Palm oil data due in week 31 October to 4 November and expectations | Data due 31 Oct 4 Nov

 

1) Bloomberg and Reuters Malaysia October supply & demand estimates—End-month stocks are poised…

2) ITS, Amspec, and SGS 1-31 October Malaysia export—As described above full months’ exports are projected…

3) SPPOMA 1-31 October Malaysia production—Full month production is seen…

4) Indonesia CPO reference price for 1-15 November and export tax—As reported last week, the CPO reference price for 1-15 November will see a rise from 16-31 October level of US$713.89/ton to range US$731-780/ton. The expectation is US$770.88/ton If the reference price rise materializes, the CPO export tax will rise to US$18 from the present US$3. The market has been pricing in US$18 on CPO FOB offers. RBD palm olein will stay untaxed but CPKO will rise to US$21.

5) Indonesia export levy exemption decision—The Indonesian government will be making a decision on whether to extend the export levy exemption from the current deadline of 31 October to the end of the year or to let it lapse. We expect the levy exemption to…

6) UN FAO Food Price Index for October—Expect the vegetable oil price index to see…

 

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