KUALA LUMPUR, March 10 (Reuters) - Malaysian crude palm oil could go above 3,000 Malaysian ringgit ($901.4) a tonne if output slows, a top industry analyst said on Wednesday.
Thomas Mielke, executive director and publisher of Oil World did not give a time frame for what would be a 12.5 percent rise from current levels.
He however said that refined palm olein prices were already near highs of $840-$850 a tonne.
That also means that palm oil could go into a slight premium to soyoil after trading at a diminishing discount so far this year, Mielke added.
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CPO Data
May 1-10th vs April 1-10th Export Data :
ITS - 380,047 vs 456,440 (-16.74%)
SGS - 377,193 vs 462,276 (-18.41%)
SGS - 377,193 vs 462,276 (-18.41%)
May 1-15th vs April 1-15th Export Data :
ITS - 599,300 vs 648,275 (-7.55%)
SGS - 611,277 vs 629,990 (-2.97%)
MPOB April 2013 vs March 2013
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CPO Tender as per 16/05/2013
124 Contracts (P.K.)
- Contracts (BTW)
- Contacts (P.G.)
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Total Tender:
184 contracts (P.K)
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MPOB April 2013 vs March 2013
Prod: 1,366,495 vs 1,325,128
(+3.12%)
Stock:1,926,723vs2,173,285
(-11.35%)
Export: 1,449,428 vs 1,535,657
(-5.62%)
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CPO Tender as per 16/05/2013
124 Contracts (P.K.)
- Contracts (BTW)
- Contacts (P.G.)
*****************************
Total Tender:
184 contracts (P.K)
- contracts (BTW)
- contracts (P.G)
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CPO Re-Tender as per 16/05/2013
- contracts (P.G)
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CPO Re-Tender as per 16/05/2013
- Contracts
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