Author Topic: CRUDE PALM OIL  (Read 58232 times)

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Re: CRUDE PALM OIL
« Reply #300 on: April 14, 2017, 03:10:45 PM »



Vegoils
Palm hits 6-month low as ringgit strengthens
Reuters
/
Reuters

April 14, 2017 14:47 pm MYT
-A+A
KUALA LUMPUR (April 14): Malaysian palm oil futures hit a six-month low in early trade on Friday and were headed for a third consecutive session of declines, weighed down by a stronger ringgit.

The ringgit, palm oil's currency of trade, hit a five-month high at 4.3960 per dollar and was last up 0.3% at 4.4000. 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 was down 0.3% at RM2,559 (US$581.59) a tonne at the midday break. Earlier in the session, it fell to a low of RM2,551, the weakest since Oct 10, 2016.

Traded volumes stood at 21,913 lots of 25 tonnes each at noon.

Apart from the ringgit's strength dampening demand for the vegetable oil, a narrowing spread between palm and soyoil also prompts buyers to switch to soyoil, said traders.

"The narrowing spread between soybeans and palm could be pressuring the market," said a Kuala Lumpur-based futures trader. 

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

Soybean oil on the Chicago Board of Trade was last up 0.1%, while the September soybean oil contract on the Dalian Commodity Exchange rose 0.1%.

Palm has shed 3.8% so far this week, heading for its third weekly decline in four, as traders sold throughout the week on forecasts of rising output.

Production in the world's second largest producer after Indonesia is seen rising in line with seasonal trend, and as the effects of a crop damaging El Nino wear off.

Data from industry regulator showed that output in March rose 16.3% on month, the first monthly gain since September and higher than the past five-year average for March growth.

In other related vegetable oils, the September contract for palm olein was down 0.2%.

Palm, soy and crude oil prices at 0501 GMT

Contract         
Month   
Last 
Change     
Low   
High 
Volume

MY PALM OIL     
APR7   
2750
-19.00   
2750   
2750     
57

MY PALM OIL     
MAY7   
2660
-10.00   
2651   
2667   
889

MY PALM OIL     
JUN7   
2559 
-7.00   
2551   
2568   
8870

CHINA PALM OLEIN
SEP7   
5206
-12.00   
5164   
5234
394120

CHINA SOYOIL     
SEP7   
5942 
+6.00   
5914   
5980
343412

CBOT SOY OIL     
MAY7   
31.19 
+0.04 
31.16 
31.48 
63850

INDIA PALM OIL   
APR7 
517.00 
-0.10
514.70 
521.5   
1818

INDIA SOYOIL     
APR7   
634.8 
-1.45 
632.5 
638.6   
3340

NYMEX CRUDE     
MAY7   
53.18 
+0.07 
52.82 
53.39
443511

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.4000)
(US$1 = 64.4300 Indian rupees)
(US$1 = 6.8850 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #301 on: April 16, 2017, 01:37:02 PM »



2017-01-04 17:04
棕油价料维持高位.业绩看俏.种植业或双喜临门
原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。
(吉隆坡4日讯)原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。

广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。

联昌研究则指出,库存和马币双双走低有助于原棕油维持高位,估计2017年平均价为2600令吉,略低于2016年的2650令吉。

原棕油今日走低,大马衍生产品交易所的3月指标货盘中滑落21令吉,报3142令吉。

受厄尔尼诺影响,2016年油棕产量低于预期,带动原棕油价格飙涨,以马币和美元计,全年分别上扬45%和39%。然而,马银行研究强调,厄尔尼诺纯属短期利好,因此在雨量和结果率恢复正常后,原棕油行情可能大幅调整,重演1997/98年厄尔尼诺肆虐过后的情景。

“1999年拉尼娜现象带动大马鲜果串和原棕油产量分别按年增加21%和27%,造成马币计价的原棕油平均价急挫39%,降至每公吨1450令吉。”


大选快到 哪家公司最兴奋?

广告

 
该行补充,虽然澳洲气象局12月6日调降拉尼娜的预测概率,但亚太区2016下半年保持正常雨量,意味油棕产量2017年将逐步提升,特别是下半年最强劲。

种植业维持中和评级

马银行研究估计,2017年大马和印尼油棕产量将增加10%或600万公吨,逆转2016年减少7%或400万公吨的情况,决定保持种植业的“中和”评级。

同样保持种植业“中和”评级的联昌研究说,期货团队查访17片园丘得出的结果显示,按月比较,12月原棕油库存可能增加2%至170万公吨,出口和产量则预计分别下滑3.8%和7.8%,各报132万公吨和153万公吨。

广告

该行估计,按年比较,12月原棕油库存可能下跌35.7%,依然偏低;出口预期下跌11.1%,产量则提升9.1%。

外劳人头税冲击不大

至于1月起落实的新外劳人头税措施,联昌研究表示,该行追踪的种植公司预期新措施不会严重打击他们的业绩,因为他们过去几年早已承担外劳的640令吉人头税。

联昌研究的首选种植股为云顶种植(GENP,2291,主板种植组),保持“加码”评级和11令吉80仙目标价。



文章来源:
星洲日报‧财经‧报道:王宝钦‧2017.01.04

Online king

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Re: CRUDE PALM OIL
« Reply #302 on: April 16, 2017, 01:40:34 PM »


2017-01-04 17:04
棕油价料维持高位.业绩看俏.种植业或双喜临门
原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。
(吉隆坡4日讯)原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。

广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。

联昌研究则指出,库存和马币双双走低有助于原棕油维持高位,估计2017年平均价为2600令吉,略低于2016年的2650令吉。

原棕油今日走低,大马衍生产品交易所的3月指标货盘中滑落21令吉,报3142令吉。

受厄尔尼诺影响,2016年油棕产量低于预期,带动原棕油价格飙涨,以马币和美元计,全年分别上扬45%和39%。然而,马银行研究强调,厄尔尼诺纯属短期利好,因此在雨量和结果率恢复正常后,原棕油行情可能大幅调整,重演1997/98年厄尔尼诺肆虐过后的情景。

“1999年拉尼娜现象带动大马鲜果串和原棕油产量分别按年增加21%和27%,造成马币计价的原棕油平均价急挫39%,降至每公吨1450令吉。”


大选快到 哪家公司最兴奋?

广告

 
该行补充,虽然澳洲气象局12月6日调降拉尼娜的预测概率,但亚太区2016下半年保持正常雨量,意味油棕产量2017年将逐步提升,特别是下半年最强劲。

种植业维持中和评级

马银行研究估计,2017年大马和印尼油棕产量将增加10%或600万公吨,逆转2016年减少7%或400万公吨的情况,决定保持种植业的“中和”评级。

同样保持种植业“中和”评级的联昌研究说,期货团队查访17片园丘得出的结果显示,按月比较,12月原棕油库存可能增加2%至170万公吨,出口和产量则预计分别下滑3.8%和7.8%,各报132万公吨和153万公吨。

广告

该行估计,按年比较,12月原棕油库存可能下跌35.7%,依然偏低;出口预期下跌11.1%,产量则提升9.1%。

外劳人头税冲击不大

至于1月起落实的新外劳人头税措施,联昌研究表示,该行追踪的种植公司预期新措施不会严重打击他们的业绩,因为他们过去几年早已承担外劳的640令吉人头税。

联昌研究的首选种植股为云顶种植(GENP,2291,主板种植组),保持“加码”评级和11令吉80仙目标价。



文章来源:
星洲日报‧财经‧报道:王宝钦‧2017.01.04


most ppl see only t big headlines above
but
neglect t small news below ....


广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。

Offline zuolun

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Re: CRUDE PALM OIL
« Reply #303 on: April 17, 2017, 06:08:54 AM »
Palm oil falls to 6-month low on strengthening ringgit ~ 15 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/15/palm-oil-falls-to-6-month-low-on-strengthening-ringgit/
  • Palm oil futures for June hit low of 2,543 and closed at RM2,552 (-14.00, -3.88%) on 14 Apr 2017.
  • Market may test 2,500 and trading between 2,450 to 2,640.
  • Support at 2,455 and 2,402. Resistance at 2,625 and 2,685.
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/

When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new low.


Online king

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Re: CRUDE PALM OIL
« Reply #304 on: April 17, 2017, 07:04:26 AM »



令吉走高拉低原棕油价
24点看 2017年4月17日
交易商预计,本周原棕油期货将受到令吉走坚的影响。

随着令吉走高,促使投资者套利,导致原棕油期货市场在上周开始出现下跌趋势。


若是令吉兑美元在本周冲破4.40,原棕油期货价格将会进一步下探更多扶持水平。

随着美国总统特朗普近期指,美元过度强劲,而美联储必须维持在低利率,导致许多外资把焦点转向亚洲货币,包括令吉。

Interband集团高级原棕油交易员郑锦(译音)指出,本周该市场将会在较低水平,介于每吨2500至2600令吉之间游走。

“部分投资者从近期的涨势中套利,并考虑把资金放在股市。”

同时,辉立期货(Phillip Futures)交易商吴大卫(译音)则指,市场最近新预期是原棕油出口保持强劲,因为下个月的斋戒月预计将会制造更多需求。


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Online king

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Re: CRUDE PALM OIL
« Reply #305 on: April 17, 2017, 10:22:59 AM »



14/4/17

2554

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Re: CRUDE PALM OIL
« Reply #306 on: April 17, 2017, 11:04:36 AM »



Technicals
Palm oil to test support at RM2,538
Reuters
/
Reuters

April 17, 2017 10:23 am MYT
-A+A
SINGAPORE (April 17): Palm oil is expected to test a support at RM2,538, a break below which could cause a further loss to RM2,514.

The support is provided by the 150% Fibonacci projection level on a downtrend from the March 22 high of RM2,839. The bullish divergence on the hourly MACD suggests that a decent bounce could be due, which may occur around RM2,514.

On the daily chart, the contract has broken below a support at RM2,574, the 61.8% Fibonacci retracement on the uptrend from the July 12, 2016 low of RM2,186 to the Dec 16, 2016 high of RM3,202.

It is very much unexpected that the support failed to trigger a bounce. Based on this retracement analysis, palm oil may slide more to RM2,426. However, the bullish divergence on MACD simply indicates a further slide is unlikely.

