Palm oil prices in Malaysia

Introduction: traders said that Malaysian palm oil futures were not affected by the bullish export data on Friday, and the market was worried about the further decline of CBOT price and the lack of new guidance SGS, a cargo inspection agency, said Malaysia's palm oil exports increased to 453336 tons in the first 15 days of June from 429985 tons in the same period in May One trader said: "some traders will make profit trading before the weekend, because CBOT may fall further tonight The time that Chicago has fallen makes people more worried " MPOB, Malaysia's palm oil trading Bureau, said that the country's palm oil production increased from 921709 tons in April to 985063 tons in May It claims that the inventory at the end of May fell to 1.187 million tons, compared with 1.19 million tons at the end of April Some traders saw the news as neutral, especially as inventories at the end of May were lower than private forecaster Ivan Wong had already published estimates Ivan Wong said this week that the end of May inventory was estimated at 1.23 million tons The three-month benchmark August contract, which expires on Friday, fell 10 ringgit to close at the day's lowest price of 813 ringgit / ton ($213.95 / ton) The total volume of transactions was 1202 Natural market: in June, the offer price of crude palm oil in the South was 810 ringgit / ton, and the offer price was 805 ringgit / ton The transaction price is rm810-815 / ton In June, the central offer price of crude palm oil was 810 ringgit / ton, the offer price was 800 ringgit / ton, and the reported transaction price was 810 ringgit / ton In July, the offer price of crude palm oil in the South and central regions was rm815 / T, and the offer price was rm810 / T it was reported that the transaction price in the two regions was rm815-820 / T Among refined products, RBD palm oil was quoted at US $232.50/ton FOB in June and US $235 / ton in July The offer price of RBD palm liquid oil in June / July was 250 US dollars / ton, and the offer price of RBD palm stearin essence in June was 182.5 US dollars / ton (1 USD = 3.8 ringgit) (author:) share to feed Weibo share to: