热门标签

皇冠管理端登3网址(www.99cx.vip):Cheaper CPO on the way

时间:2周前   阅读:1   评论:2

皇冠管理端登3网址皇冠管理端登3网址(www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端登3网址、皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。

CLICK TO ENLARGE

PETALING JAYA: Crude palm oil (CPO) prices are expected to come under more pressure, as Malaysia’s palm oil stockpile is likely to increase further in the coming months.

After hitting a seven-month high in June, analysts believe the palm oil stockpile may increase on the back of a seasonally higher output trend and increasing competition from Indonesian exports.

CGS-CIMB Research said that Malaysian palm oil stocks are likely to be at the beginning of an upcycle.

“We project palm oil stocks to rise 21.4% month-on-month (m-o-m) to two million tonnes by end-July 2022, on higher output and lower exports,” it said in a note yesterday.

In June 2022, Malaysia’s CPO production rose by 6% m-o-m on higher harvesting days, while exports fell 12% m-o-m.

Amid the higher supply in the market, analysts are projecting lower CPO prices in the July-to-December 2022 period, following the higher-than-expected CPO prices in the first half of 2022 (1H22).

,

手机新2管理端www.hg108.vip)实时更新发布最新最快最有效的手机新2管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

UOB Kay Hian Malaysia Research said CPO prices could remain weak in the near term, with the Indonesian government starting to allow more exports by increasing the domestic market obligation ratio and logistics congestion in Indonesia easing towards end-July.

UOB Kay Hian Malaysia Research said: “The Malaysian Palm Oil Board’s (MPOB) average CPO price for the first six months of 2022 was at RM6,301.50 per tonne, up 55.5% year-on-year, with the second quarter of 2022 (2Q22) likely to be the peak for this cycle. The average local CPO price as reported by the MPOB for July 1 to 9 is now RM4,243 per tonne.”

“We believe the news flow would send a negative signal to the market with an impression of high inventory levels in Indonesia and cause buyers to wait for a lower purchase price,” it said.

The research house also pointed out that CPO prices have already peaked.

“The Malaysian Palm Oil Board’s (MPOB) average CPO price for the first six months of 2022 was at RM6,301.50 per tonne, up 55.5% year-on-year, with the second quarter of 2022 (2Q22) likely to be the peak for this cycle.

“The average local CPO price as reported by the MPOB for July 1 to 9 is now RM4,243 per tonne,” it added.

It is noteworthy that CPO prices have fallen by over 45% from their peak of RM8,074 per tonne in early March, averaging at RM6,209 per tonne year-to-date.

上一篇:皇冠信用盘开户(www.hg108.vip):IVF Việt – Bỉ triển khai cam kết vàng

下一篇:环球ug平台卖分(www.ugbet.us)_一得之见/一场决胜简单利落

网友评论

  • 2022-12-24 00:31:15

      福建省水文水资源勘测中心于6月6日23时18分发布山洪灾害风险橙色预警:根据降雨数值预报,预计未来24小时,以下区域可能出现山洪灾害风险:新罗区、连城县、漳平市发生山洪灾害可能性大(橙色预警);同安区、大田县、永春县、长汀县、上杭县、武平县发生山洪灾害可能性较大(黄色预警);平潭综合实验区、翔安区、城厢区、永安市、丰泽区、惠安县、安溪县、德化县、晋江市、南安市、华安县、永定区可能发生山洪灾害(蓝色预警)。请当地有关单位和公众注意做好转移避险等防范工作。(总台记者 吴燕敏)谁最喜欢这部?