- CPO futures active month shifts to December 2022—We start the trading week Monday on a new active month of December 2022 replacing November 2022 which becomes the second month. Front-month will be October-2022 from mid-day today. CPO market is closed for a public holiday tomorrow—16 September. The focus will be on…
- MPOA 1-20 September Malaysia production—Expect production to post a…
- ITS, Amspec and SGS Malaysia 1-20 September exports—Exports are seen trending…
- Indonesia 16—30 September CPO reference price—CPO reference price was officially set at US$846.23/ton, down from US$929.66/ton in the 1-15 September period or a fall of US$83.34. The CPO reference price will make the effective tax rate on palm products to fall under the lower tax bracket of US$830-880. CPO export will be taxed at US$52/ton from US$74 previously, RBD palm olein at US$12 instead of US$23, CPKO at US$85 from US$95 before, and RBD palm stearin at just US$4 versus US$15. Lower international cash and futures prices saw a reduction in the reference price. Indonesia CPO reference price is calculated based on a weighted average of CPO Rotterdam, ICDX CPO, and Bursa Malaysia CPO futures.
- SPPOMA 1-15 & 1-20 September production—Production is expected to be steadily…
- Federal Reserve interest rate setting meeting—Any increase in the U.S benchmark interest rate will likely…
- Indonesia July GAPKI data—Data released at mid-day showed July end-month stocks fell for the…
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