It is possible that the break below RM2,574 may suddenly turn out to be a false one, as the daily candlestick formed a doji on April 14. A rise above RM2,574 could confirm the break below this level was false.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #307 on: April 18, 2017, 10:29:48 AM »



17/4/17

2498

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Re: CRUDE PALM OIL
« Reply #308 on: April 18, 2017, 11:11:17 AM »




Palm oil to test support at RM2,484
Reuters
/
Reuters

April 18, 2017 10:20 am MYT
-A+A
SINGAPORE (April 18): Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464.

The support is provided by the 176.4% Fibonacci projection level of a downtrend from the March 22 high of RM2,839. The speed of the fall indicates the trend could have been driven by a fierce wave 3.

This wave has travelled below its 161.8% Fibonacci projection level. It is likely to extend to RM2,360. On the daily chart, a Fibonacci retracement analysis reveals a higher target at RM2,426, the 76.4% retracement of the uptrend from the July 12, 2016 low of RM2,186 to the Dec 16, 2016 high of RM3,202.

Resistance is at RM2,514, a break above which could lead to a gain into the range of RM2,538-2,561.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #309 on: April 18, 2017, 03:00:51 PM »



Business NewsHome > Business > Business News
Tuesday, 18 April 2017 | MYT 2:34 PM
Crude palm oil price falls deeper into bear market
BY IZWAN IDRIS

image: http://www.thestar.com.my/~/media/online/2017/04/18/06/37/palmoil11-april2017.ashx/?w=620&h=413&crop=1&hash=48AD97E10AE4F4D803EC68D75263182616D36ACB

 
KUALA LUMPUR: Crude palm oil (CPO) prices on Bursa Derivatives, the global benchmark, descend deeper into a bear market over worries about global oversupply of edible oils.

The most active CPO futures contract fell RM3 to RM2,495 a tonne on Tuesday -- its lowest level since August last year. The contract had fallen 21.6% from its recent high of RM3,185 a tonne on Dec 15.

But weaker CPO prices have not sapped investors appetite for plantation stocks.

Shares in major producers IOI Corp Bhd, Kuala Lumpur Kepong Bhd and Felda Global Ventures Holdings Bhd were up at midday, while smaller IJM Plantation Bhd slipped. 

The Bursa Malaysia Plantation Index, which tracks the performance plantation companies, was down about 3% from its recent one-an-half year high.

CPO production in Malaysia jumped 16% in March to 1.46 million tonnes, the first monthly increase since September last year. Inventories increased 6.5% to 1.55 million tonnes, according to data from the Malaysian Palm Oil Board.

Meanwhile, palm oil stockpiles in Indonesia probably increased 22% last month as out rose 10%, according to a Bloomberg survey.

Malaysia and Indonesia together make up about 86% of the global supply.

Meanwhile, rising soybean production in Brazil and record planting in the US -- the world’s largest producer -- are contributing to the global glut.

Palm oil and soybean oil both compete for a share of the global edible oils market.
TAGS / KEYWORDS:
Commodities , Plantations

Read more at http://www.thestar.com.my/business/business-news/2017/04/18/crude-palm-oil-price-falls-deeper-into-bear-market/#uftFHlZZXgutmPaq.99

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Re: CRUDE PALM OIL
« Reply #310 on: April 18, 2017, 04:24:32 PM »



MALAYSIA
Vegoils
Palm falls on concerns over rising output; tracks weaker soyoil
Reuters
/
Reuters

April 18, 2017 15:45 pm MYT
-A+A
KUALA LUMPUR (April 18): Malaysian palm oil futures fell on Tuesday, in line for a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged down 0.1% to RM2,495 a tonne at the midday break.

It earlier fell to an intraday low of RM2,488, near the eight-month lows of RM2,486 reached in the previous session.     

Traded volumes stood at 17,252 lots of 25 tonnes each at noon.

"The market is down on weaker soyoil, and also on continued concerns of higher supplies both in Malaysia and Indonesia," said a Kuala Lumpur-based futures trader.

The world's top producers of the tropical oil are forecast to see recoveries in production growth between now and the third quarter of the year, as the lingering effects of a crop damaging El Nino wear off.

Malaysian production rose for the full month of March, up 16.3% from February for its first monthly gain since September, in line with seasonal trends.

Palm oil prices are also impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade was down 0.7%, while the September soybean oil contract on the Dalian Commodity Exchange fell 1.1%.

In other related vegetable oils, the September contract for palm olein declined 1.2%.

Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464, said a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0547 GMT

Contract         
Month   
Last 
Change     
Low   
High   
Volume

MY PALM OIL     
MAY7   
2631 
-5.00   
2623 
2654     
683

MY PALM OIL     
JUN7   
2547 
-1.00   
2539 
2568   
3232

MY PALM OIL     
JUL7   
2495 
-3.00   
2488 
2517   
9476

CHINA PALM OLEIN
SEP7   
5178
-66.00   
5172 
5260 
383744

CHINA SOYOIL     
SEP7   
5922
-64.00   
5912 
6010 
479776

CBOT SOY OIL     
MAY7   
31.6 
-0.20 
31.57
31.84   
4383

INDIA PALM OIL   
APR7 
510.20 
-4.10
509.10   
512     
238

INDIA SOYOIL     
APR7   
633.5 
-1.40 
631.1
635.5   
1060

NYMEX CRUDE     
MAY7   
52.64 
-0.01 
52.51
52.76   
7961

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.4080)
(US$1 = 64.5550 Indian rupees)
(US$1 = 6.8895 Chinese yuan)

Offline zuolun

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Re: CRUDE PALM OIL
« Reply #311 on: April 18, 2017, 07:16:23 PM »
Palm falls on concerns over rising output; tracks weaker soyoil ~ 18 Apr 2017
http://www.theedgemarkets.com/article/palm-falls-concerns-over-rising-output-tracks-weaker-soyoil
Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464.

Crude palm oil price falls deeper into bear market ~ 18 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/18/crude-palm-oil-price-falls-deeper-into-bear-market/
The most active CPO futures contract fell RM3 to RM2,495 a tonne on Tuesday 18 Apr 2017 -- its lowest level since August last year. The contract had fallen 21.6% from its recent high of RM3,185 a tonne on Dec 15.


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Re: CRUDE PALM OIL
« Reply #312 on: April 19, 2017, 10:16:28 AM »



18/4/17

2473

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Re: CRUDE PALM OIL
« Reply #313 on: April 19, 2017, 02:29:33 PM »



Vegoils
Palm hits 8-mth low, set for 6th losing session on weaker rivals
Reuters
/
Reuters

April 19, 2017 13:33 pm MYT
-A+A
KUALA LUMPUR (April 19): Malaysian palm oil futures hit an 8-month low on Wednesday, in line for a sixth consecutive session of declines, as it tracked  weaker soyoil on the Chicago Board of Trade and other related edible oils.

Expectations of rising production are also weighing on the market, traders said.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 0.4%, reaching RM2,464 a tonne at the midday break. It earlier hit an intraday low of RM2,452, its weakest since Aug 11.

Traded volumes stood at 21,764 lots of 25 tonnes each at noon.

"Palm is down in line with weaker CBOT soybean oil futures... which closed lower overnight. Further declines in Dalian olein in morning trade may keep buyers at bay," said a futures trader from Kuala Lumpur, referring to palm olein on China's Dalian Commodity Exchange.

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

Soybean oil on the CBOT lost 2.4% in the previous session, and was last down 0.2%.

In other related vegetable oils, the September soybean oil contract on the Dalian Commodity Exchange fell 2.4%, while the September contract for palm olein declined 1.5%.

Palm oil prices have been on a steady decline in recent weeks — giving up nearly 7% so far this month — as traders sold on concerns of rising output, despite strengthening export demand in April reflected on cargo surveyor data.

Production in Malaysia and Indonesia, which produce about 85% of the world's palm oil, is expected to recover as the lingering effects of a crop-damaging El Nino wear off.

Malaysian production rose for the full month of March, up 16.3% from February, marking its first monthly gain since September and in line with seasonal trends.

Traders expect output growth to pick up further in April and in the coming months. 

Palm oil may break a support at RM2,464 and fall more to the next support at RM2,437, said a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0500 GMT

Contract         
Month   
Last   
Change     
Low   
High 
Volume

MY PALM OIL     
MAY7   
2581 
-16.00   
2581 
2593   
990

MY PALM OIL     
JUN7   
2507 
-13.00   
2500 
2520   
3178

MY PALM OIL     
JUL7   
2464   
-9.00   
2452 
2472 
10530

CHINA PALM OLEIN
SEP7   
5132 
-78.00   
5084 
5162
480046

CHINA SOYOIL     
SEP7   
5810
-142.00   
5770 
5894
641330

CBOT SOY OIL     
MAY7   
31.07   
-0.07 
31.01 
31.3   
4671

INDIA PALM OIL   
APR7 
508.40   
-0.10
507.00
508.5     
56

INDIA SOYOIL     
APR7     
629   
-0.25   
629   
629   
500

NYMEX CRUDE     
MAY7   
52.31   
-0.10 
52.24
52.42   
3163

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.4040)
(US$1 = 64.5550 Indian rupees)
(US$1 = 6.8810 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #314 on: April 20, 2017, 09:33:25 AM »



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Re: CRUDE PALM OIL
« Reply #315 on: April 20, 2017, 06:09:22 PM »
Malaysia announces highest trade, exports and imports ever recorded for month of February ~ 20 Apr 2017
http://www.cfoinnovation.com/story/12920/malaysia-announces-highest-trade-exports-and-imports-ever-recorded-month-february
In February 2017, trade with the EU amounted to RM12.7 billion, a growth of 11.2%. Exports to the region recorded a double digit growth of 26.6% to RM7.64 billion, supported by higher exports of E&E products, palm oil and palm oil-based agriculture products, chemicals and chemical products, iron and steel products, as well as optical and scientific equipment. Imports declined by 6.1% to RM5.06 billion.

EU lawmakers single out palm oil, again ~ 20 Apr 2017
http://www.theedgemarkets.com/article/eu-lawmakers-single-out-palm-oil-again
If the European Commission acts on the resolution, it could compel the 28-nation union to phase out any palm oil that fails to comply with a single certification scheme — one that the EU has yet to define. The news is negative for the palm oil industry. Critics claim it is a thinly disguised import barrier that discriminates against the vegetable oil.



