The Malaysian Sustainable Palm Oil (MSPO) Certification Scheme is a mandatory certification for oil palm plantations, independent and organised smallholdings, and palm oil processing facilities in Malaysia.
As of November 2022, 683,000 hectares in oil palm plantation lands that are owned by organised smallholders have received MPSO certification. Find out more: https://bit.ly/3vkhCfc
#MPOC #MalaysianPalmOil #FullofGoodness #MSPO #sustainability #mampan #sustainability #environmentallyfriendly #hijau
As of November 2022, 683,000 hectares in oil palm plantation lands that are owned by organised smallholders have received MPSO certification. Find out more: https://bit.ly/3vkhCfc
#MPOC #MalaysianPalmOil #FullofGoodness #MSPO #sustainability #mampan #sustainability #environmentallyfriendly #hijau
S&P Global: Asian palm oil prices expected to be rangebound in 2023
https://mpoc.org.my/sp-global-asian-palm-oil-prices-expected-to-be-rangebound-in-2023/
KUALA LUMPUR (Jan 6): Asian palm oil prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. In a report on Thursday (Jan 5), S&P Global Commodity Insights […]
https://mpoc.org.my/sp-global-asian-palm-oil-prices-expected-to-be-rangebound-in-2023/
KUALA LUMPUR (Jan 6): Asian palm oil prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. In a report on Thursday (Jan 5), S&P Global Commodity Insights […]
Indonesia reduces palm oil exports to ensure supply at home
https://mpoc.org.my/indonesia-reduces-palm-oil-exports-to-ensure-supply-at-home/
JAKARTA, Jan 6 (Bernama): Indonesia, the world’s biggest palm oil producer, will cut its overseas shipments of the commodity, as it tightens a policy requiring companies to keep more supply at home. The government cut the amount producers can export to six times the domestic sales requirement, down from eight times currently, Vietnam news agency […]
https://mpoc.org.my/indonesia-reduces-palm-oil-exports-to-ensure-supply-at-home/
JAKARTA, Jan 6 (Bernama): Indonesia, the world’s biggest palm oil producer, will cut its overseas shipments of the commodity, as it tightens a policy requiring companies to keep more supply at home. The government cut the amount producers can export to six times the domestic sales requirement, down from eight times currently, Vietnam news agency […]
Uncertainty over rise in CPO output
https://mpoc.org.my/uncertainty-over-rise-in-cpo-output/
PETALING JAYA: Despite the gradual return of foreign workers to the oil palm plantation sector, industry experts remain sceptical of potential growth in terms of crude palm oil (CPO) production this year. While CPO production is set to improve in 2023, Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek Choon Yee said the growth […]
https://mpoc.org.my/uncertainty-over-rise-in-cpo-output/
PETALING JAYA: Despite the gradual return of foreign workers to the oil palm plantation sector, industry experts remain sceptical of potential growth in terms of crude palm oil (CPO) production this year. While CPO production is set to improve in 2023, Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek Choon Yee said the growth […]
5 more sleeps to go until CEO Day@UKM!
Join the numerous interactive programmes and activities that have been planned for the day, such as a cooking demo by Chef Imelda Harris and a special appearance by performer, Bell Ngasri.
If you are a university student in Malaysia, this event is for you and admission is free! So register here: https://bit.ly/3ginbqa
Details of this event:
Date: 14 January 2023, Saturday
Time: 8.00am-5.00pm
Venue: Dewan Canselor Tun Abdul Razak (DECTAR), UKM Bangi, Selangor
#CEODAYatUKM #UKMxMPOC #TIKTOKCHALLENGEUKMxMPOC #fullofgoodness
#MalaysianPalmOil #MSPO #sustainability #mampan #minyaksawit
Join the numerous interactive programmes and activities that have been planned for the day, such as a cooking demo by Chef Imelda Harris and a special appearance by performer, Bell Ngasri.
