Author Topic: CRUDE PALM OIL  (Read 58231 times)

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Re: CRUDE PALM OIL
« Reply #250 on: March 13, 2017, 09:44:42 AM »



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Re: CRUDE PALM OIL
« Reply #251 on: March 14, 2017, 10:15:10 AM »



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Re: CRUDE PALM OIL
« Reply #252 on: March 15, 2017, 09:53:53 AM »



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Re: CRUDE PALM OIL
« Reply #253 on: March 16, 2017, 10:51:37 AM »



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Re: CRUDE PALM OIL
« Reply #254 on: March 17, 2017, 03:23:23 PM »



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Re: CRUDE PALM OIL
« Reply #255 on: March 18, 2017, 08:02:12 AM »



Saturday, 18 March 2017 | MYT 6:53 AM
Malaysian palm oil price rebounds on stronger demand forecasts
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 June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day.  Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day. Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.
 
KUALA LUMPUR: Malaysian palm oil futures rebounded late on Friday after falling earlier in the session, boosted by expectations of improving demand and stronger soyoil.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day.

Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.

Talk of stronger exports supported the market in later trade, a Kuala Lumpur-based trader said. "Soybean oil prices were also in positive territory."

Palm oil prices are affected by related edible oils including soy, as they compete for a share in the global vegetable oils market.

Palm oil shipments from Malaysia, the world's second-largest producer after Indonesia, showed a 5.5 percent decline in shipments for the first half of March from the same period the month before, according to Intertek Testing Services.

Another cargo surveyor, Societe Generale de Surveillance, however, showed a 1.1 percent gain.

Palm oil may retrace moderately to a support at 2,754 ringgit per tonne before retesting a resistance at 2,815 ringgit, according to Reuters market analyst for commodities and energy technicals, Wang Tao.

In other related vegetable oils, soybean oil on the CBOT was up 0.7 percent, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.5 percent.

The May contract for palm olein on the Dalian Commodity Exchange gained 0.2 percent. - Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/03/18/palm-rebounds-on-stronger-demand-forecasts/#oLXk5d5DO33DElpY.99

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Re: CRUDE PALM OIL
« Reply #256 on: March 20, 2017, 06:55:51 AM »



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NationHome > News > Nation
Sunday, 19 March 2017
The future of palm oil

BY CHRISTINA CHIN

image: http://www.thestar.com.my/~/media/online/2017/03/18/18/44/copy-of-sundram_pcc_1pdf.ashx/?w=620&h=413&crop=1&hash=2EBEFF4B9BCF52B643FE58484A49B32FA465FCDC


 
Addressing unfair attacks on palm oil, the Malaysian Palm Oil Council’s new chief executive officer Dr Kalyana Sundram separates scare tactics from the science.

MALAYSIAN Palm Oil Council CEO Dr Kalyana Sundram was appointed in January, just as the industry marks its 100th anniversary. A Fellow of prestigious associations like the Malaysian Academy of Sciences and Nutrition Society of Malaysia, the 62-year-old from Gemas, Negeri Sembilan, is committed to steering the industry to new heights.

Top on the agenda is ensuring the Malaysian Sustainable Palm Oil (MSPO) certification scheme’s success and to promote palm oil. He’s served on committees in the World Health Organization (WHO), Food and Agriculture Organization (FAO), and International Union of Nutritional Sciences, published extensively on palm oil and holds 21 palm oil-related patents. Having coordinated over 170 palm oil projects, the health and nutrition expert is finding it more of a challenge to indulge in his passion for books and meeting new people, but he’s determined to set the record straight and correct misconceptions surrounding the commodity.

> There’s lots of bad press regarding palm oil in the foreign media. Are we battling perception or fact?

The recent hype on Nutella, which uses Malaysian palm oil as a key ingredient, and the quoted cancer concerns about the contaminants 3-MCPD-esters and glycidyl esters (GE), is one of the many orchestrated attacks on our industry.

We have a history of being targeted.

This goes back to the 1980s with the anti-tropical oil campaign. We overcame that by investing extensively in research, including human clinical trials, to show that palm oil is wholesome and nutritious.

Then, they attacked us over deforestation, sustainability, and conservation issues.

The latest attack saw a fact-twisting frenzy linking palm oil with cancer. It’s another scare tactic. There’s no viable scientific substantiation of these anti-palm oil antidotes.

The contaminants occur in all oils and fats, not just palm oil. Malaysia was already working to reduce, and perhaps even eliminate, the 3-MCPD-esters and GE in certain palm products, before the Nutella episode.

By December, we expect to be the world’s first oil and fat producer to achieve that goal.

The only way to promote palm oil is with facts and figures. When we advertise, it’s always supported by verifiable facts. It’s not just putting up a pretty poster. I don’t mind a pretty lady supporting palm oil, but that lady must promote factually correct information.

> What’s the biggest misconception?

That it is less healthy because it’s cheaper than other seed oils and fats. Our palm oil quality is equivalent to any other oil or fat in the supermarket regardless of the price because on top of Malaysian food regulations, we have to follow international quality specifications such as those prescribed by Codex Alimentarius, the authority associated with FAO and WHO.

The Codex food quality standard for corn oil, olive oil, palm oil, sunflower oil or any oil for that matter, is prescribed under these international regulations. Whether you like it or not, palm oil’s a big component in the global food security basket particularly for the African continent, Middle East, and the whole of Asia. We pride ourselves in providing a safe and healthy product, but at an affordable price. This has led to the misconception about the quality of palm oil. Our challenge is to change that mindset.

Quality in this particular case isn’t associated with price. The low price is because of oil palm’s high-yield compared to the other seed oils. Take soybean oil for example - its oil yield is six times lower than palm oil.

We’re passing on that savings to food processors, consumers and end users. That’s one of the selling points of Malaysian palm oil. And in Malaysia, the government even subsidises cooking oil so that it remains affordable.

The real value of a bottle of palm olein is much higher. We’ve to work with all segments of the supply chain to assure consumers that this is a quality oil. Palm oil is a hidden ingredient in many products especially in the confectionery, margarine, oils and fats, animal feed, chemicals and cosmetics, industries.

We must make ourselves visible and gain the confidence of the consumer. We’re reaching out even to school kids to educate them about palm oil. We’re talking to celebrity chefs around the world and looking at ways to best promote, educate and empower consumers worldwide, but it’ll take time.

> Is palm oil healthy?

My family cooks with palm oil. Minimising health risks is about leading a healthy lifestyle and eating a balanced diet, and that includes dietary fat. If you’re eating a zero-fat diet, you’re in trouble. Scientists have been researching the association of oils and fats with cancer for over 50 years. Literature is ablaze with scientific documentation of how the rate of cancer progression is higher in laboratory animals fed with oils rich in polyunsaturated fats like soy and corn.

We replicated the research model and found that palm oil was less cancer promoting in animals than these other oils. But although our work was published in very good peer science journals, we didn’t jump to the conclusion that palm oil was anti-cancer, and soy and corn were pro-cancer because these studies weren’t conducted on the population.

The bottom line is if you consume palm, soy or corn oil, there’s no cancer risk if you have a healthy lifestyle. There were also studies showing how heated fats increase cancer risk in laboratory animals. Because liquid fat from seed oils like olive, soybean and corn, oxidise faster than palm oil, the latter is thought to be less cancerous.

Again we refrained from over claiming because we felt we needed better proof, especially in humans.

So is palm oil cancerous? I’m ready to debate with any authority who makes such a claim because there is absolutely no evidence to support it. The positive thing about palm oil is that it contains vitamin E tocotrienols and pro-Vitamin A carotenoids. These nutritional compounds are sold separately as health supplements. While tocotrienols have anti-cancer properties, we don’t have evidence that it can cure cancer. At best, it’s a nutritional supplement that probably helps to prevent the onset of certain cancers. It is also proven to help prevent stroke in humans.

