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
Category Archives: News
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
CPO Futures ended 2020 at an average price of RM2700/ton (US$643)on the most active month contract, or RM452 higher than the previous year average, and posted the best performance in… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPO Futures rebounded to book the fifth day of gains locking in 32 points, closing at 3756 but this was after plunging 58 points in intraday trade. Second pollster… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Overall Malaysia’s production is seen declining by 12% to 1.312 million tons in December or the lowest in 10 months, weighed down by a sharp reduction in output from peninsular Malaysia and Sabah. December full SPPOMA output was down 10.50% tracking… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
A spectacular start to CPO Futures trading closing at 10 years high at 3732 or up 132 points on the first day of trading, underpinned by rising exports and a slow rise in production resulting in shrinking year-end stocks, estimated at near 1.30 mil tons, a multi-year low. CPO Futures last close at above 3700
CPKO offer prices were up for the fifth week straight but rose at a slower pace of US$10-15 to US$1320-1375/ton, compared to the prior week’s rise of US$40-50. There were just 2 trades heard concluded due to… For more analysis and weekly price outlook please subscribe or get a free trial, info@palmoilanalytics.com