皇冠现金网
热门标签

欧博会员登录:Palm oil prices to fall more due to distress selling by Indonesia

时间:3个月前   阅读:9   评论:1

欧博会员登录www.aLLbet8.vip)是欧博集团的官方网站。欧博会员登录开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

Indonesia's domestic crude palm oil prices also suffered because of the immense oversupply and difficulties in restarting exports, said Julian McGill, LMC International's head of the Southeast Asia region at an industry conference.

KUALA LUMPUR: Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday.

Malaysia's benchmark crude palm oil prices FCPOc3 rose to record highs earlier this year as Russia's invasion of Ukraine and a temporary export ban by Indonesia tightened global edible oil supply.

Despite lifting the ban, Indonesia's exports have not reverted to normal levels as the government required companies to sell a portion of output at home before issuing export permits, in a bid to control local cooking oil prices.

This has led to a surge in stocks and a slump in prices.

Indonesia's domestic crude palm oil prices also suffered because of the immense oversupply and difficulties in restarting exports, said Julian McGill, LMC International's head of the Southeast Asia region at an industry conference.

,

免费专家足球贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

"You are going to see a weakness in prices as Indonesia becomes a truly distressed seller," McGill added.

Last week, Indonesia said it was considering removing the domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices.

Clear signs of reduced demand and upcoming peak production in Indonesia will further weigh on the market, he said.

"So you're having to work with the fact that there is more and more oil coming, how do you get rid of it. This is a disaster," he added.

When Indonesian exports return to normal levels, its palm oil supply will head to Malaysia, the second biggest palm oil producer, he said. - Reuters


转载说明:本文转载自Sunbet。

上一篇:新二皇冠最新手机登录:Wall St Week Ahead-Soft landing hopes for US economy brighten outlook on stocks

下一篇:手机新2管理端:Aneka and Samaiden to tap Indonesia’s energy market

网友评论

  • 2022-09-11 00:23:10

    “If lowering the rent is still not sufficient, we will give free (rental) on these premises to allow them to lower the price of chicken and other items,” he told reporters after launching Ministry of Federal Territories Sihat dan Hebat programme in Putrajaya today.我的心里只有这个了