Despite the positive evidence, we have been very conservative in how we position palm oil.

It may be time to change our approach.

> Why is the Malaysian Sustainable Palm Oil (MSPO) certification crucial?

This is a big move forward for sustainability. We’ll work closely with the Plantation Industries and Commodities Ministry and the Malaysian Palm Oil Certification Council (MPOCC) to ensure that the objectives of MSPO are achieved and internationally accepted. We must engage with people around the world including legislators and decision makers such as the European Parliament, and tell them how we cultivate oil palm in tandem with forest conservation policies that are in place here.

> You manage the Malaysian Palm Oil Wildlife Conservation Fund. Is the industry threatening our environment?

Oil palm cultivation was accused of being a driver for deforestation and (contributing to) the end of the orang utan population.

The Internet was flooded with claims that by 2010, the orang utan would be gone. So, we created a fund, worked with wildlife and forestry departments, and implemented initiatives to ensure that the orang utan population would remain viable. It’s a self-imposed target. And now that we have a very viable population - 11,200 in Sabah and about 2,500 in Sarawak, we must ensure that the effort to save, conserve and allow them to thrive in the wild and coexist with oil palm plantations, continues in the right direction.

In the past when pygmy elephants were poisoned in Sabah, it was the wildlife rescue unit we helped establish, and currently fund, that trekked the entire jungle to uncover what happened. Many thought the plantation workers were responsible so together with the Sabah Wildlife Department, we offered a RM100,000 reward to anyone who could help bring the culprits to court.

The reward wasn’t claimed. There wasn’t any proof that plantations were involved.

Even autopsies of the elephant carcasses couldn’t clearly determine that the poisoning was due to plantation activities. The animals may have consumed the poison elsewhere. But because of their size, it took a while for the poison to work. When they died, it happened to be in the vicinity of a plantation.

Again, it was our wildlife rescue unit that recently saved and placed a tracking collar on the rare sabre-tusked pygmy elephant.

Unfortunately, poachers struck almost immediately after it was released into the wild, killing this magnificent species.

These deaths were not triggered by the plantations, but we’re now even more determined to play a bigger role in wildlife conservation.

> You have over 35 years of industry experience. What are your plans for the MPOC?

To promote Malaysian palm oil globally. Our palm oil reaches over 150 countries and it is increasingly being used in many food formulations worldwide.

Before hitting the shelves, the oil has to be refined, processed, packed, and branded. We want to reach out to every entity in the supply chain and of course, the end consumer, to convince them that this is a sustainably produced, wholesome, and nutritious, edible oil.

We have many years of science-backed research and information that speaks volumes about the neutrality of palm oil as an oil or a fat that’s suitable for every segment of the population. We want greater outreach to consumers because it is them who drive the acceptance and sale of palm oil. Locally, between 75% to 80% of our daily fat consumption comes from palm oil.

Malaysians generally have no reservations about palm oil products, but often, they don’t know what they’re consuming because they don’t pay attention to labels. Purchases are brand-driven. So, we have to do more to inform consumers about palm oil, its health benefits and what it can or cannot do.

Our supporters like Nutella and Smart Balance are proud to be associated with palm oil. Smart Balance from the US, of which I’m one of the inventors, clearly states on its label: ‘Palm oil from the sunny shores of Malaysia”. So, Americans accept our palm oil for its health benefits and quality.

There’s no reason to hide (the fact) that a product uses palm oil.

On the contrary, we must advertise it.

> Malaysian palm oil turns 100 this year. What’s the way forward?

We must ensure that the industry remains viable and sustainable in the long term. Competition is intensifying. Land is limited so we must double the current 4.2 tonnes per hectare oil yield. To address the negative press, the MPOB must intensify its health and sustainability research. MPOC will then use this positive evidence to promote palm oil. Very exciting information, which we’ll be highlighting soon, is emerging.


Read more at http://www.thestar.com.my/news/nation/2017/03/19/the-future-of-palm-oil/#G7pveCF8ORiuEfmQ.99

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Re: CRUDE PALM OIL
« Reply #257 on: March 20, 2017, 02:25:51 PM »



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Re: CRUDE PALM OIL
« Reply #258 on: March 21, 2017, 08:54:26 AM »



Tuesday, 21 March 2017 | MYT 6:46 AM
Malaysian palm oil price falls on weaker export data; output seen to improve
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 June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening.  Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening. Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening.

Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.

"The market is looking at lower demand, while supply is to see a marginal increase," said a futures trader from Kuala Lumpur.


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Export data for Malaysian palm oil shipments saw a decline between March 1 and March 20, about 3 percent down from a month ago, according to cargo surveyor Intertek Testing Services.

Another cargo surveyor, Societe Generale de Surveillance, showed a 7.9 percent decline in shipments during the same time period.

Low demand and rising production could weigh down palm oil prices. Palm oil output is expected to recover from the second quarter onwards, as the effects of a crop-damaging El Nino fades away, and this might pull down prices to around 2,500 ringgit, say industry experts.

Malaysian output last fell 1.4 percent in February on-month, while end-stocks declined 5.3 percent to 1.46 million tonnes.

Palm oil looks neutral in a range of 2,767-2,810 ringgit per tonne, and an escape could signal a direction, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related vegetable oils, soybean oil on the Chicago Board of Trade climbed as much as 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange rose up to 0.9 percent.

The September contract for palm olein on the Dalian Commodity Exchange gained 0.5 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/03/21/palm-oil-falls-on-weaker-export-data-output-seen-to-improve/#OZSBvs3GA2J380Ev.99

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Re: CRUDE PALM OIL
« Reply #259 on: March 21, 2017, 09:08:10 AM »



20/3/17

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Re: CRUDE PALM OIL
« Reply #260 on: March 22, 2017, 09:51:03 AM »



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Re: CRUDE PALM OIL
« Reply #261 on: March 23, 2017, 09:21:36 AM »



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Re: CRUDE PALM OIL
« Reply #262 on: March 23, 2017, 04:27:54 PM »



Vegoils
Palm oil in line for sharpest daily drop in nearly two weeks
By Reuters / Reuters   | March 23, 2017 : 3:12 PM MYT   
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KUALA LUMPUR (March 23): Malaysian palm oil futures on Thursday were on track for their sharpest daily fall in nearly two weeks, weighed down by weaker performing related edible oils.

At the midday break, benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 1.2% at 2,794 ringgit (US$631) a tonne, falling from a near-two-week high of 2,839 ringgit hit in the previous session.

Traded volumes stood at 19,053 lots of 25 tonnes each on Thursday noon.

"The overseas market is weaker, and there has been some technical selling since prices are unable to climb to new highs today," said a Kuala Lumpur-based futures trader, referring to related vegetable oils on China's Dalian Commodity Exchange and the Chicago Board of Trade.

Palm oil prices are impacted by the performances of other edible oils, as they compete for a share in the global vegetable oils market. Soybean oil on the Chicago Board of Trade slipped as much as 0.5%, while the September soybean oil contract on the Dalian Commodity Exchange fell up to 1.5%.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 1.2%.

Palm oil has been trading range-bound for the past two weeks, as slow export demand and uncertainty over output levels affected sentiment, said traders.

Exports of palm oil products from Malaysia, the world's second-largest producer of the tropical oil, dropped between March 1 and March 20 versus the corresponding period last month.

Cargo surveyor Intertek Testing Services reported a 3% drop in shipments, while Societe Generale de Surveillance saw a decline of 7.9%.

Production usually sees seasonal gains on-month in March, but industry players remain uncertain about the extent of recovery. Palm oil trees are still seeing the effects of a crop-damaging El Nino, which reduces yields of fresh fruit bunches and lowers overall output.         