If you are a university student in Malaysia, this event is for you and admission is free! So register here: https://bit.ly/3ginbqa
Details of this event:
Date: 14 January 2023, Saturday
Time: 8.00am-5.00pm
Venue: Dewan Canselor Tun Abdul Razak (DECTAR), UKM Bangi, Selangor
#CEODAYatUKM #UKMxMPOC #TIKTOKCHALLENGEUKMxMPOC #fullofgoodness
#MalaysianPalmOil #MSPO #sustainability #mampan #minyaksawit
MPOC Video Series
https://mpoc.org.my/mpoc-video-series/
Customer experience videos share with you some of the challenges, opportunities and processes in the demand and supply of Malaysian palm oil to the world market. Click Here For More The CEO Insights are brought to you by top CEOs from oils and fats and food industries around the world. Click Here For More
https://mpoc.org.my/mpoc-video-series/
Customer experience videos share with you some of the challenges, opportunities and processes in the demand and supply of Malaysian palm oil to the world market. Click Here For More The CEO Insights are brought to you by top CEOs from oils and fats and food industries around the world. Click Here For More
“We agreed to strengthen our cooperation through the Council of Palm Oil Producing Countries, expand the palm oil market, and fight against discrimination on palm oil,” 🇮🇩President @jokowi during a meeting with🇲🇾Prime Minister Dato’ Seri Anwar bin Ibrahim bit.ly/3Xez7cz
«Мы договорились укреплять наше сотрудничество через Совет стран-производителей пальмового масла, расширять рынок пальмового масла и бороться с дискриминацией в отношении пальмового масла», — 🇮🇩Президент @jokowi во время встречи с 🇲🇾Премьер-министром Дато Сери Анваром бин Ибрагимом
Malaysia and Indonesia agree to fight discrimination against palm oil
https://mpoc.org.my/malaysia-and-indonesia-agree-to-fight-discrimination-against-palm-oil/
The comments by Indonesian President Joko Widodo (right) followed a meeting with Prime Minister Datuk Seri Anwar Ibrahim, who was making his first overseas trip since being elected in November.–A BOGOR, Indonesia (Jan 9): Indonesia and Malaysia, the world’s biggest producers of palm oil, agreed on Monday (Jan 9) to work together to fight “discrimination” against the commodity after a meeting […]
https://mpoc.org.my/malaysia-and-indonesia-agree-to-fight-discrimination-against-palm-oil/
The comments by Indonesian President Joko Widodo (right) followed a meeting with Prime Minister Datuk Seri Anwar Ibrahim, who was making his first overseas trip since being elected in November.–A BOGOR, Indonesia (Jan 9): Indonesia and Malaysia, the world’s biggest producers of palm oil, agreed on Monday (Jan 9) to work together to fight “discrimination” against the commodity after a meeting […]
VEGOILS-Palm slides over 3%, hits 2-week low on weak rival oils, export outlook
KUALA LUMPUR, Jan 10 (Reuters) - Malaysian palm oil futures dropped more than 3% on Tuesday, tracking weakness in rival edible oils and on fears of weak exports, with investors eyeing key data to gauge supply and demand levels.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slumped 156 ringgit, or 3.79%, to 3,962 ringgit ($906.01) a tonne during early trade, its lowest since Dec. 23.
FUNDAMENTALS
Traders are awaiting Malaysian Palm Oil Board and cargo surveyor data due later in the day to determine price direction.
A Reuters' poll pegged at-December inventories shrinking to a four-month low of 2.17 million tonnes, as production and exports slowed.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 eased 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian shares fell after hawkish comments from two U.S. Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data, while China's reopening after COVID curbs pushed commodities higher.
KUALA LUMPUR, Jan 10 (Reuters) - Malaysian palm oil futures dropped more than 3% on Tuesday, tracking weakness in rival edible oils and on fears of weak exports, with investors eyeing key data to gauge supply and demand levels.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slumped 156 ringgit, or 3.79%, to 3,962 ringgit ($906.01) a tonne during early trade, its lowest since Dec. 23.
FUNDAMENTALS
Traders are awaiting Malaysian Palm Oil Board and cargo surveyor data due later in the day to determine price direction.
A Reuters' poll pegged at-December inventories shrinking to a four-month low of 2.17 million tonnes, as production and exports slowed.
Dalian's most-active soyoil contract DBYcv1 fell 2.3%, while its palm oil contract DCPcv1 eased 2.7%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian shares fell after hawkish comments from two U.S. Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data, while China's reopening after COVID curbs pushed commodities higher.
GRAINS-Soybeans fall for second session on slowing U.S. exports; wheat down
SINGAPORE, Jan 10 (Reuters) - Chicago soybean futures lost more ground on Tuesday, with a lack of demand for U.S. supplies weighing on the market, although losses were limited by dry weather curbing yields in key supplier Argentina.
Wheat fell for a third consecutive session while corn slid.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.3% at $14.84-3/4 a bushel, as of 0113 GMT, wheat Wv1 gave up 0.2% to $7.39-3/4 a bushel and corn Cv1 fell 0.2% to $6.51-1/4 a bushel.
