World palm oil prices today, August 4, fell due to the prospect of increased supply and selling pressure from Indonesia

게시됨 2022년 8월 4일

Tridge 요약

The article reports a decrease in the October palm oil delivery contract on the Bursa Malaysia exchange by 1.97% to 3,788 ringgit ($850.47) a tonne, driven by an increase in Malaysia's palm oil stocks by 9.8% to 1.82 million tons due to increased production. The lower export taxes and higher exports in Indonesia have made Indonesian palm oil more competitive, potentially impacting the demand for Malaysian palm oil. Disruptions in plant and harvest operations in Indonesia and Malaysia have led to a decrease in their palm oil production estimates for the 2021/22 season. As a result, global palm oil imports for 2021/22 are projected to decline by 5.7% from the 2020/21 season. This is reflected in the falling prices of palm and soybean oil on the Dalian Stock Exchange and the Chicago Mercantile Exchange.

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원본 콘텐츠

Palm oil contract for October delivery on the Bursa Malaysia exchange at the beginning of the session fell 76 ringgit, or 1.97%, to 3,788 ringgit ($850.47) a tonne. At the midday break, this futures contract was at 3,807 ringgit ($855.12)/ton. Malaysia's palm oil stocks at the end of July 2022 are likely to increase by 9.8% month-on-month to 1.82 million tons, mainly due to increased production. The first grain-carrying ship left the Ukrainian port through the Bosphorus to the port of Tripoli, Lebanon. This raised hopes for increased supply in the Black Sea, which accounts for 60% of the world's sunflower oil production and 76% of its exports. Lower export taxes and higher exports in Indonesia make Indonesian palm oil more competitive than Malaysian palm oil, as buyers take advantage of savings from taxes and fees that will boost exports. imports in August 2022, affecting demand for Malaysian palm oil. Disruptions in plant and harvest operations due to record-high Indonesian ...

출처: Vinanet