 Palm, soy and crude oil prices at 0447 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       APR7     2975   +0.00    2975    2975       8
 MY PALM OIL       MAY7     2860  -36.00    2859    2899    1301
 MY PALM OIL       JUN7     2794  -35.00    2793    2834   10562
 CHINA PALM OLEIN  SEP7     5618  -36.00    5588    5670  432964
 CHINA SOYOIL      SEP7     6444  -66.00    6410    6498  372960
 CBOT SOY OIL      MAY7     33.4   -0.12   33.35   33.55    5988
 INDIA PALM OIL    MAR7   535.30   +0.10  531.60   535.6      82
 INDIA SOYOIL      APR7    650.3   +2.90     648   650.5    1730
 NYMEX CRUDE       MAY7    48.42   +0.38   48.12   48.44   18211

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
   
(US$1 = 4.4270 ringgit)
(US$1 = 65.4000 Indian rupees)
(US$1 = 6.8876 Chinese yua

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Re: CRUDE PALM OIL
« Reply #263 on: March 24, 2017, 09:25:52 AM »



23/3/17

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Re: CRUDE PALM OIL
« Reply #264 on: March 24, 2017, 03:11:04 PM »



LATEST NEWS
Vegoils
Palm falls to one-week low, tracking weaker soyoil
By Reuters / Reuters   | March 24, 2017 : 2:52 PM MYT   
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KUALA LUMPUR (March 24): Malaysian palm oil futures fell to their lowest in a week in early trade on Friday, tracking weaker performing related oils.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange slipped 0.4% at 2,760 ringgit (US$623.38) a tonne at the midday break. The contract earlier hit an intraday low of 2,746 ringgit, its weakest level since March 16.

Traded volumes stood at 15,387 lots of 25 tonnes each by noon.

"Soybean oil is one factor, another thing is some are taking advantage of higher prices in the previous sessions to sell," said a Kuala Lumpur-based futures trader, referring to soyoil on the Chicago Board of Trade.

Palm had climbed to two-week highs on Wednesday, before declining on Thursday and Friday.

Palm oil prices are affected by movements in other edible oils, as they compete for a share in the global vegetable oils market.

U.S. soyoil declined in line with weaker performing soybeans on Friday, which fell as global supplies remained high, despite the recent strong demand for U.S. supplies.   

Soybean oil on the Chicago Board of Trade was down 0.5%, while the September soybean oil contract on the Dalian Commodity Exchange fell up to 1.1%.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 1.4%.

Palm oil could fall further to 2,730 ringgit per tonne, according to analysis by a Reuters market analyst for commodities and energy technicals.

 Palm, soy and crude oil prices at 0449 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       APR7     2921  -12.00    2897   2928      116
 MY PALM OIL       MAY7     2831   -9.00    2818   2835     2416
 MY PALM OIL       JUN7     2760  -11.00    2746   2766     8512
 CHINA PALM OLEIN  SEP7     5530  -78.00    5514   5578   353862
 CHINA SOYOIL      SEP7     6370  -72.00    6360   6446   315356
 CBOT SOY OIL      MAY7    33.06   -0.16   32.95  33.29     4195
 INDIA PALM OIL    MAR7   536.40   -0.60  533.20  536.5       69
 INDIA SOYOIL      APR7    647.4   -5.45     646  648.5     3750
 NYMEX CRUDE       MAY7    47.92   +0.22   47.65  47.94    13433

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Re: CRUDE PALM OIL
« Reply #265 on: March 26, 2017, 09:33:09 PM »



2017-03-26 19:07
棕油维持2700至2800令吉
在新指引尚未明确前,交易商认为本周大马衍生产品交易所原棕油期货合约将维持在每公吨2700令吉至2800令吉之间交易。
在新指引尚未明确前,交易商认为本周大马衍生产品交易所原棕油期货合约将维持在每公吨2700令吉至2800令吉之间交易。

广告
 

 
交易商指出,本周原棕油将跟随大豆油在芝加哥交易所交易,原棕油及大豆油走势将互相牵制,因为双油将竞争出口至相同地点。

按周比较,4月期货跌71令吉至每公吨2895令吉,5月货也挫48令吉至每公吨2825令吉,6月货跌49令吉至每公吨2754令吉及7月货缩减50令吉至每公吨2695令吉。

上周成交量为22万9228宗,对比前周30万3520宗,未平仓合约则从23万3529宗扬至24万3810宗。

现货市场方面,南部货跌60令吉至每公吨2980令吉。

文章来源:
星洲日报‧投资致富‧汇率商情‧2017.03.26

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Re: CRUDE PALM OIL
« Reply #266 on: March 27, 2017, 06:46:42 AM »



棕油期货料低于2800元
55点看 2017年3月27日
原棕油期货价格,下周料在目前的2700令吉至2800令吉之间波动。

Interband集团高级原棕油交易员郑锦(译音)指出,市场参与者正在等待任何利好消息来引导市场。


另一名交易员则说,原棕油将在本周继续与芝加哥交易所的大豆期货一起走高。

按周比较,4月现货月,跌71令吉,至每吨2895令吉;5月期货跌48令吉,报2825令吉;6月期货跌49令吉,录得2754令吉;7月期货则升50令吉,至2695令吉。

上周成交量减至22万9228宗,低于前周的30万3520宗;而未平仓合约则从23万3529宗,增至24万3810宗。

在现货市场,4月南方合约收在2980令吉,下跌60令吉。


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Re: CRUDE PALM OIL
« Reply #267 on: March 27, 2017, 09:46:45 AM »



24/3/17

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Re: CRUDE PALM OIL
« Reply #268 on: March 28, 2017, 08:41:20 AM »



Tuesday, 28 March 2017 | MYT 6:39 AM
Malaysian palm oil price falls to more than 5 months low
image: http://www.thestar.com.my/~/media/online/2016/11/24/00/33/palm-oil.ashx/?w=620&h=413&crop=1&hash=62D7C62EA8E792890E029C05BE4501B63CA91631
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks.  The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks. The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.
 
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weaker performing related vegetable oils.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks.

The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.

Traded volumes stood at 45,445 lots of 25 tonnes each at the end of the trading day.

"The market is down on soyoil's drop on Friday, followed by the decline in Dalian today," said a futures trader from Kuala Lumpur, referring to soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Palm oil prices often take direction from related vegetable oils, including soyoil, as they compete for a share in the global vegetable oil market.

Soybean oil on the Chicago Board of Trade was down 1 percent, while the September soybean oil contract on the Dalian Commodity Exchange dropped 2.9 percent.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 2.4 percent.

Palm has been range-bound since late-February based on mixed market signals, according to traders, as demand remains weak and output growth is still uncertain. Palm was down 1.7 percent on a weekly basis last week.

Shipments from Malaysia, the world's second largest producer after Indonesia, dipped during the March 1-25 period, cargo surveyor data showed.

