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