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CPO futures to trade in range-bound mode next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer.
Palm oil trader David Ng said it might be slightly negative bias pending the expectation of sluggish export performance next week.
The announcement on the CPO export tax recently will dampen the demand for the commodity,” he told Bernama.
According to a circular posted on the Malaysian Palm Oil Board’s website published last Thursday, the Royal Malaysian Customs Department said the CPO export tax is retained at 8 per cent for March 2021 for the value of RM3,977.36 per tonne. ....

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India imported over 500,000 tonnes of palm oil from Malaysia in January, says group | Money


Saturday, 13 Feb 2021 02:13 PM MYT
The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by an industry group. Reuters pic
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NEW DELHI, Feb 13 ― India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes.
The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by an industry group. ....

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Malaysia's January Palm Oil Exports 947,000 Tons; Down 42%, MPOB Says


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Malaysia s palm oil exports were down 42% on month at 947,000 metric tons in January, the Malaysian Palm Oil Board said.
The following are details of the January crop data and revised numbers for December, issued by MPOB:
January December Change
On Month
Crude Palm Oil Output 1,126,629 1,333,639 Dn 15.52%
Palm Oil Exports 947,395 1,642,835 Dn 42.33%
Palm Kernel Oil Exports 62,432 145,551 Dn 57.11%
Palm Oil Imports 165,198 282,058 Dn 41.43%
Closing Stocks 1,324,963 1,265,698 Up 4.68%
Crude Palm Oil 640,781 583,811 Up 9.76%
Processed Palm Oil 684,182 681,887 Up 0.34%
This content was automatically published based on data and/or text from the original source. For feedback, write to singaporeeditors@dowjo ....

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CPO futures likely to see quiet trading next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see quiet trading next week or retreat on slight profit-taking, with the price to move between RM3,200 and RM3,350 per tonne.
Interband Group of Companies senior palm oil trader Jim Teh said investors would likely be on leave for Chinese New Year as early as Jan 9 and resume trading on Feb 15.
Most of them would not take oil next week due to the celebration, especially China as they have gotten their stock ahead of the festival, last month,” he told Bernama.
Meanwhile, Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said trading is expected to be volatile next week due to a short trading week with more focus on month-end stock for January. ....

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