Palm oil exports were down 1.2-1.5 percent versus the corresponding period last month, according to Intertek Testing Services and Societe Generale de Surveillance.- Reuters

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Read more at http://www.thestar.com.my/business/business-news/2017/03/28/palm-oil-at-5-months-low/#0Twb3hAvAvwsc7ox.99

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Re: CRUDE PALM OIL
« Reply #269 on: March 28, 2017, 10:00:09 AM »



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Re: CRUDE PALM OIL
« Reply #270 on: March 29, 2017, 09:47:46 AM »



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Re: CRUDE PALM OIL
« Reply #271 on: March 30, 2017, 06:33:42 AM »



财经  2017年03月29日
棕油价已触顶 种植股难大涨

(吉隆坡29日讯)虽然市场相信棕油价今年將保持在每公吨2500至3000令吉的强稳水平,种植股的全年净利料上扬,但分析员认为种植股的股价已反映这些利好因素,上升空间料有限。

分析员指出,除非棕油领域出现新利好因素,要不然棕油价已触顶。

种植股指数今天下跌14.57点或0.18%,至8193.83点。40只种植股当中,上升股和下跌股各占14只和9只,其余17只无起落。而昨天公布不俗业绩的联合马六甲(UMCCA,2593,主板种植股)涨17仙或2.79%,至6.27令吉,挤入全场上升榜第6位;同时联合种植(UTDPLT,2089,主板种植股)也起50仙或1.79%,至28.50令吉,是第2大上升股。

Godrej国际董事多拉米斯里今天在中国北京举办的棕油峰会上表示,棕油价在4月至5月中,可能保持在每公吨3000令吉,到了6月至7月可能下滑至每公吨2500令吉。


与此同时,米斯里维持每公吨2500令吉的大马交易所棕油期货价格预测。

「大马的棕油產量预计在2017年下半年才会回升,全年產量预计是1950万公吨。至于印尼的全年產量预计是3350万至3400万公吨。」



棕油价料企稳2500

另一方面,肯纳格研究分析员相信,虽然原油价窄幅波动及美元兑令吉走强,限制了棕油价的下行空间,但基于油棕和大豆產量的前景强稳,棕油价的上行空间亦有限。

肯纳格研究將2017年的预估棕油价保持在每公吨2550令吉。而第2季的预估棕油价亦维持在每公吨2700至2900令吉。

同时,该分析员表示,从棕油库存的变化来看,棕油价企于合理水平。虽然棕油產量正在走高,但棕油价很大程度上取决于棕油出口的成长动力。

无论如何,他强调,除非种植领域出现新利好因素,否则棕油价可能已经触顶。潜在的利好因素包括厄尔尼诺气象(El-Nino)、有利的生物柴油政策调整,以及美国大豆的供应风险。

「原油价窄幅波动和美元兑令吉走强,將继续扶持棕油价。基于第1季的棕油价强稳和產量按年扬升,我们相信种植股的首季净利料按年走高,按季则持平。」分析员补充,种植股2017年的净利表现料好于2016年,但相信种植股的股价已经反映这些利好因素。因此,种植股的股价接下来料將窄幅波动。

此外,他重申,潜在利好因素让特定股项受惠,比如生物柴油政策將惠及PPB集团(PPB,4065,主板消费股),而中国需求反弹可让一些大型股获利,例如森那美(SIME,4197,主板贸服股)、IOI集团(IOICORP,1961,主板种植股)和吉隆甲洞(KLK,2445,主板种植股)。

肯纳格研究维持种植领域的「中和」评级,同时也没有调整大部份种植股的投资评级和目標价,只將FELDA环球投资(FGV,5222,主板种植股)的目標价从1.85令吉,上修至2.10令吉。

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Re: CRUDE PALM OIL
« Reply #272 on: March 30, 2017, 09:01:06 AM »



29/3/17

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Re: CRUDE PALM OIL
« Reply #273 on: March 31, 2017, 10:19:08 AM »



30/3/17

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Re: CRUDE PALM OIL
« Reply #274 on: April 01, 2017, 11:14:00 AM »



Business NewsHome > Business > Business News
Saturday, 1 April 2017 | MYT 6:42 AM
Malaysian palm oil price loses gains, falls to 5-mth low
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 June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade.      The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade. The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.
 
KUALA LUMPUR: Malaysian palm oil futures slumped to a more than five-month low on Friday evening, shedding earlier gains as they tracked a weaker performing rival soyoil on the Chicago Board of Trade.

    Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade.

    The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.

    Traded volumes stood at 44,116 lots of 25 tonnes each at the close of trade.

    "The market is tracking lower soyoil prices ahead of the U.S. Department of Agriculture report release, which may show a bigger supply (of soy) coming on to the market," said a Kuala Lumpur based palm oil futures trader.

    Palm was down despite stronger export data, showing a near 7 percent gain in Malaysian palm oil shipments for the full month of March versus the previous month.     

    Exports rose 6.8 percent versus the previous month, data from cargo surveyor Intertek Testing Services showed, while Societe Generale de Surveillance showed a 6.9 percent gain.

    Demand for palm oil is also expected to rise in April, as buyers stock up ahead of Ramadan, the Muslim festival at the end of May, marked by month-long fasting in regions such as India and the Middle East.

    In other related edible oils, soybean oil on the Chicago Board of Trade slipped 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange declined as much as 2 percent.

    The September contract for palm olein on the Dalian Commodity Exchange was down 1.2 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/04/01/palm-loses-gains-falls-to-5-mth-low/#VQBtp0hJE1y8SKXo.99

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Re: CRUDE PALM OIL
« Reply #275 on: April 01, 2017, 11:26:05 AM »
Wilmar ~ Bear Flag, interim TP S$3.23

Wilmar closed with an inverted hammer @ S$3.53 (-0.02, -0.6%) with 6.99m shares done on 31 Mar 2017.

Immediate support @ S$3.48, immediate resistance @ S$3.60.



Crude Palm Oil Weekly Report ~ 25 Mar 2017
In the coming week, market might try to test 2,794 and would most probably trade in the range of 2,660 to 2,840.
Resistance at 2,812 and 2,872, support at 2,793 and 2,651, these levels will be observed in the coming week.




Malaysian palm oil price loses gains, falls to 5-mth low ~ 1 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/01/palm-loses-gains-falls-to-5-mth-low/
Palm oil futures for June delivery fell 0.5% at RM2,646 ringgit (US$598.24) a tonne at the end of the trading day, hitting an intraday low of RM2,645 in late trade.

Palm rebounds from 5-mth low, but headed for 14.5% qtrly drop ~ 31 Mar 2017
http://timesofindia.indiatimes.com/business/international-business/palm-rebounds-from-5-mth-low-but-headed-for-14-5-pct-qtrly-drop/articleshow/57935006.cms
Palm oil futures for June delivery rose 1% at RM2,685 ringgit (US$606.92) a tonne at the midday break, but declined 3.5% for the week.

Malaysian palm oil price rebounds on stronger soyoil ending 3-day losing streak ~ 29 Mar 2017
http://www.thestar.com.my/business/business-news/2017/03/29/palm-rebounds-on-stronger-soyoil/

Malaysia palm oil buyers boost imports from Indonesia in wake of El Nino ~ 27 Mar 2017
http://mpoc.org.my/Malaysia_palm_oil_buyers_boost_imports_from_Indonesia_in_wake_of_El_Nino.aspx
Shipments to Malaysia would likely remain at higher levels next month as they expected Indonesia to cut its export taxes on palm to US$3 (RM13.30) per tonne from US$18 currently. Imports from Indonesia could reach 60-70,000 tonnes (again) next month, if the new tax kicks in.



Commodities: Time to shine? ~ 26 Mar 2017
http://www.theborneopost.com/2017/03/26/commodities-time-to-shine/

New biodiesel dumping claim weighs on RI’s shoulders ~ 25 Mar 2017
http://www.thejakartapost.com/news/2017/03/25/new-biodiesel-dumping-claim-weighs-on-ris-shoulders.html
Imposing anti-dumping and countervailing duties on imports of biodiesel from Argentina and Indonesia.



Malaysian palm oil price charts sharpest daily drop in nearly 2 weeks ~ 24 Mar 2017
http://www.thestar.com.my/business/business-news/2017/03/24/palm-oil-charts-sharpest-daily-drop-in-nearly-two-weeks/
Palm oil futures for June delivery fell 2.1% to RM2,771 (US$625.93) per tonne.

Malaysia raises April palm oil export duty to 5% ~ 15 Mar 2017
http://www.thestar.com.my/business/business-news/2016/03/15/malaysia-raises-april-palm-oil-export-duty-to-5pct/
Producers will be most affected, big players who have been exporting a lot of CPO will be at a disadvantage.