Edible oils remain mixed; demand drop, oversupply weigh ~ 18 Apr 2017
http://timesofindia.indiatimes.com/business/india-business/edible-oils-remain-mixed-demand-drop-oversupply-weigh/articleshow/57702638.cms
India, the world's leading vegetable oil buyer, had imported 5,95,032 tonnes palm oil in February 2016.

EU against massive clearing of forests in Indonesia for palm oil ~ 17 Apr 2017
http://www.en.netralnews.com/news/business/read/4275/eu.against.massive.clearing.of.forests.in.indonesia.for.palm.oil
Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.



China edible oil price slump to hit palm oil imports ~ 10 Apr 2017
http://www.reuters.com/article/us-china-soybeans-margins-idUSKBN17D05H
Steep falls in Chinese edible oil prices have knocked soybean processing margins deep into negative territory, leading to a likely drop in imports of palm oil by the world's top oilseed buyer.


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Re: CRUDE PALM OIL
« Reply #316 on: April 21, 2017, 11:27:30 AM »
Malaysian palm oil price rises after six sessions of losses ~ 21 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/21/palm-rises-after-six-sessions-of-losses/
Palm oil for July closed up 1.6% at RM2,504 ringgit ($569.61) a tonne. Exports are poor, so soyoil could have helped with a technical rebound, as the market is technically oversold.

Oil price revival helps ags. Even palm oil gains ~ 20 Apr 2017
http://www.agrimoney.com/marketreport/am-markets-oil-price-revival-helps-ags.-even-palm-oil-gains--4058.html
  • It was a help that oil prices staged some recovery, adding 0.7% to $53.30 a barrel for Brent cride.
  • Oil is a key influence for ag markets, thanks largely to the growth of the biofuels market, which sees largely proportions of the likes of the US corn crop and the Brazilian sugar cane harvest turned into energy, while vegetable oils are the basis of biodiesel.
Palm oil producing countries to meet EU for talks in May ~ 18 Apr 2017
http://www.thejakartapost.com/news/2017/04/18/palm-oil-producing-countries-to-meet-eu-for-talks-in-may.html
The countries, including Indonesia and Malaysia – the world’s largest and second largest palm oil producers – have repeatedly stated their objections to the non-binding resolution that calls on EU nations to only import sustainable palm oil after 2020 and adopt a single set of international sustainability standards.


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Re: CRUDE PALM OIL
« Reply #317 on: April 21, 2017, 11:29:13 AM »



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Re: CRUDE PALM OIL
« Reply #318 on: April 22, 2017, 11:29:44 AM »
Palm sees second day of gains, traders eye Ramadan demand ~ 22 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/22/palm-sees-second-day-of-gains/
Palm oil for July was up 1%, reaching RM2,530 (US$575.26) a tonne at the end of the trading day, after earlier hitting a one-week high of RM2,535.

At 7.2% CAGR, global palm oil market size & share expected to reach $92.84 Billion in 2021: ZMR ~ 19 Apr 2017
http://www.marketwatch.com/(S(rnrsydaynixa5x55oiibxm45))/story/at-72-cagr-global-palm-oil-market-size-share-expected-to-reach-9284-billion-in-2021-zmr-2017-04-19

Getting a grip on crude palm oil investing ~ 9 Apr 2017
https://sg.finance.yahoo.com/news/getting-grip-crude-palm-oil-023500436.html
Historically, barring any extreme weather patterns, production of palm oil are at its highest in the month of June to October and lowest in the month of November leading up to March due to heavy rainfall and reduced harvest in the top 2 producing nations Malaysia and Indonesia. Prices may trend downwards from March onwards and trend upwards from November onwards and investors may be able to profit from these price trends.


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Re: CRUDE PALM OIL
« Reply #319 on: April 22, 2017, 04:11:44 PM »



WHY IS MALAYSIA TEAMING UP WITH THE COUNTRY THAT BRINGS US HAZE EVERY YEAR?
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   WU ZHEN TAN — 22/04/2017
 palm oil feat 2
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By now, you may already know that the annual haze-a-thon that chokes our region is largely due to the palm oil deforestation in various parts of Indonesia. There have been endless calls for Malaysian and Singaporean intervention. There is international pressure. There have been discussions.

Waaaay too familiar. Photo from greatermalaysia.com.
Waaaay too familiar. Photo taken from greatermalaysia.com.
But recently, it was announced that Malaysia and Indonesia are joining forces to stop the passing of a regulation in the European Union (EU). What could be so dangerous that TWO countries have to team up and travel half way across the world? What are the cunning ang mohs up to?

While this all sounds a bit like a loose local superhero movie plot, they’re actually going to save our palm oil industry from potential disaster. But Indonesia’s the one that’s burning palm oil estates and causing the haze every year. So why are we teaming up with the country that annually blows smoke in our eyes?

 

We’re fighting a decision that could make us lose BILLIONS of ringgit

On April 4th, a bunch of politicians in the European Parliament (yea, the EU has a parliament) decided that they should check their imported palm oil more carefully. They proposed a Single Certificate scheme that will evaluate imported palm oil. This, made Malaysia and Indonesia very angry.

Why? Because both of us are two of the world’s LARGEST producers of palm oil, accounting for 85% of the global production. Plus, since we ARE the largest palm oil producers, wouldn’t it make more sense if WE do our own checking and regulating? But SO WHAT if the EU decides to reject the palm we produce?

abwha1


Well, the EU is our second biggest buyer of palm oil. That’s 2.06 tonnes last year, compared to 2.8 tonnes we send to India. In terms of value, we export about RM10bil worth of palm oil and palm oil products to the EU. So even if they reject like, 10% of it, it’ll still be a headache. There’s also the concern of Malaysia’s palm oil image. The countries in the EU, like Germany and Netherlands are very atas and well respected. So you could roughly imagine how bad it would reflect on our palm oils if it were rejected by THE EU.

Currently, palm oil certification is done by the RSPO, which was formed only in 2013. It consists of companies and brands that pledge to support sustainable palm oil. But to the EU, the current certification is “open to criticism and confusing for consumers“, so they want to make their own one. And there HAS been criticism in RSPO’s standards, about not being strict enough with deforestation standards and accusations of corruption.

download (8)
Image from zambeefplc.com
To better understand the situation, we asked Andrew Ng and Siew Lim, who both served the RSPO, but are now working independently through Grassroots.

“The RSPO has some serious problems, including a credibility gap between what is professes vs. what is really happening.” – Andrew Ng tells Cilisos

“The major weaknesses lie in its implementation on the ground and the lack of enforcement of its own rules (especially when things go wrong). There also needs to be clear consequences for members violating the standards. I don’t see this happening well at the moment.” – Siew Lim tells Cilisos
But the major problem is coming from… underground???

sumatra-fire
Sh*t’s on fire yo. Image from channelnewsasia.com
So why would they reject our palms? Is there something wrong with our oil? The problems lies with its environmental impact.

Vast spaces are needed for large scale plantations, and that would mean clearing lots and lots of forests. From different sources we looked, Malaysia and Indonesia consistently ranked top 10 in countries with most rapid deforestation rates. But then again, it might not be palm oil’s fault, and it just be because we have more trees than anyone else right?

download (3)

Unfortunately, no. According to this study in 2014 that investigates carbon emission linked to deforestation, palm oil wasn’t the main contributor! It’s actually timber! Produced by… Malaysia… So we can be happy for the palm oil part… we guess???

top emission
Table ranking top 10 emissions linked to deforestation
The main problem is actually our soil, because both our countries are covered in mainly peatlands. The soil in peatlands are more fertile, because it’s made up of moist organic materials (like dead leaves), and holds up to 28 times more carbon than your average… dirt.

 
Burning of peatlands releases huge amounts of carbon, and results in a deadly haze *stares at Indonesia*. Also, the fiery peats are very hard to put out, as they can burn from underneath instead of burning from above the ground. And the problem doesn’t go away just because we don’t burn it, or even if we try to pour gallons of water on it.

Peatlands are usually drained because planting is difficult when the ground is too soggy. But drained peatlands can still emit carbon because it naturally decompose! Once that happens, it will not only become infertile, but it also becomes easier to burn due to its dryness. But that’s not just the problem…

 

There might be thousands of forced child labor in palm oil estates

Not to downplay the importance of preserving biodiversity, but the rights of laborers and workers should draw equal attention with animals as well.

child labor
Screenshot from dol.gov
Malaysian palm oil is listed on the “United States Labor Department’s List of Goods Produced by Child or Forced Labor“. Numerous reports and investigations of child labor in Malaysian plantations have surfaced over the years. Findings say its normal for children to be working while receiving little or no pay. The situation might be more serious in East Malaysia, where there’s estimated to be 60,000 children with no documents in Sabah alone.

524a5d84949e6e7a4a89d24c24369585
Hey kid where are you from?
When asked by The Guardian about this, the Malaysian Palm Oil Board did not respond to them. The gomen has recently pledged RM5mil into investigation of the situation, and seek to remove ourselves from that list. Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong defended Malaysia by saying it’s normal for children to tag along, and denied that this is an issue in Malaysia. But… the minister might just be right.

“Children in estates working alongside their parents is a common occurrence in Indonesia.” – Andrew

“My recent work has led me to do social assessments on workers’ rights in palm oil estates (owned by major companies) in Malaysia. I don’t think labor violations are widespread but there ARE isolated incidents.” – Siew Lim
 

But actually, is it fair for palm oil to get this much flak?

Kelvin Tio, the managing director of Indonesian palm oil company Asian Agri makes an interesting point:

“Oil palm cultivation makes up only 5.5 per cent of the 260 million hectares of agricultural land used to grow edible oils around the world. Why does Europe not pass a ruling on other edible oils?” – Kelvin Tio, Managing Director of Indonesian palm oil company
This checks out with these statistics we found as well. While we don’t know if Kelvin’s claim is completely true, soy (which is the main competitor of palm oil) clears 480,000 hectares of forest yearly, as compared to the 270,000 hectares by palm oil.

