India’s total edible oil imports fell 17% in June to 969,431 tons versus the same time last year according to India SEA latest data. Escalating palm product prices, widening lockdown measures curbing consumer demand, and deferment in shipment to July as traders take advantage of the reduction import tax—combined to weigh down on import
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Indonesia’s palm oil end-month stock fell for the seventh successive month in May erasing 7.65% to 2.884 million tons compared to the previous month reaching the lowest in 26 months after exports rebounded rising by 12% to 2.952 million tons. Strong shipment of processed palm products, both liquids and fractions boosted the overall rise. In
Malaysia first 10 days of July export rose 2-4% according to ITS and Amspec cargo surveyor data but SGS… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Indonesia palm oil export fell 49.44% to 1.495 million tons in June after seeing a sharp drop in all palm products across… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Malaysia marketing year (MY) 2020/21 CPO production estimate was pegged at 18.2 million tons, down 2% from the previous report and down 6% from MY 2019/20. Persistent rainfall negatively impacted monthly output and yields as workers ability to harvest been limited – according to the latest USDA July report. The report also cited the
MPOB June— Imports jumped 27.09% to the highest in 3 months as inbound shipments from Indonesia received discounts ahead of lower levy and tax-effective date in July. A tight supply of domestic CPO was also responsible for increased buying from Indonesia. June production rose at the low end
CPO futures was directionless in the second half after pricing in the bullish MPOB report last… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPKO prices sustained higher for the second week in a row gaining RM3.40 to settle at a weekly average of… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Offers were mixed after declining for 5 weeks straight and trades seize up. There were no trades heard last week after buyers… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Sharp depreciation in Ringgit, higher related edible oil—canola on ICE, soybean oil on ECBOT, and palm and bean oil on Dalian, plus… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com