Palm oil data due in week 19—23 September and expectations | Data due 19 23 Sept

  1. 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…
  2. MPOA 1-20 September Malaysia production—Expect production to post a…
  3. ITS, Amspec and SGS Malaysia 1-20 September exports—Exports are seen trending…
  4. 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.
  5. SPPOMA 1-15 & 1-20 September production—Production is expected to be steadily…
  6. Federal Reserve interest rate setting meeting—Any increase in the U.S benchmark interest rate will likely…
  7. Indonesia July GAPKI data—Data released at mid-day showed July end-month stocks fell for the…

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