In fact, vegetable oils aren’t even the main reason of botak-ing forests, that remains to be cattle farming, with destroys up to 2.71 million hectares of land yearly.

download (6)
Image from twitter user Lil Shaysap
But the problem was with our peatlands right?

Turns out, palm oil peatlands are the 2nd largest contributor of carbon emission in agriculture, first being the beef industry. But here’s the twist, palm oil is the most resource efficient to grow! Meaning it gives us more product compared to what we give it to grow. Compared to soy, palm oil can give 10 times the yield per hectare, making palm oil a very competitive product.

“Palm is one of the most productive crops on the planet, with the ability to grow in a remarkable range of places.” – Alan Townsend, Dean of the Nicholas School of the Environment at Duke University in an interview with ensia.com
So it’s possible to grow them elsewhere aside on peatlands, plus it also requires lowest pesticides and fertilisers in absolute terms.

 

Small-time farmers may have the biggest role to play

One aspect that is seldom addressed by the nay-sayers are the small time farmers. Smallholder farms are run by individual farmers that are planting on a small scale. While it’s good that the industry is providing them a way out of poverty, they might be the ones contributing most to the problem.

download (7)
Original image from japantimes.co
According to the RSPO, these small farms together account for 40% of the global palm oil output. While it’s easier for gomens to regulate and coordinate large companies, it’s more difficult to implement standards to scattered individual farmers living deep in the plantations. As they have less access to the resources and technology that is available, they still rely on traditional techniques that might be against sustainable practices, a good example would be the practice of “slash and burn“.

According to previous study mentioned, unregulated smallholders is a recognised trend across the agricultural industry that’s harming the environment.

“From having been caused mainly by smallholders and production for local markets, an increasing share of deforestation today is driven by large-scale agricultural production for international markets,” – Martin Persson, co-author of the research
 

Malaysian palm oil has come far, but there’s still long way to go

bp15-jy-palm-p1
Image from theborneopost.com
The demand for palm oil will likely continue to grow, as it is used widely in food products (such as Nutella), detergent, cosmetics and even as biofuels. In Malaysia, it’s a growing industry that employs and supports at least 600,000 people, and contributes 5-6% to our GDP, and it’s our fourth largest industry.

While we don’t know if EU’s actions is a personal attack on Malaysia’s palm oil industry (as claimed by MPOC CEO), our palm oil industry evidently has a huge negative environmental impact. But that can be corrected with enough control and enforcement. According to the MPOC, we have more than 15 laws and regulations aimed at keeping palm oil sustainable.

Dr.Kalyan_Sundram__CEO_of_MPOC_Malaysia n_along_with_YB.Datuk_Seri_Mah_Siew_Keo ng__Minister_of_Planta_442826-1
Datuk Seri Mah Siew Keong in an Indian press conference. Image from indiannewsandtimes.com
Malaysian agencies such as Malaysian Palm Oil Board, and Malaysian Palm Oil Council will continue to push for the expansion of sustainable palm oil and expand the industry, because we have been pushing for our own certification too! By end of the year, we’re hope to be sending Malaysian Sustainable Oil Palm (MSPO) to Europe. However, Andrew and Siew Lim have their doubts about the MSPO.

“We were also involved in a comparative study of RSPO and MSPO recently. I can say that if RSPO can’t get it right, MSPO has even less chances of getting it right.” – Siew Lim

“The MSPO in contrast is a far inferior standard. It lacks many of the safeguards for credibility RSPO has. NGOs are not welcomed and able to participate in governance, nor do the MSPO reflect the concerns or values of stakeholders, not even local ones.” – Andrew
So we’ll just have to wait and see what our combined forces with Indonesia can achieve in the Europe. To be fair, Malaysia has actually had a good track record, as we were the largest RSPO certified producers for awhile, so here’s hoping things work out for our dynamic duo.

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Re: CRUDE PALM OIL
« Reply #320 on: April 24, 2017, 07:28:37 AM »



棕油2450-2550波动
34点看 2017年4月24日
基于斋戒月的来临,推动需求量,原棕油期货本周的价格将徘徊在每吨2450令吉至2550令吉之间。

辉立期货(Phillip Futures)交易商吴大卫(译音)指出,随着印度和中东,对食用油得需求提高,推高棕油需求量。


“斋戒月让这两个区域的需求量大幅增加,料能看到出口棕油表现提升。”

船货验证机构Intertek Testing Services出口数据显示,4月1日至20日的棕油出口低于预期,更比去年同期减少1%。

吴大卫指,疲软的令吉表现料能带动原棕油期货价格,因为前者能使该食用油更便宜。


Offline zuolun

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Re: CRUDE PALM OIL
« Reply #321 on: April 24, 2017, 09:05:38 AM »
Europe moves to restrict import of unsustainable palm oil ~ 22 Apr 2017
http://blog.conservation.org/2017/04/europe-moves-to-restrict-import-of-unsustainable-palm-oil/

What if EU were to stop importing palm oil from Indonesia? ~ 17 Apr 2017
http://www.theedgemarkets.com/article/what-if-eu-were-stop-importing-palm-oil-indonesia

UFOP welcomes EU vote to exclude palm oil for biofuel use ~ 17 Apr 2017
http://www.biodieselmagazine.com/articles/2512847/ufop-welcomes-eu-vote-to-exclude-palm-oil-for-biofuel-use
The European Parliament supports the move to exclude palm oil as a raw material for energetic use from 2020, at the same time acknowledging the sustainability of biofuels made from oil plants (rapeseed and sunflower) grown within Europe.

Asian palm oil producers slam EU moves to restrict market access

Indonesia and Malaysia accuse EU of protectionism under guise of conservation concerns

By Simon Roughneen
April 17, 2017

JAKARTA -- Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.



Government ministers from Malaysia and Indonesia, along with some regional palm oil producers, met in Jakarta on April 11 to plan a response to a resolution approved on April 4 by European parliament members concerning "palm oil and deforestation."

The parliamentarians requested the EU to "introduce a single certification scheme for palm oil entering the EU market and phase out the use of vegetable oils that drive deforestation by 2020."

They hope for an EU-wide ban on biodiesel made from palm oil by 2020, claiming that the expansion of palm oil plantations, mostly in Southeast Asia, is causing "massive forest fires, the drying up of rivers, soil erosion, peatland drainage, the pollution of waterways and overall loss of biodiversity."

Indonesia's Environment and Forestry Minister Siti Nurbaya Bakar called the EU proposals an "insult," while the foreign ministry accused the EU of "protectionism" and of ignoring the rights of millions of Indonesian farmers whose main source of income is from small oil palm plots.

The growth in global demand for palm oil, which is used in a wide array of products from cosmetics and fuel to foods such as margarine and chocolate, has resulted in the massive clearing of forests, particularly in Indonesia, over the last 30 years. The slash and burn methods used on Sumatra and Borneo have led to forest and peatland fires that have enveloped Singapore and parts of Malaysia in a smoky haze that has spread as far as southern Thailand.

Images of orphaned baby elephants and orangutans rescued from cleared forests and plantations have spurred vigorous environmental activism and consumer awareness campaigns in recent years. Species such as the Sumatran elephant have been put on endangered lists, with the ensuing bad publicity forcing governments and palm oil companies to sign up for various national and international certification schemes to guarantee that palm oil products are not causing environmental damage.

But members of the European parliament argue that a single certification scheme is needed. "MEPs note that various voluntary certification schemes promote the sustainable cultivation of palm oil," but "their standards are open to criticism and are confusing for consumers," said a European parliament press release issued on April 4.

Southeast Asian pushback

In response, Indonesia's Agriculture Minister Andi Amran Sulaiman told reporters in Jakarta that "we cannot let Europe dictate Indonesia's agriculture. We have our own standard called Indonesia Sustainable Palm Oil."

Mah Siew Keong, the Malaysian plantation industries and commodities minister, said that "Malaysia too already has a national certification system." He noted that "only palm oil is subjected to certification while similarly produced vegetables oils are not subject to sustainability certification," asserting, "this is not fair."

With the Indonesia Oil Palm Producers Association executive director Fadhil Hasan calling on the government to "retaliate," mentioning wine, aircraft, perfume and pharmaceuticals as imports from Europe that Jakarta could target, the dispute over palm oil could undermine work started in July 2016 by the EU and Indonesia to move toward a free trade agreement, as well as disrupt longer-standing negotiations between the EU and Malaysia on a similar deal.

Indonesia is Southeast Asian's biggest economy and accounts for almost 40% of the total 620 million population of Southeast Asia. "European companies already provide 1 million jobs here in Indonesia and we hope it can grow," said EU Agriculture Commissioner Phil Hogan, during a Nov. 2016 trade mission visit to Jakarta.With tensions over palm oil threatening to undermine free trade negotiations, some European officials sought to play down some of the concerns raised by MEPs.

Jean-Charles Berthonnet, the French ambassador to Indonesia, described the MEP resolution as "unilaterally critical and moralizing" in an opinion article published in the Jakarta Post, though the ambassador agreed that a better certification system is needed.

"Deforestation is a very complex issue and I think we can agree on a number of points. But we need to take a broader look at deforestation because it is not caused only by the palm oil industry," said Karmenu Vella, the EU commissioner for environment, maritime affairs and fisheries.

Indeed, one recent agreement suggests that the EU and Indonesia can collaborate on preserving forests. In November 2016, Indonesia and the EU launched a licensing scheme that aimed to stop illegally logged timber from being exported from Indonesia -- the world's third biggest jungle area after Brazil and the Democratic Republic of the Congo -- to Europe, and in turn reduce deforestation across the archipelago. "Indonesia has shown true leadership and now sets a high standard for other countries to emulate," said Vincent Guerend, the EU ambassador to Indonesia, when the initiative was launched.

Signs of cooperation

But both sides will now have to come to terms over palm oil. The April 11 meeting of palm oil growers in Jakarta was convened to plan a negotiating strategy ahead of a possible meeting with European officials in May to discuss the proposed restrictions on palm oil.

"We will do whatever we can to convince the European parliament and European countries not to implement it," Darmin Nasution, Indonesia's coordinating minister for economic affairs, told reporters. "We will negotiate in full force," he added.

