Shipment to almost all destinations fell in the first 10 days of January plunging by 35% to 271,789 tons from the same time last year following a surge in buying earlier in December and rising international palm prices… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Category Archives: News
Malaysia CPO export tax for February was retained at 8% after the calculated monthly reference price was RM 3657.67/ton or RM 182.23 higher than the previous month. The tax payable for February will now be RM292.61 or US$73 versus… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures extended losses for the second day erasing 95 points on the benchmark month closing at just above 3700. Low was 3690 or minus 107 points. High was 3796. Lower soybean oil trade, sharply lower close on… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Excessive rains in excess of 200 millimeters particularly in southern peninsular Malaysia causing floods in the states of Johor, Pahang, Kelantan, Selangor, and Perak over 22 districts including key oil palm areas is likely to weigh down on production in the first quarter of this year. Rains submerged… For more analysis please subscribe or get
CCNO spread to CPKO plunged to a low of US$88 after CPKO prices rose at a much faster pace (US$ 120) than CCNO (US$11). The lower spread prompted greater… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPKO rose by the highest pace in 7 weeks gaining RM 18.35 to a weekly average of RM335.60/picul or US$1386/ton, nearing the 50 days rolling average. Prices advanced… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
MPOB data showed stocks down but not as low as the market expected after imports rose to compensate for the production losses. While production fall was within expectation. Exports did better than expected with CPO rising to over 700K tons or up 93% from November. For more analysis please subscribe or get a free trial,
CPO Futures was trading on the same dynamics from the first session—from higher to side-ways then to lower but closing above the support level of 3800 on the benchmark month after trading to low of 3788. Trading pace… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures snapped to close lower after six straight days of gain with benchmark Mar plunging 77 points to support level 3800 before regaining to close at 3817. Profit-taking and… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com