皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

皇冠足球网址(www.99cx.vip):Malaysia end-July palm oil stocks seen at 8-month high as output rises

admin2022-09-1813

皇冠足球网址www.99cx.vip)实时更新发布最新最快最有效的皇冠足球网址,包括皇冠手机网址,皇冠备用网址,皇冠最新网址,皇冠足球网址,皇冠网址大全。

KUALA LUMPUR: Malaysia's palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday.

Stockpiles in the world's second-largest producer expanded 8.3% from June to 1.79 million tonnes, according to the median estimate of 11 traders and analysts polled by Reuters.

Production also rose to its highest since November, up 2% to 1.58 million tonnes. Exports gained 2.2% to 1.22 million tonnes while imports surged 35% to 80,000 tonnes.

The better exports could be due to slower than expected palm oil exports from larger producer Indonesia, despite Jakarta easing restrictions on shipments, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.

Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics, said exports would soon gather pace in Indonesia.

"Lower cash prices, widening palm discount to its nearest rival bean oil and reduced export tax will offer increasing palm export opportunities to Indonesia, fuelling competition to Malaysia," Varqa said.

,

皇冠博彩公司www.hg9988.vip)是一家值得信赖的博彩公司,皇冠博彩公司官方投注网,开放皇冠信用网代理申请、信用网会员开户,线上博彩的官方平台。

,

Concerns over demand for Malaysian palm oil as Indonesia cuts taxes and raises exportable volumes to clear its lofty inventories has pushed benchmark crude palm oil prices from record highs to its lowest in a year.

Varqa expects palm oil prices to flux between 3,800-4,200 ringgit ($943.40) a tonne in August and September.

The Malaysian Palm Oil Board is scheduled to release its data on August 10.

Breakdown of July estimates (in tonnes):

* Official stocks of 1,655,073 tonnes in June plus the above estimated output and imports yield a total July supply of 3,311,105 tonnes. Based on the median of exports and closing stocks estimate, Malaysia's domestic consumption in July is estimated to be 298,554 tonnes. - Reuters


转载说明:本文转载自Sunbet。

网友评论

1条评论