The European parliamentarians also accused the palm oil companies of not living up to their claims that their products are environmentally friendly. "Some companies trading in palm oil are failing to prove beyond doubt that the palm oil in their supply chain is not linked to deforestation, peatland drainage or environmental pollution, and to demonstrate that it has been produced with full respect for fundamental human rights and adequate social standards," the MEPs stated.

Anita Neville, vice president of corporate communications and sustainability relations at Golden Agri-Resources, a Singapore-based palm oil company that manages 480,000 hectares of Indonesian palm oil plantations, said that producers hoped that the EU would not back away from the use of palm oil. "If your motivation is to tackle deforestation and poverty, you need to stay in the game and demand sustainable palm oil," she said.

Malaysian palm oil producers Sime Darby and IOI announced in March they had joined the year-old Fire Free Alliance, which "focuses on fire prevention through community engagement." It includes environmental groups and major forestry and agriculture companies such as pulp and paper giant Asia Pacific Resources International and major palm oil players Musim Mas Group and Wilmar International.

The Indonesian government is backing the FFA, which so far supervises activity in just 200 villages covering roughly 1.5 million hectares of land. This amounts to just over a quarter of what the Indonesian government estimates are 731 villages in seven of Indonesia's 34 provinces where slash and burn clearances are undertaken.

Among those most affected by plantation expansion and deforestation in Indonesia is the country's indigenous population, which is seeking more rights over traditional lands in many places that overlap with some of the country's forests and plantations.

But granting such rights would likely make it more difficult to conduct agribusiness on up 8 million hectares of land claimed by indigenous peoples. This is seen as one reason why Indonesian President Joko Widodo belatedly cancelled a scheduled appearance at a March congress of indigenous leaders in northern Sumatra.

Rukka Sombolinggi, the newly elected head of the Indigenous Peoples Alliance of the Archipelago (AMAN), said she was not surprised at the president's reluctance to attend the event. But she added, "the problem is with the ministry of environment and forestry, they are the ones who are claiming our land as state land."

Her group contends that giving indigenous groups legal rights to their land is the best way to ensure that forest ecologies are preserved. Rukmini P. Toheke, a prominent activist for indigenous peoples from Palu in central Sulawesi, said: "For us the forest is 'katu vua,' or life itself." She added: "If we destroy the forests, we destroy our own lives."

U.S. to launch probe into Argentina, Indonesia biodiesel imports ~ 14 Apr 2017
http://www.reuters.com/article/us-usa-biodiesel-idUSKBN17F2Q1
Argentina is the world’s No. 1 exporter of soyoil, used to make biodiesel. Indonesia is the world’s top producer of palm oil, which can also be used to churn out the fuel. Both countries rely heavily on resource exports.


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Re: CRUDE PALM OIL
« Reply #322 on: April 24, 2017, 03:32:23 PM »




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Business NewsHome > Business > Business News
Monday, 24 April 2017
Planters target existing oil palm plantations
BY HANIM ADNAN

image: http://www.thestar.com.my/~/media/online/2017/04/24/02/12/plantations/plantations-copy1.ashx/?w=620&h=413&crop=1&hash=D37CBF4F7A0C67996C8B266821AA152BF7FCE209
Industry expert M.R. Chandran(inset filepic) said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene.  “Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.
Industry expert M.R. Chandran(inset filepic) said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene. “Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.
 
PETALING JAYA: There is increasing appetite for local plantation companies to acquire existing oil palm plantations to expand their hectarages.

Since late last year, local planters with deep pockets have been snapping up more brownfield oil palm plantations in Malaysia instead of greenfields as part of their landbank expansion and value creation.

Industry expert M.R. Chandran said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene.

“Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.

Last week, KUB Malaysia Bhd proposed to acquire 1,534ha brownfield oil palm plantation land in Sg Kinabatangan, Sabah.

Matang Bhd, meanwhile, has put in a bid for two parcels of leasehold oil palm land measuring about 4,219.79 acres, with a 60-tonne per hour palm oil mill in Raub, Pahang.

Boustead Plantations Bhd is also looking to acquire new plantation areas within Malaysia to compensate for the loss of its plantation land which were either sold or converted into property development.

Similarly, top planter Kuala Lumpur Kepong Bhd (KLK) is said to be eyeing for merger and acquisition targets in the plantation sector after its unsuccessful RM2.3bil takeover bid of London-listed MP Evans Plc last year.

It was recently reported that the company’s ideal target would be companies with brownfield plantation landbank of a decent age and good fresh fruit bunch yields.

Sibu-based Ta Ann Holdings Bhd paid RM211.14mil for a 100% stake in Agrogreen Ventures Sdn Bhd, which has 5,280ha of brownfield plantation land in Stungkor, Sarawak, in October last year.

According to Chandran, there could be quite a number of oil palm estates owned by small plantation companies in Indonesia and Malaysia that will be up for sale this year.

“As new players, many small planters cannot cope with the rising cost of production (COP). For start-ups, their COP could be as high as RM2,000 per tonne of crude palm oil (CPO), especially due to their young palm trees.

“Poor plantation management also saw many inefficient small estates not hitting their targeted 23-25 tonnes per ha per year in terms of yields,” added Chandran.

Meanwhile, most planters’ borrowings are in US dollars. Normally banks are more “friendly” if the price of CPO is trading between US$650-US$670 per tonne.

“However, if CPO fell below US$600 per tonne, then small planters will find it difficult to service their loans and some even may opt to sell their estates below the market valuation.”

This is especially so with the current price of CPO trading at RM2,531 (US$575.6) per tonne, said Chandran, adding that many small plantation companies in Sabah and Sarawak could be takeover targets of the big boys of the industry this year.

Back then in 2013-2014, the acquisition price for Sabah and Sarawak plantation land inclusive of palm oil mills ranged between RM75,000 and RM80,000 per ha.

“Now, these prices are no longer valid. I believe the plantation landbank price in Sabah has come down to about RM60,000-RM65,000 per ha,” Chandran pointed out.

In Peninsular Malaysia, the value for similar-sized oil palm estates is around 20% to 40% higher, depending on location.

As for Indonesia, over five million ha of oil palm land is said to be held by foreign investors, and they have poured over RM100bil in investments into the sector.

According to market analysts, Malaysian planters with more than 50% of planted land bank exposure to Indonesia include IJM Plantations Bhd (52%), KLK (53.2%), and Genting Plantations Bhd (72%), followed by Sime Darby Bhd at about 38%, Felda Global Ventures Holdings Bhd at 5.9% and IOI Corp Bhd at 7.2%.

TAGS / KEYWORDS:
Plantations , Palm Oil , Commod

Read more at http://www.thestar.com.my/business/business-news/2017/04/24/planters-target-existing-oil-palm-plantations/#PAD72aQK5015X98B.99

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Re: CRUDE PALM OIL
« Reply #323 on: April 25, 2017, 09:51:38 AM »



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21/4/17

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Re: CRUDE PALM OIL
« Reply #324 on: April 26, 2017, 09:39:37 AM »



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Re: CRUDE PALM OIL
« Reply #325 on: April 26, 2017, 11:42:09 AM »
Ringgit edges up to 5-month high against US dollar ~ 26 Apr 2017
http://www.thesundaily.my/news/2017/04/26/ringgit-edges-5-month-high-against-us-dollar
The ringgit, which was the top gainer among regional currencies, appreciated 0.65% yesterday against the US dollar to 4.3695 at 5pm from 4.3980 last Friday’s close. Year to date, the ringgit has strengthened 2.56% against the greenback.

Malaysian palm oil price sees steepest fall in 1 week on stronger ringgit ~ 26 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/26/palm-sees-steepest-fall-in-1-week-on-stronger-ringgit-output-concerns/
Palm oil contract for July dropped 1.7% to RM2,486 (US$569.01) a tonne at the midday break, its biggest fall since April 17.

Crude Palm Oil ~ 23 Apr 2017
  • Palm oil for July shed 0.94% on Friday, closed at RM2,528, RM24 lower, compared to RM2,552 recorded last Friday.
  • Immediate resistance at RM2,600, immediate  support at RM2,400.

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Re: CRUDE PALM OIL
« Reply #326 on: April 26, 2017, 12:24:07 PM »



MALAYSIA
Technicals
Palm oil may retest resistance at RM2,542
Reuters
/
Reuters

April 26, 2017 11:01 am MYT

-A+A
SINGAPORE (April 26): Palm oil may retest a resistance at RM2,542 as its bounce from the April 19 low of RM2,450 has not completed yet.

The resistance is identified as the 23.6% Fibonacci retracement of the downtrend from the March 22 high of RM2,839 to the April 19 low of RM2,450.

The bounce comprises three waves. So far, only two have completed, the third wave labelled c may travel to RM2,542.

A break below RM2,450 could cause a loss to RM2,408, the 214.6% Fibonacci projection level of a downward wave c from the March 22 high of RM2,839.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #327 on: April 26, 2017, 04:10:16 PM »



Vegoils
Palm falls for second day on output concerns
Reuters
/
Reuters

April 26, 2017 15:23 pm MYT

-A+A
KUALA LUMPUR (April 26): Malaysian palm oil futures fell on Wednesday, heading for a second straight session of decline on concerns over rising output amid weak demand.

Also weighing on markets was a stronger ringgit. The ringgit, the currency in which palm oil is traded, rose 0.4% against the dollar to its strongest level in over five months.

A stronger ringgit makes the vegetable oil more expensive for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange had declined 0.2% to RM2,480 a tonne by the midday break.

Traded volumes stood at 14,543 lots of 25 tonnes each at noon.

"The market is anticipating a bigger production, and this is happening without strong exports," said a trader based in East Malaysia, adding that the continued strength in the ringgit added to the decline in palm prices.

Production of the tropical oil in Indonesia and Malaysia, which account for more than 80% of total global output, is seen rising in the coming months, in line with the seasonal trend and as the lingering effects of a crop-damaging El Nino wear off.

However, cargo surveyor data showed weaker exports during April 1-25, despite the upcoming season of Ramadan, a holy month of day-long fasting and feasting for Muslims across the world that begins end-May and which spurs higher palm oil demand for cooking.

Intertek Testing Services reported a 3.4% drop in Malaysian shipments from the corresponding period of the previous month, while Societe Generale de Surveillance showed a 1.2% decline.

