Indonesian palm OIL REFINING MACHINE production is recovering rapidly
According to MPOB data, palm oil stocks fell 7.6% at the end of January to 1.5 million tonnes at five-month low, while the market is expected to cut 10.7% to 1.49 million tonnes. US Department of Agriculture OIL REFINING MACHINE is expected to Indonesia 2016/2017 annual output of 35 million tons, an increase of 3 million tons over the previous year, Indonesia's rapid recovery in production. Late palm oil production OIL REFINING MACHINE recovered or exceeded, but the demand side was inadequate. Indian oil refining association (SEA) released monthly data show that in January 2017 India's vegetable OIL REFINING MACHINE imports fell by about 19% over the same period last year, India's palm OIL REFINING MACHINE imports in January was 608762 tons. Palm oil market, the lack of information, the late supply is abundant, lack of demand, India's OIL REFINING MACHINE import growth slowed, biodiesel boost role is limited.
Domestic OIL REFINING MACHINE stocks continue to rise
Due to good OIL REFINING MACHINE crush profits, the domestic OIL REFINING MACHINE demand for imported soybeans continue to enlarge, the next few months to huge amounts of soybeans to Hong Kong. At present, most of the domestic OIL REFINING MACHINE companies began to return to normal boot, soybean oil stocks to follow the rise, as of February 20 domestic soybean OIL REFINING MACHINE business inventories total 111.59 million tons.
In addition, imports of palm OIL REFINING MACHINE in February is expected to 350,000 tons, March 40 million -45 million tons, the domestic port palm oil stocks are still on the rise, the current national OIL REFINING MACHINE port consumption of palm oil stocks 587,300, compared with 48.57 million last month Ton by 10,600 tons, an increase of 20.9%, the next few months, palm OIL REFINING MACHINE stocks will grow.
At the same time, OIL REFINING MACHINE temporary storage of vegetable oil is expected to more than 1 million tons, but the actual consumption is expected to less than 500,000 tons, the majority of OIL REFINING MACHINE channel inventory. However, the global rapeseed for three consecutive years of production, the global vegetable oil consumption ratio fell to low, OIL REFINING MACHINE tight supply and demand, and domestic rapeseed annual cut, with the national vegetable oil pressure release is completed, the second half of 2017 domestic vegetable OIL REFINING MACHINE supply gap or appear, Vegetable OIL REFINING MACHINE is expected to be stronger than palm oil and soybean oil.
Oil Refining Machine
According to MPOB data, palm oil stocks fell 7.6% at the end of January to 1.5 million tonnes at five-month low, while the market is expected to cut 10.7% to 1.49 million tonnes. US Department of Agriculture OIL REFINING MACHINE is expected to Indonesia 2016/2017 annual output of 35 million tons, an increase of 3 million tons over the previous year, Indonesia's rapid recovery in production. Late palm oil production OIL REFINING MACHINE recovered or exceeded, but the demand side was inadequate. Indian oil refining association (SEA) released monthly data show that in January 2017 India's vegetable OIL REFINING MACHINE imports fell by about 19% over the same period last year, India's palm OIL REFINING MACHINE imports in January was 608762 tons. Palm oil market, the lack of information, the late supply is abundant, lack of demand, India's OIL REFINING MACHINE import growth slowed, biodiesel boost role is limited.
Domestic OIL REFINING MACHINE stocks continue to rise
Due to good OIL REFINING MACHINE crush profits, the domestic OIL REFINING MACHINE demand for imported soybeans continue to enlarge, the next few months to huge amounts of soybeans to Hong Kong. At present, most of the domestic OIL REFINING MACHINE companies began to return to normal boot, soybean oil stocks to follow the rise, as of February 20 domestic soybean OIL REFINING MACHINE business inventories total 111.59 million tons.
In addition, imports of palm OIL REFINING MACHINE in February is expected to 350,000 tons, March 40 million -45 million tons, the domestic port palm oil stocks are still on the rise, the current national OIL REFINING MACHINE port consumption of palm oil stocks 587,300, compared with 48.57 million last month Ton by 10,600 tons, an increase of 20.9%, the next few months, palm OIL REFINING MACHINE stocks will grow.
At the same time, OIL REFINING MACHINE temporary storage of vegetable oil is expected to more than 1 million tons, but the actual consumption is expected to less than 500,000 tons, the majority of OIL REFINING MACHINE channel inventory. However, the global rapeseed for three consecutive years of production, the global vegetable oil consumption ratio fell to low, OIL REFINING MACHINE tight supply and demand, and domestic rapeseed annual cut, with the national vegetable oil pressure release is completed, the second half of 2017 domestic vegetable OIL REFINING MACHINE supply gap or appear, Vegetable OIL REFINING MACHINE is expected to be stronger than palm oil and soybean oil.
Oil Refining Machine