Exports of Malaysian palm oil rose 21.3%

Export of Malaysian plam oil for Nov 1-15 was 717,936 tonnes increase 21.3% from 591,791 tonnes last month. The SGS reported export palm products in detail below;

Unit: tonnes
Nov 1-15 Oct 1-15
Crude palm oil 155,073 89,670
RBD palm oil 79,931 77,825
RBD palm olein 286,847 263,614
RBD palm stearin 70,660 46,205
Crude palm kernel oil 16,500 7,600
Processed palm kernel oil 24,530 22,547
Oleochemicals 30,136 16,940

Export Malaysian Palm product by country

Nov 1-15 Oct 1-15
China 199,890 140,331
EU 165,791 120,040
Pakistan 55,000 48,800
USA 12,290 26,702
India 72,700 49,210

Malaysia's Oct 1-15 palm oil export by SGS and ITS

Export of Malaysian palm oil for Oct 1-15 reported by SGS rose 10% to 591,791 tonnes from 538,200 tonnes of Sep 1-15. The redcution from export to china was cover by increase in EU+ US + India export.
Export of Malaysian palm oil for Oct 1-15 reported by ITS rose 12.6% to 596,515 tonnes from 529,980 tonnes of Sep 1-15. Export to China reduce from long holiday but export to EU was rose sharply.

Malasian Palm Oil ended 0.5% Higher

Malaysian palm oil closed 0.5% higher on Tuesday. The December contract rose 31 ringgit to high at 2,178 before settling increase 10 at 2,157 ringgit. The bullish factor from outside market with good export for first 10 days of October. Vegetable oil have positive sentiment from high crude oil price that above $73.But CBOT soyoil (Oct) reduce 1.5% in asian trade from investor profit taking at 35.76 (-0.54).

Contract
palm oil Nov09
Open: 2188
High:2193
Low:2153
Volume:2792
Close:2175(+11)

Contract
palm oil Dec09
Open: 2172
High:2178
Low:2130
Volume:14922
Close:2157(+10)

Contract
palm oil Jan10
Open: 2170
High:2176
Low:2130
Volume:7796
Close:2156(+12)

Malaysia Export rebound

Export of Malaysian palm oil (Oct 1-10) reported to 345,393 tonnes rose 3.9% from 332,392 tonnes in Sept 1-10, data from cargo surveyor SGS and another cargo surveyor Intertek showing palm export for Oct.1-10 reose 8.27% to 339,195 tonnes from 313,282 tonnes (Sept 1-10). Even though demand from China dipped 15.9% to 98,600 tonnes but export to India increase by 18,4% to 95,600 and export to EU go to 62,800 tonnes (incrase 21%).
The Malaysian Palm Oil Beard reported bearish data from palm oil, Malaysia's palm inventories increase 11.5% to 1.58 million tonnes in Sept that more than trade expected at 0.4% slide to 1.31 million tonnes.

comment : market seem to be weight on good export news than bearish stock data. Malaysian palm oil futures jumped 3.2% to 2,152 ringgit ($631.6) up by 3.2%.

Crude palm oil up 5 ringgit in choppy trade

Crude palm oil futures on Malaysia's derivative exchange ended up by 5 ringgit, prices cannot sustain earlier gain due to slight decease demand in cash market and long liquidation. The December contract on Bursa Malaysia ended up 5 ringgit at 2,042 ringgit/tons after reach high at 2,057 ringgit.

Related News :
Palm Oil to Top Forecast on Supplies, DBSVickers Says (Update1) ; long term palm oil price will up due to stockpile decline , weak dollar support and demand increase that will limited downward of palm oil prices.

Palm Oil Gains on Optimism Stockpiles Reduced After Festivities ; palm oil prices supported from reported decline in stockpile but i think it is an short term speculation.

Malaysia Palm stock raise

The Malaysiam Palm Oil Board reported total palm oil inventories rose 6.2% to 1.42 million tons, export decline 9.5% to 1.32 million tons and production and production 105,000 tonnes lower(yoy) , after dry weather for much of the year.

My commentary: production increased and export goes down that put presure on palm oil price also other vegetable oil.