CPO gains 1.4% on production drop, strong exports ~ 3 Feb 2017
http://www.thestar.com.my/business/business-news/2017/02/03/palm-gains-1dot-4-pct-on-production-drop-strong-exports/
Palm oil futures for March delivery rose to RM3,071 (US$692.29) per tonne.


Offline zuolun

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Re: CRUDE PALM OIL
« Reply #276 on: April 02, 2017, 08:53:41 AM »
Indonesia’s share in Ukrainian palm oil imports hit a ten-year high ~ 31 Mar 2017
http://www.blackseagrain.net/novosti/indonesia2019s-share-in-ukrainian-palm-oil-imports-hit-a-ten-year-high-1
Indonesia continues holding the top position among palm oil exporters this season. So, the country’s share in imports of this vegoil to Ukraine has increased to 83.2% in MY 2016/17, remaining at a ten-year high. Correspondingly, Malaysia’s market share has shrunk to 15.8%.

Cyclone Debbie hits Queensland farmers hard, hundreds of millions in crops lost ~ 31 Mar 2017
http://www.abc.net.au/news/2017-03-31/queensland-farmers-and-crops-hit-hard-by-cyclone-debbie/8405422

Why Wilmar can shrug off lower plantation profits

31 Mar 2017

Lower soybean prices a likely upside for the agri player.

As crude palm oil prices started their downtrend in the past week, agri players are expected to suffer from lower plantation profits. For Wilmar, however, this could be more than offset by two things.

According to RHB, Wilmar's better processing margins due to lower feedstock costs would give it a boost amidst lower plantation yields. More so, RHB cites moderating soybean prices as a possible upside for Wilmar.

"A declining trend in soybean prices is generally positive for Wilmar. With the current bumper crop in Brazil, we believe positive crushing margins can be achieved at Wilmar," said the brokerage research firm.

Meanwhile, RHB noted how well Wilmar's investments in joint ventures and associates performed in the past year, delivering a 35% year-on-year growth in contributions.

"The group expects to benefit from the lifting of restrictions on foreign investments in China’s oilseeds and grains processing businesses. Given that its adjusted net gearing ratio has come off to 0.35x, we believe the group could gear up to take on more M&As," explained RHB.

New Australian codes force Wilmar to sell sugar through local marketing body

By Jamie Smyth, Jeevan Vasagar
March 30, 2017

Australia is introducing tough new rules aimed at forcing Wilmar International to sell sugar through a marketing company owned by local cane growers and millers in a move to appease its powerful farming lobby.

The controversial decision, announced late on Wednesday by the government, follows a bitter two years dispute between sugar cane growers and Wilmar over who has the right to market Australian sugar sold into international markets.

In 2015 Wilmar said it would start to sell sugar that it milled at its plants in Queensland directly through in-house marketing, rather than selling it through Queensland Sugar Limited (QSL), a long established marketing body owned by the local industry.

Local cane growers objected, fearing it would lead to lower prices. They have been pressing the Liberal-National coalition to support their case by passing a mandatory code of conduct that would force Wilmar to deal with QSL.

In a late night announcement, Scott Morrison, Australia’s treasurer, said the government would introduce the mandatory code next week and it would cover millers, growers and marketers of sugar.

“I wouldn’t call it an expansive code,” said Mr Morrison.

“It’s not controlling prices, it’s not re-regulating the industry or anything like that.”

But the intervention by the government prompted the Australian Sugar Milling Council (ASMC), which represents Wilmar and other millers, to warn the Liberal-National government is “re-regulating” the A$2bn sugar industry, which was deregulated in 2006.

“There is no question that this unprecedented level of political intervention creates sovereign risk in our industry,” said Dominic Nolan, ASMC chief executive.

“Any appetite for investment in the sugar industry must be put under pressure by this decision to change the rules and re-regulate based on political opportunism,” he said.

The sugar dispute is the latest battleground in Australia over foreign investment following concerns about a flood of Chinese-based investment in infrastructure, housing and farming.

The issue has become a political headache for the government of prime minister Malcolm Turnbull over recent weeks following repeated threats by a backbench lawmaker to resign unless the coalition intervened on behalf of cane growers.

The plan to introduce the new rules was announced ahead of a critical vote on the government’s key economic reform of corporate tax cuts in the Senate, which the government could lose unless it can attract independent support.

Singapore-based Wilmar, which entered the sugar trade in 2010, has become a key player in a highly competitive market. The company earned US$125m in profit before tax from its sugar business last year, offsetting a steep decline in earnings in its oilseeds business, which has been hit by volatility in the soybeans market.

Cyclone Debbie hits $2bn sugar industry ~ 29 Mar 2017
http://www.afr.com/news/cyclone-debbie-hits-2bn-sugar-industry-20170328-gv8qi7

Nigerian palm oil prices soar, as importers struggle to source currency ~ 24 Mar 2017
http://www.agrimoney.com/news/nigerian-palm-oil-prices-soar-as-importers-struggle-to-source-currency--10576.html
Nigeria's palm oil sector has shrugged off a sluggish national economy, as currency restrictions on importers sends domestic crude palm oil prices soaring.

Indonesia palm export growth 'to stay weak', despite output jump ~ 21 Mar 2017
http://www.agrimoney.com/news/indonesia-palm-export-growth-to-stay-weak-despite-output-jump--10558.html

The latest El Niño forecast is in, what it means for 2017 hurricane season ~ 10 Mar 2017
http://weatherplus.blog.palmbeachpost.com/2017/03/10/the-latest-el-nino-forecast-is-in-what-it-means-for-2017-hurricane-season/
El Niño, which is an abnormal warming in the equatorial Pacific, was given a 50 to 55% chance of making an appearance after the June 1 start date of the 2017 hurricane season.

El Niño and La Niña ~ 9 Mar 2017
https://www.youtube.com/watch?v=XiVFUsIS33w



Malaysia palm oil buyers boost imports from Indonesia in wake of El Nino ~ 27 Mar 2017
http://mpoc.org.my/Malaysia_palm_oil_buyers_boost_imports_from_Indonesia_in_wake_of_El_Nino.aspx
Shipments to Malaysia would likely remain at higher levels next month as they expected Indonesia to cut its export taxes on palm to US$3 (RM13.30) per tonne from US$18 currently. Imports from Indonesia could reach 60-70,000 tonnes (again) next month, if the new tax kicks in.


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Re: CRUDE PALM OIL
« Reply #277 on: April 03, 2017, 09:40:10 AM »



31/3/17

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Re: CRUDE PALM OIL
« Reply #278 on: April 04, 2017, 08:34:26 AM »



3/4/17

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Re: CRUDE PALM OIL
« Reply #279 on: April 05, 2017, 07:35:58 AM »



Business NewsHome > Business > Business News
Wednesday, 5 April 2017 | MYT 6:35 AM
Malaysian palm oil price hits 6-mth low
image: http://www.thestar.com.my/~/media/online/2016/12/04/03/02/palm-oil-fruits-lab.ashx/?w=620&h=413&crop=1&hash=7171A4C48D71134F3F3CEC65C372AE19516C444D
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week.  The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14.  Traded volumes stood at 48,853 lots of 25 tonnes each.
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14. Traded volumes stood at 48,853 lots of 25 tonnes each.
 
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14.

Traded volumes stood at 48,853 lots of 25 tonnes each.

"The market fell tracking soyoil, while waiting for new leads," said a futures trader in Kuala Lumpur. Upcoming inventory data from the Malaysian Palm Oil Board (MPOB) will be impacted by local consumption, as production and exports are "expected to offset each other," the trader added.

Data from official industry regulator MPOB is forecast to show rising production and exports, and is scheduled for release on April 10.

Output of the tropical oil at the world's second largest producer could rise in March, in line with the seasonal trend, but production growth is expected to be small, according to traders.

In February, production declined 1.4 percent on-month, while exports saw a 14 percent drop.

Palm oil shipments for March saw a near 7 percent gain from a month earlier, cargo surveyor data showed last week.