The U.S. Department of Agriculture (USDA) on Monday reported weekly grain export inspections for corn, soybeans and wheat near the low-end of a range of trade estimates. U.S. exports have struggled to compete in the global market with cheaper South American supplies.
The market is cautious ahead of Thursday's global crop supply-and-demand estimates from the USDA. In the report, the USDA is expected to cut its corn and soy production outlook for drought-hit Argentina but also raise its estimate of U.S. grain and soybean supplies.
Grain traders are also monitoring developments in Brazil, where supporters of far-right former President Jair Bolsonaro stormed government buildings on Sunday.
The Brazilian real weakened against the dollar on Monday, making the country's crop exports even more affordable than U.S. supplies on the global market.
Harvesting of Brazil's 2022/2023 soybean crop had reached 0.04% of the national planted area on Thursday last week, compared with 0.2% in the year-ago period, agribusiness consultancy AgRural said on Monday.
The consultancy cited disruption to field work because of wet conditions in states including top soybean grower Mato Grosso.
In the Black Sea region, Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday.
Commodity funds were net sellers of CBOT corn, wheat, soybean and soymeal futures contracts on Monday and net buyers of soyoil futures, traders said.
MARKET NEWS
World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve.
SINGAPORE, Jan 10 (Reuters) - Chicago soybean futures lost more ground on Tuesday, with a lack of demand for U.S. supplies weighing on the market, although losses were limited by dry weather curbing yields in key supplier Argentina.
Wheat fell for a third consecutive session while corn slid.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.3% at $14.84-3/4 a bushel, as of 0113 GMT, wheat Wv1 gave up 0.2% to $7.39-3/4 a bushel and corn Cv1 fell 0.2% to $6.51-1/4 a bushel.
The U.S. Department of Agriculture (USDA) on Monday reported weekly grain export inspections for corn, soybeans and wheat near the low-end of a range of trade estimates. U.S. exports have struggled to compete in the global market with cheaper South American supplies.
The market is cautious ahead of Thursday's global crop supply-and-demand estimates from the USDA. In the report, the USDA is expected to cut its corn and soy production outlook for drought-hit Argentina but also raise its estimate of U.S. grain and soybean supplies.
Grain traders are also monitoring developments in Brazil, where supporters of far-right former President Jair Bolsonaro stormed government buildings on Sunday.
The Brazilian real weakened against the dollar on Monday, making the country's crop exports even more affordable than U.S. supplies on the global market.
Harvesting of Brazil's 2022/2023 soybean crop had reached 0.04% of the national planted area on Thursday last week, compared with 0.2% in the year-ago period, agribusiness consultancy AgRural said on Monday.
The consultancy cited disruption to field work because of wet conditions in states including top soybean grower Mato Grosso.
In the Black Sea region, Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday.
Commodity funds were net sellers of CBOT corn, wheat, soybean and soymeal futures contracts on Monday and net buyers of soyoil futures, traders said.
MARKET NEWS
World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve.
9 января MPOC посетили представители Министерства сельского хозяйства США (USDA), г-н Абдул Гани Вахаб, г-н Джастин Дженкинс, г-жа Карен Ричардс и г-н Люк Каммингс.
#MPOC #MalaysianPalmOil #FullofGoodness #MSPO #sustainability #экологическичистый #hijau
#MPOC #MalaysianPalmOil #FullofGoodness #MSPO #sustainability #экологическичистый #hijau
Малайзия Декабрь S&D завершая 2022 год. Вот ожидания от производства. #PalmOil
Источник: Palm Oil Analytics
Источник: Palm Oil Analytics
VEGOILS-Palm at three-week low as early-Jan exports plummet
KUALA LUMPUR, Jan 11 (Reuters) - Malaysian palm oil futures extended losses for a second session, hitting a nearly three-week low on Wednesday, as traders weighed demand concerns after early-January shipments plummeted by half.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.91%, to 3,908 ringgit ($893.46) a tonne during early trade, its lowest since Dec. 23.
FUNDAMENTALS
Exports from Malaysia during Jan. 1-10 plunged between 49%and 51% from the same week in December as shipments to India slowed, cargo surveyors data showed on Tuesday.
Malaysia's December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.6% while its palm oil contract DCPcv1 eased 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve's interest rate policy.
KUALA LUMPUR, Jan 11 (Reuters) - Malaysian palm oil futures extended losses for a second session, hitting a nearly three-week low on Wednesday, as traders weighed demand concerns after early-January shipments plummeted by half.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.91%, to 3,908 ringgit ($893.46) a tonne during early trade, its lowest since Dec. 23.
