Palm oil data due in week 24—28 October and expectations | Data due 24 28 Oct

 

1.) Bursa Malaysia closed on Monday 24 October for the public holiday of Diwali—It will be a short 4-day trading week next week with Bursa Malaysia closed on Monday for the public holiday of Diwali. Normal trading resumes on 25 October with the market pricing in 1-25 October export data.

2.) India officially closed 24—26 of October for Diwali—India will be closed for 3 days from Monday 24 to Wednesday 26 October for a long weekend holiday. Expect muted trading interest from India next week. The focus will be—buying interest after Diwali week given India is sitting on hefty edible oil stocks of 2.436 million tons, the highest in nearly 4 years. India’s edible oil imports have been super strong in August and September as the world’s largest buyer stocked up for Diwali seasonal buying.

3.) ITS, Amspec and SGS 1-25 October Malaysia export—Exports could remain…

4.) SPPOMA 1-25 October Malaysia production—Production in the first 25 days of the month is predicted to…

5.) MPOA 1-20 October Malaysia production—After exports, MPOA production data will be the main CPO futures price driver. Production is forecast…

6.) Indonesia 1-15 November CPO reference price and export tax—The CPO reference price for the first…

7.) ITS Indonesia September export—Indonesia’s September exports are heard…

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