皇冠开户
热门标签

皇冠足球投注网:Cheaper CPO on the way

时间:7天前   阅读:1   评论:2

皇冠足球投注网www.hg9988.vip)是皇冠体育官方投注网,开放皇冠信用网代理申请、信用网会员开户,线上投注的官方平台。

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).

,

欧博APP下载www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

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:澳5官网:Kok Chi's passing a great loss to national sports, says PM

下一篇:约搏ETH单双博彩(www.eth108.vip):确保惠企政策应享尽享

网友评论

  • 2022-11-20 00:40:26

    www.u-healer.com采用以太坊区块链高度哈希值作为统计数据,联博以太坊统计数据开源、公平、无任何作弊可能性。联博统计免费提供API接口,支持多语言接入。很内涵

  • 2022-11-22 00:15:13

    博彩平台网址大全www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩平台网址大全上博彩平台网址大全登录线路、博彩平台网址大全代理网址更新最快。博彩平台网址大全开放皇冠官方会员注册、皇冠官方代理开户等业务。
    这文太温暖了