Malaysian palm oil's premium to be short lived, to fade with Indonesian supply
RBD 팜유
인도네시아
말레이시아
게시됨 2023년 3월 29일
Tridge 요약
Palm oil's rare premium over rival rapeseed oil and sunflower oil is likely to be short-lived and it should start trading at a discount once top producer Indonesia eases export curbs after Ramadan, industry participants told Reuters.
원본 콘텐츠
MUMBAI (March 28): The premium has slowed down palm oil purchases for April shipments by key importers in Asia, Africa and Europe as refiners were replacing palm oil with rapeseed and sunoil, they said. Sunflower oil and canola oil prices have fallen by more than US$250 (RM1,100) per tonne so far in 2023 on higher supplies in Europe and north America. Palm oil prices during the period rose by US$20 per tonne as supplies were disrupted in Indonesia and Malaysia, the world's largest and second-longest producers, respectively, because of heavy rainfall. "As long as Indonesia is restricting exports, palm supplies will be artificially tight. When Indonesia returns in force as an exporter, palm will return to a discount," James Fry, chairman of commodities consultancy LMC International, told Reuters. Last month, Indonesia suspended some palm oil export permits until April, to encourage exporters to increase domestic supply and secure new permits. Exporters must now sell a portion of ...