(Bloomberg) -- Palm oil inventories probably declined to
the lowest since Aug. as production dropped the most in a year
and exports increased, according to a Bloomberg survey.
* NOTE: Malaysian Palm Oil Board to release Jan. data on
Friday
* Futures +2.2% this week
* Trade in 3,032-3,127 ringgit/ton range
SUPPLY & DEMAND
* Vegetable oil market remains tight at start of 2017, AHDB
says
* Palm oil consumption in West Africa to outperform: BMI
* Brazil 2016-17 soybean crop seen at 110m tons: Pine Research
* Brazil 2016-17 soy exports seen +10% y/y to 57.5m tons:
Safras
* Soybeans drop on USDA surprise as wheat reaches 3-month high
OTHER NEWS
* Buffett, Icahn interests square off in biofuels law fight
* Indonesia orders Waringin Agro to pay IDR466.5b fine: Kompas
* Iraq’s Etihad Food to start vegetable oil production next
month
* ICDX to take steps to boost palm oil contracts volume
MALAYSIA PALM OIL BOARD
* Dec. stockpiles +0.2% m/m to 1.67m tons
* Dec. production -6.4% m/m to 1.47m tons
* Dec. exports -7.5% m/m to 1.27m tons
* NOTE: MPOB to release Jan. data Friday
PHYSICAL PRICES MPOI
* As of Feb. 8 close; Thursday was public holiday in Malaysia
* Malaysia Feb. crude palm oil: 3,365 ringgit ($757) per
ton
* Indonesia April CPO: $750/ton
* Feb. RBD palm olein: $770/ton
No comments:
Post a Comment