Palm oil seems to have found a support at 2,638 ringgit per tonne, and it may continue to hover above this level or bounce towards a range of 2,685-2,715 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

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

On Tuesday, CBOT soybean oil was down 0.1 percent. China's Dalian Commodity Exchange is closed for a national
holiday. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/05/palm-snaps-gain-on-weaker-overnight-soyoil-hits-6-mth-low/#oZoix1YEPFiw0XRB.99

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Re: CRUDE PALM OIL
« Reply #280 on: April 05, 2017, 03:43:30 PM »



4/4/17

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Re: CRUDE PALM OIL
« Reply #281 on: April 06, 2017, 08:31:04 AM »



5/4/17

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Re: CRUDE PALM OIL
« Reply #282 on: April 07, 2017, 06:28:22 AM »



财经  2017年04月06日
產量逐步復甦 棕油价年底下看2250

(万宜6日讯)基于厄尔尼诺气候效应退散,棕油產量逐步復甦,大宗商品顾问公司LMC国际主席詹姆斯弗莱预计,棕油价格今年底將下滑至约每公吨2250令吉。

6月份大马衍生品交易所棕油期货合约,週四闭市报每公吨2699令吉。

拉尼娜现象(LaNina)短暂出现后,市场传出另一波厄尔尼诺气候即將袭来。

即便如此,詹姆斯弗莱在出席大马棕油局諮询委员会研討会后向《马新社》指出,来自阿根廷及巴西的菜籽油、大豆油和向日葵油產量趋好,预计推动包括棕油在內的蔬菜油库存增加,进而衝击棕油价格。


他预计,大马2017年棕油產量料上涨超过500万公吨,至2250万公吨,相比去年同期的1730万公吨。

他点出,大马今年1月份至2月份的產量涨幅快于1999年產量增长速度。我国1999年棕油產量接近2200万公吨。

「由于次季產量料有所放缓,我们估计,大马2017年產量为1960万公吨,这仍比2016年產量高出220万公吨。」

另一方面,詹姆斯弗莱称,欧洲对于棕油永续性的要求,亦可能拉低市场对原產品的需求量。

欧洲国会日前通过一项议案,即在2020年后,只有符合环境永续性指標的棕油才可以进口欧洲。

印尼措施抵销不利

不过,他认为,隨著印尼给予生物柴油计划的津贴,消耗部份棕油库存,相信可稍微抵消上述不利因素。

印尼棕油基金將利用向市场徵收的棕油和棕油烯烃出口税收入,给予生物柴油津贴。

「当棕油价格远高于石油时,当局將缩小生產生物柴油的力度,因印尼棕油基金无法给予庞大的补贴。」

他补充,印尼棕油基金將拨出7亿5000万美元,作为生物柴油津贴。然而,他担忧,印尼政府祭出的政策未必能完全抑制棕油库存上涨所带来的影响,但至少有助舒缓棕油库存走高的速度。大马政府亦实行相同的政策。

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Re: CRUDE PALM OIL
« Reply #283 on: April 07, 2017, 06:29:16 AM »



Thursday, 6 April 2017 | MYT 6:33 AM
Malaysian palm oil price sees strongest daily gain in 5 months
image: http://www.thestar.com.my/~/media/online/2016/11/30/01/11/palm-oil.ashx/?w=620&h=413&crop=1&hash=7657EEA59628CFF88ED0B845D3CF2080DA33B006
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24.  It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29.  Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24. It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29. Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.
 
KUALA LUMPUR: Malaysian palm oil futures clocked up their biggest daily gains in over five months in late trade on Wednesday, tracking rival edible oils and on a bullish export outlook for April due to Ramadan demand.

The month-long Ramadan sees Muslims in regions such as India and the Middle East consume more palm oil, as they break day-long fasts with meals.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24.

It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29.

Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.

"The market's rise is tied to stronger overseas performances, as well as continued buying on good April exports," said a futures trader in Kuala Lumpur, referring to rival oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

"There is some technical buying as well, as the market was oversold."

Upcoming data from the Malaysian Palm Oil Board (MPOB) is expected to show strong export figures for the month of March.

A Reuters poll of seven planters, traders and analysts forecast exports to rise 7 percent to 1.18 million tonnes, while output is seen gaining 10.4 percent to 1.39 million tonnes.

End-stocks are likely to rise slightly by 0.1 percent to 1.46 million tonnes, according to the survey.

Data from official industry regulator MPOB is scheduled for release on April 10.

Palm oil is also impacted by the price movements of 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 rose 1.3 percent, while the September soybean oil contract on the Dalian Commodity Exchange fell 0.7 percent.

In other related vegetable oils, the September contract for palm olein on the Dalian Commodity Exchange was up 0.7 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/06/palm-sees-strongest-daily-gain-in-5-months-on-rival-oils/#6cxji6QTAPfjmX5X.99

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Re: CRUDE PALM OIL
« Reply #284 on: April 07, 2017, 09:01:42 AM »
CPO prices could fall to RM2250 per tonne by year-end ~ 6 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/06/cpo-prices-could-fall-to-rm2250-per-tonne-by-year-end/

Palm oil retreats on expectations of production rebound ~ 6 Apr 2017
http://timesofindia.indiatimes.com/business/international-business/palm-oil-retreats-on-expectations-of-production-rebound/articleshow/58047810.cms

Malaysia palm oil output likely jumped in March ~ 6 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/06/survey-malaysia-palm-oil-output-likely-jumped-in-march/
Palm oil output in Malaysia likely jumped over 10% in March, marking its first month-on-month climb in about 5 months.

Malaysia worried EU resolution could dent palm oil exports ~ 5 Apr 2017
http://uk.reuters.com/article/us-malaysia-eu-palmoil-idUKKBN1770SU

Global palm oil output seen rising 11% in 2017 ~ 7 Mar 2017
http://uk.reuters.com/article/global-palmoil-output-idUKL3N1GK1VT
Indonesia’s palm oil output was expected to reach 35 million tonnes in 2017 year from 32.10 million tonnes recorded in 2016 while Malaysia’s output would increase to 19.85 million tonnes from 17.32 million tonnes previously.


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Re: CRUDE PALM OIL
« Reply #285 on: April 07, 2017, 09:51:06 AM »



6/4/17

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Re: CRUDE PALM OIL
« Reply #286 on: April 07, 2017, 04:16:28 PM »
Canegrowers Burdekin sign cane supply agreements with Wilmar as prices tumble ~ 7 Apr 2017
http://www.abc.net.au/news/2017-04-07/rural-canegrowers-burdekin-supply-agreements/8426260

Global food prices fall in March as sugar and vegetable oils slide – UN ~ 6 Apr 2017
http://www.un.org/apps/news/story.asp?NewsID=56510#.WOc7PNJ97IU
  • Vegetable oil prices fell 6.2% on the month.
  • Palm oil and soy oil quotations were both lower in March on the back of improving production forecasts.
  • Sugar prices plummeted 10.9% to its lowest level since May 2016.
Crude Palm Oil Weekly Report – 1 April 2017
  • Market might try to test 2,574, trading between 2,745 to 2,540.
  • Resistance lines at 2,732 and 2,812.
  • Support lines at 2,574 and 2,533


Hedge funds cut bullish ag bets, as 'Trumpflation trade' reverses ~ 27 Mar 2017
http://www.agrimoney.com/news/hedge-funds-cut-bullish-ag-bets-as-trumpflation-trade-reverses--10577.html
Managed money, a proxy for speculators, chopped its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 151,393 contracts in the week to last Tuesday.


