Palm recovered nearly 40% of the large losses from yesterday on the most active Aug contract supported by a combination of higher related soybean oil close on CBOT and Dalian, bargain… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Category Archives: News
Palm oil freight rates were steady-to-higher this week, with more inquiries for second-half June shipments amid tighter vessel availability keeping rates supported. Freight for 18,000-20,000 mt vessels from Southeast Asia to West Coast India was holding steady at $40-42/mt, unchanged from a week ago, while freight rates to East Coast India for 10,000-12,000 mt shipments
Indonesia officially announced 1-15 June CPO reference price of US$811.68/ton or lower than the levels for the second half of May of US$893.23/ton. This brings the export duty and levies down by two tiers to $33 and $85/ton respectively from $74/ton and $95/ton previously. The lower Indonesian payable export duty and levy were anticipated by
Offer prices inched up US$5-15 for the nearby months Jun-Aug to US$1065-1055/ton but stayed unchanged… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Offers for domestic CPKO in Malaysia continued to fall, with the weekly average price falling to RM236.80/picul or $852/ton from… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
Palm futures started off the week poorly but managed to taper off the losses to end at just under 1% across the board. The… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
CPO futures ended a day of sideways trading to close in the positive territory after falling to its lowest level in slightly over 3 weeks a day earlier. The most active Aug contract closed…
Indonesia’s palm oil export plummeted for the sixth straight month after April shipment tumbled by 14.85% to 1.669 million tons compared to the previous month sinking to an 11-month low—ITS data showed. Hefty export levy and taxes coupled with… For more analysis please subscribe or get a free trial info@palmoilanalytics.com
China’s palm olein imports in April rose by 91% compared to a year earlier to 224,058 tons, data from the country’s General Administration of Customs (GACC) showed. The year-on-year increase comes as buying improved following lower prices and amid an anticipated improvement in consumption following the opening of borders and relaxation of Covid restrictions. However,
Malaysia’s calculated CPO reference price for June was set at RM4144.31/ton or RM80.73 higher than the previous month but the export tax was retained at 8% for the 30th successive month. May reference price was RM4063.58/ton Export tax structure starts at 3% for CPO at the RM2250 to 2400/ton bracket. The maximum tax rate