1.) Benchmark month switches to Oct 2022—Trading starts on Monday with the most active month being October-2022 and the August-2022 contract moving up to be the front month. July-2022 expires at mid-day today. The main focus will be on the spread between months which has been narrowing sharply week by week since April. The latest spread between August-2022 to October-2022 is RM90, considerably lower compared to the RM400-800 differential seen from March to June. A narrower spread reflects abundant supplies for the nearby months. Malaysia’s peak production is from August to October.
2.) ITS, Amspec, SGS Malaysia 1-20 July export—Exports will remain…
3.) SPPOMA 1-15 and 1-20 July production—Production is projected to…
4.) ITS Indonesia Jun palm oil export—Exports are widely predicted to rise…
5.) Indonesia CPO reference price and export tax—The CPO reference price for August is most likely to…
6.) Indonesia implements B35 biodiesel mandate – Indonesia will be implementing its biodiesel mandate of B35 starting from the 20th of July, an upgrade from B30 blend which has been in place since early 2020. The upgrade will see an additional monthly consumption of…
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