Refined palm olein to average 23% higher in first half 2025, analyst Mielke says
Adds details, background
MUMBAI, Sept 20 (Reuters) -Refined, bleached and deodorized (RBD) palm olein prices in Malaysia will average $1,100 per metric ton on a free-on-board (FOB) basis in the first half of 2025, up 23% from a year ago, leading industry analyst Thomas Mielke said on Friday.
Higher prices of RBD palm olein could boost demand for crude palm oil and support benchmark Malaysian palm oil futures FCPOc3. POI/
Palm oil output of top producer Indonesia is likely to fall by up to 1.5 million metric tons in 2024 amid rising local demand for biodiesel, which will reduce exports and support prices, Mielke told the Globoil India conference.
Last month, Indonesia's energy ministry said it plans to raise the share of palm oil in biodiesel to 40% in January 2025 from the current 35% to reduce fuel imports and emissions from fossil fuels.
Argentina's soyoil prices could average $1,130 per ton on a FOB basis in the January to June period next year, up 27% from a year ago, Mielke said.
Sunflower oil prices in the Black Sea region could average $1,220 per ton, up nearly 51% from a year ago, as output in leading producers Russia and Ukraine is likely to fall, he said.
Reporting by Rajendra Jadhav; Editing by Christian Schmollinger and Tom Hogue
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
