Category Archives: News

Malaysia’s 2023 CPO production up 0.5% y-o-y at 18.55 mil mt: MPOB

Malaysia’s total crude palm oil (CPO) production in 2023 reached 18.55 million mt, 0.53% higher than a year ago, following Wednesday’s supply and demand data release for December from the Malaysian Palm Oil Board (MPOB). CPO production in December fell 13.3% from November to 1.55 million mt, MPOB estimates showed, with production entering a seasonal

CPO FUTURES TRADES LITTLE CHANGED ON MIXED DATA & LACKLUSTRE TRADE. FOCUS IS ON MPOB NOV DATA DUE TOMORROW

Palm futures trade was lackluster today lacking clear momentum ahead of MPOB Nov data due tomorrow and following poor 1-10 Dec export data. Malaysia’s 1-10 Dec export performed poorly declining by 7.38% to the same period in Nov. Although the lower 1-10 Dec SPPOMA production of minus 18% offered some buying interest helping to trim

13—17 Nov: Bearish macro-data, higher palm export, firmer soybean oil trade and uncertainty over November palm production dominate CPO futures trade dynamics

  Malaysian prices— CPO futures rose on gains in vegetable oil futures and expectations of higher export demand. CPO futures active month averaged RM3,8727/ton (US$824), up RM114(US$20.91) from a week ago. Cash CPO made similar movements, averaging at RM3,813/ton (US$811) or down RM134.50(US$25.28) while average spot month RBD palm olein prices up by US$37.88/mt from

China’s October palm olein imports dip 2.6% from September, rapeseed and sunoil volumes jump

China’s imports of palm olein in October slipped by 2.6% on the month to 506,498 mt, data from the country’s General Administration of Customs (GACC) showed. The drop comes following the end of stockpiling in preparation for the major festive holidays in end-September, though buying was relatively steady with prices remaining attractive. The level was