Palm Oil Analytics

06/11/2023

It is MPOB week. October supply & demand results are due on Fri 10 Nov. WASDE Nov is due on 8 Nov. MPOB data will focus on the extent of Oct production rise. Fastmarkets

31/10/2023

CPO FUTURES SINKS LOWER TRACKING DEEP LOSSES IN THE CHINESE SOY AND RAPESEED OIL MARKET - POA Close - 31 Oct 2023 Fastmarkets

27/10/2023

https://www.nst.com.my/business/economy/2023/10/970866/ringgit-drops-all-time-low-versus-singapore-dollar

KUALA LUMPUR: The Singapore dollar reached an all-time high against the Malaysian ringgit today, intensifying the spotlight on a growing policy gap between the two nations.

26/10/2023

CPO FUTURES MAKES A STRONG REBOUND SPARKED BY HIGHER SBO TRADE, WEAKER RINGGIT, DISRUPTION TO BLACK SEA TRADE & ACTIVE CASH DEALS - POA Closing - 26 Oct Fastmarkets

26/10/2023

FCPO rises nearing 100 points riding at the back of renewed Middle East geopolitical risk premium & higher related edible oils trade Fastmarkets

25/10/2023

CPO FUTURES STEADIES TO CLOSE MARGINALLY HIGHER AMID FLURRY OF FUTURES AND CASH BARGAIN DEALS Fastmarkets

24/10/2023

MPOA Malaysia CPO production 1–20 Oct 2023 vs. 1-20 Sept 2023

Peninsular: +4.83%
Sabah: +4.26%
Sarawak: -0.54%
East Malaysia: +2.99%
Malaysia: +4.14%

Palm Oil Analytics

23/10/2023

Fastmarkets

19/10/2023

Strong resistance to sustain at over 3800. Supportive externals of weak ringgit and firm crude oil pricing are not sufficient. Easing palm production and stocks are necessary for sustained rise Fastmarkets

17/10/2023

FCPO is in a real struggle to re-test 3800 on the active month of the Jan-2024 contract. Fastmarkets

16/10/2023

SPPOMA 1–15 Oct 2023 vs. 1-15 Sept 2023
FFB yield: -2.26%
OER: +0.29%
Production: -0.73%

SPPOMA members account for nearly 10-15% of national CPO production. Fastmarkets

16/10/2023

FCPO active month trading shifts to Jan-2024. Front-month Oct-2023 is superseded by Nov-2023. Fastmarkets