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March 15, 2022
Top vegetable oil buyer India’s palm oil imports rose 22% on the year to 454,794 mt in February but were lower on the month as price-sensitive buyers scaled back purchases amid high international prices, data from the Solvent Extractors’ Association showed March 14. Port stocks as of end-February dipped to their lowest since May 2021 ...
February 10, 2022
Stronger-than-expected exports, along with a dip in production, pushed Malaysia’s palm oil stocks lower by end January, the country’s official industry body Malaysian Palm Oil Board, or MPOB, said Feb. 10. Palm oil ending stocks at the commodity’s second-largest producer and exporter fell to 1.55 million mt at the end of January, down 3.9% from ...
January 5, 2022
Crude palm oil futures rose as high as 4% on the Malaysian commodities exchange on Jan. 3, driven by concerns that heavy rains across seven states in Malaysia may slow palm oil production at the world’s second largest producer. March CPO futures on the Bursa Malaysia Derivatives exchange closed 3.34% higher at MR 4,854/mt ($1,160.97) ...
December 12, 2021
Malaysia’s November palm oil exports rose 3.3% on the month to 1.47 million mt, missing market expectations of a double-digit growth, data released by the Malaysian Palm Oil Board showed Dec. 10. November exports diverged from major market surveys, which pointed to growth of over 10%. A median estimate of seven industry watchers in a ...
December 10, 2021
Lower palm oil output in November by world’s second largest producer Malaysia, along with higher exports likely pushed the country’s palm oil stockpile below 1.80 million mt, a S&P Global Platts survey showed. End-November palm oil stocks were seen at 1.78 million mt, down 3.2% from 1.83 million mt a month before, a median estimate ...
October 8, 2021
Indonesia’s palm oil exports fell 33% month on month to 2.241 million mt in September, according to vessel and shipment data seen by S&P Global Platts, as higher prices prompted major buyers India and China to focus on Malaysian shipments. Palm oil production by Indonesia, the world’s largest palm oil producer, was also estimated to ...