Archive for December 2022

30 Dec 2022 – Palm Oil Market Closing   Leave a comment

MARKET REPORT

 

SUMMARY.

India added some fuel to the higher palm oil market this afternoon after announcing that it will keep import taxes for vegetable oils low. The palm oil market had earlier moved higher on Indonesia’s announcement that it will cap palm oil export quantity at ratio of 6 to 1 from 8 to 1.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4173 4095 +95 4225 4060
Feb’23 4166 4102 +83 4228 4073
Mar’23 4178 4125 +88 4242 4075
Apr’23 4161 4103 +78 4233 4070

Total

58,749

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 975 975 992.5 980 980
Buying     980    
RBD Palm Oil Selling 965 965 982.5 970 970
Buying          
RBD Palm Stearin Selling 945        
Buying          
Palm Fatty Acid Distillates Selling 765        
Buying          
Crude Palm Oil Selling 954        
Buying          
Crude Palm Kernel Oil Selling 931        
Buying          
RBD PALM KERNEL OIL Selling 1100        
Buying          
RBD PALM KERNEL OLEIN Selling 1020        
Buying          
RBD PALM KERNEL STEARIN Selling 1550        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 985        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6606 (-34) Mar 6602 (-35)
DALIAN DCE Palm Olein Jan 8068 (+150) May 8336 (+228)
Crude Oil WTI

Feb  77.99 (-0.41)

 

Posted December 30, 2022 by agropost in Palm Oil

30 Dec 2022 – Palm Oil Market Midday   Leave a comment

MARKET REPORT

 

SUMMARY.

Indonesia reduces its export quantity ratio to domestic by 2 notches and got the market higher today. Indonesia has been controlling its export quantity by a ratio of 8:1 to domestic requirement and this has been reduced to 6:1 now with no reasons given for it.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4135 4095 +57 4135 4060
Feb’23 4141 4102 +58 4164 4073
Mar’23 4160 4125 +70 4179 4075
Apr’23 4151 4103 +68 4174 4070

Total

22,125

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 965 970 985 972.5 972.5
Buying     980 965  
RBD Palm Oil Selling 955 960 975 962.5 962.5
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 755        
Buying          
Crude Palm Oil Selling 940        
Buying          
Crude Palm Kernel Oil Selling 929        
Buying          
RBD PALM KERNEL OIL Selling 1100        
Buying          
RBD PALM KERNEL OLEIN Selling 1020        
Buying          
RBD PALM KERNEL STEARIN Selling 1550        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 980        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6580 (-60) Mar 6583 (-53)
DALIAN DCE Palm Olein Jan 8020 (+102) May 8260 (+152)
Crude Oil WTI

Feb  78.61 (+0.21)

 

Posted December 30, 2022 by agropost in Palm Oil

29 Dec 2022 – Palm Oil Market Closing   Leave a comment

MARKET REPORT

SUMMARY.

Euphoria from China’s announcement of opening up dried up some as countries imposed negative Covid test as prerequisite for entry.

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4078 4043 +9 4045 4000
Feb’23 4083 4089 +5 4089 4000
Mar’23 4090 4100 +3 4101 4004
Apr’23 4083 4090 +4 4094 4001

Total

31,639

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 957.5 960 970 960 960
Buying     965 945  
RBD Palm Oil Selling 947.5 955 960 950 950
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 745        
Buying          
Crude Palm Oil Selling 921        
Buying          
Crude Palm Kernel Oil Selling 920        
Buying          
RBD PALM KERNEL OIL Selling 1080        
Buying          
RBD PALM KERNEL OLEIN Selling 1000        
Buying          
RBD PALM KERNEL STEARIN Selling 1530        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 960        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6581 (+1) Mar 6501 (+4)
DALIAN DCE Palm Olein Jan 7918 (-86) May 8146 (-20)
Crude Oil WTI

Feb  77.28 (-1.68)

 

Posted December 29, 2022 by agropost in Palm Oil

29 Dec 2022 – Palm Oil Market Midday   Leave a comment

MARKET REPORT

 

SUMMARY.

