Category Archives: News

28 Jun—1 Jul: India import duty cut, rising export hopes, slow rise in output and bullish USDA report—lift CPO prices higher

      Malaysian prices— CPO futures made a sharp recovery last week gaining… Indonesian prices—Indonesian tender prices moved to… Indonesia July CPO reference price falls for the first time in 13 months–Indonesia July CPO reference price fell for the first time in 13 months… India slashes CPO import tax to 10% for 3 months

Fundamental palm oil data due next week (5—9 July) and expectations

1.) Bloomberg, Reuters and CIMB Malaysia June supply & demand estimates—This will be the main data in pricing CPO futures next week. Attention will be on… 2.) MPOA Malaysia 1-30 June production—As described above production is estimated to… 3.) GAPKI Indonesia May supply and demand data—CPO and CPKO production growth should see a… 4.) UN

Indonesia July CPO reference price falls for the first time in 13 months. Tax and levy rate reduced. CPO export to rise in July

                    Indonesia July CPO reference price fell for the first time in 13 months after the calculated price was US$1094.15/ton or down US$129.90 from June. The decline was widely expected after global palm prices trended lower in the last 6 weeks. The reduction means the tax