Malaysia's June 1-25 Palm oil Exports Rise 3.9% On Mo-Intertek KUALA LUMPUR (Dow Jones)Malaysia's palm oil exports rose 3.9% on month during the June 1-25 period to 1.02 million metric tons compared with 979,327 tons sold in the first 25 days of the previous month, cargo surveyor Intertek Agri Services said Thursday. The figure is above market expectations, which pegged shipments to be unchanged or fall 1%-2% on month. Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimates later Thursday.
By Lim Shie-Lynn, Dow Jones Newswires; +(603) 2026 1233 --- In obrolan-bandar@yahoogroups.com, Joe Grunk <joe_gr...@...> wrote: > â <<CS Asia palm oil sector 23 JUN > 2009.pdf>> > > Year-to-date, palm oil prices have peaked at > RM2,880/tonne (t) in > > mid-May to current levels of about > RM2,300/t. > > â > > Negatives for vegetable oil prices: 1) Germany will > cut 2009 > > biodiesel blending target to 5.25% from 6.25% originally > intended; > > 2) speakers in 2009 Indonesia Palm Oil Conference expect > palm > > oil prices to decline to US$550-600/t; 3) vegetable oil > inventories > > at Indian ports hit an all-time high; and 4) 30 June USDA > report on > > actual soy plantings will show a higher area than the > intentions > > report. > > â > > Positive for vegetable oil prices is > Oil World projects the stock-touse > > ratio for global 17 oils and fats will > decline to 10.3% in the > > 2009/10 season versus 10.4% in the current > 2008/09 season. > > â > > We remain bearish on palm oil, as we expect > supply to recover > > (reversal of tree stress, seasonally high production) > while exports > > to wane (exports to India unsustainable, restocking is > over). > > Maintain UNDERWEIGHT on Malaysian palm oil stocks > and > > OVERWEIGHT on Indonesian palm oil players. El Nino is the > wild > > card. > > > > > > > > > > > > > > > > Mulai chatting dengan teman di Yahoo! Pingbox baru sekarang!! Membuat > tempat chat pribadi di blog Anda sekarang sangatlah mudah. > http://id.messenger.yahoo.com/pingbox/ >