Palm oil may retest a resistance at RM2,542, 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 slipped 0.1%, while the September soybean oil contract on the Dalian Commodity Exchange fell 0.1%.

The September contract for palm olein dropped 0.04%.

Palm, soy and crude oil prices at 0530 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         MAY7       2636     +2.00      2635      2655       143
MY PALM OIL         JUN7       2547     -3.00      2544      2558      1758
MY PALM OIL         JUL7       2480     -6.00      2479      2497      8851
CHINA PALM OLEIN    SEP7       5114     -2.00      5078      5132    330428
CHINA SOYOIL        SEP7       5834     -6.00      5806      5852    287708
CBOT SOY OIL        JUL7      31.82     -0.01     31.75     31.86      2562
INDIA PALM OIL      APR7     516.70     +0.20    516.30     516.8        34
INDIA SOYOIL        MAY7        611     -1.60     609.8    613.65      6160
NYMEX CRUDE         JUN7      49.54     -0.02     49.19     49.55     22180
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.3520)
(US$1 = 63.9900 Indian rupees)
(US$1 = 6.8854 Chinese yuan)

Offline zuolun

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Re: CRUDE PALM OIL
« Reply #328 on: April 26, 2017, 07:12:28 PM »
How Indonesia aims to make palm oil sustainable ~ 26 Apr 2017
http://indonesiaexpat.biz/business-property/indonesian-palm-oil-certification/

Domestic edible oil producers to cut prices by 15% ~ 26 Apr 2017
http://www.business-standard.com/article/markets/domestic-edible-oil-producers-to-cut-prices-by-15-117042500687_1.html
Meanwhile, the benchmark crude palm oil (CPO) price declined by 18% so far this calendar year to trade currently at RM2669 a tonne on bumper output globally. The Germany based edible oil analyst Thomas Mielke forecasts the world to see an additional 5.5 million tonnes of CPO output this year with Malaysia and Indonesia to witness 2.53 million tonnes (to 19.85 million tonnes) and 3 million tonnes (to 35 million tonnes) respectively of more CPO production in 2017.



Palm oil strategy – an alternate opinion ~ 25 Apr 2017
http://www.thesundaily.my/news/2017/04/25/palm-oil-strategy-%E2%80%93-alternate-opinion

Review palm oil strategy ~ 19 Apr 2017
http://www.thesundaily.my/news/2017/04/19/review-palm-oil-strategy


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Re: CRUDE PALM OIL
« Reply #329 on: April 27, 2017, 06:26:20 AM »



Wednesday, 26 April 2017 | MYT 10:01 PM
Malaysia, Indonesia to counter EU decision to ban palm oil-based biofuel
image: http://www.thestar.com.my/~/media/online/2017/04/26/14/04/dcx_doc6tvqzm89yn613pu1ximz.ashx/?w=620&h=413&crop=1&hash=4C775BA59B360349DE5D7427B62E49BB1AD2331E
A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation.
A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation.
 
PUTRAJAYA: Malaysia and Indonesia will send a joint mission to Europe next month to counter the European Union (EU) resolution which proposed to curb the use of oil palm-based biofuel by 2020.

Plantation Industries and Commodities Minister Datuk Mah Siew Keong said he would be going to Europe with Indonesian Coordinating Minister for Economic Affairs Darmin Nasution next month in a bid to stall the resolution.

Speaking to reporters after attending the ministry’s Excellent Service Awards in Putrajaya on Wednesday, Mah said the EU resolution had been discussed at the Cabinet level.

“The Cabinet feels that the resolution is unfair. I have been instructed by the prime minister to go to Europe to talk to the EU lawmakers and officials,” he said.

Mah said Datuk Seri Najib Tun Razak was also expected to discuss the EU resolution with Indonesian President Joko Widodo in the nearest future.

A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation. The resolution includes palm oil.

The resolution might affect the exports of palm oil to European and other developed countries.

Meanwhile, Mah said palm oil exports increased 28.5% to RM22.8bil for the January-February period this year from the same period a year ago. - Bernama
 
TAGS / KEYWORDS:
Palm Oil , Malaysia , European Union

Read more at http://www.thestar.com.my/business/business-news/2017/04/26/malaysia-and-indonesia-to-counter-eu-resolution-to-phase-out-biofuel-usage/#28yLMx5rBIA4L9re.99

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Re: CRUDE PALM OIL
« Reply #330 on: April 27, 2017, 06:36:03 AM »



国內  2017年04月26日
议案歧视棕油 马或抵制欧盟產品

833
议案歧视棕油 马或抵制欧盟產品

(布城26日讯 )种植及原產业部长拿督斯里马袖强表示,內阁已指示他针对欧盟《棕油与雨林及森林砍伐议案》採取任何形式的反击行动,包括以牙还牙抵制欧盟產品。

欧盟是我国最大的棕油產品出口目的地,但马袖强指出,大马也是欧盟產品的其中一个市场,若欧盟做出这种歧视性的议决,大马也將採取行动对抗这个不公平的措施。

「若欧盟停止购买棕油產品,我確定,大马也购买了欧盟许多產品,如飞机等,所以这是双面的事,若他们对我们採取不公平的行动,我们也將会採取行动以牙还牙。」

他今日出席种植及原產业部2016年杰出服务颁奖礼后,对记者如是说。


他说,內阁非常关注欧盟通过的这项歧视棕油业的议案,首相拿督斯里纳吉以指示他採取任何行动进行反击。

首相將晤印尼总统

「这是一个歧视,因为大马不会隨意焚烧森林,我们的棕油业是永续经营的。」

他解释,欧盟议会认为油棕是导致焚烧或砍伐森林的主要因素,因此才决定通过《棕油与雨林及森林看法议案》,落实所有进口欧盟的棕油產品需获得欧盟认证的政策。

同时,在该议案下,欧盟也全面抵制以棕油製成的生物柴油,爭取在2020年达成无生物柴油目標。

马袖强指出,原產业部和国际贸易及工业部將与总检察署討论是否採取法律行动,以抗议欧盟通过歧视棕油出產国的议案。

「首相指示我,可採取任何有必要的行动,以確保欧盟了解到大马对此课题的认真態度,我们会坚决反抗这种不公平的政策。」

他补充,首相拿督斯里纳吉將在本週前往印尼,並会与印尼总统商討此事,而他也会在5月前往欧盟议会进行说明。

他表示,大马目前已有大马永续棕油证书(MSPO),必须要让欧盟了解此认证是高標准的认证。

「他们(欧盟)是消费者而不是出產国,欧盟的认证中可能出现不可能达成的条件,不符合大马国情。」

他举例,欧盟棕油认证中禁止小孩进入油棕园,但实际上在大马,父母携带孩子进入油棕园以就近照顾是非常平常的事。

他补充,大马此前也宣佈所有棕油业者也厂商需申请大马永续棕油证书,欧盟应该认同该证书乃有水准的认证。


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Re: CRUDE PALM OIL
« Reply #331 on: April 27, 2017, 09:57:12 AM »



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26/4/17

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Re: CRUDE PALM OIL
« Reply #332 on: April 27, 2017, 02:47:19 PM »




Palm hits near two-week high tracking rival oils
Reuters
/
Reuters

April 27, 2017 14:07 pm MYT

-A+A
KUALA LUMPUR (April 27): Malaysian palm oil futures hit a two-week high on Thursday, in line for a second session of gains, as it tracked stronger performing-related oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.8% to 2,534 ringgit (US$583.47) a tonne by the midday break. Earlier in the session, it hit 2,545 ringgit, its strongest since April 14.
 
Traded volumes stood at 18,193 lots of 25 tonnes each at noon.

"Despite all the bearish news of stronger production and flat exports, the market is trading in the opposite direction tracking soyoil and the Dalian market," said a futures trader from Kuala Lumpur.

The ringgit, palm's traded currency which had strengthened and weighed on palm prices since the start of the week, also weakened on Thursday, removing some pressure off from palm.

The ringgit rose to its strongest in five months earlier in the session, but later weakened 0.1% against the dollar, making palm oil cheaper for holders of foreign currencies.

In related vegetable oils, soybean oil on the Chicago Board of Trade rose as much as 0.6%, while the September soybean oil contract on the Dalian Commodity Exchange gained up to 1.1%.

The September contract for palm olein jumped as much as 2.1%.   

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

Palm oil may extend its gain to a resistance at 2,542 ringgit, as its bounce from the April 19 low of 2,450 ringgit has not completed, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

 Palm, soy and crude oil prices at 0505 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   MAY7   2703   +39.00   2674   2726   1491
MY PALM OIL   JUN7   2608   +26.00   2592   2619   1814
MY PALM OIL   JUL7   2534   +20.00   2521   2545   8272
CHINA PALM OLEIN   SEP7   5200   +92.00   5134   5216   403730
CHINA SOYOIL   SEP7   5878   +44.00   5844   5898   406252
CBOT SOY OIL   JUL7   32.29   +0.13   32.15   32.34   3917
INDIA PALM OIL   APR7   519.00   +0.80   518.50   519   25
INDIA SOYOIL   MAY7   614.65   +0.10   614.2   615.2   1270
NYMEX CRUDE   JUN7   49.36   -0.26   49.18   49.43   14157
 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 = 4.3430 ringgit)
(US$1 = 64.0950 Indian rupees)
(US$1 = 6.8960 Chinese yuan)   

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Re: CRUDE PALM OIL
« Reply #333 on: April 28, 2017, 06:54:33 AM »



蔡智勇:若欧盟限进口
冲击50万油棕小园主
61点看 2017年4月28日
 
玛丽亚卡斯蒂萝(左起)、罗伯托本特罗、蔡智勇及丽贝卡,一起推介2017年欧盟-马来西亚工商会贸易课题和建议书。

(吉隆坡27日讯)国际贸易及工业部副部长拿督蔡智勇指出,大马棕油是欧盟主要进口的原产品,也是我国其中一个主要的出口领域,若欧盟限制进口我国棕油,相信我国会有近50万名小园主的生计深受影响。


他说,欧盟议会日前的议案,并不是要完全禁止棕油出口到欧盟。

“更关注的是,它是否会实施额外的关税措施。”

