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News Admin
 
Date
 06/01/2021
News Provider
 Siti Safura Masiron
News Source
 www.todayonline.com
Headline
 Malaysian Palm Oil Council sees Q1 crude palm oil price averaging 3,650 ringgit


05.01.2021 (www.todayonline.com) - Jan 5 - Malaysian Palm Oil Council CEO Kalyana Sundram told a virtual palm oil conference on Tuesday:



* INDIA'S 2020 MALAYSIAN PALM OIL IMPORTS ESTIMATED AT 2.43 MILLION T



* 2021 CRUDE PALM OIL EXPORT TO INDIA LIKELY TO STAY STRONG AS CURRENT INDONESIAN EXPORT LEVY WILL GIVE A PRICE ADVANTAGE TO MALAYSIA



* MALAYSIAN PALM OIL IMPORTS BY CHINA TOTALED 2.83 MILLION T IN 2020



* PALM OIL IMPORT BY CHINA IN 2021 WILL BE CHALLENGED DUE TO LOWER PRICES OF OTHER VEGETABLE OILS



* MALAYSIA 2021 CRUDE PALM OIL PRODUCTION ESTIMATED AT 19.6 MILLION T



* INDONESIA CRUDE PALM OIL PRODUCTION IN 2021 ESTIMATED AT 45 MILLION T



* MALAYSIAN 2021 CRUDE PALM OIL EXPORTS ESTIMATED TO RISE TO 4.5 MILLION T



* INDONESIAN 2021 CRUDE PALM OIL EXPORTS ESTIMATED TO RISE TO 6.4 MILLION T



* SUPPLY AND DEMAND SCENARIO LIKELY TO CREATE LOW MONTH ENDING STOCKS FOR MUCH OF 2021, WITH LOW MONTHLY STOCKS TRENDING BELOW 1.5 MILLION T



* MALAYSIA LIKELY TO SEE CRUDE PALM OIL SUPPLY DEFICIT OF 500,000 MILLION TONNES



* MALAYSIAN PALM OIL COUNCIL EXPECTS CRUDE PALM OIL PRICE TO AVERAGE AT 3,650 RGT/T IN Q1



* MALAYSIAN PALM OIL COUNCIL EXPECTS 2021 CRUDE PALM OIL PRICE TO AVERAGE AT 3,217 RGT/T Source text for Eikon: Further company coverage: [ ] REUTERS



Read more at https://www.todayonline.com/world/malaysian-palm-oil-council-sees-q1-crude-palm-oil-price-averaging-3650-ringgit



 



ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533