Tuesday, March 31, 2009

Malaysia's March Palm Oil Exports Up 5.4% On Month

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports rose 5.4% on month in March to 1.22 million metric tons, cargo surveyor, SGS (Malaysia) Bhd., said Tuesday.

According to SGS, exports were 1.16 million tons in February, 1.33 million tons in January and 1.64 million tons in December.

Exports are unchanged on year. SGS had estimated last March's shipments at the same volume, though palm oil prices then were almost double of current levels.

The SGS estimate is above that of Intertek Agri Services, which pegged the figure at 1.16 million tons, down 0.5% on month.

The following are the major items of export, according to SGS:
(All figures are in metric tons)

March February
RBD Palm Olein 542,081 488,864
RBD Palm Oil 140,901 143,656
RBD Palm Stearin 118,739 115,318
Crude Palm Oil 190,260 221,590

Major importers of Malaysian palm oil:
European Union 216,778 147,818
China 331,932 359,670
U.S. 107,995 71,955
India 84,250 120,100
Pakistan 133,978 135,600

Asia Crude Palm Oil Ends Up On Export Recovery, Short Covering

Crude palm oil futures on Malaysia's derivatives exchange rose 1.5% in rangebound trade Tuesday as investors covered shorts on a recovery in exports and spillover support from soybean oil.

Read also in category "Palm market news":

The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.

Malaysia's palm oil exports rise on higher purchases by EU, US, data from cargo surveyors show.

Malaysia cash palm oil higher amid limited supply.

Indonesia's PT Astra Agro Lestari Tuesday said in a statement it sold 8,000 metric tons of crude palm oil offered in an auction.

Indonesia's PT Perkebunan Nusantara Tuesday said in a statement it sold 4,000 metric tons of crude palm oil offered in a government auction.

Following are Indonesian physical palm oil prices quoted by traders in rupiah a kilogram.

Malaysia's palm oil exports rose 5.4% on month in March to 1.22 million metric tons, cargo surveyor, SGS (Malaysia) Bhd., said Tuesday.

Malaysia's March palm oil exports fell 0.5% from the previous month to 1.16 million metric tons, cargo surveyor Intertek Agri Services said Tuesday.

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CBOT Soy Review: Lower; Econ Woes, Void Of Fresh Support

Soybean futures on the Chicago Board of Trade settled lower Monday, succumbing to selling pressure associated with economic woes and a lack of fresh supportive news.

Read also in category "Soy market news":

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CBOT soy product futures ended lower, stumbling in unison with soybeans.
MARKET TALK:CBOT Soybeans Stumble; Econ Woes,Support Lacks

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MARKET TALK: CBOT Soybeans Sustaining Weakness Down Stretch

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MARKET TALK: CBOT Soybeans Pinned Lower On Outside Pressure

CBOT soybeans stay planted in negative territory, with bearish economic outlooks casting a bearish cloud over the market.
MARKET TALK: CBOT Soybeans Stumble On Outside Mkt Weakness

CBOT soy futures stumbled out of the starting blocks Monday, succumbing to bearish outside market influences.
CBOT Soy Outlook: Lower; Economic Woes, Lacks Fresh Support

Chicago Board of Trade soybean futures are poised for a lower start to Monday's day session, with economic woes and an absence of fresh supportive news weighing on the market.
US Cash Grain Outlook: Mkt Preparing For Big USDA Crop Report

The US cash grain market Monday was actively anticipating release of prospective planting and grain stocks reports from the USDA, amid an environment of uneven basis and faltering futures prices.
Brazil Soy Export Premiums And Discounts - Mar 27

Premiums and discounts for soybeans at Paranagua port, Brazil, against Chicago Board of Trade quotes.
MARKET TALK: Large Specs Add Length In CBOT Soybeans

Large speculative traders now hold 17,176 net long positions in CBOT soybean futures and options combined contracts as of March 24, compared with net shorts of 970 in the previous week, according to the Commodity Futures Trading Commission in its supplemental commitments of traders report.
Argentina Port Trade-Weighted Grain,Oilseed FOB - Mar 27

Free-on-board prices in U.S. dollars per metric ton.
MARKET TALK: India Soybean Futures End Down On Global Cues

India April soybean contract on NCDEX erases early gains and provisionally ends down 0.2% at INR2,343/10 kg, tracking global markets, on reports government extended stock limits on edible oils until Sept. 30.
European Veg Oil AM Soft Oil Prices - Mar 30 at 1330 local time at 1330 local time

Lowest known offers at 1330 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders:
Technical Analysis: US Soy Complex Futures - Mar 30

May soybeans on Friday closed lower, near the session low, hit a fresh two-week low and closed at a bearish weekly low close.
China Soybean Futures Settle Down On Cash Prices, USDA Report

Soybean futures traded on China's Dalian Commodity Exchange settled lower Monday on declines in local cash prices and in Chicago Board of Trade futures Friday, and expectations of greater supply from the U.S. this year.
MARKET TALK: India Soybean Futures Up 0.5%; Weak Supplies

India April soybean contract on NCDEX up 0.5% at INR2,358/100 kg, tracking firm overseas markets, decline in local supplies.
MARKET TALK: India Soybean Futures Likely Down; Rapeseed Supply

India soybean futures likely to open slightly lower on end of farmers' strike in Argentina, high rapeseed arrivals in local markets.


Read more on Palmoil.com homepage [www.palmoil.com]

Monday, March 30, 2009

Asian Crude Palm Oil Ends Dn On Crude,Soyoil; Exports May

Crude palm oil futures on Malaysia's derivatives exchange declined Monday on pressure from lower soybean oil and crude oil futures and expectations of lower on-month exports in March, said trade participants.

Malaysian Cash Market Prices For Palm Oil - March 30 at 1000 GMT Monday

The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.
Indonesian Physical Palm Oil Prices March 30

Following are Indonesian physical palm oil prices quoted by traders in rupiah a kilogram.
Indonesia Astra Agro Sells 1,500 Tons CPO Monday

Indonesia's PT Astra Agro Lestari said in a statement it sold 1,500 metric tons of crude palm oil offered in an auction Monday.
Indonesia PTPN Sells 2,000 Tons CPO At Auction Monday

Indonesia's PT Perkebunan Nusantara Monday said in a statement it sold 2,000 metric tons of crude palm oil offered in a government auction.

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