MPOB September—End-month stocks fell much lower than expected falling by 6.99% to 1.746 million tons from August compared to market expectation of –0.50 to -2.50%. Stocks plunged after production stayed flat (-0.39%), imports declined by 17.96% while export surged within expectation by 36.83% to the highest in 9 months, and domestic consumption hiked up 23.54% to 312,592 tons—the highest in 4 months.
Malaysian prices—CPO futures hit record high prices three…
Indonesian prices—Indonesian tender prices added Rp.624 gain to Rp.13,439/kg week-on-week average…
CPO-GO spread stay elevated at US$450-500 keeping biodiesel blend upgrade plans on hold—CPO spread to gas oil (GO) has stayed mostly between…
September MPOA production emerge lower than predicted by polls – Malaysia September CPO production fell 1.44% to 1.68 million tons month-on-month according to MPOA data in contrast to poll prediction of a rise of 1.60-2.80%. MPOA data which covers 2 million hectares or 36% of oil palm planted area in Malaysia showed slack in production from the peninsular declining by a sharp 5.43% offsetting the noticeable rise from the states of Sabah and Sarawak which notched an impressive 6.19% and 4.24% rise respectively. Sabah is the largest CPO producer in Malaysia accounting for 25% of national output while Sarawak makes up 21%. MPOA data is the closest to actual MPOB which is due for publication on 11th October.
Thailand reduces levy on B7 biodiesel sale to keep prices in check—As a net importer of petroleum and with a policy of self-sustainability in palm oil…
ITS Indonesia September export—Expectation is a fall of …
SEA India vegetable oil import September—India palm oil import will…
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