#Malaysia Crude #PalmOil Export Tax keep at 10% for July 2026, based on a reference price at RM 4,346.79 per ton, down from RM 4,372.64 per ton previously. The tax structure starts at 3% for prices between RM 2,250-2,400 and caps at 10% above RM 4,050.
El Niño conditions are present and expected to strengthen into the Northern Hemisphere winter 2026-27. An #ElNino Advisory is now in effect. #ENSOcpc.ncep.noaa.gov/products/a…
ALT A bar chart showing the chance of El Niño (red bars), ENSO-Neutral (grey bars), and La Niña (blue bars) provided for 9 upcoming, overlapping 3-month seasons (each letter represents a month, for example, F = February). The color shading within the bars indicates the chances of different categories of El Niño or La Niña strength (weak, moderate, strong, and very strong). Alternatively, the table at the internet address below presents the percent chances of each strength category in numerical form. https://cpc.ncep.noaa.gov/products/analysis_monitoring/enso/roni/strengths/
Brazil's CONAB crop production estimates for June....no material or impactful changes to #corn#cotton or #soybeans from May. Over the last 4 months the cotton estimates have declined while corn and soy have increased.
#MPOA 1-31 May 2026 #Palmoil Prod Est -
Peninsular Msia -7.68%, Sabah -8.13%, Sarawak -4.23%, East Msia -7.04 % , Whole Msia -7.37%.
Production estimated at 1.51 Million mt.
#Indonesia likely to lower the crude palm oil export tax to $148/T from $178/T, with June reference prices set at $1,029.51/T, compared to $1,049.58/T previously. Additionally, a 12.5% levy will apply to CPO, while other RBD products will face a 7.25%–12% levy.
BMD Malaysia will be closed for public holiday on the following day:
Wednesday, May 27th , 2026 - Hari Raya Haji
Monday, June 1st , 2026 - Yang Dipertuan Agong's Birthday
Tuesday, June 2nd , 2026 - Wesak Day (Replacement)
#Indonesia#PalmOil S&D from #GAPKI:
Mar'26 vs Feb'26 ( in Million Tons)
Exports - 2.168 vs 3.297 ( -34.2%),
Prod. - 4.821 vs 5.500 (-12.4%),
Stocks - 2.568 vs 2.026 ( 26.8%).
Indonesian President Prabowo said the government will centralise exports of key commodities, starting with coal, palm oil, and ferroalloys, to boost revenue and strengthen control over natural resources.
A three-month transition period will allow normal trade while export transactions are monitored. State wealth fund Danantara Indonesia will oversee the new export system.