胜负彩:Cheaper CPO on the way

胜负彩（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。胜负彩上胜负分析专家数据更新最快。胜负彩开放皇冠官方会员注册、皇冠官方代理开户等业务。

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).

telegram怎么搜索群聊（www.tel8.vip）是一个Telegram群组分享平台，telegram怎么搜索群聊包括telegram怎么搜索群聊解决方案、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram怎么搜索群聊为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

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.