Palm oil production is expected to rise only a little this year and global use is rising, leading to expectations that year-end stocks will shrink. That is usually a recipe for solid price support, but the market is also influenced by policy decisions and energy markets so pricing predictions are hard to make. Palm oil, […] Read more
Tag Archives palm oil — page 2
Effects of Indonesia’s palm oil export ban still uncertain
Market traders sort out what percentage of exports will be affected by the ban as well as how long it will be in place
A tight vegetable oil market just got a whole lot tighter but it may not have much impact on already sky-high canola prices, says an analyst. Indonesia has banned the export of certain types of palm oil effective April 28. Traders were initially stunned that a country responsible for 56 percent of world palm oil […] Read more
Effects of Indonesia’s palm oil export ban still uncertain
A tight vegetable oil market just got a whole lot tighter but it may not have much impact on already sky-high canola prices, says an analyst. Indonesia has banned the export of certain types of palm oil effective April 28. Traders were initially stunned that a country responsible for 56 percent of world palm oil […] Read more
Palm oil production to increase
WINNIPEG (MarketsFarm) — There’s to be a small increase in palm oil production in Indonesia in 2022-23, according to the U.S. Department of Agriculture’s attaché in Jakarta. The USDA official pegged palm oil output to rise by 1.1 percent at 46 million tonnes due to favourable weather and higher prices for producers. Also, the attaché […] Read more
Palm oil prices might not drop as production rises due to oil demand
Palm oil production is expected to rebound in Malaysia and Indonesia in 2022 providing some relief to the vegetable oil shortage, says an international analyst. Sathya Varqa, owner and co-founder of Singapore-based Palm Oil Analytics, expects a five-to-eight percent increase from 2021 levels in Malaysia and a three percent hike in Indonesia. Indonesia is the […] Read more