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Re: CRUDE PALM OIL
« Reply #287 on: April 09, 2017, 07:24:22 AM »



 5 2 0 7
Palm oil planters face labour shortage as workers stay away
Reuters | April 7, 2017
Indonesian workers are staying away due to the weaker ringgit and increased opportunities at home.
Zakaria-Arshad_fvg_600KUALA LUMPUR: Malaysian palm oil planters say they are bracing for a severe labour shortage, with workers who typically stream over the border from neighbouring Indonesia to harvest crops staying away due to the weaker ringgit and increased opportunities at home.
A dearth of workers in the world’s No.2 producer could delay harvests and curb output as extraction rates fall when palm fruit is picked late, hurting the country’s top commodity export industry, but potentially offering some support to prices that have dropped nearly 15% this year.
Palm oil planters estimate about 70% of the industry’s workforce comes from Indonesia, with staff traditionally drawn by the chance to earn higher wages in a culture with many similarities to their own.
But Malaysia’s ringgit currency has plunged in value over the last few years as weaker energy prices hit one of the world’s top gas producers, falling 15% against the Indonesian rupiah since the start of 2015.
That, along with increased demand for labour in Indonesia as new plantations open there, is cutting the number of Indonesians prepared to head for Malaysia, planters said. Some also cited tighter employment regulations in Malaysia as it brings in stricter immigration procedures for foreign workers.
“This year, output will be impacted by (the shortage of) workers,” said Zakaria Arshad, chief executive of Felda Global Ventures Berhad, one of the country’s largest palm oil plantation operators.
“Workers are more difficult to get now, especially from Indonesia.”

Plantation workers usually make little more than minimum wage, which is around RM1,000 in Peninsular Malaysia and 3.35 million rupiah (RM1,115) in Indonesia.
“The fluctuation of the ringgit is not encouraging Indonesian workers to come to Malaysia,” said a Malaysian planter, who declined to be identified as he was not authorised to speak with media.
“The situation now is very bad compared to a few years ago,” he said, adding that recruiting workers from other countries, such as Bangladesh, would take months to arrange.
And, with palm output due to peak between the third and fourth quarters, the impact of the labour shortage is set to intensify.
“Ideally, we have to speed up labour intake before the high crop season towards the end of the year,” said the director of another palm oil operator, who also wished to remain anonymous.
Indonesia is the world’s top producer of palm, churning out 31.8 million tonnes last year. Malaysia produced 17.3 million tonnes of the tropical oil, used in everything from cosmetics to chocolate and biofuels.
“We certainly recognise that the Malaysian plantations are finding it much harder to source field hands,” said Nicholas J Whittle, chief financial officer at Indonesian palm firm PT Sawit Sumbermas Sarana Tbk.
“We expect this to add to pressures on the supply side… which may have some knock-on effect (on palm prices).”
 

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Re: CRUDE PALM OIL
« Reply #288 on: April 10, 2017, 09:01:50 AM »



7/4/17

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Re: CRUDE PALM OIL
« Reply #289 on: April 11, 2017, 06:44:20 AM »



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财经  2017年04月10日 | 记者:纪锋佑
3月库存胜预期 棕油价种植股齐跌

3月库存胜预期 棕油价种植股齐跌

(吉隆坡10日讯)大马棕油局(MPOB)今日公佈3月份的棕油数据,棕油库存量按月增长6.5%,至155万公吨,高于市场预期,而2月份的库存量为146万公吨。

《路透社》报导指出,儘管大马的棕油出口也高过市场预期,但强劲的棕油產量,使棕油库存量从6年低位水平回升。

市场人士表示,库存量走高,將对棕油价格造成压力。

大马衍生產品交易所的棕油期货价格在今日早盘也逼近6个月以来的新低,早盘休市时,以每公吨2627令吉掛收,下跌33令吉或1.2%。


午盘交易,棕油期货价格扩大跌幅,截至下午5时,报每公吨2599令吉,挫跌61令吉或2.29%。

接受《东方財经》电访的MIDF研究种植分析员林全俊称,虽然棕油价格略跌,但他相信每公吨2500令吉將有强力支撑。

棕油价格回软,连带多只种植股在今日呈跌,其中吉隆甲洞(KLK,2445,主板种植股)和云顶种植(GENP,2291,主板种植股)名列下跌榜第2名和第7名,分別下滑22仙或0.89%,以及12仙或1.04%,至24.46令吉和11.38令吉。此外,峇都加湾(BKAWAN,1899,主板种植股)也跌10仙或0.52%,报19.30令吉,是今天第10大下跌股。

產量增16%出口涨14%

至于產量方面,大马棕油局数据显示,3月份的棕油產量,从2月份的126万公吨增长16.33%,至146万公吨,是去年9月以来按月首次增长,增幅也超出市场预测,同时也高于过去5年的棕油月均產量。

同时,大马3月棕油出口按月上扬14.3%,至127万公吨,相比2月份的111万公吨,这是7个月以来的最高增幅,市场预测的3月份出口量为118万公吨。

接受《路透社》访问的辉立期货衍生品策略员黄恆顺(译音)说,「沙巴、砂拉越和柔佛等州属,在3月份的產量强劲復甦,预测这股復甦趋势將会延续至未来几个月,可能直到9月中旬或10月份,並將以单位数成长。」

但他也表示,必须谨慎观察厄尔尼诺气象的影响是否已完全消散。

此外,棕油交易员也注意到,印度、巴基斯坦和中东地区的需求量正走高,並且预计佳节的到来,將提振棕油及相关商品在4月份的出口量。

肯纳格研究种植股分析员则说,开斋节前的棕油需求量预计將在4月份开始提高。

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Re: CRUDE PALM OIL
« Reply #290 on: April 11, 2017, 07:41:39 AM »
Malaysia's end-March palm stocks post first rise in three months ~ 10 Apr 2017
http://af.reuters.com/article/commoditiesNews/idAFL3N1HI21O
Rising stockpiles could further depress palm oil prices, which hit a 6-month low in early trade on Monday.  Palm oil prices fell more than 4% last month and are down 1% so far in April, tracking weaker performing rival oils and under pressure from expectations of seasonal output gains.

Malaysia Crude Palm Oil ~ 10 Apr 2017
Malaysian palm oil futures June contract closed at RM 2592 on 10 Apr 2017.
Immediate support @ RM2,574, immediate resistance @ RM2,638, next resistancce @ RM2,685.


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Re: CRUDE PALM OIL
« Reply #291 on: April 11, 2017, 11:38:29 AM »



2593

10/4/17

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Re: CRUDE PALM OIL
« Reply #292 on: April 12, 2017, 07:02:28 AM »



财经  2017年04月11日
种植领域多空交战 棕油价徘徊2500-2725

(吉隆坡11日讯)棕油库存从2月的146万公吨,增长7%,至3月的155万公吨,给原棕油价格带来压力。展望未来,棕油產量料將持续回升,而全球大豆种植量显著增加,是原棕油的2大负面因素,但另一边厢,棕油需求在近期內料將受到穆斯林斋戒月因素扶持。

种植领域多空因素兼具的情况,令市场分析员普遍给予该领域「中和」评级,分析员对今年全年的原棕油平均价位预期,介于每公吨2500至2725令吉区间。

儘管气候转好,导致3月棕油库存走高,但仍低于去年同期的189万公吨,主要是因为虽然產量增长16.7%,至146万公吨,高于市场预测的139万公吨,但出口也增长14%,至127万公吨,高于市场预测的118万公吨。推高3月棕油库存的因素是作为主要买家的中国,在农历新年之后,对大马的棕油进口按月只微增0.4%,按年则大跌27.1%。

斋戒月扶持需求


不过,印度和巴基斯坦对大马棕油进口则分別按月激增28.4%与11.3%,相信是开始因应6月的穆斯林斋戒月需求,囤积棕油,为大马的3月棕油出口提供了有力扶持。

展望未来,分析员认为,棕油种植领域同时面对数个多空因素。有利因素方面,穆斯林国家因应斋戒月需求而进行的棕油囤积活动,料將持续下去,而中国棕油进口量减少的情况,也预料不会持续太久,该国传统上將在冬季过后,重新开始增购棕油。