Euphoria from China’s announcement of opening up dried up some as countries imposed negative Covid test as prerequisite for entry.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4038 4043 -31 4045 4000
Feb’23 4045 4089 -33 4089 4000
Mar’23 4050 4100 -37 4101 4004
Apr’23 4047 4090 -32 4094 4001

Total

14,837

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 957.5 957.5 967.5 957.5 957.5
Buying     960 945  
RBD Palm Oil Selling 947.5 947.5 957.5 947.5 947.5
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 745        
Buying          
Crude Palm Oil Selling 917.5        
Buying          
Crude Palm Kernel Oil Selling 920        
Buying          
RBD PALM KERNEL OIL Selling 1080        
Buying          
RBD PALM KERNEL OLEIN Selling 1000        
Buying          
RBD PALM KERNEL STEARIN Selling 1530        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 960        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6562 (-18) Mar 6493 (-4)
DALIAN DCE Palm Olein Jan 7892 (-112) May 8106 (-60)
Crude Oil WTI

Feb  78.69 (-0.27)

 

Posted December 29, 2022 by agropost in Palm Oil

28 Dec 2022 – Palm Oil Market Closing   Leave a comment

MARKET REPORT

SUMMARY.

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4070 4060 +5 4102 4042
Feb’23 4078 4071 -6 4113 4060
Mar’23 4090 4098 -10 4133 4075
Apr’23 4084 4084 -12 4133 4076

Total

38,728

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 960 960 975 960 960
Buying     965    
RBD Palm Oil Selling 950 950 965 950 950
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 770 775      
Buying          
Crude Palm Oil Selling 920        
Buying          
Crude Palm Kernel Oil Selling 916        
Buying          
RBD PALM KERNEL OIL Selling 1090        
Buying          
RBD PALM KERNEL OLEIN Selling 1005        
Buying          
RBD PALM KERNEL STEARIN Selling 1540        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 970        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6746 (-19) Mar 6625 (-14)
DALIAN DCE Palm Olein Jan 7994 (+120) May 8174 (+104)
Crude Oil WTI

Feb  79.10 (-0.43)

 

Posted December 29, 2022 by agropost in Palm Oil

28 Dec 2022 – Palm Oil Market Midday   Leave a comment

MARKET REPORT

 

SUMMARY.

 

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4080 4060 +15 4102 4042
Feb’23 4095 4071 +11 4113 4060
Mar’23 4109 4098 +9 4133 4075
Apr’23 4108 4084 +12 4133 4076

Total

14,204

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 965 965 975 962.5 962.5
Buying     970 950  
RBD Palm Oil Selling 955 955 965 952.5 952.5
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 770 775      
Buying          
Crude Palm Oil Selling 926        
Buying          
Crude Palm Kernel Oil Selling 924        
Buying          
RBD PALM KERNEL OIL Selling 1085        
Buying          
RBD PALM KERNEL OLEIN Selling 1005        
Buying          
RBD PALM KERNEL STEARIN Selling 1535        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 970        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6781 (+16) Mar 6654 (+15)
DALIAN DCE Palm Olein Jan 8000 (+126) May 8176 (+106)
Crude Oil WTI

Feb  79.62 (+0.09)

 

Posted December 28, 2022 by agropost in Palm Oil

27 Dec 2022 – Palm Oil Market Closing   Leave a comment

MARKET REPORT

 

SUMMARY.

Improved exports of Malaysian palm oils as reported by surveyors sustained bullish tone of market already affected by early news of China opening up for foreign travellers from Jan/8.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4070 3822 +268 4085 3950
Feb’23 4087 3868 +267 4100 3961
Mar’23 4104 3889 +274 4117 4000
Apr’23 4101 3884 +268 4118 4001

Total

55,945

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 967.5 967.5 977.5 972.5 967.5
Buying     972.5    
RBD Palm Oil Selling 957.5 957.5 967.5 962.5 957.5
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 775 780      
Buying          
Crude Palm Oil Selling 923        
Buying          
Crude Palm Kernel Oil Selling 924        
Buying          
RBD PALM KERNEL OIL Selling 1085        
Buying          
RBD PALM KERNEL OLEIN Selling 1005        
Buying          
RBD PALM KERNEL STEARIN Selling 1535        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 970        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil closed closed
DALIAN DCE Palm Olein Jan 8010 (+388) May 8170 (+388)
Crude Oil WTI

Jan 80.08 (+0.52)

 

Posted December 27, 2022 by agropost in Palm Oil

27 Dec 2022 – Palm Oil Market Midday   Leave a comment

MARKET REPORT

 

SUMMARY.

