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Vegetable oil prices held at high levels as China shifted purchases away from US oilseed products toward other origins. Indonesia raised its crude palm oil export duty by $5 to $55 per tonne from June 1 to fund its B30 biodiesel mandate, while Malaysia cut its export duty to zero.
Chicago soybean oil traded near $608 per tonne and Ukrainian and Russian sunflower oil were quoted at $740-760 FOB.
Indonesia's higher export levy and biodiesel mandate tighten palm and soy oil supplies, supporting vegetable oil prices and lifting the cost of oil-based feed ingredients.
graintrade.com.ua2 giu 2020Dopo 842 eventi politica rialzista passati, Olio di soia si è mosso in mediana di +0,2% in 5 sedute (52% in rialzo; metà centrale da -1,6% a +2,1%), e di -0,5% in 20.
Dopo 548 eventi politica rialzista passati, Olio di palma si è mosso in mediana di +0,4% in 5 sedute (61% in rialzo; metà centrale da -0,7% a +2,1%), e di +0,9% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Strong vegetable oil demand, China's shift away from US oilseed products, Malaysia's zero export duty and Indonesia's B30-funding duty increase all supported palm and vegetable oil prices at a high level.
Indonesia's $5 export duty hike from June 1 to fund B30 biodiesel, Malaysia's duty cut to zero and strong vegetable oil demand are bullish for palm prices, though the report is dated a day after the move.
