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Production & Marketing
Palm Oil Market in October and Prospect in November
The palm oil market has been increasing swiftly in October£¬prices of palm oil and other edible oil have been continually increasing and reached
highest in recent years. The increasing CBOT soja futures in October 10, all of palm oil jumped to 6000-6100 RMB yuan per ton, average rise extent touch to 6600-6800 RMB yuan. We can see that outside environment is the most of direct reason that is results in rise of market in October
According the some industry specialists, the following factors should be considered when analyzing the future trend of market£º
On the palm oil market the supply is more than the demand£»
In the international market, the palm oil market tend to stable£»
The costs of processing the palm oil vary.
In sum, price of palm oil will fluctuate at the range of 6200-6400 RMB yuan per ton, if outside environment will relatively stable.
Market Prices of Edible Oils Appear the New Height
At the present, the wholesale market prices of major grain and oil have increased rapidly, for example, the price of second grade peanut oil is 11600 RMB yuan per ton, increased 15.5% from last month bottom in Henan province
There are two major reasons for the price increase: first, significant price increase on soybean and soybean oil; second, the rapidly price increase of peanuts. The market seems taking the price changes calmly at the present.
Analyzing palm oil market in Oct and position prospect in November
Lipid market is increasing swiftly in Oct., price of palm oil and salad oil is wonderfully increasing, and reaches to zenith in recent years. increasing CBOT soja futures in Oct.10, all of palm oil jump up 6000-6100 Yuan per ton, average rise extent touch to 6600-6800yuan which is the bigger level .Civil palm oil price also tend to down slowly. We can see that price trend in Oct. outside environment is the most of direct reason that is results in rise of market
As to back market, the author think that the people should pay attention to following:
1. The palm oil market in supply is bigger than in demand
2. In the international market, the palm oil market tend to finer way on the whole
3. The cost of the pale oil is uneven,
In sum, price of civil palm oil is fluctuate in 6200-6400 Yuan per ton ,if outside environment will stably base line.
All sorts of crops and oil price are increasing in etc.
In Oct., civil crop and oil market begin to boom, All sorts of corps and oil price are increasing. Axunge and oil feed price rate firstly increase, afterward, the big crop breed, for example, the price of wheat, corn , paddy is also increasing.
Rice
It is influenced by civil serious drought, major province and district where product crop reduce yield. This two week, everyday price is various.
Market price is 1800 Yuan per ton at Nanchang city in Jiangxi province, increased rate is 26%.
Corn
Corn is the one of bigger increases breed. new corn price is also very high, which make market price increase rapidly.
The price is 1450 yuan in the bottom of Oct., increased 18%. at Nanchang city in Jiangxi Province.
Wheat
The price of Wheat in Nanchang is 1520-1540 Yuan per ton, and the price of the wheat for feeding has increased to 1450 Yuan per ton., increasing 31% compared with last year.
Soya
At present, many places is lack of soya, at the end of Oct., the price of soya in Nanchang is 3500yuan per ton, increasing 20%.
Oil
The price of oil in our country is increasing rapidly in Nanchang, The price of rap oil is 7200yuan per ton and the price of the refining oil is 7800-7900yuan per ton, increasing 21% and 27%.
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