Tuesday 12 February 2019

Malaysian palm oil off to a suitable begin in 2019

http://blog.epicresearch.my/


The Malaysian palm oil area is off to a true begin in 2019 as stock degrees fell 6.7% month-on-month to three million metric tonnes (mt) on the lower back of decrease manufacturing and better exports.
"Jan palm oil stock fell for the first time in 8 months, down 6.7% MoM, to 3.03m mt, which is slightly below market expectations," stated the research residence on Tuesday.
"Consequently, stock-to-usage ratio slipped from 15.7% to 12.3% as export demand grew while production declined."
CPO exports jumped to the very best level since August 2016 as it rallied 21.2% month-on-month to 1.67 million mt.
The EU showed the strongest enlarge in demand of greater than 160%, followed by using China (18%) and India (12%), following the downward revision for CPO import duty.
Meanwhile, CPO production fell 3.9% month-on-month to 1.73 million mt, which was its lowest on account that September 2018.
Public Invest cited that the decline in countrywide manufacturing used to be mostly from East Malaysia, down 8.6% month-on-month whilst production in Peninsular Malaysia was once marginally higher.
CPO futures rallied extra than 16% to RM2,270/mt after falling to its lowest in two years as the market saw symptoms of decline in the record excessive inventory level in the course of the low production season.
Public Invest sees every other challenging quarter for most plantation players in the upcoming quarterly results season as average CPO game rate was once weaker in Q4 at RM1,920/mt.

Epic Research deliver real time analysis and stock recommendations malaysia in Forex, Comex and Stocks using all digital platforms. In Comex segment, we offer daily Signal of crude oil, Palm oil, Gold, Silver, Copper, Zinc, Lead and Aluminum stock recommendation in Bursa Malaysia Stocks Sign Up for a 3 Day Free Trial. Simply call at +60350219047.

Follow Us On Twitter : www.twitter.com/epicresearchmy
Like Us On Facebook : www.facebook.com/EpicResearchMalaysia

No comments:

Post a Comment