单双哈希:Local CPO output seen hitting 1.59 million tonnes in July

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

According to CGS-CIMB Research, the m-o-m increase was driven by seasonal factors.Owing to the higher output, the research house estimates local palm oil inventory would grow by 9.8% m-o-m and 21.4% y-o-y to 1.82 million tonnes at the end of July, its highest level since June 2020.

PETALING JAYA: The domestic crude palm oil (CPO) output in July is seen to grow consequently, resulting in higher inventory for the period under review, says CGS-CIMB Research.

From a survey findings by CGS-CIMB Futures team, local CPO output is expected to increase by 2.8% month-on-month (m-o-m) to 1.59 million tonnes in July, a 4.3% year-on-year (y-o-y) growth.

According to CGS-CIMB Research, the m-o-m increase was driven by seasonal factors.

Owing to the higher output, the research house estimates local palm oil inventory would grow by 9.8% m-o-m and 21.4% y-o-y to 1.82 million tonnes at the end of July, its highest level since June 2020.

“Our estimate of 1.82 million tonnes for July 2022 palm oil stock level in Malaysia is 4% below the 10-year historical July average of 1.89 million tonnes,” CGS-CIMB Research said, adding that the official figures by the Malaysian Palm Oil Board will be released on Aug 10.

“Meanwhile, palm oil exports is also expected to increase by 3.6% m-o-m, but will drop by 12.2% y-o-y to 1.24 million tonnes based on export statistics by cargo surveyors,” it added.

The research house said the higher m-o-m palm oil exports from Malaysia could be due to slower-than-expected palm oil exports from Indonesia in July, as exporters anticipated potential cuts in export tax for Indonesian palm oil from Aug 1.

,

单双哈希www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

,

Recently, Indonesia lowered its CPO reference price to US$872 (RM3,887.38) per tonne, effective Aug 1 to Aug 15, from July’s reference price of US$1,615.83 (RM7,203.37).

Consequently, for the first two weeks of August, CPO export duty was placed at US$33 (RM147.11) per tonne compared with US$288 (RM1,283.90) in July.

Meanwhile, the Indonesian government had scrapped the export levy, effective July 15 to Aug 31, for palm oil and palm oil products.

For comparison, the levy rate for CPO was at US$200 (RM891.60) per tonne from July 1 to 14.

The research house believes the significantly lower export tax of US$33 (RM147.11) per tonne from Aug 1 to 15, against US$288 (RM1,283.90) per tonne from July 15 to 30, is likely to drive Indonesia’s export shipments as exporters take advantage of the significant savings in CPO export taxes and levy.

On top of that, Indonesia has also raised the domestic market obligation and exports ratio to 1:9 versus 1:7, from Aug 1.

“These two factors will likely lead to weaker palm oil exports from Malaysia in August,” the research house said.

“To put things in perspective, Malaysia’s CPO export tax for August is RM420.60 per tonne, which is higher than Indonesia’s US$33 (RM147.11) per tonne, making Malaysia less competitive versus Indonesia.”

  • 评论列表:
  •  aLLbet官网(www.aLLbetgame.vip)
     发布于 2022-12-03 00:08:30  回复
  •   Apple公司传闻中的混合现实头显往往是该公司专利申请的重点,以前的专利包括手指安装的控制装置、可调节的镜片、眼球追踪,甚至是软件。去年年底,摩根士丹利的分析师指出,Apple公司与混合现实头显有关的专利组合数量增加规模与Apple Watch推出之前的情况类似,表明该设备可能接近发布。好看不需要理由

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。