Malaysian palm oil prices have been weak and volatile recently.

palm oil price

International palm oil prices have fluctuated and fallen recently. On October 11, the closing price of the crude palm oil benchmark contract of Bursa Malaysia Derivatives Exchange (BMD) was RM3,551/ton, a decrease of RM213/ton, or 5.7%, from before the “Double Festival”, falling to the lowest since mid-June; spot price On the other hand, the FOB quotation of Malaysian palm oil for the November shipping date is US$800/ton, which is US$35/ton lower than before the “Double Festival”, a decrease of 4.4%. Mainly because Malaysian palm oil inventories have increased for the fifth consecutive month, suppressing palm oil prices in producing areas.

Supply and demand data for September released by the Malaysian Palm Oil Board (MPOB) showed that Malaysian palm oil stocks hit an 11-month high at the end of September due to a decline in exports. Among them, palm oil stocks at the end of September were 2.314 million tons, an increase of 9.6% from the previous month, but slightly lower than the 2.38 million tons expected by analysts; crude palm oil production in September was 1.829 million tons, an increase of 4.3% from the previous month, lower than market expectations. of 1.86 million tons; export volume in September was 1.196 million tons, a month-on-month decrease of 2.1%, lower than market expectations of 1.32 million tons; import volume in September was 49,000 tons, a month-on-month decrease of 55.7%, lower than market expectations of 80,000 tons .
Malaysian palm oil inventories are expected to continue to rise in October and basically reach the highest level during the year.

On the one hand, October is still the high production season for Malaysian palm oil, and output is expected to remain high. According to data from the South Malaysian Oil Palm Association (SPPOMA), Malaysia’s palm oil production increased by 7.7% month-on-month from October 1 to 10, the unit yield increased by 5.7% month-on-month, and the oil yield increased by 0.36% month-on-month.

On the other hand, although exports of Malaysian palm oil have accelerated after the price of palm oil fell, domestic vegetable oil inventories in major importing countries such as India are high and subsequent import growth is limited, which will restrain the growth of Malaysian palm oil exports in October. Data from shipping survey agency ITS showed that Malaysian palm oil exports from October 1 to 10 were 395,000 tons, a month-on-month increase of 12.5%; data from another agency, AmSpec, showed that exports were 396,000 tons, a month-on-month increase of 29.6%.

Overall, it is expected that Malaysian palm oil inventories will accelerate to peak in October, and palm oil prices will remain weak and volatile under high inventories. After November, palm oil will enter the production reduction season, and stocks will gradually fall after stabilizing at high levels from November to December. In addition, El Niño usually leads to high temperatures and droughts in Southeast Asia, which may cause palm oil production in Southeast Asia to decrease next year, affecting global palm oil supply in the later period. It is expected that Malaysian palm oil prices may gradually strengthen in the late fourth quarter.



1000KG/D Oil Refinery Machine With Deodorization

1.  The 1000kg/d oil refinery machine heating power is 27kw, voltage is 380V, and it can refine all kinds of crude oil by screw oil press extracted. 2. It is made of food grade stainless steel and polished. 3. Simple design to improve customer satisfaction. 4. The operation data are all displayed by the instrument, which is simple and reliable. 5. The edible crude oil can be dephosphorized, degumming, deacidification, decolorization, dehydrated and deodorization.

100kg/h Air Pressure Oil Filter Machine

1. Air pressure oil filter capacity: 100kg/h, power: 2.2Kw, voltage is 380V. 2. Makes use of positive pressure for maximized filtering efficiency. 3. Easy and convenient to clean, no oil slags and blockage. 4. The oil by air pressure filter is clear and pure. 5. Suitable for various crude oils extracted by screw oil press machine. 6. Also superior to filter oils with solid impurities.

150 Pellet Feed Making Machine

1. Feed pellet making machine, capacity is 120kg/h,  power is 3kw. It can process process various grain material animal feed pellets. 2. It is convenient to replace new accessories to save time in producing pellets, and the cost of spare parts (rollers and molds) is low. 3. The structure is simple and easy to operate, requiring only 1 or 2 workers. 4. This type of granulator is easier to clean and maintain than other granulators. 5. Small in size and light in weight, it can be used in households, small farms, and light industry.

150KG/H Centrifugal Oil Filter Machine

1. Centrifugal oil filter machine capacity: 150-200kg/h, power: 4Kw, Voltage: 380V 2. Eliminates troubles of filtering cloth cleaning and changing since this type of oil filter is no filtering cloth 3. Easy to operate and control, Can fully achieve the separation of oils and residues 4. Highly efficient centrifugal oil filtering equipment suitable for a great deal of crude oils, including rapeseed oil, cotton seed oil, soybean oil, peanut oil, flax seed oil, sunflower seed oil, corn germ oil, palm kernel oil, etc. 5. The type of centrifugal oil filter is perfect to match with various screw oil press machines.

You might also enjoy

Sign in

No account yet?

We use cookies to improve your experience on our website. By browsing this site, you agree to our use of cookies.
Translate »
0 Wishlist
My account
× Talk with me