Malaysian palm oil futures rebounded to around MYR 6,600 a tonne, approaching their all-time high of MYR 7,108 amid tight market conditions and the Ukraine crisis. The ongoing war in Ukraine has added to upside risks in the palm oil market, as sunflower oil exports from the Black Sea region are halted, boosting further demand for alternative palm oil. On the supply side, the Malaysian Palm Oil Board estimated the country's production in February fell 1.79% from the previous month, while exports for Feb. 1-25 rose over 25.1% to 1,095,753 tonnes from 876,056 tonnes shipped during the same period of January. Given the above, Malaysia's palm oil inventories at end-Feb likely plunged to their lowest in 10 months. Also, Indonesia, the world's top producer, started requiring producers to sell 20% of their planned exports to the domestic market in a bid to calm domestic prices.
Malaysian palm oil futures rebounded to around MYR 6,600 a tonne, approaching their all-time high of MYR 7,108 amid tight market conditions and the Ukraine crisis. The ongoing war in Ukraine has added to upside risks in the palm oil market, as sunflower oil exports from the Black Sea region are halted, boosting further demand for alternative palm oil. On the supply side, the Malaysian Palm Oil Board estimated the country's production in February fell 1.79% from the previous month, while exports for Feb. 1-25 rose over 25.1% to 1,095,753 tonnes from 876,056 tonnes shipped during the same period of January. Given the above, Malaysia's palm oil inventories at end-Feb likely plunged to their lowest in 10 months. Also, Indonesia, the world's top producer, started requiring producers to sell 20% of their planned exports to the domestic market in a bid to calm domestic prices.
Posted by calvintaneng > 6 hours ago | Report Abuse
Hi sifu . Many plantation counter already quite high. If for me still can add on is Wtk And Mkh My Favourite relat to plantation is Wtk and Mkh Because they not only plantation also got other businesses so safe maybe ?
Hi Calvin thanks for the information Appreciate but I already earn enough on plantation And be honest I already profit taken my Mhc bplant and cepat which I in few months ago. And also be honest to Calvin now still keep Wtk and Mkh only Because I feel the Wtk and Mkh not yet reach my target And others which I feel still cheap now is Tdm and Nsop . Btw still need to thank Calvin the free information. Hope you all the best Thanks
Production output drop again. If only the country manage to solve the labour issue much earlier, the golden opportunity to reap more bonanza for all plantation owners.
Palm oil price rise due to supply suppression and they blame it on labour shortage. There are plenty of unemployed Malaysians who are legible workforce. With proper salary scale and benefits both can prosper. However, corridors of power is afraid of ulterior motives. That is why they are dependent on foreign workforce who subscribe to same faith.
NEW YORK (March 12): Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth.
With the US economy already feeling the stress of a broad, post-Covid-19 boost in demand and a quick resolution to the West’s standoff with Russia in doubt, some investors are betting high commodity prices are likely to remain for the foreseeable future.
"This is a very unique environment that we’re in because you have both demand shocks and supply shocks to the system at the same time," said Eric Marshall, a portfolio manager at Hodges Capital.
Marshall believes demand for commodities is likely to remain strong even if geopolitical tensions ebb, fuelled by factors like electric car battery production, which requires metals such as copper and nickel. A US$1 trillion US infrastructure bill passed in November is increasing demand for steel, cement and other commodities, he said.
He is increasing his stake in steel producer Cleveland Cliffs Inc and agricultural companies Tyson Foods Inc and Archer Daniels Midland Co, while cutting positions in consumer companies most likely to feel the brunt of higher gas and commodities.
Matthew Schwab, portfolio manager of the Harbor Capital All-Weather Inflation Focus ETF, has increased his exposure to oil and metals futures. Prices for industrial metals are likely to stay high due to underproduction during the coronavirus pandemic, while oil companies appear content to trade lower production for higher prices, he said.
"You are able to see the signs of a commodity price rally in the lack of investment over the last decade," Schwab said.
Mark Khalamayzer, lead manager of the Columbia Commodity Strategy Fund, has increased his exposure to oil and agricultural commodities to the highest limits allowed by his fund prospectus, betting that the conflict in Ukraine will lead to prices spiralling higher.
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Posted by calvintaneng > 2022-03-08 22:45 | Report Abuse
https://tradingeconomics.com/commodity/canola
CLICK ON "ALL" BUTTON TO SEE FULL HISTORIC PRICE CHART OF CANOLA OIL