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 |
|
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) |
agropost 