博彩平台网址大全www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩平台网址大全上博彩平台网址大全登录线路、博彩平台网址大全代理网址更新最快。博彩平台网址大全开放皇冠官方会员注册、皇冠官方代理开户等业务。

palm oil factory

PETALING JAYA: Crude palm oil (CPO) prices could moderate further in the second half of this year (2H22), despite improving fundamentals.

While plantation stocks’ valuations are starting to look more appealing, RHB Research noted in a report yesterday that CPO prices have “fallen with a vengeance”.

It said CPO prices have fallen by more than 30% in the last three weeks, owing to the lifting of the export ban and the issuance of export permits in Indonesia for those seeking an exemption from the Domestic Market Obligation requirements.

Despite expecting CPO prices to fall as quickly as they rose, it said the quantum of decline was larger-than-expected, leading the research house to believe that speculative activities are also at play.

“Other commodities like soybean prices also fell 10%, wheat prices were down 14% and crude oil prices retreated 15% in the last few weeks,” it said.

RHB Research believes stock levels for CPO will remain tight in the coming months, possibly until the end of third quarter, thus supporting CPO prices at current levels.

However, it noted that CPO prices could fall to lower levels of RM4,000 to RM5,000 per tonne for the rest of the year as fundamentals improve, assuming that labour shortages are resolved and Ukrainian oilseed output is able to be exported out.

“Our price assumptions of RM5,300 technically assume a price average of about RM4,300 for 2H22, which could be surpassed on the downside based on the current trajectory.”

,

Telegram群组搜寻器www.tel8.vip)是一个Telegram群组分享平台,Telegram群组搜寻器包括Telegram群组搜寻器、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群组搜寻器为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

RHB Research also noted that CPO prices are trading at a significant discount to soybean oil and gas oil.

With CPO trading at a discount to soybean oil, it expects demand to pick up from consuming countries in the short term.

It said this would include price-sensitive nations like China, India, Pakistan and Bangladesh, given the extremely low stock levels currently.

On the global supply of vegetable oils, RHB Research said it is beginning to see the “light at the end of the tunnel”.

This comes after some progress with regards to food exports, as Russia and Turkey have agreed to pursue talks on a potential safe-sea corridor in the Black Sea to export seeds and grain from Ukraine, despite the ongoing Russia-Ukraine conflict.

While labour shortages remain a concern in Malaysia, the research house said the first and second batch of Indonesian workers arrived on June 22 and June 24, respectively.

On the back of the recent dip in CPO prices, it pointed out that share prices have consequently been negatively affected.

RHB Research maintained its “neutral” call on the plantation sector and named Wilmar International Ltd and Kuala Lumpur Kepong Bhd as its top picks, believing that these companies are able to withstand the lower CPO price environment better than pure planters.

USDT官网接口声明:该文看法仅代表作者自己,与本平台无关。转载请注明:Telegram群组搜寻器_CPO prices seen moderating further in 2H
发布评论

分享到:

电报群组大全_Tired of waiting for cars, Japan’s consumers turn to motorcycles
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。