Market opened up on a post-Xmas rally after China announced that it will open up its borders from Jan/8 even as the country faces a major infection event with rates reportedly into millions as mortuaries and hospitals bursting at the seams.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 4035 3822 +233 4085 3950
Feb’23 4050 3868 +230 4096 3961
Mar’23 4066 3889 +236 4115 4000
Apr’23 4065 3884 +232 4118 4001

Total

34,932

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 965 965 970 965 965
Buying     962.5 947.5  
RBD Palm Oil Selling 955 955 960 955 955
Buying          
RBD Palm Stearin Selling 925        
Buying          
Palm Fatty Acid Distillates Selling 775 780      
Buying          
Crude Palm Oil Selling 925        
Buying          
Crude Palm Kernel Oil Selling 928        
Buying          
RBD PALM KERNEL OIL Selling 1075        
Buying          
RBD PALM KERNEL OLEIN Selling 1005        
Buying          
RBD PALM KERNEL STEARIN Selling 1535        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 965        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil closed closed
DALIAN DCE Palm Olein Jan 8008 (+386) May 8176 (+394)
Crude Oil WTI

Jan 80.00 (+0.44)

 

Posted December 27, 2022 by agropost in Palm Oil

23 Dec 2022 – Palm Oil Market Closing   Leave a comment

MARKET REPORT

 

SUMMARY.

Aggressive Indonesian offers continue to impinge on the palm oil futures market today leading to extended losses.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 3803 3822 -60 3833 3795
Feb’23 3816 3868 -70 3868 3804
Mar’23 3831 3889 -67 3889 3817
Apr’23 3836 3884 -58 3885 3818

Total

62,801

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 925 920 932.5 925 925
Buying     925    
RBD Palm Oil Selling 915 915 922.5 915 915
Buying          
RBD Palm Stearin Selling 875        
Buying          
Palm Fatty Acid Distillates Selling 740 745      
Buying          
Crude Palm Oil Selling 892        
Buying          
Crude Palm Kernel Oil Selling 889        
Buying          
RBD PALM KERNEL OIL Selling 1050        
Buying          
RBD PALM KERNEL OLEIN Selling 990        
Buying          
RBD PALM KERNEL STEARIN Selling 1500        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 920        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6592 (+12) Mar 6428 (+27)
DALIAN DCE Palm Olein Jan 7452 (-188) Mar 7606 (-202)
Crude Oil WTI

Jan 79.17 (+1.68)

 

Posted December 23, 2022 by agropost in Palm Oil

23 Dec 2022 – Palm Oil Market Midday   Leave a comment

MARKET REPORT

 

SUMMARY.

The palm market lost back some points today, shrugging off fears of flood effects on production and giving more focus on aggressive Indonesian offers in the market.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month

Last

Open Change High Low
Jan’23 3820 3822 -43 3833 3795
Feb’23 3835 3868 -51 3868 3804
Mar’23 3849 3889 -49 3889 3817
Apr’23 3853 3884 -41 3885 3818

Total

27,273

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) Jan’23 JFM’23 AMJ’23 JAS’23 OND’23
RBD Palm Olein Selling 930 930 935 930 930
Buying     927.5 917.5  
RBD Palm Oil Selling 920 920 925 920 920
Buying          
RBD Palm Stearin Selling 880        
Buying          
Palm Fatty Acid Distillates Selling 747.5        
Buying          
Crude Palm Oil Selling 892        
Buying          
Crude Palm Kernel Oil Selling 889        
Buying          
RBD PALM KERNEL OIL Selling 1050        
Buying          
RBD PALM KERNEL OLEIN Selling 990        
Buying          
RBD PALM KERNEL STEARIN Selling 1500        
Buying          
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) Selling 925        
Buying          

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil Jan 6606 (+26) Mar 6436 (+35)
DALIAN DCE Palm Olein Jan 7488 (-152) Mar 7638 (-170)
Crude Oil WTI

Jan 78.23 (+0.74)

 

Posted December 23, 2022 by agropost in Palm Oil