FUNDAMENTALS
Exports from Malaysia during Jan. 1-10 plunged between 49%and 51% from the same week in December as shipments to India slowed, cargo surveyors data showed on Tuesday.
Malaysia's December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed on Tuesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.6% while its palm oil contract DCPcv1 eased 2.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve's interest rate policy.
GRAINS-Wheat drops for 4th session on supply pressures; corn falls
SINGAPORE, Jan 11 (Reuters) - Chicago wheat futures slid for a fourth consecutive session on Wednesday to trade near last session's 15-month low, as poor demand for U.S. shipments amid ample Black Sea supplies weighed on the market.
Corn eased, giving up last session's gains, while soybeans ticked lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 lost 0.5% to $7.27-1/4 a bushel, as of 0112 GMT, after dropping to its lowest since Oct. 2021 at $7.20-1/2 a bushel on Tuesday.
Corn Cv1 fell 0.2% to $6.53-1/2 a bushel and soybeans Sv1 lost 0.1% to $14.84 a bushel.
A lack of demand for U.S. wheat is weighing on Chicago futures.
Egypt's state grains buyer, the General Authority for Supply Commodities, is believed to have booked at least 60,000 tonnes of Russian wheat in an international tender on Tuesday, traders said.
India's wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders told Reuters.
Higher wheat output could encourage India, the world's second-biggest producer of the grain, to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices.
The USDA is expected to cut its corn and soy production outlook for drought-hit Argentina but also raise its estimate of U.S. grain and soybean supplies.
Hot, dry weather is expected across Argentina's crop belt over the next 10 days, adding stress on an already drought-diminished crop, according to a Commodity Weather Group forecast.
However, the drought in Argentina is likely to break in coming months, though it could be March before rain and soil moisture levels fully return to normal, the Buenos Aires Grain Exchange said on Tuesday.
Argentina is one of the world's top food producers, but dry conditions over much of the past year have taken a toll on its key agricultural regions, delaying its soybean and corn crops and halving wheat production this season.
Anec, a Brazilian trade group representing grain exporters, on Tuesday said the country has booked shipments of more than 1 million tonnes of corn to China in January, putting Brazil on course to export a record overall volume in the current month.
Commodity funds were net sellers of CBOT wheat, soybean, soyoil and soymeal futures contracts on Tuesday and net buyers of corn futures, traders said.
MARKET NEWS
Wall Street's major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week.
SINGAPORE, Jan 11 (Reuters) - Chicago wheat futures slid for a fourth consecutive session on Wednesday to trade near last session's 15-month low, as poor demand for U.S. shipments amid ample Black Sea supplies weighed on the market.
Corn eased, giving up last session's gains, while soybeans ticked lower.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 lost 0.5% to $7.27-1/4 a bushel, as of 0112 GMT, after dropping to its lowest since Oct. 2021 at $7.20-1/2 a bushel on Tuesday.
Corn Cv1 fell 0.2% to $6.53-1/2 a bushel and soybeans Sv1 lost 0.1% to $14.84 a bushel.
A lack of demand for U.S. wheat is weighing on Chicago futures.
Egypt's state grains buyer, the General Authority for Supply Commodities, is believed to have booked at least 60,000 tonnes of Russian wheat in an international tender on Tuesday, traders said.
India's wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders told Reuters.
Higher wheat output could encourage India, the world's second-biggest producer of the grain, to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices.
The USDA is expected to cut its corn and soy production outlook for drought-hit Argentina but also raise its estimate of U.S. grain and soybean supplies.
Hot, dry weather is expected across Argentina's crop belt over the next 10 days, adding stress on an already drought-diminished crop, according to a Commodity Weather Group forecast.
However, the drought in Argentina is likely to break in coming months, though it could be March before rain and soil moisture levels fully return to normal, the Buenos Aires Grain Exchange said on Tuesday.
Argentina is one of the world's top food producers, but dry conditions over much of the past year have taken a toll on its key agricultural regions, delaying its soybean and corn crops and halving wheat production this season.
Anec, a Brazilian trade group representing grain exporters, on Tuesday said the country has booked shipments of more than 1 million tonnes of corn to China in January, putting Brazil on course to export a record overall volume in the current month.
Commodity funds were net sellers of CBOT wheat, soybean, soyoil and soymeal futures contracts on Tuesday and net buyers of corn futures, traders said.
MARKET NEWS
Wall Street's major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week.