蔡智勇今日为大马-欧盟贸易与投资研讨会主持开幕,并推介2017年欧盟-马来西亚工商会(EUMCCI)贸易课题和建议书后,针对欧盟议会最近议决要在2020年逐步淘汰某些植物油,包括棕榈油的议案一事,发表谈话。

与欧盟大使洽谈

无论如何,他说,欧盟国会的议决,对欧盟成员国不具有约束力。

他指称,贸工部会继续监督此课题的走势,同时与欧盟驻马大使接洽商讨解决对策,以免影响双边贸易。

马欧自贸协定将恢复谈判

蔡智勇也指出,马来西亚-欧盟自由贸易协定自2012年搁置后,将会重新恢复谈判自贸协定。

双方有意愿谈判

“到时,在大马-欧盟自贸协定中,我们将会把它(欧盟议会停用棕油议案)加入谈判内。”

他指出,贸工部长和欧盟贸易委员会都有意愿,要恢复大马-欧盟自贸协定的谈判,而两国刚于上个月10日开始接触。

“我无法确定自贸协定几时会完成,大马-欧盟自贸协定是大马政府继区域全面经济伙伴关系协定(RCEP)外,最看重的一个自贸协定。”

英国脱欧不影响双边贸易

针对英国脱欧后,欧盟与大马的经贸会否受到影响,新任欧盟驻马大使玛丽亚卡斯蒂萝认为,英国脱欧不会影响欧盟与大马的双边贸易关系。

“大马在欧盟的经贸和投资不会改变,我们(欧盟)将会继续成为马来西亚第三大贸易伙伴。”

去年,大马与欧盟的双边经贸总额升0.4%至1491亿令吉;在今年1月,大马与欧盟的双边贸易则按月扬升9.7%至129亿令吉。


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Offline zuolun

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Re: CRUDE PALM OIL
« Reply #334 on: April 28, 2017, 08:09:31 AM »
Palm dragged from two-week high by profit-taking ~ 27 Apr 2017
http://www.theedgemarkets.com/article/palm-dragged-two-week-high-profit-taking
Palm oil July was down 0.3% at RM2,506 (US$576.75) a tonne by the close, having touched its strongest since April 14 at RM2,545.

Palm oil production, development and the environment ~ 27 Apr 2017
http://www.euractiv.com/section/development-policy/opinion/palm-oil-production-development-and-the-environment/
Europe’s well-meaning attempts to improve the sustainability of palm oil production may be having the opposite effect, writes Hiroko Shimizu.

The world's most hated vegetable oil might be about to come good ~ 26 Apr 2017
http://bigthink.com/stephen-johnson/a-small-plastic-device-could-transform-the-oil-palm-industry



Palm oil prices have scope for recovery - short-term ~ 26 Apr 2017
http://www.agrimoney.com/news/palm-oil-prices-have-scope-for-recovery---short-term--10667.html

Indonesia March palm oil output likely rebounde - Reuters surveyd ~ 25 Apr 2017
http://www.cnbc.com/2017/04/25/reuters-america-indonesia-march-palm-oil-output-likely-rebounded--reuters-survey.html


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Re: CRUDE PALM OIL
« Reply #335 on: April 28, 2017, 09:57:43 AM »



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27/4/17

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Re: CRUDE PALM OIL
« Reply #336 on: April 28, 2017, 01:44:49 PM »



埃尔尼诺或重临
棕油价跌势放缓
237点看 2017年4月28日
(吉隆坡27日讯)尽管原棕油价格于去年杪达每吨3100令吉后,至今持续滑落,市场认为,下半年可能发生埃尔尼诺(El Nino)气候效应,加上劳工短缺,有望抑制目前价格的跌势。

联昌国际投行研究种植研究主管吴爱薇(译音)指出,由于市场预期供应量增多,让原棕油价格下跌。


若走势相反,原棕油价格的跌势料受到压抑。

“能够影响价格,让它回升的因素,包括气候和员工,这两者可能会为该价格于未来起扶持作用。”

她提到,气象预测专家预料,埃尔尼诺将在今年下半年重现。

埃尔尼诺前年到去年出现,使棕油产量减至6年低点,也让印尼产量出现20年来首次锐减。

随后我国的原棕油产量开始逐步回升,今年3月更出现高达20%的按年增幅。

Rabo研究食品和农业高级分析员奥斯卡认为:“埃尔尼诺确实是支撑棕油价格的主要因素。虽然不确实是否将在未来6至8个月内发生,但关键是气候效应持续多久。”

劳工短缺冲击产量

另一方面,员工短缺也是将激励原棕油期货价格。

目前,我国在聘请外劳,尤其是来自印尼外劳困难重重,因为印尼本身也开始发展种植业务,且薪资和待遇良好。

印尼籍员工占了我国种植业共50万名国外劳动人口中的80%。

据大马园主工会(MEOA)数据,员工短缺已导致去年鲜果串产量减少10%至20%。

著名植物油分析员米斯里预测:“在来临的7月至11月棕油收割高峰期,大马可能因员工短缺,原棕油产量减少5%,或约40万吨。”

原棕油7月期货今天收在2505令吉,跌9令吉。


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Re: CRUDE PALM OIL
« Reply #337 on: May 02, 2017, 09:01:43 AM »



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28/4/17

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Re: CRUDE PALM OIL
« Reply #338 on: May 02, 2017, 11:40:14 AM »



MALAYSIA
Malaysia's April 1–30 palm oil exports rise 4.6% on month — ITS
Reuters
/
Reuters

May 02, 2017 11:12 am MYT

-A+A
KUALA LUMPUR (May 2): Exports of Malaysian palm oil products for April 1–30 rose 4.6% to 1,125,942 tonnes, compared with 1,076,240 tonnes during the March 1–31 period, cargo surveyor Intertek Testing Services said on Tuesday.

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Re: CRUDE PALM OIL
« Reply #339 on: May 02, 2017, 03:23:59 PM »



MALAYSIA
Vegoils
Palm gains on strong export demand, higher soyoil prices
Reuters
/
Reuters

May 02, 2017 14:15 pm MYT

-A+A
KUALA LUMPUR (May 2): Malaysian palm oil futures rose in early trade on Tuesday and were set for a second consecutive day of gains, helped by strong export data and firmer soyoil prices.   

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.9% at RM2,530 a tonne by the midday break.     

Traded volumes stood at 9,696 lots of 25 tonnes each at noon.

Palm had fallen for three consecutive weeks on expectations of rising output and weaker-than-expected export demand.

"The market was expecting exports to be unchanged (from the previous month) or even lower," said a Kuala Lumpur-based futures trader.

Palm oil export demand declined in early April, as per cargo surveyor data, despite the upcoming Muslim fasting month of Ramadan at end-May. The festival sees a higher usage of palm oil for cooking purposes, as Muslims end day-long fasts with communal feasting.

Shipments of the tropical oil however improved for the full month of April, rising 4.6% from March, according to Intertek Testing Services on Tuesday.

Stronger performing soyoil also lent support to palm prices, the trader added.

Palm oil prices track other related edible oils, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade climbed as much as 0.4%, while the September soybean oil contract on the Dalian Commodity Exchange was up 1.2%.

In related vegetable oils, the September contract for palm olein gained 1.6%.

Palm oil may test a support at RM2,477 per tonne, a break below which could cause a loss to RM2,450, according to Reuters market analyst for commodities and energy technicals Wang Tao.   

Palm, soy and crude oil prices at 0544 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         MAY7       2710    +16.00      2700     2726         79
MY PALM OIL         JUN7       2615    +23.00      2605     2616        754
MY PALM OIL         JUL7       2530    +22.00      2524     2539       6027
CHINA PALM OLEIN    SEP7       5240    +84.00      5192     5268     234438
CHINA SOYOIL        SEP7       5892    +68.00      5838     5910     284818
CBOT SOY OIL        JUL7       32.3     +0.16     32.07    32.38       4849
INDIA PALM OIL      MAY7     492.00     -0.10    491.70      494        164
INDIA SOYOIL        MAY7      613.5     +3.05     612.7      615       2610
NYMEX CRUDE         JUN7      48.65     -0.19     48.62    48.80      16083
Palm oil prices in Malaysian ringgit per tonne
BOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.3260)
(US$1 = 64.1825 Indian rupees)
(US$1 = 6.8951 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #340 on: May 03, 2017, 10:07:46 AM »



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2/5/17

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Re: CRUDE PALM OIL
« Reply #341 on: May 04, 2017, 06:12:00 AM »



Thursday, 4 May 2017 | MYT 12:44 AM
Malaysian palm oil price posts biggest intraday fall in a week on stronger ringgit
image: http://www.thestar.com.my/~/media/online/2017/02/21/01/09/palm-oil.ashx/?w=620&h=413&crop=1&hash=5636219193E382EB5197850BDE4934625F251D66
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three  sessions.  Traded volumes stood at 37,684 lots of 25 tonnes each.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three sessions. Traded volumes stood at 37,684 lots of 25 tonnes each.
 
KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, posting their biggest intraday drop in a week as the ringgit strengthened and made the vegetable oil more expensive for holders of other currencies.

The ringgit, the currency in which palm oil is traded, hit its strongest level in five-and-a-half months at 4.3100 per dollar. It was last quoted 0.2 percent stronger at 4.3170.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three  sessions.

Traded volumes stood at 37,684 lots of 25 tonnes each.

"The stronger ringgit contributed to the market's decline," said a futures trader from Kuala Lumpur, even after cargo surveyor data showed April exports came in above forecasts.

Data from cargo surveyors on Tuesday showed shipments of the tropical oil rising between 4.3 percent and 4.6 percent month-on-month in April.

Palm oil demand usually rises before the Muslim fasting month of Ramadan, which comes at the end-May this year. The festival sees a higher usage of palm oil for cooking.

In other related vegetable oils, soybean oil on the Chicago Board of Trade declined 0.4 percent, while the September soybean oil contract on the Dalian Commodity Exchange was up 0.1 percent.

Palm oil prices are typically hit by other related edible oils, as they compete for a share in the global vegetable oils market. - Reuters

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

Read more at http://www.thestar.com.my/business/business-news/2017/05/04/palm-posts-biggest-intraday-fall-in-a-week-on-stronger-ringgit/#V38SlWQSMfrfD2DZ.99

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Re: CRUDE PALM OIL
« Reply #342 on: May 04, 2017, 10:56:07 AM »



MALAYSIA
Technicals
Palm oil biased to break support at RM2,507
Reuters
/
Reuters

May 04, 2017 10:16 am MYT
-A+A
SINGAPORE (May 4): Palm oil is biased to break a support at RM2,507 per tonne and fall to the next support at RM2,477, as it failed to break a resistance at RM2,542.

