (March 10): Malaysian palm oil futures fell more than 1.5% on Friday and were headed for a second straight session of declines, tracking weakness in rival oils and on mixed forecasts at an industry conference earlier this week.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.6% at 2,794 ringgit (US$627.16) a tonne at the midday break. Earlier in the session, they fell to their lowest point since March 1 at 2,790 ringgit.

Palm oil has shed 2.4% so far this week, in what could be its third weekly decline in four. Traded volumes stood at 16,100 lots of 25 tonnes each at noon on Friday.

"Dalian was down and a report from the U.S. Department of Agriculture (out) last night was bearish," said a trader from East Malaysia.
   
U.S. soybean supplies will be bigger than expected at the end of the 2016/17 marketing year as a record harvest in Brazil will flood the global market, cutting into demand for U.S. exports, the government said on Thursday.

"Also after the conference this week, sentiment should not be that friendly."

Leading analysts at an industry conference on Wednesday said present price levels are unsustainable, and while current tight supplies will support the market, prices are seen declining to 2,500 ringgit a tonne around mid-year as production rebounds.

A rebound in output is expected as palm's fresh fruit yields recover from the dry weather effects of an El Nino weather event, which usually damages crops and lowers output.

Malaysia's palm oil stocks at the end of February fell 5.3% from a month earlier to 1.46 million tonnes, the lowest levels in six years, industry regulator Malaysian Palm Oil Board (MPOB) said on Friday. Output levels dipped 1.4% to 1.26 million tonnes.

Palm oil is also impacted by the movements of other related edible oils including soyoil, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade fell 0.5%, while the May soybean oil contract on the Dalian Commodity Exchange dropped 1.8%.

In other related oils, the May contract for palm olein on the Dalian Commodity Exchange fell 2.2%

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Re: CRUDE PALM OIL
« Reply #248 on: March 10, 2017, 05:39:09 PM »



Malaysia's February palm oil stockpile down as CPO output falls
By Wong Ee Lin / theedgemarkets.com   | March 10, 2017 : 1:27 PM MYT   
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KUALA LUMPUR (March 10): Malaysia's February palm oil stockpile fell 5.32% to 1.46 million tonnes, from 1.54 million tonnes in January, on lower crude palm oil (CPO) output.

The Malaysian Palm Oil Board (MPOB) said in a statement today that CPO production fell 1.43% to 1.26 million tonnes, from 1.28 million tonnes.

The palm oil stockpile comprises CPO and processed palm oil. Palm oil stockpile rose, despite a drop in the commodity's exports.
 
According to MPOB, palm oil exports declined 13.97% to 1.11 million tonnes, from 1.29 million tonnes.

In January, the country's palm oil stockpile fell 7.54% from a month earlier, while exports rose 1.49%, according to MPOB

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Re: CRUDE PALM OIL
« Reply #249 on: March 13, 2017, 06:53:46 AM »



棕油价三周连跌
49点看 2017年3月13日
大马原棕油期货上周五下跌逾2%,追随豆油的疲态。另外,出口数据不佳,且本周一次行业会议上主要分析员的前景预估,也好坏不一。

大马5月原棕油期货收跌2.4%,至每公吨2771令吉,是三周以来最大单日跌幅。盘中曾低见2769令吉,为2月28日以来最低。


累计上周,原棕油下挫3.2%,四周来第三周下挫;成交量为4万6425宗。

另一名交易员表示,美国农业部发布的数据不佳,再加上一次行业会议上氛围偏空,也令原棕油遭受打击。

美国农业部周四称,2016/17市场年度末美国大豆供给将大于预期,因巴西大豆丰收将涌入全球市场,从而压制对美国出口大豆的需求。   

 行业会议上的专家指出,原棕油目前的价格水平无法持续,可能到年中就会降至2500令吉,因为届时产出将反弹。


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