儘管如此,棕油也面对数个负面因素。

第一,去年受干旱气候影响的棕油產量,还未回升至正常水平,而这有可能將在今年中旬或下半年发生,这意味出口表现有可能將继续无法完全抵销多余的產量,一如3月库存增加的情况。

第二,全球范围內,尤其是美国和巴西,大面积增加种植大豆。大豆种植面积可能在今年创新高,达8950万英亩,按年增加7.3%。

由于大豆油和棕油处于竞爭关係,一旦大豆油供应激增,拉低价格,料將吸引部份植物油买家转向大豆油,进而也拖累原棕油价格。

第三,令吉匯率已止跌,並且出现回升的跡象。基于全球標竿原棕油价格以令吉定价,这有可能打击国际买家的购兴。

艾芬黄氏投行、MIDF投行、肯纳格投行、丰隆投行和大华继显证券分析员均给予种植领域「中和」评级,只有大眾投行与达证券,分別给予该领域「增持」和「减持」评级。

大马衍生品交易所的6月原棕油期货,从上週五的每公吨2660令吉,跌至週一的2593令吉,週二回升21令吉或0.8%,至2614令吉。

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Re: CRUDE PALM OIL
« Reply #293 on: April 12, 2017, 07:20:15 AM »
Bumper crop, price down ~ 12 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/12/bumper-crop-price-down/
Palm oil is not the only vegetable oil that is seeing a sell-off in the futures market. The price of soybean, CPO’s main rival, had tumbled 13% since its recent peak in January after the US Department of Agriculture predicted that soybean reserves would climb to a record this year.



Malaysia’s rising palm oil output in March keeping price down ~ 11 Apr 2017
http://www.themalaymailonline.com/money/article/report-malaysias-rising-palm-oil-output-in-march-keeping-price-down
Palm oil prices will test RM2,500 a tonne over next couple of months, weighed down by rising production, while demand will be sluggish on rising soybean supplies.

A look at soybeans and corn as planting season gets under way ~ 11 Apr 2017
https://seekingalpha.com/article/4061675-look-soybeans-corn-planting-season-gets-way
After 4 straight years of bumper yields in the U.S., prices have chosen to focus on the stockpiles that are sitting in storage from recent years rather than the uncertainty of this year's harvest.

USDA raises outlook for global soy, grain supplies ~ 11 Apr 2017
http://uk.reuters.com/article/usda-crops-idUKL1N1HJ0ZX

Soybeans face 5th week of fall, longest losing streak in 30 months ~ 7 Apr 2017
http://in.reuters.com/article/global-grains-idINL3N1HF1GT

U.S. agriculture bets the farm on Chinese soy demand ~ 6 Apr 2017
http://www.reuters.com/article/us-usa-china-soy-idUSKBN1782JS


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Re: CRUDE PALM OIL
« Reply #294 on: April 12, 2017, 09:51:00 AM »



11/4/17

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Re: CRUDE PALM OIL
« Reply #295 on: April 12, 2017, 04:05:52 PM »



Business NewsHome > Business > Business News
Wednesday, 12 April 2017 | MYT 3:18 PM
CPO slips below key support level
image: http://www.thestar.com.my/~/media/online/2015/08/24/10/52/cpo13aug15.ashx/?w=620&h=413&crop=1&hash=372110FE2A7F18936BE5A335631637A96FF3C7DA

 
PETALING JAYA: The price of crude palm oil (CPO) is heading towards bear market territory, dragged down by concerns over rising supply and declining prices of competing edible oils.

The commodity, which hit RM3,185 a tonne in December, is now trading at RM2,578 - its lowest level since October last year.

The weakening price trend has dampened investors’s sentiment on plantation stocks. Shares in IOI Corp Bhd, one of the major producers of the commodity, declined 1 sen to a two-month low of RM4.46 at the midday break.

The benchmark CPO futures contract on Bursa Derivatives fell through an important psychological support level of RM2,600 in early trade today after a report by a US government agency said global edible oil stockpiles will increase sharply this year.

In report published yesterday, it expects Malaysia palm oil output in 12 months the end Sept 30 will rise to 19.5 million tonnes from 17.7 million a year earlier.

Next season, production of palm oil is projected to increase to 21 million tonnes.

Palm oil production recovery came at a time when soybean output is projected to increase significantly. 

The US Department of Agriculture expects global soybean inventories - already forecast at a record - to swell even larger to 87.4 million tonnes on higher output in Brazil.

The soybean futures contract in Chicago fell to a one year low after the report was released yesterday.
TAGS / KEYWORDS:
Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/04/12/crude-palm-oil-at-below-support-level/#860LDGmwJ2Yl2Bco.99

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Re: CRUDE PALM OIL
« Reply #296 on: April 13, 2017, 09:47:33 AM »



12/4/17

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Re: CRUDE PALM OIL
« Reply #297 on: April 13, 2017, 06:18:09 PM »



Highlight
Malaysia lowers May crude palm oil export tax to 7% - govt circular
Reuters
/
Reuters

April 13, 2017 16:09 pm MYT
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KUALA LUMPUR (April 13): Malaysia, the world's second-largest palm oil producer after Indonesia, will lower its crude palm export tax to 7% in May, down from 7.5% in April, according to a circular on the Malaysian Palm Oil Board website on Thursday.

The Southeast Asian nation calculated a palm oil reference price of RM3,008.09 per tonne for May. A price above RM2,250 incurs a tax, which starts from 4.5% and can reach a maximum of 8.5%.

Malaysia last lowered the tax in April, moving down from 8% in March.

Palm oil's benchmark prices have slid over 15% since the start of the year on concerns of rising output. It was last up 0.7% at RM2,607.

 

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Re: CRUDE PALM OIL
« Reply #298 on: April 14, 2017, 08:31:25 AM »



Business NewsHome > Business > Business News
Friday, 14 April 2017 | MYT 7:02 AM
Malaysian palm oil price weakens on stronger ringgit
image: http://www.thestar.com.my/~/media/online/2017/01/06/05/03/crude-palm-oil-tankers.ashx/?w=620&h=413&crop=1&hash=56FF3842D6AACC458975133168650B9E6D2536CD
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October.     Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October. Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening
 
KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday, weighed down by a stronger ringgit and an announcement that Malaysia's crude palm oil export tax would be higher than expected.
    The ringgit, palm's oil currency of trade, strengthened 0.3 percent on Thursday evening to 4.4100 against the dollar, its strongest level in more than two weeks. A stronger ringgit makes the tropical oil more expensive for holders of other currencies.
    The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October.
    Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening.
    "A stronger ringgit led the movement," said a futures trader from Kuala Lumpur.
    Another trader said Malaysia's announcement of May's crude palm oil tax also weighed. "Industry players thought it would be 6.5 percent, but it came in higher than expected at 7 percent," he said.
    While the tax was lower than April's level of 7.5 percent, the higher-than-expected May level will add to buyers' costs and may dampen demand. The May tax announcement was issued on the Malaysian Palm Oil Board website on Thursday.
    Shipments of palm oil and related products are expected to rise in April and May before the Muslim fasting month of Ramadan, which begins at the end of May.
    Palm oil exports rose 20-25 percent in the first 10 days of April compared with the same period last month, according to cargo surveyor data.
    In related oils, soybean oil on the Chicago Board of Trade rose 0.5 percent, while the September soybean oil contract on the Dalian Commodity Exchange edged up 0.1 percent.
    The September contract for palm olein rose 0.8 percent. - Reuters
 
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Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/14/palm-weakens-on-stronger-ringgit/#ugTuWQH1h7hv7Ccp.99

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Re: CRUDE PALM OIL
« Reply #299 on: April 14, 2017, 08:33:57 AM »



13/4/17

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