The resistance is provided by the 23.6% Fibonacci retracement on the downtrend from the March 22 high of RM2,839 to the April 19 low of RM2,450.

The break above the resistance on Wednesday proved false. The pullback towards the trendline falling from the March 22 high of RM2,839 also extended too much. The former target at RM2,599 will be resumed should palm oil stand firm above RM2,542.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #343 on: May 04, 2017, 11:14:36 AM »



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3/5/17

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Re: CRUDE PALM OIL
« Reply #344 on: May 04, 2017, 04:07:35 PM »



Vegoils
Palm rebounds on weaker ringgit, stronger soyoil
Reuters
/
Reuters

May 04, 2017 15:19 pm MYT

-A+A
KUALA LUMPUR (May 4): Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.

The ringgit, palm oil's traded currency, weakened 0.1% to reach 4.3120 against the US dollar around noon. A weaker ringgit typically makes the tropical oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.4% to RM2,531 a tonne by the midday break, in line for a third gain in four sessions.       

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Traded volumes stood at 10,650 lots of 25 tonnes each at noon.

"A weaker ringgit and better soybean complex is supporting the market today," said a futures trader from Kuala Lumpur, referring to the gains in palm's rival oilseed soy on the Chicago Board of Trade.

"However, there is underlying fundamental weakness due to build-up in April stocks and expectation of higher production which may cap the market's upside," he said.

Palm oil output in Malaysia, the world's second-largest producer of the tropical oil, typically sees seasonal gains during the second and third quarters of the year.

Production for April is expected to rise on-month as the lingering effects of the crop damaging El Nino wear off, traders said.

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

Soybean oil on the Chicago Board of Trade rose 0.3%, while the September soybean oil contract on the Dalian Commodity Exchange was down 0.4%.

In other related vegetable oils, the September contract for palm olein fell 0.9%.

Palm, soy and crude oil prices at 0457 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         MAY7       2719    +14.00      2701      2735       110
MY PALM OIL         JUN7       2618    +10.00      2600      2622       475
MY PALM OIL         JUL7       2531     +9.00      2511      2535      5742
CHINA PALM OLEIN    SEP7       5188    -46.00      5132      5218    342892
CHINA SOYOIL        SEP7       5866    -24.00      5810      5870    401718
CBOT SOY OIL        JUL7      32.65     +0.12     32.52     32.67      2418
INDIA PALM OIL      MAY7     491.20     +2.20    489.30     491.4       138
INDIA SOYOIL        MAY7      617.2     +4.70       614     618.7      5850
NYMEX CRUDE         JUN7      47.70     -0.12     47.59     47.75     16260
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.3210)
(US$1 = 64.2100 Indian rupees)
(US$1 = 6.8930 Chinese yuan)

 

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Re: CRUDE PALM OIL
« Reply #345 on: May 05, 2017, 06:19:24 AM »



Friday, 5 May 2017 | MYT 12:24 AM
Malaysian palm oil price rebounds on weaker ringgit, stronger soyoil
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
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions.  Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions. Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in  a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.

The ringgit, palm oil's traded currency, weakened 0.2 percent to reach 4.3260 against the dollar in the evening. A weaker ringgit typically makes the tropical oil cheaper for holders of foreign  currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions.

Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.

"A weaker ringgit and better soybean complex is supporting the market today," said a futures trader from Kuala Lumpur, referring to the gains in palm's rival oilseed soy on the Chicago Board of Trade.

"However, there is underlying fundamental weakness due to build-up in April stocks and expectation of higher production which may cap the market's upside," he said.

Palm oil output in Malaysia, the world's second-largest producer of the tropical oil, typically sees seasonal gains during the second and third quarters of the year.

Production for April is expected to rise on-month as the lingering effects of the crop damaging El Nino wear off, traders said.

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

Soybean oil on the Chicago Board of Trade was slightly down 0.03 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 fell 0.5 percent. - Reuters

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

Read more at http://www.thestar.com.my/business/business-news/2017/05/05/palm-rebounds-on-weaker-ringgit-stronger-soyoil/#VxkpxDYF4coAoI09.99

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Re: CRUDE PALM OIL
« Reply #346 on: May 05, 2017, 08:53:46 AM »



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4/5/17

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Re: CRUDE PALM OIL
« Reply #347 on: May 05, 2017, 03:23:35 PM »



oils
Palm dips on weaker crude oil, seen range-bound
Reuters
/
Reuters

May 05, 2017 14:16 pm MYT

-A+A
KUALA LUMPUR (May 5): Malaysian palm oil futures dipped in early trade on Friday, weighed down by a drop in crude oil prices, but a weaker ringgit limited losses.

The ringgit, the tropical oil's currency of trade, weakened 0.2% to 4.3350 against the US dollar around noon.

A weaker ringgit typically makes palm oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.1% at RM2,534 a tonne by the midday break.

Traded volumes stood at 13,262 lots of 25 tonnes each at noon.

"The market fell on the sharp drop in crude oil, but the weak ringgit limited its downside," said a futures trader from Kuala Lumpur, adding that the market was in a trading range pending official data release from the Malaysian Palm Oil Board (MPOB) next week.

April-end stocks are seen rising 6.2% on-month to 1.65 million tonnes, according to a Reuters poll of eight traders, analysts and planters.

Production is likely to gain 8.8% to 1.59 million tonnes, while exports are forecast to reach 1.31 million tonnes, up 3.2% from March.

Palm oil prices are impacted by the movements of crude oil, which fell about 3% on Friday due to oversupply concerns.

The tropical oil is used as a component of biodiesel, a fuel substitute for crude oil.

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

Meanwhile, the September contract for palm olein was up 0.6%.

Palm, soy and crude oil prices at 0512 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         MAY7       2730     +0.00      2725     2750        505
MY PALM OIL         JUN7       2637     +4.00      2626     2647       1834
MY PALM OIL         JUL7       2534     -2.00      2529     2550       7896
CHINA PALM OLEIN    SEP7       5216    +32.00      5160     5250     519454
CHINA SOYOIL        SEP7       5828    -18.00      5782     5860     475324
CBOT SOY OIL        JUL7       32.4     +0.00     32.34    32.59       3023
INDIA PALM OIL      MAY7     489.80     -0.60    489.00    490.3        169
INDIA SOYOIL        MAY7      615.1     -3.00       615      618       1540
NYMEX CRUDE         JUN7      44.19     -1.33     43.76    45.64      96355
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel

(US$1 = RM4.3350)
(US$1 = 64.3075 Indian rupees)
(US$1 = 6.8947 Chinese yuan)

Online king

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Re: CRUDE PALM OIL
« Reply #348 on: May 06, 2017, 07:22:28 AM »



Saturday, 6 May 2017 | MYT 6:56 AM
Malaysian palm oil price rebounds in evening trade on weaker ringgit
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 July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5.  It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December.  Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5. It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December. Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.
 
KUALA LUMPUR: Malaysian palm oil futures recovered from losses seen earlier in the day, rising for a second consecutive day on Friday as they tracked a weaker performing ringgit and as traders short covered ahead of the weekend.

The ringgit, the tropical oil's currency of trade, weakened 0.2 percent to 4.3350 against the dollar in the evening. A weaker ringgit typically makes palm oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5.

It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December.


image: http://bcp.crwdcntrl.net/5/c=5593/b=39786223


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Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.

"The market rose because of the weaker ringgit, and also on  short covering ahead of the weekend," said a Kuala Lumpur based futures trader.

The market was earlier down tracking a sharp drop in crude oil, and also saw some range trading pending official data release from the Malaysian Palm Oil Board (MPOB) next week.

April-end stocks are seen rising 6.2 percent on-month to 1.65 million tonnes, according to a Reuters poll of eight traders, analysts and planters.

Production is likely to gain 8.8 percent to 1.59 million tonnes, while exports are forecast to reach 1.31 million tonnes, up 3.2 percent from March.

In other related vegetable oils, soybean oil on the Chicago Board of Trade rose 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange was down 0.6 percent.

Meanwhile, the September contract for palm olein was up 0.3 percent. - Reuters

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

Read more at http://www.thestar.com.my/business/business-news/2017/05/06/palm-oil-sees-rebounds-in-evening-trade-on-weaker-ringgit/#SJeO3YWKlF1oAEHg.99

Offline zuolun

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Re: CRUDE PALM OIL
« Reply #349 on: May 06, 2017, 04:34:20 PM »
Chemical Tankers: Edible oil markets on a downward path, no support expected ~ 6 May 2017
http://www.hellenicshippingnews.com/chemical-tankers-edible-oil-markets-on-a-downward-path-no-support-expected/
  • The palm oil markets remains very weak with further decreases on rates both in both regional and long-haul shipments.
  • The Malaysian palm oil council has announced that it will lower its crude palm export tax to 7% in May, down from 7.5% in April.
  • A resolution by the European Parliament, recently called for the EU to phase out by 2020 the use of palm oil and vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation.
  • The EU is Malaysia’s second-largest export market, accounting for 2,059,207 tonnes of palm oil products in 2016. 30% of this amount is used in biodiesel.
  • In an initial effort to oppose that, Malaysia and Indonesia will send a joint mission to Europe next month to counter the European Union resolution.


Palm oil: Neutral in RM2,507 - RM2,542 range ~ 5 May 2017
http://timesofindia.indiatimes.com/business/international-business/palm-oil-neutral-in-2507-2542-ringgit-range/articleshow/58524987.cms
  • The range is formed by the 14.6% and the 23.6% Fibonacci retracements of the downtrend from the March 22 high of RM2,839 to the April 19 low of RM2,450.
  • A break above RM2,542 will open the way towards RM2,599, while a break below RM2,507 could cause a loss to RM2,450 - RM2,477.
  • Wave pattern suggests a downside bias, as the bounce from RM2,450 seems to have been driven by a wave 4, which will be totally reversed by a downward wave 5.