,Malaysia is a major grower of oil palms, accounting for a quarter of the world's palm oil production in 2020. – The Malaysian Insight file pic, June 14, 2022.足彩app（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足彩app上登录线路最新、新2皇冠网址更新最快,足彩app开放皇冠会员注册、皇冠代理开户等业务。
MALAYSIA’S crude palm oil (CPO) export volume is expected to ease in June, said Maybank Investment Bank (Maybank IB).
In a research note today, the investment bank said the projection is based on the lifting of Indonesia’s export ban at the end of May, which in turn, is likely to result in a pick-up in Malaysian Palm Oil Board’s (MPOB) inventory in June.
“Preliminary Malaysian export estimates for shipments in the first 10 days of June 2022 by independent cargo surveyors Amspec and Intertek were a mixed trend at 363,732 tonnes and 415,348 tonnes, respectively.
“Barring any unexpected weather anomaly, we anticipate rising global supplies of oilseeds and CPO in the second half of 2022 (2H22) to pressure CPO price on the downside,” the note said.
It noted that with relatively normal-to-good weather, production of oilseeds in the northern hemisphere could turn out strong in 2H22, after two years of unfavourable weather and crop yield.
“Likewise, we expect a seasonally stronger palm oil output in 2H22. Hence, we expect CPO price to weaken in 2H22 compared to the same period last year.
“In the near-term, CPO price downside is buffered by the strength of competing oil prices as CPO price is now trading at decent discounts to competing oils.” – Bernama, June 14, 2022.