Palm futures locked in a third successive weekly gain with the most active month finishing on net 78 points. Recovery in related soybean oil and palm olein on the Dalian market from earlier… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Category Archives: News
Palm oil stock levels in Malaysia at the end of July rose for a third straight month but by a marginal amount of 0.68% from June to 1.73 million mt, data from the Malaysia Palm Oil Board (MPOB) showed Thursday. The increment was smaller than the change seen from May to June and came as
Palm futures failed to build on the gains from yesterday and the much better-than-expected Jul end month stocks from MPOB failed to boost fresh buying interest.
CCNO offers broke the resistance level of US$1100/ton to rise to a high of US$1145/ton for the back month and US$1115/ton for Sept-Oct offers. Front-month Aug-Sept persisted… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Indonesia’s CPO production jumped 12% in May from April—GAPKI. Exports added 4.50% but domestic consumption fell 4.22% though the food sector stayed unchanged. A large fall in biodiesel use weighed down on domestic use… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
CPO futures made impressive gains today rising to just over 4 months high powered by externals of renewed and intensified… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Consumption and production of palm oil are expected to rise in 2023, Fadhil Hasan, head of Trade and Promotion at Gapki, told delegates at the Enmore 20th Global Oleochem Summit in Xiamen Thursday. For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Palm futures made solid gains today locking in a 3-4% rise across the contract months by pricing-in… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Offer prices for local CPKO was rangebound last week, with the weekly average price rising marginally to MYR232.80/picul or US$846/ton from MYR232 previously. The range of offer prices remained narrow at…For more analysis please subscribe or get a free trial info@palmoilanalytics.com